The Cabinet Committee on Economic Affairs approved three proposals, including one of Walt Disney, that would totally bring in foreign direct investment (FDI) worth Rs 14,750 crore.
At its meeting here on Wednesday, the CCEA gave its nod to the proposal of Walt Disney Company (Southeast Asia) Pte. Ltd., Singapore for increasing its shareholding from 48.02 per cent to 100 per cent of UTV Software Communications Ltd. This approval is expected to result in FDI inflows amounting to Rs 8,250 crore, an official statement said.
Also, the CCEA gave its approval for a proposal of Grid Equipment Ltd, Haryana, for bringing in foreign direct investment of Rs 4,500 crore.
Similarly, a proposal of Energy Grid Automation Transformers and Switchgears India Ltd, Haryana, for bringing in FDI of Rs 2,000 crore was approved.