India has approved 32 foreign investment proposals valued at 8.5 billion rupees ($172 million), including that of billionaire Carl Icahn-controlled Federal-Mogul, the finance ministry said on Wednesday.
Foreign direct investment in India in the six months to September grew 137 percent to $17.21 billion, led by inflows into services, construction, real estate, and computer hardware and software firms.
India has said it will meet a target to attract $35 billion of foreign direct investment in the year to March, and officials say there is no evidence to indicate a slowing of inflows as analysts have predicted.
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