A proposal by EI Dupont to bring in Rs 100 crore for its wholly-owned subsidiary manufacturing nylon industrial yarn and tyre cord was given the go ahead by the board, FIPB sources said here.

The infusion of Rs 100 crore would increase the Indian subsidiary's existing equity capital of 35 million dollars. The board 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 based company.

Indal Electronics, which has interests in the development of software for telecom, instrumentation, computers and automation, will have a software export worth US $9 million annually as per the proposal. Other proposals cleared in electronics include those of Benley Nevada for manufacturing andassemblying of electronic software and hardware, optimum networks, Fischer System and Geo Logic under Software Technology Park.