FDI proposal worth Rs 27.72 crore approved

The government on Tuesday approved foreign direct investment (FDI) worth Rs 27.72 crore, while it rejected seven and deferred six proposals.

The overseas investment proposal of induction of Rs 27.72 crore overseas investment in the Delhi-based Bhartiya Samruddhi Investments and Consulting Services has been approved on the recommendation of the Foreign Investment Promotion Board (FIPB), an official statement said.