Government clears three foreign direct investment proposals – Feedback

The government on Wednesday cleared three Foreign Direct Investment (FDI) proposals worth Rs 0.35 crore.

“Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 239th meeting held on 30th August 2016, the Government of India has approved three FDI proposals,” the Ministry of Finance said in a statement. According to the statement, proposals of Dr. Willmar Schwabe India, SAET India and Bugworks Research India were approved. The FIPB in its meeting held on August 30, approved the proposal of Dr. Willmar Schwabe India to commence manufacturing and distribution of dietary supplement products and nutraceuticals manufactured in India by way of retail or wholesale among others.

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