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THE INDIAN MINISTRY of Commerce and Industry approved the New York-based media conglomerateís proposal, which calls for investments by iPlanet E-Commerce Solutions, a joint venture between network-computing giant Sun Microsystems Inc. and Netscape, AOLís portal, Web-browser and software unit. Under the plan, AOL will open a Netscape office in Bangalore and hire dozens of engineers to develop e-commerce services and software targeted at corporate markets. AOL said executives were not available for comment.