FM clears 30 FDI proposals worth Rs 130 cr

NEW DELHI: Finance Minister Jaswant Singh on Wednesday cleared 30 foreign direct investment proposals worth Rs 130.25 crore inlcuding the Rs 95.69 crore fund infusion of EMC Corporation-Hopkins Massachusetts of US.
The proposals were mainly for manufacture of glass, reinforce polymer pipe systems and tanks, consumer goods, ISP and software, an official release said.
Apart from EMC''s proposal, the FIPB also cleared Rs 17.54 crore FDI plan of a Bahrain-based company for manufacture of glass and reinforced polymers pipes and tanks.