Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 239th meeting held on 30th August 2016, the Government of India has approved the following three FDI proposals:
| Name of the applicant | Gist of the proposal | Sector |
| Dr. Willmar Schwabe lndia Pvt Ltd | Approval has been sought for the following additional activities: i. To commence manufacturing and distribution of dietary supplement products and nutraceuticals manufactured in India by way of retail sale and/or wholesale; ii. Distribution of dietary supplement products, nutraceuticals imported by the company by way of wholesale distribution; and iii. To Set up health care center and provide health care services |
Pharma |
| M/s SAET India Pvt. Ltd | Approval has been sought to transfer of shares from a non-resident to another non-resident for INR 732.6 per share. | Investing Company |
| M/s Bugworks Research India Private Limited | approval for transfer of equity shares from existing resident shareholders to M/s Bugworks Research Inc, USA (‘Bugworks Research Inc’) aggregating to shareholding of 99.99% of the paid up equity share capital of Bugworks India. | Pharma |