Our Bureau

New Delhi, Feb. 18

BAUSCH & Lomb Eyecare (India) Private Ltd's plan to set up a community cataract surgical centre involving foreign direct investment (FDI) inflow worth Rs 50 crore was among the various FDI proposals approved by the Government today.

A total of 24 proposals involving FDI worth Rs 158.82 crore were cleared by the Finance Minister, Mr P. Chidambaram, here today.

The ADR/GDR offering proposed by ICICI Bank for issue of sponsored offering of ADRs against existing shares involving FDI worth Rs 44.45 crore too was approved by the Minister.

Colgate-Palmolive Asia Pte's plan to acquire approximately 20 per cent stake in Colgate-Palmolive India Ltd from its New York-based parent company, Colgate Palmolive, involving FDI worth Rs 27.20 crore has also been approved.

Boston-based International Data Group's proposal to set up a wholly-owned subsidiary for printing and publishing technical magazines involving FDI worth Rs 13.13 crore has also received the go ahead from the Government.

(This article was published in the Business Line print edition dated February 19, 2005)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.