Mauritius-routed FDI to create 30,000 jobs.
Twin Star Overseas Ltd from Mauritius has received formal cabinet approval to invest Rs.9,000 crore through a combination of equity, compulsorily convertible debentures, compulsorily convertible preference shares and other Foreign Direct Investment (FDl) compliant instruments.
It for undertaking downstream investment in Twin Star Display Technologies Ltd and other Indian operating companies engaged in activities eligible for receiving FDl on the automatic route.
The investment, to be made by March 2025, will provide direct and indirect employment to over 30,000 people. fii-news.com
