FDI proposals worth Rs 988.3 crore approved

New Delhi, Oct 24: The government has approved 20 proposals of foreign direct investment (FDI) amounting to Rs 988.3 crore, an official statement said on Friday.

"Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on September 16, 2014, the government has approved twenty proposals of Foreign Direct Investment amounting to Rs.988.3 crore approximately," the finance ministry statement said.

Some of the proposals that got clearances are - Bharti Shipyard, Solar Industries, Hatsoff Helicopter Training, Verizon Communications, Ironman Media and Advisory Services and Indusind Bank.

IANS