Government Clears Rs 607-Crore FDI Proposals

New Delhi: The government has approved 10 foreign investment proposals involving an inflow of Rs 607 crore, including one by Alstom Manufacturing India. Alstom Manufacturing India Ltd had sought approval to hold equity and arrange finance for its downstream investment firm Electric Locomotive Company to be set up in Madhepura (Bihar), the Finance Ministry said in a statement on Monday. "Based on the recommendations of Foreign Inves...