FIPB clears 18 FDI proposals, including those of Cadila and Tata Global Beverages

The Foreign Investment Promotion Board (FIPB) on Monday cleared 18 foreign direct investment (FDI) proposals, including those of Cadila Healthcare and Tata Global Beverages.

"The FIPB cleared 18 investment proposal, including those of Cadila Healthcare and Tata Global Beverages Ltd. The inter ministerial agency considered 41 FDI proposals," a senior finance ministry official said.

"10 foreign direct investment proposals were deferred", he added.

FIPB is headed by Finance Secretary Rajiv Mehrishi.