The Union Government, on 10 February 2012, on the recommendations of the FIPB cleared 20 FDI proposals worth Rs 1,034.371 crore.

The proposals include that of Canali and Timex Garment for single brand retailing. Both Canali and Timex Garments have proposed to set up a JV each with 51 and 50 per cent equity participation for venturing into single brand retail. Among the other proposals include the Interactive Brokers' plan to set a commodity broking business. Pharmaceutical Ingredients and Formulation's proposal to make brown-field investment and Amazon Asia Pacific's proposed venture of entering the online market place were also given a go-ahead.

The FIPB deferred 15 proposals which included Ashok Leyland Defence Systems' proposed venture to undertake defence related activities, Heinemann Asia Pacific proposal for setting up duty-free shops at Indian International airports. Among the rejected proposals were UE Trade Corporation, Shriprop Housing and Shriram Properties' proposal to transfer shares by foreign investors.