<h1>Finance Minister Approves 16 FDI Proposals Worth Rs. 647.47 Crore Across Diverse Sectors, Enhancing Foreign Investment in India.</h1> The Finance Minister approved 16 Foreign Direct Investment (FDI) proposals worth Rs. 647.47 crore, recommended by the Foreign Investment Promotion Board. These proposals span various sectors including commerce, heavy industry, information broadcasting, power, road transport, and economic affairs. Notable approvals include joint ventures for manufacturing hydraulic brake systems and electricity distribution equipment, and the establishment of companies for trading fashion products and nutritional supplements. Additionally, 10 proposals were deferred, 2 were withdrawn, and 1 was advised to pursue the automatic route. These decisions aim to enhance foreign investment across multiple industries in India.