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BW Businessworld

Govt Approves $433.5 Mln FDI Proposals

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India approved 21 foreign direct investment proposals totalling Rs 24.10 billion, including US drugmaker Pfizer's plan to invest in an operating company, a government statement said on 11 September' 2012.
Finance Minister P. Chidambaram approved the proposals on the recommendation of the Foreign Investment Board, which included approval for eight pharmaceutical companies as well.