The Foreign Investment Promotion Board (FIPB) will take up 34 FDI proposals, including that of Ranbaxy laboratories, Sistema Shyam and AT&T Global, on Tuesday. The other proposals which are before the board include those of Indian Rotocraft, Tech Mahindra, Bharti Shipyard and Johnson and Johnson ltd.
The FIPB, chaired by Economic Affairs Secretary Arvind Mayaram, would meet on May 13 to decide on the proposals, sources said. Of the proposals before the FIPB, Sistema Shyam Teleservices has sought the government approval to raise foreign stake in the firm beyond the current 74 per cent. Russian conglomerate Sistema JSFC holds 56.68 per cent in SSTl, Russian government 17.14 per cent and 0.13 per cent other foreign entities.