Centre clears 28 FDI proposals

NEW DELHI: The government has approved 28 foreign direct investment (FDI) proposals including the Rs 460 crore plan of Shell Gas to set up a 100% subsidiary in India to market transportation fuels.
STAR News broadcasting’s proposal to invest up to 26% in the equity share capital of media content and communications services by subscribing to a fresh issue of shares has also been permitted by the Foreign Investment Promotion Board (FIPB).
Major investment proposals cleared by the finance minister Jaswant Singh pertain to chemicals and petro-chemicals, mines, petroleum and natural gas, information and broadcasting and cash and carry wholesale trading.