FIPB to take up 12 FDI proposals on August 30

NEW DELHI: Inter-ministerial body FIPB will on August 30 take up 12 foreign investment proposals, including those of BNP Paribas Asset Management lndia Pvt Ltd and Sharekhan Ltd.

Other proposals pertain to companies like Willmar Schwabe lndia Pvt Ltd, SAET lndia Pvt Ltd, Bashundhara Paper Mills India Pvt Ltd and Whizdm lnnovations Pvt Ltd will come up for consideration at the meeting to be chaired by Economic Affairs Secretary Shaktikanta Das, an official statement said today.

India allows FDI in most sectors through the automatic route, but in certain segments considered sensitive for the economy and security, the proposals have to be first cleared by the Foreign Investment Promotion Board.