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Govt Approves Mitsui, Diageo Investment Plans

30 December, 2009

The government has approved investment plans of Japanese firm Mitsui and Britain’s Diageo, the world’s biggest spirits company, the finance ministry said in a statement on Wednesday.

Mitsui plans to set up a wholly-owned subsidiary and a joint-venture firm in India for a total investment of 3.26 billion rupees ($70 million), the statement said.

Diageo plans to double its stake to 100 percent in the Indian venture Diageo Radico Distilleries Pvt Ltd.

 


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Govt Approves Mitsui, Diageo Investment Plans

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