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New Delhi, Oct. 9

SKIL Infrastructure’s proposal to accept foreign investments from GL Asia Mauritius II Ltd, Mauritius for further downstream investments in construction development activities and infrastructure projects has received the nod of the Cabinet Committee on Economic Affairs (CCEA) here on Tuesday. GL Asia Mauritius II would make investments up to 26 per cent amounting to $250 million in SKIL Infrastructure through issuance of secured convertible debentures. The downstrea m investments would be made in Mumbai SEZ Ltd, Navi Mumbai SEZ Ltd, Pipavav Shipyard Ltd, SKIL Himachal Infrastructure and Tourism Ltd, Gujarat Positra Port Company Ltd and Logistics Project or any other FDI policy compliant project, according to the Finance Minister, Mr P. Chidambaram.

— Our Bureau

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