Approval of Proposal of M/s. Alstom Power Holdings SA, France, M/s. Alstom Technology Ltd., Switzerland and Alstom SA, France to establish two Joint Venture companies in India with M/s. Bharat Forge Limited and / or its affiliate companies
The Cabinet Committee on Economic Affairs today gave its approval to the proposal of M/s. Alstom Power Holdings SA, France, M/s. Alstom Technology Ltd., Switzerland and Alstom SA, France as recommended by FIPB. The proposal is to establish two Joint Venture companies in India with M/s. Bharat Forge Limited and / or its affiliate companies and to invest Euro 70.5 million (Rs.490 crore approximately) for manufacture of state-of-art super critical and sub-critical power plant equipment in India directly and / or through their respective associate entities
The approval would result in FDI amounting to Euro 70.5 million (Rs. 490 crore approximately) in the country.
The Cabinet Committee on Economic Affairs today gave its approval to the proposal of M/s. Alstom Power Holdings SA, France, M/s. Alstom Technology Ltd., Switzerland and Alstom SA, France as recommended by FIPB. The proposal is to establish two Joint Venture companies in India with M/s. Bharat Forge Limited and / or its affiliate companies and to invest Euro 70.5 million (Rs.490 crore approximately) for manufacture of state-of-art super critical and sub-critical power plant equipment in India directly and / or through their respective associate entities
The approval would result in FDI amounting to Euro 70.5 million (Rs. 490 crore approximately) in the country.
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