FIPB clears 15 FDI proposals worth ₹7,262 crore
The government on Monday cleared 15 Foreign Direct Investment (FDI) proposals totalling to ₹7,261.6 crore, based on recommendations from government body Foreign Investment Promotion Board (FIPB). Japanese insurer Nippon Life Insurance, Tata AIA, Aviva Life and Birla Sun Life were among the companies that got an approval. The FIPB can approve FDI proposals of up to ₹5,000 crore.