The government on Wednesday said it has approved 19 foreign direct investment plans worth Rs 1,358 crore, including Shriram Capital’s Rs 1,180 crore proposal.

The government deferred a decision on 21 proposals, including that of Essar Capital Holdings (India), and rejected nine others.

“Based on the recommendations of Foreign Investment Promotion Board (FIPB)…(the) Government has approved 19 proposals of foreign direct investment amounting to Rs 1358.0726 crore,” an official statement said on Wednesday.

Besides, the government has recommended 3 proposals — Hero Investments Private Limited, Reckitt Benckiser Plc and GMR Airports Holding Ltd– for consideration of the Cabinet Committee on Economic Affairs as the investment involved in each of the three proposals was over Rs 1,200 crore.

Shriram Capital wants to induct foreign equity in an investing company through its Rs 1,180 crore proposal.

The government also approved Rs 45.47 crore proposal of Reliance Broadcast Network, which seeks to induct foreign investment by FIIs, NRIs, among others, up to the limit of 20 per cent of the capital of the company.

The company is engaged in FM Radio Broadcasting.

Besides, a proposal of INX Media of Rs 55 crore was also given nod by the government.