<p>“Based on the recommendations of the Foreign Investment Promotion Board (FIPB)... the government has approved 13 proposals of FDI amounting to Rs 393.62 crore,” an official statement said on Tuesday.<br /><br />Besides other projects, the government cleared the proposal of Essel Group-promoted Dish TV India aimed at bringing in foreign inflows of Rs 243.40 crore.<br />Sterlite Technologies’ Rs 103.95 crore proposal to issue and allot warrants on preferential basis has also been granted.<br /><br />TM International Logistics of Kolkata is likely to bring in foreign funds of Rs 40 crore to issue shares against consideration other than cash.<br />The government has rejected two proposals including that of ICICI Investment Management Company, which plans to make investment by a foreign fund company into an Indian fund company. <br /><br />It also rejected proposal of LGT Venture Philanthropy Foundation of Zurich, which sought approval for relaxation in fulfillment of the condition of minimum capitalization norm.</p>
<p>“Based on the recommendations of the Foreign Investment Promotion Board (FIPB)... the government has approved 13 proposals of FDI amounting to Rs 393.62 crore,” an official statement said on Tuesday.<br /><br />Besides other projects, the government cleared the proposal of Essel Group-promoted Dish TV India aimed at bringing in foreign inflows of Rs 243.40 crore.<br />Sterlite Technologies’ Rs 103.95 crore proposal to issue and allot warrants on preferential basis has also been granted.<br /><br />TM International Logistics of Kolkata is likely to bring in foreign funds of Rs 40 crore to issue shares against consideration other than cash.<br />The government has rejected two proposals including that of ICICI Investment Management Company, which plans to make investment by a foreign fund company into an Indian fund company. <br /><br />It also rejected proposal of LGT Venture Philanthropy Foundation of Zurich, which sought approval for relaxation in fulfillment of the condition of minimum capitalization norm.</p>