Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
Two mind-sets: one here,  the other there
access_time 2021-01-20T13:57:46+05:30
What is Halal? Market strategies and controversy
access_time 2021-01-19T15:54:19+05:30
Arnabs chats cannot be ignored
access_time 2021-01-18T11:33:12+05:30
Women and girls need to be safe
access_time 2021-01-15T15:08:45+05:30
DEEP READAll arrow_drop_down
exit_to_app
Homechevron_rightBusinesschevron_rightIndia approves Walt...

India approves Walt Disney's Rs.1,000 crore investment

text_fields
bookmark_border
India approves Walt Disneys Rs.1,000 crore investment
cancel

New Delhi: The Indian government Thursday said it has approved US-based Walt Disney's Rs.1,000 crore investment proposal in broadcasting business in India.

Based on the recommendations of the Foreign Investment Promotion Board (FIPB), the government approved the Walt Disney's investment proposal at a meeting held July 27, 2012, finance ministry said in a statement.

The American firm's proposal is for "induction of foreign equity for inter alia expansion of the business and making downstream investment in other companies and subsidiaries of the company, including broadcasting companies."

The government has also approved nine other investment proposals. The total approved foreign direct investment (FDI) in the 10 proposals are to the tune of Rs.1,259.92 crore.

Meanwhile, the government has deferred 16 proposals and rejected four proposals of overseas investments.

IANS

Show Full Article
TAGS:
Next Story