New Delhi: India has approved 12 foreign direct investment proposals worth Rs 1415 crore ($306 million), including those of a unit of Goldman Sachs and the International Finance Corp, the finance ministry said.
The Mauritius-based subsidiary of Goldman Sachs will invest Rs 34.19 crore to set up of a bond-dealing subsidiary in India, the ministry said in a statement on Wednesday.
International Finance Corp, the private lending arm of the World Bank and United Guarantee Corp of United States, are to invest Rs 570 crore in a joint venture with India's National Housing Bank, it said.
The government also approved a Rs 552 crore foreign investment in unlisted Indian cable maker Polycab Wires, the statement added but gave no details.
In February, Europe's largest cable maker Nexans of France announced a tie up with Polycab Wires to make rubber cables in India.