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BW Businessworld

Govt Approves Walt Disney's $180 Mn FDI Proposal

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India has approved Walt Disney's plans to invest Rs 10 billion in the country including in the broadcasting companies, a government statement said on 23 august' 2012.

The approval is a part of the 10 foreign direct investment proposals worth Rs 12.6 billion that India's Finance Minister P Chidambaram cleared on the recommendation of Foreign Investment Promotion Board.