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|April 23, 1998||
FIPB clears Microsoft plan
The Foreign Investment Promotion Board has recommended the clearance of Microsoft's plan to bring $3 million into the country to the industry ministry.
Microsoft plans to bring in the money as additional funds to develop software at its new centre at Hyderabad.
Government sources said Microsoft has plans for more software development centres in India. The company has sought the FIPB's okay
Other proposals cleared include Essar Commvision Pvt Limited, Reynolds, Cuddalore Power Co Ltd and Rameshwar Vaibhav Development Pvt Limited.
-Compiled from the Indian media
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