World’s leading bullion brand PAMP will set up duty-free gold shop at the Indira Gandhi International Airport here. The government cleared the proposal of PAMP Gold LLC, Dubai for 100 per cent foreign direct investment (FDI) for setting up the duty-free shop of gold and silver metals at the airport. The proposal was approved after the same was cleared by the Foreign Investment Promotion Board (FIPB), the Finance Ministry said.
In all, the government gave its approval to 22 FDI proposals worth Rs 3,248.83 crore. Innisfree Cosmetics India too has got approval to undertake single brand retail trading of Innisfree products. Innisfree is a Korean naturalism cosmetic brand. KSK Energy Ventures Ltd, with 74.94 per cent foreign equity and engaged in the business of investing company, has been given permission to issue and allot warrants to foreign promoters. The proposal entails investment of Rs 1,050 crore.
In all, the government gave its approval to 22 FDI proposals worth Rs 3,248.83 crore. Innisfree Cosmetics India too has got approval to undertake single brand retail trading of Innisfree products. Innisfree is a Korean naturalism cosmetic brand. KSK Energy Ventures Ltd, with 74.94 per cent foreign equity and engaged in the business of investing company, has been given permission to issue and allot warrants to foreign promoters. The proposal entails investment of Rs 1,050 crore.