A proposal by the US-based EI DuPont to bring in Rs 100 crore into its Indian subsidiary which manufactures nylon industrial yarn and tyre cord was approved by FIPB. The infusion would increase the subsidiary's equity capital to $35 million.

The FIPB also permitted takeover of Indal Electronics by Austria Technologie Systemtechnik AG which would acquire 100 per cent equity at a total investment of Rs 54 crore in the Nandangur (Karnataka) based company.

Indal Electronics, which has interests in software development for telecom, instrumentation, computers and automation, will have software exports worth $9 million annually as per the proposal.

Other proposals cleared in electronics include those of Benley Nevada for manufacturing and assembly of electronic software and hardware, Optimum Networks, Fischer system under software technology parkscheme and Minicom for manufacture of personal computers and peripherals. Other proposals included: Hong Kong-based Leighton Asia to set up a company for carrying out designing, engineering and construction activities in the infrastructure sector.

A subsidiary of the largest Australian construction and mining group Leighton, would bring in a foreign investment of Rs 5 crore and will take up projects under build-own-operate-transfer (Boot) and build-own-lease- transfer (Bolt) basis.

The board also cleared a proposal by William Kent International to set up a 100 per cent owned consultancy firm in the country. It will bring in foreign investment around Rs 45 crore.

FIPB deferred two media proposals by two weeks on the request of the information and broadcasting ministry.

The board postponed a decision on proposals relating to Zen Communications and Optima India in line with its earlier decision to put off media proposals on the request of the information and broadcasting ministry.