The government today approved 20 foreign direct investment (FDI) proposals of over Rs 1900 crore.

According to an official release, the proposals were cleared following recommendations of the Foreign Investment Promotion Board, FIPB.

The proposals include Sterlite Grid, Equitas Micro Finance and TV Vision.

The government cleared Sterlite Grid's Rs1150 crore proposal to act as an investment company. Besides, the Board also cleared proposal of Equitas Micro Finance involving foreign investment of Rs 230 crore. TV Vision's proposal to induct foreign investment worth Rs 200 crore by way of issue of equity shares though an IPO for undertaking the business of broadcasting a non-news and current affairs TV channel has also been cleared.
However, decision on 23 proposals was deferred and 10 were rejected.