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Home » Finance » Foreign Investment Promotion Board (FIPB) clears ACME Solar Energy’s Rs 2.75 billion investment proposal

Foreign Investment Promotion Board (FIPB) clears ACME Solar Energy’s Rs 2.75 billion investment proposal

According to reports, the government on Friday said it has approved eight FDI proposals worth Rs 696 crore, including those of ACME Solar Energy, GETIT Infoservices and McKinsey & Company.

The Foreign Investment Promotion Board (FIPB) cleared the proposal of ACME Solar Energy to bring in foreign investment worth Rs 275 crore, the Finance Ministry said in a statement.

The meeting of the FIPB, headed by Economic Affairs Secretary Arvind Mayaram, was held on April 12. It deferred eight proposals and rejected three.

The other proposals cleared by the board include those of courier company DPD Continental Ltd, Pilot Ventures Media and US-based AWS Truepower.

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