Indian government, based on recommendations of the Foreign Investment Promotion Board (FIPB), (comma needed) cleared 22 foreign direct investment proposals totaling to about Rs.541.25 crore.

The proposals relate to departments, namely, Chemical & Petrochemicals, Commerce, Economic Affairs, Industrial Policy & Promotion, Information & Broadcasting, Power, Urban Development, Information Technology, and Telecommunication.

The approved proposals include Rs.157.47 crore plan of Electrosteel Castings and Rs.237.26 crore plan of Tikona Digital Networks.

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