facebook-page-view
Advertisement

Govt Approves Mitsui, Diageo Investment Plans

By Reuters

  • 30 Dec 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.

Advertisement

Share article on

Advertisement
Advertisement