No.13(1)/2002-FC.I
Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
( FC.I – Section )
………..
Udyog Bhawan, New Delhi.
Dated the 6th November, 2002.
Corrigendum in respect of Press Release dated 5-11-2002.
The Item No. 25 of the Press Release dated 5.11.2002 may be read as under:
S.No. |
Name & Address of the Foreign Company |
Name & Address of the Indian Co., if already incorporated |
Activity |
Location |
Percentage of FDI/NRI/ OCB investment |
Amount of FDI/NRI/ OCB Investment (Rs. In Crs,) |
25. |
M/s. Hensel International GmbH, Germany |
(Under incorporation) No.163 (Old No. 70), Luz- Church Road, Mylapore, Chennai – 600 004. |
Carry on the business of import of entire range of products consisting of hi-quality electrical enclosures/ housing systems and its accessories and to sell the same on whole-sale basis, assembly of control panels consisting of imported modular enclosures & locally procured components such as switchgear, control gear and other electrical accessories subject to no retail trading. |
Chennai |
100% |
0.50 |
(MRS. PRAMILA RAGHAVENDRAN)
UNDER SECRETARY TO THE GOVT. OF INDIA
Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
( Foreign Collaboration Division )
***
Udyog Bhavan, New Delhi -110 011
Dated, the 5th November, 2002.
On the recommendations of the Foreign Investment Promotion Board (FIPB), Government has approved 41 proposals of Foreign Direct Investment amounting to around Rs. 97.00 crore. The major investment proposals pertain to the sector of chemicals & petrochemicals, manufacture of vegetable oils & fats, consumer goods, wholesale trading of hi-tech engg. components, automobile components, information technology & software development and NBFC activities. A list of proposals cleared is enclosed.
( Pramila Raghavendran )
| 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 (Rs. In crore) |
| 1 | Matthey Finance BV Fregatweg 38 6222 NZ Maastricht The Netherlands |
Johnson Matthey Chemicals India
Pvt Ltd 511/512, Merchant Chambers, 98A Hill Road Bandra (West), Mumbai |
Manufacture and distribution and sale of chemical process catalysts, bio-catalysts and other catalytic materials | Mumbai | 100% | 42.00 |
| 2 | Scigen Ltd, 14, Science Park Drive Singapore 118226 M/s. SciTech Medical Prodcuts LLC 5004, Oak Bend Lane Edina, Mn 55436, USA |
Shreya Bio-tech Pvt Ltd "Shreya House" 301 A Pereira Hill Road Andheri(E), Mumbai |
Manufacture of Recombinant Human Insulin, Human Growth Hormone, Interferon a2b and Hep. B Vaccine | Pune | 100% | 12.00 |
| 3 | Individual NRIs | M/s. Cochin International Airport Limited 35, 4th Floor, GCDA Commercial complex Marine Drive, Cochin – 682 031 |
Operation of Airport | Cochin, Kerala | Amendment in the existing approval | No fresh Inflow is Involved |
| 4 | Osprey Point Inc 17604 Harbord Oaks Cir Dallas, Texas 75252 972 312 1100 USA |
100% WOS | Import of products on a bulk basis from abroad and sell the same in India on a cash and carry wholesale basis | New Delhi | 100% | 0.50 |
| 5 | Detroit Diesel Asia Pte Ltd Singapore |
Detroit Diesel India Private
Limited 414, Prestige Centre Point Cunningham Road Bangalore-560 052 (now known as M/s. MTU Detroit Diesel India Pvt Ltd) |
Providing after sales product support (technical assistance, spare parts and on site service) to existing Detroit Diesel customers in India | Bangalore | Transfer of two equity shares | No fresh Inflow is Involved |
| 6 | Nallathamby Jeyapalan Oesterholz STR112, 44145, Dortmund, Germany Thirairajasingam Oesterholz 44145 Dortmund, Germany |
Janan Exports Private Limited New No. 26 (Old No.46), South Road, T. Nagar, Chennai |
Import and export of cosmetics, rice, spice, readymade garments, antiques silver, gold articles, leather goods etc. | Chennai | 100% | 0.10 |
| 7 | Jutta Oberoi Hoehenweg 23 4810, Gmunden Austria |
100% subsidiary | Export of goods including made ups, textiles, carpets, handicrafts, finished leather & leather products, wood products etc. rendering services & act as buying agents for foreign/overseas buyers to source goods for exports from India | New Delhi | 100% | 0.25 |
| 8 | Shri Sailesh Doshi, USA | M/s. Intelligent System Desings Pvt Ltd 32, Pathakwadi, Tawawala Building Mumbai |
Complete turnkey solution provider for building automation etc. except real estate development/business activities & no retail trading | Mumbai | 25% | 0.025 |
| 9 | Mckinnon & Clarke Limited Claymore House Enterprise Way Dunfermline File KY11 8PY UK |
Mckinnon & Clarke (India)
Private Limited B Wing, 3rd Floor, Heritage House, 6, Tadiwala Road, Pune Station, Pune |
Development of Software | Pune | 100% | 0.01 |
| 10 | Americorp Ventures Limited 3rd Floor, Cerne House, La Chaussee, Port Louis, Mauritius |
Americorp Capital Pvt Ltd 1005 Maker Chambers V Nariman Point, Mumbai-21 |
Business of investment banking and stock broking | Mumbai | 11.90% | 4.00 (including premium) |
| 11 | Mr. Chetan R. Isharani, Singapore | M/s. CBC Agri Trade Pvt Ltd 1105 Regent Chambers, 208, Nariman Point, Mumbai |
Agents, Commission Agents, brokers to facilitate export of agricultural products | Mumbai, Maharashtra | Increase in foreign equity from 50% to 90% | 0.18 |
| 12 | Premium Vegetable Oils Limited Level 27, wisma tun Sambathan, Malaysia 50000 |
Arani Agro Oil Industries Ltd 6-1-4/1, Main Road Kukatpally, Hyderabad |
Manufacture of hydrogenated oils and vanaspati, vegetable oils and fats | ADB Road, Kakinada, Andhra Pradesh | 74% | 4.44 |
| 13 | Cordiant Communications Group (PLC), UK | M/s. Cordiant Communicatins Group
PLC UK (M/s. Bates Investment India Limited) C/o. New Delhi Law Offices 4th Floor, Rajendra Bhawan, 210, Deen Dayal Upadhyaya Marg, New Delhi-2 |
To act as a holding company for making downstream investments in the Indian advertising, promotional services and media planning, buying advisory services | New Delhi | Increase in foreign equity from 74% to 100% | 1.30 |
| 14 | BGS Smartcard Systems A-1180, Cvienna Gersthoferstrasse 131 Austria |
BGS Smartcard Systems A.G C/o. Titus & company R-4, Greater Kailash-I New Delhi-48 |
Provide specialized tailor made smart card based fund transfer/payment systems and solutions including business development, marketing, products installation, systems customization and integration, systems implementation and management, consultancy, technical support and training for banking and financial services industries and other industries and services in India except financial activities | Delhi | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 15 | E-tech Resources Ltd Road Town, Pasea Estate Tortola British Virgin Islands |
First Mobile India Pvt Ltd(E-tech
Resources Ltd) 101, Hans Apartments Anton Francis Road Charai, Thane(West) Maharashtra |
Import, manufacture and distribution of mobile phones accessories etc. | Thane, Maharashtra | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 16 | Siemens AG | Siemens Communication Software Ltd 10th Floor Raheja Tower M.G. Road Bangalore – 560 001 |
Whole sale trading for telecommunication equipments and systems, mobile switching centre, mobile radios, BTS and Microwave equipments. | Calcutta, West Bengal | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 17 |
1270-A, Lawrance Station Plaza, Sunnyvale, CA, USA |
M/s. Fortune Technologies India
Pvt Ltd Level 5 Venkat Plaza, Panja Gutta, Hyderabad |
Software development, training and consultancy | Hyderbad | Amendment in the existing approval | No fresh Inflow is Involved |
| 18 | Westbound Consulting Inc 3040, North Racine St Chicago, Illinois, USA |
M/s. Divine India Ltd Plot No. 1244, Road No. 36, Jubilee Hills, Hyderabad |
Development of computer software | Hyderabad | Amendment in the existing approval | No fresh Inflow is Involved |
| 19 | Yamaha Motor Co. Ld 2500 Shingai Iwata Shizuok 438 – 8501 Japan |
Yamaha Motor Esctors Ltd (Now, Yamaha Motor India Pvt Ltd) C/o. Chawla & Co C-582 (LGF), Defence Colony, New Delhi-24 |
Setting up of down stream subsidiary in software | New Delhi | Downstream investment | No fresh Inflow is Involved |
| 20 | a) M/s. Redomgtpm (Mauritius)
Mauritu\ius b) M/s. BTS Asset Management Ltd, Bahamas |
M/s. Redington India Ltd | Development of computer software | Chennai | Amendment in the existing approval | No fresh Inflow is Involved |
| 21 |
|
M/s. Patni Computer Systems Ltd, Akruti MIDC Cross Road No. 2, Andheri(E), Mumbai |
Computer Software Service | Mumbai | Increase in foreign equity from 59.99% to 61.83% by buy back | No fresh Inflow is Involved |
| 22 | M/s. Hughes Electronics Corpn. USA 7200 Hughes Terrace Los Angles, California USA M/s. Alltel Corpn. USA M/s. Kellerton Ventures Corpn. British Virgin Island |
M/s. Tata Teleservices Ltd/M/s. Hughes Tele.com
India Ltd Ispat House B.G. Kher Marg, Worli Mumbai-18 |
Cellular Mobile Telephone services and basic telecom services | Not indicated | Equity Swap | No fresh Inflow is Involved |
| 23 | M/s. ABM Industriebetelligungs GmbH Max-Planck Strasse 5 61381, Friedrichsdorf. Gerany Mr. Alexander Mattschull Peter Geibal Strasse 8A, 61381 Friedrichsdorf Germany |
Alaxander Garment Manufacturing Co 4/135, Aruppukottai Main Road Valayankulam, Madurai |
Manufacture and sale of readymade garments and other allied activities | Madurai, Tamil Nadu | 100% | 1.00 |
| 24 | Frontier in Knowledge (M) Sdn, Bhd 23-1, Jalan 2/76C Desa Pandan 55100 Kuala Lumpur Mlaysia |
Frontier in Knowledge India Private Limited 3rd Floor, Rajesh Center, S.V. road Andheri(West), Mumbai |
Production and management of Conferences, workshops, seminars and conducting In-company training | Mumbai | 100% | 0.25 |
| 25 | M/s. Hensel International HmbH, Germany | Henkel SPIC India Limited Temple Tower, 3rd Floor, 672, Anna Salai Nandanam, Chennai |
Carry on the business of import of entire range of products consisting of hi-quality electrical enclosures/ housing systems and its accessories and to sell the same on wholesale basis, assembly of control panels consisting of imported modular enclosures and locally procured components such switchgear, control gear and other electrical accessories subject to no retail trading. | Karaikal, Pondicherry | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 26 | M/s. Supermax Holding Pvt Ltd Les Cascades, Edith Cavell Street, Port Louis, Mauritius |
Supermax Holdings Pvt Ltd Les Cascades Edith Cavell Street, Port Louis, Mauritius |
Manufacture of shaving blades, razors and shaving creams | Mumbai | 47% | 10.00 |
| 27 | Spectris plc Station Road Egham, surrey TW20 9NP, UK |
100% WOS | Wholesale trading of hi-tech precision, control and measurement equipment and related components and spare parts & support services to Indian customers and Overseas group companies. | Mumbai | 100% | 13.32 |
| 28 | Schindler Holding Ltd CH-6052 Hergiswil Switzerland |
Schindler India Pvt Ltd Solitaire Corporate Park Building No. 6 Andheri Kurla Road Andheri(East) Mumbai-93 |
R&D, Installation, maintenance, modernization, marketing and manufacture of latest models of world renowned range of schindlers elevators, escalators, passenger conveyors and ancillary equipment. | Mumbai | Amendment in the existing FC approval | No fresh Inflow is involved |
| 29 | Clause Semences 1, Avenue Lucien Clause 91221 Bretigny Sur-orge Codex, France |
Clause seeds (India) Pvt Ltd 6-1-20/2, walker Town New Bhoiguda Secunderabad, AP |
To import, hybrid vegetables seeds in bulk, repack and sell through the Indian wholesale distribution channel | Not applicable | Post-facto approval | 0.01 |
| 30 |
|
Bluechip Warehousing Pvt Limited Metro House, Colaba Causeway, Mumbai |
Warehousing and Connected activities | Pune, Maharashtra | 100% | 0.78 |
| 31 | Myles O’ Conner 7, Ploug Road Yateley, UK |
KPIT Infosystems Ltd Kpit House Tejas society, Kothrud Pune – 411 029 |
Software development and maintenance, data warehousing etc. | Pune | Transfer of 10,000 shares | 0.01 |
| 32 | Upperex Inc 20311, stevens Creek Blvd, # 1B, Cupertino, CA 95014, USA |
Upperex Netsolution Pvt Ltd 31/B, NewYork Tower, Wing-A, Thaltej, Gandhinagar, Sarkhej Highway, Ahmedabad |
Development of computer software | Ahmedabad | Transfer of 200 shares of Rs. 10/- each | No fresh Inflow is involved |
| 33 | Elero GmbH Antriebstechnik Linsenhofer Str. 59-63 D-72660 Beuren Germany |
100% subsidiary | To procure indigenously developed components like motor bearing shield, gear housing, tappet, in-line switches, universal switches required for manufacture of motors, engineering components used in sun protection and security systems etc. | Delhi | 100% | 0.25 |
| 34 | HP Chemie Pelzer Brauckstrabe 51 D-58454 Witten Germany |
HP-Pelzer India (P) Ltd C-14 & 15, Sector – 57 Noida Indl. Area Noida – 201 307(UP) |
Manufacture of automobile polyurethane parts, trim parts and felt parts | Noida (UP) and Chennai | Conversion of ECB into equity | 6.00 |
| 35 | 1, Data Tree LLC 550 West C Street Suite 2040, San Deigo California 92101 USA |
Data Tree LLC C/o. India Law Services 102, Allied Bhawan 9 LSC, Madangir New Delhi-62 |
IT related activities and change of location | Hyderabad | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 36 | Koninklijke Philips Electronics NV Building HRI PO BOX 99700 1070 MX Amsterdam The Netherlands |
Koninklijke Philips Electronics NV Building HRI PO BOX 99700 1070 MX Amsterdam The Netherlands |
Assembly and customization of range of printed circuit boards | Mumbai | Transfer of 10,000 shares of Rs. 10/- each | 0.01 |
| 37 | M/s.Synova Inc 50 West Big Beaver suite 460, Tray Michigan, USA |
M/s. Complete Multimedia solutions
(I) Pvt Ltd #44/2, Dickenson Road Bangalore |
Multimedia, software development & services | Bangalore, Karnataka | Increase in foreign equity from 90% to 97% | 0.087 |
| 38 | CMS Energy Mauritius Ltd,
Mauritius Indo Bharat Industrial Holding Corporation, Mauritius Unocal Bharat, Mauritius Woodside Development Asia Pty Ltd, Australia Siemens PowerVentures GMPBH, Germany Siemens Power Ventures GMPBH, Germany
|
Grasim Industries Ltd Ist Floor, Industry House 159, Churchgate Reclamation, Mumbai-21 |
Mega power plant and LPG storage and re-gasification terminal | Ennore | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 39 | Dura-Line International Inc USA |
Dura-line India Pvt Ltd A/10, Sanskrit Bhawan Aruna Asaf Ali Marg Qutub Institutional Area New Delhi-67 |
Undertaking additional activities of import & trading of cable & trading of Cable Blowing Machines and their spares | Goa | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 40 | Diato GmbH Limburgstr 27 7300 Esslingern 1 Germany |
Diato India Pvt Ltd C-37, Panki Industrial Area, P.O. Uduyognagar Kanpur, UP |
Additional activities of Raisin bonds for finish honing application, new generation of rough honing bonds, latest machine equipment and methods for manufacturing of new type of miniaturized honing stones, abrasives for honing of coated bores. | Kanpur, UP | Amendment in the existing FC approval | No fresh Inflow is involved |
| 41 | M/s. Adidas Ag AdiDassier-Strasse 1-2 91074 Herzogenaurach Germany M/s. Adidas International BV, Netherlands |
Adidas India Pvt. Ltd L-9, Green Park Extn. New Delhi-16 |
Cash and carry whole sale trading. | Not indicated | Amendment in the existing FC approval | No fresh Inflow is Involved |