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9 FDI Proposals Amounting to Rs. 5k Crore Approved by DIPP
August 28, 2017
9 Foreign Direct Investment (FDI) approvals of about Rs. 5,000 crores, including one from Amazon Retail India, have been approved by the government. However, Department of Industrial Policy and Promotion (DIPP) has rejected four proposals as well, which include Aveo Real Estate Holdings and BCP Advisors.
In a bid to engage in the retail trading of food products that are manufactured in India, Amazon Retail has proposed an FDI worth Rs. 3,500 crores for establishing a subsidiary company in that enterprise.