New Delhi: The meeting of Foreign Investment Promotion Board (FIPB) to consider 31 FDI proposals will be held on December 19.
The meeting was earlier scheduled for Tuesday.
The board will consider FDI proposals including those of HDFC Bank, Ratnakar Bank and Novartis Healthcare.
FIPB will also take up nine proposals, which were deferred for a decision in its earlier meetings. The nine proposals include -- Pureplay Investment Partners (Mauritius), INX Music, ASV Europa Security Private Limited, Halyard Health Inc (US) and Beloor Bayir Biotech.
Proposals of Tevapharm India Pvt, GMU Infosoft Pvt, U Infosoft Pvt Ltd, and Monsoon Capital LLC, US are also among these nine investment plans.
Other investment proposals include that of Lausanne Hospitality Consulting Sa, Switzerland; Sprint Telecom India; Maham Nayyar and Miss Sahar Nayyer, Pakistan; and Symbiotec Pharmalab.
While India allows FDI in most of the sectors through automatic route, FIPB in the Finance Ministry is required in certain sectors like pharmaceutical and defence, considered sensitive for the economy.
The government has taken several steps to boost FDI in the country. It has de-licensed several defence products for private players, besides hiking the FDI cap to 49 percent in the sector.
Railways sector too has been opened to foreign investment and the government intends to hike FDI ceiling in insurance sector to 49 percent from the current 26 percent.
