Financial Daily from THE HINDU group of publications
Tuesday, Jun 08, 2004
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Industry & Economy - Foreign Direct Investment


FDI proposals for Mohali industrial township, park cleared

Our Bureau

New Delhi , June 7

THE Finance Minister, Mr P. Chidambaram, on Monday approved two foreign direct investment (FDI) proposals worth Rs 550 crore on the recommendations of the Foreign Investment Promotion Board (FIPB).

The two project proposals, according to an official statement here, pertain to FE Holding Mauritius Ltd seeking the Centre's nod for setting up an industrial park at Mohali in Punjab with 100 per cent foreign investment totalling Rs 50 crore and an integrated township, also at Mohali, at a foreign investment cost of Rs 500 crore. Both the projects are to be executed in collaboration with Punjab-based FI Associates Pvt Ltd.

The projects were recommended for approval by the FIPB at its meeting on May 7. The month-long delay in final approval has been on account of the change of guard at the Centre.

More Stories on : Foreign Direct Investment

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Monsoon to remain active in Kerala

Govt to ensure stable tax regime: Kalam
Growth rate pegged at 7-8 pc; FII, FDI to be encouraged
`Govt to give more teeth to panchayat bodies'
Kalam lays stress on infrastructure
Kalam's speech echoes sentiments of CMP
`Conservation lapses cost Kerala dear'
Coca-Cola, CII in tie-up
For goods not under MRP-based assessment — Budget may introduce excise levy at `first point of sale'
Rajbandh fire: Panel to scrutinise safety norms
Itochu-BHEL set to bag next stage of Bakreswar thermal project
The magic of steel, with a `warm touch'
Ministry rejects industry demand for refund of State-level levies
Karnataka: Sick SSIs asked to submit info
Stress on water conservation
SCCL turnaround lauded
Radio industry group meets I&B Minister
Car recalls happen in India too, but discreetly
India may slip in auto component exports — Rising steel prices play spoilsport
Notebook prices likely to go up
Chambers hail economic agenda
Hosiery producers petition Chidambaram on CST amendments
IHT issue: Govt to file caveats in High Courts
FDI proposals for Mohali industrial township, park cleared
UK co to encourage jatropha farming in wastelands
New definition for medium-scale sector finalised
Mukesh discusses convergence with Jaipal Reddy
ACMEE to be held in Chennai from June 10-14
In Thiruvananthapuram today
Do not treat financial derivative transactions as speculative: ICAI
RBI eases overseas lending norms for exporters
UAE comes down on terror finance, money laundering

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line