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of <h1>Finance Minister Approves 13 FDI Proposals Worth Rs. 393.36 Crore Across Various Sectors Including Telecom and Automobiles.</h1> The Finance Minister approved 13 Foreign Direct Investment (FDI) proposals amounting to Rs. 393.36 crore, as recommended by the Foreign Investment Promotion Board. These proposals span various sectors, including Commerce, Heavy Industry, Telecommunications, and others. Notable approvals include full foreign equity for a chemical company, a joint venture in the automobile sector, and significant telecom infrastructure investment. Some proposals were deferred or rejected, while others were advised to seek post-facto approval from the RBI for past FDI policy violations. Additionally, certain proposals were recommended for consideration by the Project Approval Board due to specific financial arrangements.
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