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Govt has approved 16 FDI proposals worth Rs 4,722 crore

The government has given its approval to 16 foreign investment proposals that includes HDFC Capital and Ageon Religare Life Insurance Company amounting to Rs 4,722 crore.

According to a Finance Ministry, “The government has approved 16 proposals of foreign direct investment amounting to Rs 4,722 crore.”

It however rejected 8 proposals that includes of Cipla Health Limited and Apollo Hospitals Enterprise Limited.

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