The Foreign Investment Promotion Board (FIPB) on 26 September will consider 15 investment proposals, including that of Idea Cellular Infrastructure Services and Sharekhan.
Additionally, the board will decide on investment proposals of Limpkin Telecom, Perrigo API India, Flag Telecom Singapore, IBM India, BT Global Communication (Mauritius), Morgan Stanley India Primary Dealer and BNP Paribas Asset Management, among others.
For most of the sectors in India, the foreign direct investment route is applicable. However, in certain sectors which are considered to be sensitive for the economy and security of the country, the proposals have to be cleared by the FIPB first. In recent times, the central government has initiated a variety of measures to boost FDI in India.
About three months ago, the BJP-led government liberalised the FDI regime that would provide major momentum for the earning generation of the country. According to media reports, the government said the measures undertaken by it has resulted in increased FDI inflows at about $55.46 billion in the financial year that ended in March 2016.
This was as against $36.04 billion in the previous fiscal.