The government has approved 18 Foreign Direct Investment, FDI, proposals worth of 122.79 crore rupees. These include the approval of Pipavav Defence and Offshore Engineering Company to infuse 81.62 crore rupees of foreign capital in the company. The government has, however, deferred a decision on the proposed sale of stake by Essar to Vodafone. According to an official release, a total of 39 FDI proposals were taken up by the Foreign Investment Promotion Board (FIPB), but it put off a decision on 16, rejected four and directed one applicant to approach the Reserve Bank. The FIPB, headed by Economic Affairs Secretary R Gopalan, also approved Air Works India (Engineering) Pvt Ltd's proposal worth 17.17 crore rupees to make downstream investments in aviation companies in India.