Astra Pharma, 41 other FDI proposals cleared

new delhi: astra pharmaceuticals'' rs 82 crore proposal was among the 42 foreign direct investment proposals involving rs 123 crore cleared by the government on tuesday. the other proposals cleared by union minister for commerce and industry murasoli maran included matshushita electronic''s proposal involving rs 10.50 crore for increasing foreign equity to 100 per cent from 90 per cent in its indian arm and a rs 7 crore proposal of german firm carl zeiss to invest in its local operations. astra pharmaceuticals proposal involves increasing foreign equity to 100 per cent from 56.49 per cent. hyundam industry''s proposal to increase stake in its indian arm to 100 per cent involving an investment of rs five crore. bgs smartcard systems plan to raise stake in local arm to 100 per cent involving rs 4.10 crore. abbey national uk''s rs 3.52 crore proposal for increasing foreign equity in its indian arm to 37.04 per cent from 30 per cent. indiment inc, us''s proposal to acquire 26 per cent in indian operation at an investment of rs 2.50 crore. french hospitality company accor group''s proposal to transfer of equity from resident to non-resident and conversion of external comemercial borrowings (ecbs) into equity.