Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
(Foreign Collaboration Division)

Udyog Bhawan, New Delhi - 110 011
Dated, the 5th October, 2001.

PRESS RELEASE

On the recommendation of the Foreign Investment Promotion Board (FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 18 proposals of Foreign Direct Investment amounting to around Rs 278.00 Crore. The major investment proposals pertain to providing of Cellular Mobile Telecom Services, manufacture of food processing items, heavy machinery & composite railway brake blocks and NBFC activities. A list of proposals cleared is enclosed.

M.S. SRINIVASAN
Joint Secretary to the Govt. of India

S.No.	Name & Address of the foreign company	Name & Address of the Indian company, if already incorporated	Activity	Location	Percentage of FDI/NRI/OCB investment	Amount of FDI/NRI/ OCB Investment
1	M/s. Takii & Co Ltd, Japan 180, Minami-Ebisu, Inokuma, Umekoji, Shimogyo-ku, Kyoto Japan	M/s. Pahuja Takii Seed Limited, Pahuja Farms, Village Akbarpur, Majra, Delhi-110036	Research and development for new & improved varieties, Hybrid & open pollinated of vegetables seeds	Delhi	51%	1.53
2	M/s. Drew Chemicals Corpn., 500 Diederich Blvd., Ashland, Kentucky 41101-7049, USA	M/s. Drewtreat Chemicals Ltd., Chembond Centre EL-71 Mahape MIDC, Navi Mumbai	Water & Fuel Treatment chemicals	Mumbai	Increase in foreign equity from 42.5% to 45%	0.07
3	M/s. Rainbow Technologies BV, Oliphanteweg 10, 1397 Le Rotterdam Rotterdam 3190, Netherlands	M/s. Rainbow Information Technologies Pvt. Ltd., I-83A, IIIrd Floor, Lajpat Nagar-II, New Delhi-110024	Wholesale trading of hi-tech security product and hardware performance products in India	New Delhi	100%	2.42
4	M/s. Tesa Entry Systems Inc., PO Box 620138, Atlanta, Georgia 30362-2138	Wholly Owned subsidiary ( not indicated)	Import & market on whole sale basis and implement high technology electronic security/locking systems.	New Delhi	100%	0.35
5	M/s. Ansys Inc., Southpointe, 275 Technology Drive, Canonsburg, PA 15317, USA	Wholly Owned Subsidiary (not indicated)	To import, market on whole sale basis and promote sale of software, providing consultancy etc.	New Delhi	100%	0.47
6	M/s. Toshiba Corporation, Japan	Wholly Owned subsidiary (details not indicated)	Software development and consultancy services		Amendment in the existing FC approval	No fresh inflow is involved
7	1) M/s. L.I.D Limited, Diamond Exchange, Noam Bldg. 11^th Floor, 52 Bezalel Street, Ramat Gan 52521, Israel 2) M/s. Millenium Diamond Holdings S.A., 68-70 Boulevard De La, Petrusse, L-3230 Luxembourg	M/s. L.I.D Jewellery (India) Pvt Ltd, Unit No.20, Udyog Bhavan, Sonawala Road, Goregaon(East) Mumbai	Manufacturing plain and studded jewellery	Vishakhapatnam	1%	0.01
8	M/s. DUFF & PHELPS CREDIT RATING COMPANY 55, East Monroe Street, 35^th Floor. Chicago IL 60603 USA	M/s. Fitch Ratings India Private Limited, 214, North Block, Ideal Plaza, 11/1, Sarat Bose Road,Kolkata - 700 020	Credit Rating Services	Calcutta	Increase in foreign equity from 33% to 100%	14.72
9	M/s. Nestle, S.A. Switzerland	Nestle India Limited DLF Centre, Sansad Marg, P.O. Box No. 611, New Delhi -110 001 FAX No. 011-3722756	Sourcing of items like sugar, confectionery, pickle and Chutney from SSI units/COB licensees.	New Delhi	Amendment in the existing FC approval	No fresh inflow is involved
10	M/s. Nutricia International BV, Netherlands	Nutricia (India) Private Limited 5, Tirumal Rao Garden Bangalore - 560046 FAX 91-80-3439069	permission for test marketing of Apharmaceutical@ products	Bangalore	Amendment in the existing FC approval	No fresh inflow is involved
11	M/s. Selviac Nederland BV	M/s. Godrej Pillsbury Pvt. Ltd., Pirojshanagar, Eastern Express Highway, Vikhroli (East), Mumbai	Manufacture of wheat flour/flour, cake desserts/dessert mixes, canned and frozen vegetables	Mumbai	Increase in foreign equity from 56.45% to 100%	22.00
12	Sartogrius Separation Engineering GmbH, Germany	Sartorius Biotech (India) Pvt. Ltd. 10, 3^rd Phase, Peenya, 6^th Main, KIADB Industrial Area Banalore - 560 058	Manufacture of filtration process equipments having application in pharmaceuticals, bio-tech, beverage, chemical and electronics industries	Bangalore, Karnataka.	Increase in foreign equity from 51% to 90%	8.58
13	Veritas Software Global Corporation, USA	Wholly Owned Subsidiary	To provide technical, marketing and after sale support of veritas products, to undertake export of veritas products etc.	Mumbai	Amendment in the existing FC approval	No fresh inflow is involved
14	Barconet, Belgium	Barconet Private Limited Tidel Park, Module # 0305 4 Canal Bank Road,Chennai FAX 2540601	opening a separate legal entity	Chennai	Amendment in the existing FC approval	No fresh inflow is involved
15	Frontier Drilling ASA Statsm, Michelsensv 38-Paradis P.O. Box No. 6076 Postterminalen 5892, Bergen, Norway	Frontier Aban Drilling (I) Pvt. Ltd. Janpriya Crest, 96, Pantheon Road, Egmore, Chennai - 600 008	Offshore oil/gas drilling, production and service	Chennai	33.33%	0.50
16.	KHS Maschinen-und-Anlagenbau AG JuchostraBe 20, D-44143 Dortmund, Germany	KMS Machinery Private Limited 53, Madhuban, Ellisbridge, Ahmedabad - 380 FAX No. 91-79-6421324	Permission for payment of royalty for additional items	Ahmedabad	Amendment in the existing FC approval	No fresh inflow is involved
17.	Futuris Industrial Products Pty. Ltd. 6, Wenban Street, Wetherill Park, New South Wales 2164 Australia	Pioneer Friction Limited 16, Taratalla Raod, Calcutta FAX No. 4784886	Manufacture asbestos free composite railway brake blocks	Calcutta	Increase in foreign equity from 51% to 100%	7.79
18	M/s Al-Amin Investments Ltd, Les Cascades, Edith Cavell Street, Port Louis, Mauritius	M/s. Barakhama Sales & Services Pvt. Ltd. Okhla Industrial Area, Phase II, New Delhi -110 020	Cellular Mobile Telecom Services	New Delhi	49%	Total projected foreign equity is Rs. 220.00 cr.. Out of which 9.8 crore will be brought in immediately and the balance will be brought in as and when required.