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Govt clears Rs 541 crore worth FDI proposals

The government has cleared 22 proposals, including those of Yamaha and Nokia, that will bring in Rs 541.25 crore of foreign direct investment (FDI) into India.

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The government has cleared 22 proposals, including those of Yamaha and Nokia, that will bring in Rs 541.25 crore of foreign direct investment (FDI) into India.

The proposals, cleared on the recommendation of the Foreign Investment Promotion Board (FIPB), include Nokia's plan to set up the first single-brand retail joint venture with HCL Infosystems to sell handsets and accessories that will bring in Rs 25 lakh in the country.

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