SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Govt clears 25 FDI proposals worth Rs 2,973.40 crore

29 May 2012 Evaluate

Government has cleared 25 foreign direct investment (FDI) proposals worth Rs 2,973.40 crore. These include AIF III of Mauritius and Microqual Techno of Mumbai. The investments have been cleared after they were recommended by the Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary R Gopalan.

AIF III Sub Pvt Ltd proposes to bring in FDI worth Rs 1,000 crore by inducting foreign investment in the units of a Fund constituted as a Trust. Microqual Techno on the other hand,  plans to carry out business of wireless telecommunications. The proposals are worth Rs 1000 crore and Rs 522.90 crore respectively.

Another proposal by Mauritius based Mozart for infusion of foreign investment in an existing company in the pharmaceuticals sector (brownfield investments) has also been approved. The company has proposed to bring in investment worth Rs 300 crore.

Sun Pharma Research Company's proposal to carry out the development of new proprietary drugs through infusion of foreign equity by way of issue of partly paid up shares, too has been cleared.

Other proposals which have been approved includes, Genworth Financial Mortgage Guaranty India worth Rs 124 crore, Plethico Pharmaceuticals, Mumbai  worth Rs 500 crore and Kintetsu World Express (India), Karnataka  worth Rs 267.69 crore. While the proposals which got rejected were, Budenheim India, New Delhi; Hey House Publishers (I) and Growing Opportunity Finance (India), Chennai. The proposals on which decisions were deferred include Fabindia Overseas, Paragon Asset Reconstruction, Tara Aerospace Systems and Netmagic Solutions.

In its last meeting held earlier this month the board had rejected eight proposals and deferred decision on 13 applications. India allows FDI in most of the sectors through automatic route, but approval of FIPB is required in certain sensitive sectors, like defence and telecom.

 

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×