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FM to consider FDI proposal of Vodafone, Dish TV

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Bapun Raz

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NEW DELHI: The government will take up 55
proposals for foreign direct investments (FDI),
including that of Dish TV, Vodafone Essar and BNP
Paribas, next week. The Foreign Investment Promotion Board (FIPB),
headed by Department of Economic Affairs
Secretary R Gopalan, was earlier scheduled to meet
on Friday, but the meeting has been postponed to
July 6. In the telecom sector, FIPB will consider
applications for FDI by Vodafone Essar, Cordia
International Corp, USA, Essar Capital Holdings
(India), Mumbai, besides others. In the information and broadcasting segment,
there are eight FDI proposals including that of Dish
TV India and Walt Disney Company India. Request of Paris based BNP Paribas, decision on
which was deferred in the meeting of FIPB held on
May 20, is also on the Board's agenda. In the last meeting, the Board had cleared 16 FDI
proposals amounting to Rs 923.55 crore, including
those of Star News Broadcasting Ltd and L&T
Finance Holdings. Although India has been liberalising its FDI policy,
the inflows slowed in the first four months of 2011.
The inflows were Rs 29,189 crore, down about 10
per cent from Rs 32,535 crore in the same period
last year. FDI inflows since April 2,000 have totalled Rs
5,94,569 crore (USD 132.83 billion).




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