The government has approved 10 proposal of Foreign Direc Invesment-FDI amounting to over 1250 crore rupees. According to an official release, the decison to this effect was taken on the basis of the Foreign Investment Promotion Board-FIPB.

The proposals which have been cleared include entertainment major Walt Disney's FDI proposal of 1,000 crore rupees to expand its operations in India. Of the 16 proposals on which FIPB deferred its decision, half of them were related to pharmaceuticals and medical sector. The release also said that four proposals were also rejected by the FIPB.