New Delhi: India on Friday approved 18 foreign direct investment proposals worth Rs 1553 crore ($384 million), including by Essar group, Japan's Teikoku Piston Ring Co and French insurer Societe Beaujon.
The finance ministry said in a statement India's Essar group plans to set up a holding company with foreign equity at a cost of Rs 560 crore and invest in India's booming financial sector.
Teikoku plans to set up a wholly owned venture in India with an initial investment of Rs 40 crore to make auto parts.
Paris-based Societe Beaujon plans a Rs 191 crore investment in an insurance company in India, the ministry said.
The finance ministry said in a statement India's Essar group plans to set up a holding company with foreign equity at a cost of Rs 560 crore and invest in India's booming financial sector.
Teikoku plans to set up a wholly owned venture in India with an initial investment of Rs 40 crore to make auto parts.
Paris-based Societe Beaujon plans a Rs 191 crore investment in an insurance company in India, the ministry said.
