FDI proposals worth Rs 993 cr cleared

The Foreign Investment Promotion Board (FIPB) has approved foreign investments from 18 companies that will bring in FDI worth Rs 992.85 crore.

By TNN | Sep 20, 2006, 12.00 AM IST

NEW DELHI: The Foreign Investment Promotion Board (FIPB) has approved foreign investments from 18 companies that will bring in FDI worth Rs 992.85 crore.

Of this, Rs 342 crore will be invested by the Japan’s Mitsubishi Chemicals in West Bengal, reports Our Bureau.

The other major gainer has been the BPO sector with Rs 256 crore investments proposed for the setting up a voice based call centre in Mumbai.

The BPO will be set up by two US-based private parties in partnership with Adventity BPO.

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