FIPB clears 13 FDI proposals value Rs 6,500 crore

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New Delhi: Telecom building organisation Viom Networks’ Rs 5,900 crore FDI offer was among a 13 projects, totalling Rs 6,500 crore, that a unfamiliar investment graduation house (FIPB) privileged today.

Image: FlickrImage: Flickr

Image: Flickr

The house privileged a offer of ATC Asia Pacific Pte to acquire infancy interest in Viom Networks involving Rs 5,900 crore.

Alstom Manufacturing India’s offer value Rs 400 crore and pharma organisation Cipla’s offer of Rs 150 crore were privileged by a FIPB, sources said.

The FIPB had 26 FDI proposals on a bulletin today. The inter-ministerial row FIPB, chaired by Economic Affairs Secretary Shaktikanta Das, can oldster unfamiliar approach investment proposals adult to Rs 5,000 crore.

In Oct final year, American Tower Corporation (ATC) has sealed agreement to acquire 51 per cent in Viom Networks during sum craving value of around Rs 21,000 crore, including debt of about Rs 5,800 crore of Viom, a largest unfamiliar approach investment in telecom zone a stream fiscal.
PTI

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