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India Properties - Real Estate India - Indian Property News Site

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Microchip Technology to invest $ 65 million in India - August 29, 2008

Microchip Technology Inc. will invest heavily in India and it stated that it hopes to create 300 new jobs at its new India Development Centre in Bangalore. The Foreign Direct Investment is worth $65 million. The development centre, inaugurated today, works on integrated-circuit development and marketing, microcontroller development tools and corporate information systems. &8220;Today&8217;s investment demonstrates ...
http://www.indianrealtynews.com/fdi-india/microchip-technology-to-invest-65-million-in-ind...

India to attract $40 billion FDI this fiscal - August 27, 2008

India received $20 billion foreign direct investment (FDI) between January and June in the calendar 2008 and $10 billion in the first quarter of the current fiscal and is all set to attract FDI worth $40 billion this fiscal. The target for the fiscal is set at $35 billion. The inflows in 2007-08 were $25 ...
http://www.indianrealtynews.com/fdi-india/india-to-attract-40-billion-fdi-this-fiscal.html

Citi expects low FDI inflow - August 25, 2008

Leading financial services provider Citi on Monday said the FDI (Foreign Direct Investment) inflow is expected to remain flat during the fiscal. &8220;Despite strong trends, we expect FDI to stay flat in FY&8217;09 at USD 32.2 billion posted last year,&8221; Citigroup Global Markets said in its latest report. Interestingly, the government expects about 25 per ...
http://www.indianrealtynews.com/fdi-india/citi-expects-low-fdi-inflow.html

MPC Synergy to invest in Phoenix Mills - August 25, 2008

MPC Synergy, a German based company will be investing up to EUR 200 million at the SPV level of the Phoenix Mills Group as well as the EWDPL Group. Phoenix Mills holds about 42% stake in Entertainment World Developers, India, engaged in the construction and operation of mixed-use retail centers and townships. It is also ...
http://www.indianrealtynews.com/real-estate-india/mpc-synergy-to-invest-in-phoenix-mills-2...

Daiichi-Ranbaxy FDI plan to be placed before CCEA - August 24, 2008

The Foreign Investment Promotion Board (FIPB) is planning to place Japanese drug maker Daiichis FDI proposal to acquire stake in Ranbaxy before the Cabinet Committee on Economic Affairs (CCEA), as the proposal exceeds Rs 600 crore and hence requires CCEA nod. The proposal is about Daiichi Sankyo acquiring additional 20 per cent stake in Ranbaxy ...
http://www.indianrealtynews.com/fdi-india/daiichi-ranbaxy-fdi-plan-to-be-placed-before-cce...

Flagstone Re to enter Indian Insurance Business - August 15, 2008

New York Stock Exchange listed Flagstone Re, a multinational reinsurer, plans to enter the general insurance business in India, partnering with domestic financial service providers. Flagstone Re was formed in December 2005, after a significant market dislocation and losses in the industry due to the hurricane. It has a wholly-owned subsidiary in India Flagstone ...
http://www.indianrealtynews.com/real-estate-india/flagstone-re-to-enter-indian-insurance-b...

Finance Ministry clears nine FDI Proposals - August 15, 2008

The Finance Ministry gave the green signal to nine foreign direct investment proposals worth approximately INR2.94 billion The proposals included an INR1.48 billion investment by Rio Tinto Singapore Holdings Pte. Ltd. of Singapore for the manufacturing of activated alumina. The ministry also cleared an INR 1 billion investment proposal by J.P. Morgan India Property Mauritius Company ...
http://www.indianrealtynews.com/real-estate-india/finance-ministry-clears-nine-fdi-proposa...

Indorama to Invest in Himachal - August 15, 2008

The Indonesia-based Indorama SPL group is all set to invest 400 crores in Himachal Pradesh. The SP Lohia promoted group has will be setting up a stretch fabric manufacturing unit in Himachal Pradesh, a senior official said Thursday. Functionaries of the group, including its managing director Amit Lohia, met senior officials of the industries department ...
http://www.indianrealtynews.com/real-estate-india/indorama-to-invest-in-himachal.html
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