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<h1>India Approves 16 FDI Proposals Worth Rs. 923.55 Crore Across Multiple Sectors; 14 Deferred, 7 Rejected, 2 Withdrawn.</h1> The Indian government approved 16 Foreign Direct Investment (FDI) proposals totaling approximately Rs. 923.55 crore, based on recommendations from the Foreign Investment Promotion Board. These approvals cover various sectors, including food processing, information broadcasting, shipping, urban development, and more. Notable approvals include Rs. 500 crore for a road transport project in Andhra Pradesh and Rs. 400 crore for pre-IPO placement by a finance company. Additionally, 14 proposals were deferred, seven were rejected, and two were withdrawn. One proposal, involving Rs. 1,425 crore for refinery equipment, was recommended for further consideration.