The Union Cabinet's Committee on Economic Affairs on Thursday approved a proposal for an investment of $52.4 million (Rs.205 crore) in Hindustan Coca-Cola Holdings Private Limited by its parent company to predominantly fund capital expenditure in its subsidiary, Hindustan Coca-Cola Beverages Private Limited. The approval is subject to compliance with the Securities and Exchange Board of India and Reserve Bank of India pricing guidelines and adherence by the company of the RBI's notification of December regarding issue of shares against application money, which the company had proposed to do by March 31. The panel also cleared the implementation of a Rs.229-crore scheme for infrastructure development and a Rs.200-crore scheme for transport assistance by the Agricultural and Processed Food Products Export Development Authority.