Related Keywords: Dubai and other countries, FDI norms, FDI proposal, FIPB, imported finished carpet, Indian market, Maham Nayyar and Sahar Nayyer, Pakistan based firm
A Pakistani based firm had approached the Indian government with a FDI proposal to carry out wholesale trading of imported finished carpets from Dubai and other countries in Indian market. The company proposes to invest over Rs 55 lakhs for the business.
According to sources, the foreign direct investment (FDI) proposal of the Pakistan based company was among one of the 31 FDI proposals considered in the FIPB meeting on December 16 last year and a decision regarding this was deferred in the absence of the security clearance by the Home Ministry.
