Financial Daily from THE HINDU group of publications
Friday, Apr 22, 2005
Financial Daily from THE HINDU group of publications Friday, Apr 22, 2005 |
|
|
|
|
|
Government
-
Policy Corporate - Alliances & Joint Ventures Suzuki's proposal for new jt venture with Maruti gets Govt clearance Our Bureau
New Delhi , April 21 THE Government on Thursday cleared Suzuki Motor's proposal for setting up a new joint venture with Maruti Udyog Ltd for manufacture and sale of some of its four-wheelers with a 30 per cent foreign equity participation amounting to Rs 12 crore. The proposal from Italy-based Guarniflon to set up a wholly owned subsidiary for undertaking research and development activities with an investment of Rs 68.70 crore has also been cleared. A total of 25 foreign direct investment proposals worth Rs 145.12 crore have been approved by the Finance Minister, Mr P. Chidambaram. Citicorp International Finance Corporation's proposal to increase non-resident equity in Elder Pharmaceuticals Ltd, from the existing 19.01 per cent to 29.7 per cent involving FDI worth Rs 32.29 crore, has been approved. The US-based Nikken Global Inc's proposal to open a wholly owned subsidiary in India with an investment worth Rs 8.81 crore has also received the green signal.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|