FIPB mulls 9 FDI plans next week

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Inter-ministerial body FIPB will take up 9 foreign investment proposals, including those of insurance companies HDFC Standard life Insurance and Aviva life Insurance Company, on Dec 29. The meeting of the Foreign Investment Promotion Board (FIPB), to be chaired by Economic Affairs Secretary Shaktikanta Das, will also consider proposals of Tata Sikorsky Aerospace ltd, Sharekhan ltd, Quantum Simulators Pvt ltd and SunE Solar BV. Proposals of both HDFC Standard life Insurance and Aviva lIC were earlier deferred as more information was required, sources said.    

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