<h1>Government Approves 13 FDI Proposals Worth Rs. 1258.53 Crore in Defense, Biotech, Pharma, and More.</h1> The government has approved thirteen Foreign Direct Investment (FDI) proposals totaling approximately Rs. 1258.53 crore, following recommendations from the Foreign Investment Promotion Board (FIPB). These approvals include investments in sectors such as defense, biotechnology, pharmaceuticals, microfinance, and security services. Additionally, a significant proposal from a private bank to increase foreign equity from 49% to 62%, amounting to Rs. 6265.76 crore, has been forwarded to the Cabinet Committee on Economic Affairs for consideration. Several other proposals were deferred, rejected, or advised to access the automatic route or that FIPB approval was unnecessary.