Indian Economic Snapshot for Today

The Government has approved eleven proposals of foreign direct investment (FDI) amounting to Rs. 1075.91 crore. In addition, two proposals relating to Aurobindo Pharma Limited, Hyderabad and Glenmark Pharmaceuticals Limited, Mumbai have been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA).
The eleven proposals approved include that of Solar Arise India projects Pvt Ltd involving FDI of Rs.216.01 crore, SeQuent Scientific Ltd, Mumbai involving FDI of upto Rs. 400 crore and proposal of BLP Wind Assets Holding Pvt Ltd involving an amount of Rs. 371 crore.
The Government of India is working on reviving the low cost drug store model Jan Aushadhi and plans are to source drugs from the small and medium pharma manufacturers for the proposed 3,000 stores.

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Pinnacle Finance