The foreign investment promotion board at its meeting on April 5 will take up 16 FDI proposals, including that of Cholamandalam MS General Insurance Co and Indian Rotorcraft in defence sector. FIPB, chaired by the Economic Affairs Secretary, will also consider the proposal of Gulf Quarry General Trading FZC which has sought approval for investment in an Indian company that is yet to be incorporated. It plans to establish a new factory in Amritsar for crushing of gypsum rocks to make gypsum powder and boards.