Government clears FDI proposals worth Rs 3,250 cr
New Delhi, May 11: The Finance Ministry on Friday said it cleared an FDI proposal last month which will bring total foreign investment worth Rs 3,250 crore.
The proposal sought Foreign Direct Investment (FDI) in Hindustan Infralog Pvt Ltd, a proposed investing company, by Netherlands-based DP World Global Investment BV.
The investment will amount to 65 per cent of paid-up share capital of Hindustan Infralog, the Economic Affairs Department said in a statement.
It said that in the same month, the government disposed off a total of five FDI proposals approving three and rejecting one while one was sent back to the applicant.
While a proposal for acquisition of up to 100 per cent share capital in a non-operational investment holding company called Vadodara Stock Exchange Ltd was sent back to Northvale Capital Partners Pvt Ltd on the ground of being "premature", another proposal was rejected seeking post facto approval for the cumulative investments made in Kora Research Advisors India by two US-based companies Kora Management LP and Kora LLC.
However, the Economic Affairs Department approved a proposal by Alcon Laboratories (India) Pvt Ltd seeking to undertake financial lease of ophthalmic surgical equipment in India in addition to the existing business of wholesale trading.
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Delhi elections: BJP releases first list of candidates; Parvesh Verma to contest against Kejriwal
New Delhi: The Bharatiya Janata Party (BJP) on Saturday released its first list of 29 candidates for the upcoming Delhi Assembly elections, scheduled to be held in February this year.
Former Lok Sabha MP Parvesh Verma will contest from the New Delhi assembly seat against former Chief Minister and Aam Aadmi Party convener Arvind Kejriwal.
Ramesh Bidhuri is set to contest against Delhi CM Atishi and Congress leader Alka Lamba from Kalkaji constituency.
BJP has fielded Sardar Tarvinder Singh Marwah from Jangpura constituency. He is pitted against former Delhi deputy CM Manish Sisodia. Meanwhile, Congress has fielded former Mayor Farhad Suri from this constituency.
The saffron party has fielded Dushyant Kumar Gautam and Ashish Sood from Karol Bagh and Janakpuri, respectively, and former AAP leader Kailash Gahlot from Bijwasan.
The BJP has dropped its Gandhi Nagar MLA Anil Bajpai and given a ticket to former Delhi Congress chief Arvinder Singh Lovely.
Former Delhi BJP president Satish Upadhyay will contest from Malviya Nagar.
