The foreign direct investment (FDI) proposals, which had been earlier vetted by the Foreign Investment Promotion Board (FIPB), relates to sectors like telecommunication, civil aviation, food processing, broadcasting and commerce, an official release said.
The largest proposal, approved by the government on January 22, was of Wire and Wireless Ltd, which envisages raising of Rs 450 crore by issuing partly paid-up equity shares.
Amritjal Ventures proposal entailing an inflow of Rs 300 crore by converting the operating company into operating-cum-holding company was also cleared by the government.