The Board, headed by Economic Affairs Secretary Arvind Mayaram, also cleared the Rs. 962 crore proposal of Vijay Television for acquisition by foreign promoters.
It also approved Korea Western Power Co's proposal to invest in an Indian company to the tune of Rs. 270 crore.
Besides the proposals of Darjeeling Organic Tea Estates' to increase foreign equity participation worth Rs. 105 crore and Bangalore-based BTI Payments Pvt Ltd's to set up White Label ATM with FDI worth Rs. 108.50 crore was also cleared.
The Board kept the proposal of Punj Lloyd in abeyance on the grounds of security clearance.
The meeting also deferred eight proposals, while not taking a view on two proposals - US-based Jawahar Palaniappan and Kolkata-based Akzo Nobel - saying they are not within the purview of FIPB.
The proposals which were deferred include those of Sterlite Networks Ltd to reduce quantum of FDI, IL&FS Securities Services for merger of an Indian company with another company.
The other proposals which were cleared by the FIPB include that of ABG Container handling, Belgium-based Celio International and pharma firms Mylan Laboratories and Terumo Mauritius Holding Ltd.