FIPB clears 13 FDI proposals worth ₹6,500 cr
The foreign investment promotion board (FIPB) on Friday cleared 13 foreign direct investment (FDI) proposals worth ₹6,500 crore. The board cleared the proposal of ATC Asia Pacific Pte to acquire a majority stake in Viom Networks involving ₹5,900 crore.\nAlstom Manufacturing India’s proposal worth ₹400 crore and pharma firm Cipla’s proposal of ₹150 crore were also cleared by the FIPB.