India clears FDI proposals worth $19.1 million

Newswire

NEW DELHI, Dec 16 (Reuters) - India has approved a $13.8-million proposal by tyre-maker Bridgestone Corp to help the Japanese company raise its holding in its Indian unit to 100 percent, a government statement said on Monday.

The proposal by Bridgestone, which makes pneumatic rubber tyres, was among 23 foreign direct investment (FDI) applications worth $19.1 million cleared by the Commerce and Industry Ministry.

The government also approved a 150-million-rupee ...

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