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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (3419)	12/21/1998 9:03:00 PM
From: Sonki	Read Replies (1) \| Respond to of 12475

India's Foreign Investment Promotion Board on Saturday approved 28 > investment proposals worth 4.5 bln rupees ($106 mln), an industry > ministry official said. The panel approved a 3.30 bln rupee proposal > from Kalyani Coke to manufacture coke from coal in the southern Indian > state of Karnataka. US-based Tenaska Energy International will hold a > 65% stake in the venture, while Indian industrial group Kalyani will > hold the rest, the official who asked not to be identified, told > reporters. "We approved six proposals worth 420 mln rupees in the > software sector," the CISCO SYSTEMS proposal to invest > 84 mln rupees was cleared, the official said. He said XEROX CORP had > been permitted to invest 214 mln rupees in a wholly-owned Indian unit. > General Utilities Plc was allowed to invest 140 mln rupees in a > venture which would offer waste water recycling technology and > services to local government bodies. (Reuters 04:44 AM ET 12/19/98) > > 84 mln rupees was cleared, the official said. He said XEROX CORP had > been permitted to invest 214 mln rupees in a wholly-owned Indian unit. > General Utilities Plc was allowed to invest 140 mln rupees in a > venture which would offer waste water recycling technology and > services to local government bo