New Delhi, Sept. 23: The government has approved 13 foreign direct investment proposals worth Rs 393.62 crore, including those of Dish TV India, Sterlite Technologies and Calcutta-based International Logistics.

The approval is based on the recommendations of the Foreign Investment Promotion Board.

Essel group-promoted Dish TV India’s proposal aims to bring in Rs 243.40 crore. Sterlite Technologies’ Rs 103.95-crore proposal to issue and allot warrants on a preferential basis has also been granted.

Calcutta-based TM International Logistics is likely to bring in foreign funds worth Rs 40 crore.

Sistema Shyam Teleservices, General Motors Acceptance Corp, S&S Media (India) Enterprises of Bangalore, Taneja Aerospace, Ramboll Singapore Pte, Kludirak India, Infxq Knowledge Services, L. Occitane Singapore Pte, Strata Geosystems and Devas Multimedia are the other proposals to be cleared.

The two proposals that were rejected include ICICI Investment Management Company’s plan to invest in an Indian fund company through a foreign firm.

The proposal of Zurich’s LGT Venture Philanthropy Foundation, which sought a relaxation of the minimum capitalisation norm, has also been rejected.

Eight proposals, including that of Sahara One Media, ByCell Telecommunication and UTV Software Communication, have been deferred.

Sahara One sought approval for investment by NRIs and FIIs to carry out activities relating to entertainment and motion pictures.