Inter-ministerial body Foreign Investment Promotion Board (FIPB) on Friday cleared six foreign investment proposals, including that of IIFl Holdings, and Sharekhan worth about Rs1,900 crore. “One proposal of Volkswagen Finance Pvt ltd was rejected as there were some policy issues,” sources said.
The FIPB, headed by Economic Affairs Secretary Shaktikanta Das, took up seven proposals. Among others, proposals of Monsoon Capital llC, SeQuent Scientific ltd, Agile Electric Sub Assembly and Serap India were also approved.
