With the government on a fast-track route to lure foreign investments, FIPB will consider as many as 48 FDI proposals, including that of the HDFC Bank and about a dozen from the pharma sector, at its meeting on 21 October.
Pharma proposals including those of Lupin, Sanofi- Synthelabo and Sun Pharma will come up for consideration in the meeting to be chaired by the Economic Affairs Secretary.
Besides, investment applications of major companies like Holcim, Today Magazines Lifestyle and Montblanc Services will be taken up by the Foreign Investment Promotion Board. The proposals of Punj Lloyd and IdeaForge Technology pertain to FDI in the defence sector, while that of Keppel Puravankara Development is for the real estate space.