FIPB to consider 14 FDI proposals in April 29 meeting

New Delhi: The Foreign Investment Promotion Board (FIPB) will be considering as many as 14 FDI proposals, including that of Axis Bank and Wockhardt, in its next meeting to be held on April 29, a statement said on Monday.

The meeting to be chaired by FIPB chairman and Economic Affairs Secretary Shaktikanta Das, will also consider proposals of Aurobindo Pharma, One97 Communications, Macmillan Publishers International and Advanced Enzyme Technologies, amongst others.

The inter-ministerial panel will also take up proposals from Fans Asia, DCNS, Rafique Dawood, Janalakshmi Financial Services, etc, a FIPB notice said.

The FDI proposals, which do not fall under the automatic route, need to take approval from the board.

During April-December 2015, FDI increased by 40 percent to $29.44 billion as compared to $21.04 billion during the same period in 2014.