<h1>Government Approves Six FDI Proposals; Defers Eight, Rejects Three; Includes Pharma, Telecom Sectors; FIPB Recommendations.</h1> The government has approved six foreign direct investment (FDI) proposals based on recommendations from the Foreign Investment Promotion Board. These include acquisitions and investments in the pharmaceutical and telecom sectors, such as Sanofi-Synthelabo acquiring a consumer health care business and Idea Cellular Infrastructure Services increasing foreign investment to 67.5%. Additionally, eight proposals have been deferred, including significant acquisitions in the pharmaceutical and telecom sectors, while three proposals were rejected, involving pre-incorporation expenses and investment structures. Two proposals were deemed outside the FIPB's purview, relating to share sales and entry into defense production.