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FIPB has cleared four FDI proposals of Rs 384 crore

Four FDI proposals worth Rs 384 crores has been cleared by the Foreign Investment Promotion Board which also includes that of Pharma firm Lupin.

According to a Finance Ministry Statement, “based on the recommendations of FIPB in its meeting held on October 19, 2015, the Government has approved four proposals of Foreign Direct Investment (FDI) amounting to Rs 384.45 crore.”

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