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New Delhi April 30 Secunderabad-based Patil Rail Infrastructure Private Ltd's proposal to induct foreign equity up to 49 per cent involving foreign direct investment of Rs 240.75 crore was among the various FDI proposals cleared by the Government today.

A total of 23 FDI proposals, involving a total investment of Rs 351.41 crore, was okayed by the Finance Minister, Mr P. Chidambaram.The Bangalore-based Cable & Wireless Networks India Private Ltd's plan to induct foreign equity up to 74 per cent has also received the green signal.The Hyderabad-based Zolon Tech Private Ltd's plan to bring in FDI amounting to Rs 19.96 crore, by induction of foreign equity by issuing shares on repatriation basis consequent to amalgamation of Zolon Tech Solutions Inc with Zolon Tech, too has been cleared by the Minister.

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