Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
(Foreign Collaboration Division)
***
Udyog Bhawan, New Delhi-110011
Dated, the 1st December, 2000
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board (FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 106 cases of Foreign Direct Investment of about Rs. 526.00 crore. The proposals cover various sectors like agriculture, bio-technology, machine tools, software development, Internet related services, tourism, textiles, software development, consultancy, telecommunications, food processing, pharmaceuticals, insurance, automobiles, power generation, NBFC activities, air transport services, engineering services and container terminal. A list of proposals cleared is enclosed.
(M.S. SRINIVASAN)
Joint Secretary to the Government of India.
FIPB MEETING HELD ON 23rd ,30th October & 6th, 13th & 20th November, 2000
| Sl. No. |
Name of the company & Regn. No. | Activity | Percentage of FDI/NRI investment | Amount of FDI/NRI inflow (Rs. In crore) |
|
| 01. | M/s.Haw Par Medicals (India) Pvt Ltd | Production and distribution of pharmaceutical products such as tiger balm | Amendment in the existing FC approval | No fresh inflow involved | |
| 02. | M/s.Bharti Global Ltd | Mfr and mktg. of empty hard gelatine capsules | Increase in foreign equity from 49% to 100% | 5.46 | |
| 03. | M/s. Max India Ltd | Life insurance business in the linked and non-linked categories | 26% | 27.30 | |
| 04. | M/s. Lastra Niraj Pvt Ltd | Mfr. of offset pre-sensitized plates for printing purposes | 51% | 5.75 | |
| 05. | M/s. Tudor India Ltd | Mfr. Of automotive batteries | Increase from 74.8% to 83.63% | 17.50(No physical inflow) | |
| 06. | M/s.KJS India Pvt Ltd | establishment of ventures in the area of agro based food processing | Amendment in the existing FC approval | No fresh inflow involved | |
| 07. | M/s.Fleetguard Filters Ltd | Filters and filter components | Amendment in the existing FC approval | No fresh inflow involved | |
| 08. | M/s. KOMET Prazisionswerkzeuge Robert Breuning GmbH | Mfr.of precision cutting tools. | 100% | 7.00 | |
| 09. | M/s.Seranova India Pvt Ltd | telecom services including Internet services | Amendment in the existing FC approval | No fresh inflow involved | |
| 10. | M/s. M.M. Imagine Technologies Pvt Ltd | Development of computer software | Amendment in the existing approval | No fresh inflow involved | |
| 11. | M/s. Cargo exchange.Net (India) Pvt Ltd | Providing Internet base forum | 100% | 0.10 | |
| 12. | M/s. Sterling Culturally Diversified Services Inc., USA | Human resource consulting, executive research, software development and export of Indian goods | 100% | 0.12 | ||||||||||
| 13. | M/s. Yahoo Web Service India Pvt Ltd | Providing web space for banner advertising | 100% | 0.62(no physical inflow) | ||||||||||
| 14. | M/s. Unwiredsoft India Pvt Ltd | Software development | 100% | 0.05 | ||||||||||
| 15. | M/s. Melstar Information Technologies Ltd | Software supply | 11.06% | 23.45(physical inflow is only approx. 6.00 only) |
||||||||||
| 16. | M/s. AEA Technology Plc., England | Mktg. And sales of products of AEAT and services | 100% | 0.23 | ||||||||||
| 17. | M/s. Serviont Global Solutions Ltd | Information Technology and Software development | NRI /Equity 3.3% | 0.0275 | ||||||||||
| 18. | M/s. Mrdoit IT Services Pvt Ltd | Information technology and software development | NRI equity 100% | 0.05 | ||||||||||
| 19. | M/s. Selco International Ltd | Power Generation | 40% | 6.80 | ||||||||||
| 20. | M/s.Dodson Lindblom Hydro Power | Developing hydro power projects | Amendment in the existing FC approval | No fresh inflow involved | ||||||||||
| 21. | M/s.Hinduja National Power Corporation Ltd | To set up a Power plant | amendment in the existing FC approval | No fresh inflow involved | ||||||||||
| 22. | M/s. Caterpillar Power Ventures International (Mauritius) Ltd | Generation and transmission of electric energy | 49% | 7.00 | ||||||||||
| 23. | M/s.Bharti Cellular Ltd | Cellular mobile telecom services | Amendment in the existing FC approval | No fresh inflow involved | ||||||||||
| 24. | M/s. Speed India.com Holdings Pvt Ltd | Portals and investing in Internet related projects | 49% | 17.28 | ||||||||||
| 25. | M/s. Gujarat JHM Hotels | Setting up of 4-star hotel |
Increase from 46.92% to 85.40% | 2.56 | ||||||||||
| 26 | M/s.Johnson Matthey Ceramic (I)Ltd | production of Zircon Opacifier | Amendment in the existing FC approval | No fresh inflow is involved | ||||||||||
| 27. | M/s.Carbon & Rotary Components Pvt Ltd | slipperings, carbon brushes | Increase in foreign equity from 50% to 70% | 0.44 | ||||||||||
| 28. | M/s.Control Techniques India Pvt Ltd | Static converters, Board Panels | Amendment in the existing FC approval | No fresh inflow is involved | ||||||||||
| 29. | M/s.Ormed Medical Technology Ltd | Orthopaedic appliances | Increase in foreign equity from 70% to 100% | 0.69 | ||||||||||
| 30. | M/s.Indswep Energy Systems Pvt Ltd | Plate heat exchanger | Increase in foreign equity from 90% to 100% | 0.06 | ||||||||||
| 31. | M/s.RGK Controls & Components Pvt Ltd | Electrical and electrical switches | Increase in foreign equity from 51% to 100% | 3.57 | ||||||||||
| 32. | M/s.Sigma Marine and Protective Coatings India(P)Ltd | all types of paints and coatings etc. | Increase in foreign equity from 70% to 100% | 0.03 (?) | ||||||||||
| 33. | M/s.More Group India Pvt Ltd | introduction of new concept of street furniture | Increase in equity from 85.44% to 94.45% | 6.70 | ||||||||||
| 34. | M/s. Williams Plc., UK | Mfr. and sell of Security equipment such as vaults, vault door, safe deposit lockers etc. | Increase in equity from 53.84% to 100% | 39.04 (Including premium) |
||||||||||
| 35. | M/s. Munoth Financial Services Ltd | NBFC activities | 28.56% | 20 | ||||||||||
| 36. | M/s. Jumpstartup Venture Fund 1, LLC, Mauritius | Offering retail customers of finance products such as home loans, car loans, etc. | 10.88% | 0.3 | ||||||||||
| 37. | M/s. Lucas TVS Ltd | Mfr. Of automotive electrical equipments/items | Amendment in the existing FC approval | No fresh inflow is involved | ||||||||||
| 38. | M/s. Whitaker Publishers India Pvt Ltd | Printing and publication of books on various subjects | 100% | 8.6 | ||||||||||
| 39. | M/s. Hewlett - Packard Europe BV | sale and services of testing and measurement equipment, electronic components etc. | Amendment in the existing FC approval | No fresh inflow is involved | ||||||||||
| 40. | M/s. RDI Print & Publishing Ltd | Publishing of Reader’s Digest Magazine in India | Amendment in the existing FC approval | No fresh inflow involved | ||||||||||
| 41. | M/s. DTS Information Systems (Pvt) Ltd | Development of computer software | Increase in foreign equity from 99% to 100% | 0.15 | ||||||||||
| 42. | M/s. e-Wonders.com Pvt Ltd | Development of computer software | Increase in foreign equity from 98.66% to 99% | 0.59 | ||||||||||
| 43. | Mr. Manish Arora | Mfr. Of cricket bats | 70% | 0.14 | ||||||||||
| 44. | M/s. Smart Convenience Card.com Pvt Ltd | providing a secure anonymous and convenient payment for internet transactions | 26% | 4.6 | ||||||||||
| 45. | M/s. Mod Apparels Pvt Ltd | Setting up of Pizza restaurants | 100% | 2.62 | ||||||||||
| 46 | M/s.GNB Technologies(India) Pvt Ltd /Pacific Dunlop Holdings (Singapore) Pte Ltd | Mfr. and Mktg. of value regulated lead acid batteries and parts thereof | Amendment in the existing FC approval | No fresh inflow involved | ||||||||||
| 47 | M/s. Auma India Ltd | Mfr. Of Valve Actuators and Valve operators | Increase in foreign equity from 64.98% to 100% | 0.14 | ||||||||||
| 48 | M/s. MBL Research & Consultancy Group Ltd | Market Research and consultancy | Increase in foreign equity from 87.45% to 100% | 0.025 | ||||||||||
| 49 | M/s. UPS Logistics Group Investments, Inc., USA | Business development, sales, marketing, information technology finance, operations management of logistics related activities etc. | 60% | 9.2 | ||||||||||
| 50. | M/s. Widex ApS, Denmark | Mfr, design, undertaking quality management, services and trading of products in the field of high quality digital hearing aid etc. | 80% | 1.24 | ||||||||||
| 51. | M/s. Unifrax Limited | Mfr ceramic fibre | Increase in foreign equity from 58.91 to 74.23% | 0.3 | ||||||||||
| 52. | M/s. Varun Finance Pvt Ltd | Ceramic tiles | Increase from 16.04% to 28.24% | 2 | ||||||||||
| 53. | M/s. Italia Glass Pvt Ltd | Marketing of Glass mosaics | 33% | 0.19 | ||||||||||
| 54. | M/s.Tata Home finance Ltd | housing finance and related activities | 30% | 17.32 | ||||||||||
| 55. | M/s. Pfizer Corporation | Explore sourcing and export from Indian bulk drugs and formulations | Amendment in the existing FC approval | No fresh inflow involved | ||||||||||
| 56. | M/s.Globo Coim BV | To undertake Mfr, sale and trade in products used in the mfr of shoe soles etc. | Expansion of activities | No fresh inflow involved | ||||||||||
| 57. | M/s. Metro Cash & Carry GmbH., Germany | To establish state of the art cash and carry complexes for food and non food products | 100% | 138 | ||||||||||
| 58. | M/s. Citicorp Overseas Software Ltd | Software development | 100% | 2 | ||||||||||
| 59. | M/s. Marutinandan Tatech Agro Plantations Ltd | Dehydrated vegetables | 50% | 0.61 | ||||||||||
| 60. | M/s.Asia Online(India)Pvt Ltd | To develop IT related services through the medium of the internet | Expansion of activities | No fresh inflow involved | ||||
| 61. | M/s. Minnal Communications India Pvt Ltd | Providing software for television and movies | 100% | 2 | ||||
| 62. | M/s. John Brown Technologies (I) Pvt Ltd | Integrated and quality engineering services to various public and private sector industries | 20% | 1.95 | ||||
| 63. | M/s.Fugro Geomics (P) Ltd | Offshore/Near-shore surveys, GIS and mapping services, land surveys and systems engineering | Increase in foreign equity from 51% to 74% | 0.0064 | ||||
| 64. | M/s. Procurite International Pvt Ltd | Petroleum Jelly | 100% | 0.27 | ||||
| 65. | M/s. Concert Holdco B.V., The Netherlands | Providing support services to licensed telecom service providers etc. | 100% | 4.65 | ||||
| 66. | M/s.SEW Eurodrive India (P) Ltd | After sales service of geared motors and other equipment and setting up of assembly unit for the mfr of selected components etc. | Expansion of activities | No fresh inflow involved | ||||
| 67. | M/s. Star Granites Pvt Ltd | Mfr. Of cut & polished granite monuments, tiles and slabs | Increase in foreign equity from 58.33% to 90% | 1.52 | ||||
| 68. | M/s.Modiluft Ltd | re-launching the airlines | Amendment in the existing FC approval | 1.16 | ||||
| 69. | M/s. Giddings & Lewis India Ltd | Mfr. Of metal cutting including grinding machines | Increase in foreign equity from 76% to 83% by way of conversion of loan into equity | No fresh inflow involved | |||
| 70. | M/s. Waters (India) Ltd | Mfr. Of High performance liquid chromatograph | Amendment in the existing FC approval | No fresh inflow involved | |||
| 71. | M/s.Samcor Glass Ltd | Mfr. Of glass parts/glass shells for Black and white TV picture tube | Amendment in the existing FC approval | No fresh inflow involved | |||
| 72. | M/s.Silicon Automation Systems India Ltd | data processing, software development and computer consultancy services | Acquisition of shares | 11.04 | |||
| 73. | M/s.R. Systems International Ltd | Software development | |||||
| 74. | M/s.Chakkilam Infotech Ltd | Software development | Equity restructuring | 0.75 | |||
| 75. | M/s. E-Comm Solutions Pvt Ltd | Software development | 69.08% | 2.00 | |||
| 76. | M/s.BPB Holding (I) Pvt Ltd | Mfr. And sale of Gypsum Board | Increase in foreign equity from 74% to 79.98% | 3.375 | |||
| 77. | M/s. Astra Microwave Products Ltd | Microwave components for telecommunication equipment | 6.94% | 0.25 | |||
| 78. | M/s. SML Labels (Dong Ying) Pte Ltd, Singapore | Mfr. Of woven labels; printed labels; printed tickets; pvc patches, trims & tapes etc. | 100% | 1.66 | |||
| 79. | M/s. Anteena Builders (P) Ltd | Business of development of resorts and farm houses | 100% | 2.94 | |||
| 80. | M/s.Kaufmann Leather Work Pvt Ltd | Leather goods | Restructuring of equity | No fresh inflow involved | |||
| 81. | M/s.Sinar Mas Pulp & Paper (India) Ltd | Mfr. Of paper board including coated paper | Expansion of activity | No fresh inflow involved |
|||
| 82. | M/s. ABB Holdings (South Asia) Ltd. | mfr. Of actuator pumps | Transfer of equity from Indian company to foreign company | 0.14 | |||
| 83. | M/s. Toshiba Plant Kansetsu Co. Ltd. Japan | To conduct engineering, consulting, designing, construction etc. in the field of power generation transmission and distribution plants | Expansion of activity | No fresh inflow involved | |||
| 84.
|
M/s. Hingrorany Kamal R. | Drafting, engineering design & analysis work for land surveys/civil/structural/environmental engineering | 95% | 0.14 | |||
| 85. | M/s. ECOM Gill Coffee Trading Pvt Ltd | Export of cured coffee beans to the overseas buyers | 90% | 0.45 | |||
| 86. | M/s. Prasha Electronics Ltd | Mfr. Of Precision Sheet Metal Components for electronics and Telecommunication Industries | Amendment in the existing approval | No fresh inflow involved | |||
| 87. | M/s. Spicer India Ltd | Mfr. and propeller shafts, universal joints, other shaft couplings, drive axles with differential, transfer cars | Amendment in the existing FC approval | No fresh inflow involved | |||
| 88. | M/s. MWP Migma Ltd | Mfr. Of transmission shafts, including cam shafts and crank shafts, engine parts and casings read | Increase in foreign equity from 74% to 100% | 3.24 | |||
| 89. | M/s. Nugas Technologies Pty Ltd., Australia | Setting up of a mfg. Unit for fabrication of stainless steel LPG tanks and cylinders | 100% | 1.54 | |||
| 90. | M/s. Alltel Information (I) Pvt Ltd | providing business solutions using information technology through the concept of out-sourcing | Amendment in the existing FC approval | No fresh inflow is involved | |||
| 91. | M/s. Veritas Software India Pvt Ltd | Computer Software Development | Amendment in the existing approval | No fresh inflow involved | |||
| 92. | M/s. Systech Solutions Pvt Ltd | Development of Computer Software | Increase from 97.5% to 100% | ||||
| 93. | M/s. Deccanet Designs Ltd | Software development of supply services related to telecom | Increase in foreign equity from 14.21% to 20.40% | 2.02 | |||
| 94. | M/s. First Carlyle Ventures, Mauritius | IT, Telecommunications, Internet and Software Industry | Transfer of investments | No fresh inflow involved | |||
| 95. | M/s. Wanadu Inter active Inc., | Computer Software Development | 100% | 0.5 | |||
| 96. | M/s. ACC Rio Tinto Exploration Ltd | exploration of minerals including, but not limited to gold, silver, diamonds, bauxite, copper, lead and zinc | Increase in foreign equity from 50% to 56% | 2 | |||
| 97. | M/s. Ascent Hydro Projects | Setting up of Hydro Power Projects | Amendment in the existing FC approval | No fresh inflow involved |
| 98. | M/s. RHW Management Schools Ltd | Establishing of Management School imparting Management education | 33.33% | 0.17 |
| 99. | M/s. LEP International (India) Ltd | International freight forwarding by air and sea to and from India | Increase in foreign equity from 80% to 100% | 0.098 |
| 100. | M/s. Pacific International lines (India) Pvt Ltd | business of shipping, carriers by sea, air and land of goods, passengers etc. | Increase in foreign equity from 51% to 100% | 0.05 |
| 101. | M/s. Chennai Container Terminal Ltd | Development, maintenance and operation of a container terminal | 77% | 100.10 (physical inflow is only Rs. 97.50 cr.) |
| 102. | M/s. British Health Products India Ltd | Health food/processed food | Transfer of foreign equity into NRI | No fresh inflow involved |
| 103. | M/s. Hilti India Pvt Ltd | Service, market and transfer engineering know-how in construction industry, airports etc. | Amendment in the existing FC approval | No fresh inflow involved |
| 104. | M/s. FI Group Plc. | Software development and export | Amendment in the existing FC approval | No fresh inflow is involved |
| 105. | M/s. U.D.I. Mauritius Ltd | mfr. Filters and filtration systems for fuel, oil and air | Increase in foreign equity from 76% to 100% | 0.48 |
| 106. | M/s. Hydra India Flex Pvt Ltd | Mfr flexible metal hoses, metal billows and expansion joints | Increase in foreign equity from 50% to 100% | 1.75 |