<h1>India Approves Rs. 97.85 Crore FDI: Pharma Boost in Karnataka, Irish Joint Venture at Mumbai Airport Secured.</h1> The Government of India has approved two foreign direct investment (FDI) proposals totaling Rs. 97.85 crore. The first approval is for a Karnataka-based pharmaceutical company to receive Rs. 95 crore through additional foreign investment and a previous transfer. The second approval involves an Irish company setting up a joint venture to operate duty-free shops at Mumbai airport, with an investment of Rs. 2.85 crore. A proposal from an Indian housing finance company to increase foreign investment was deferred, while clarification is sought for a joint venture shareholding proposal. Another proposal related to card payment services is on hold.