The government has approved ten Foreign Direct Investment,FDI proposals amounting to nearly Rs 607 crore. According to the Finance Ministry, the decision was taken on the basis of the recommendation of Foreign Investment Promotion Board. Of them, the highest Rs 400 crore FDI proposal of Alstom Manufacturing India Limited was cleared. <br/><br/>The company had sought approval to hold equity and arrange finance for its downstream investment firm Electric Locomotive Company to be set up at Madhepura in Bihar. Besides, over Rs 145 crore proposal of Cipla company has also been approved.