Government of India
Ministry of Commerce & Industry
Department of Industrial Policy and Promotion
(Foreign Collaboration Division)
***
Udyog Bhavan, New Delhi-110 011
Dated, the 6th October, 2000.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 21 Cases of Foreign Direct Investment of about Rs. 100.00 Crore. The proposals cover various sectors like air transport , bio-technology, machine tools, software development, internet related services, fast food, tourism, packaging, textiles and consumer goods. A list of proposals cleared is enclosed.
( M.S. SRINIVASAN )
Joint Secretary to the Government of India
FIPB MEETING HELD ON 25.09.2000
(No.32/2000)
| S.No. | Name of the applicant | Activity | Percentage of FDI/NRI equity | FDI/NRI Amount
(Rs. In crore) |
|
01. |
M/s. Phytomyco Research Pvt Ltd | Herbal Extract and other Natural Product Extract | 98% | 0.16 |
|
02. |
M/s. North Airways Pvt Ltd | Non-Schedule Airline Operation | 74.50% | 19.84 |
|
03. |
M/s.Emuge India Pvt Ltd |
To design, mfr and mktg. of high quality cutting tools and tooling systems and trading |
Permission to issue Cumulative Redeemable Preference shares | 3.27 |
|
04. |
M/s. Induf Consultants Pvt Ltd |
Financial valuation, plant & machinery valuation, tenant advisory services and brokerage activities in the area of Real Estate |
100% | 0.45 |
| 05. | M/s.Fabmart Pvt Ltd | Internet related services | 10.78% | 45.50 |
| 06. | M/s.Herbalife International India Pvt Ltd | Trading and mktg. Of nutritional food products and personal care cosmetics | request of expansion of activities | No fresh inflow is involved |
| 07. | M/s. Deep Food Inc. | Ethnic Foods | 100% | 0.60 |
| 08. | M/s. Ready Test Go Pvt Ltd |
Web-site testing and software development |
Increase from 99.97% to 100% | 0.0002
(NIL) |
| 09. | M/s. Nihar Infoway Ltd | Computer Software Development | Increase from 1.18% to 4.30% | 0.29 |
| 10. | M/s. Enercon Wind Farms India Ltd |
Setting upof Independent Wind Farm |
74% | 22.94 |
| 11. | M/s. Dow Corning India Ltd |
Mfr. of Silicone sealant, silicone adhensives, speciaty lubricants |
Amendment in the existing FC approval | No fresh inflow involved |
| 12. | M/s.Palm Tech India Ltd |
Development of Palm plantation |
Increase in foreign equity from 60.75% to 94.77% | 1.82 |
| 13. | M/s.Dishnet DSL Ltd |
Expansion of activities in value added telecommunication services |
Amendment in the existing FC approval | No fresh inflow involved |
| 14. | M/s.Oxford Pvt Ltd |
Sourcing, sale and export of ready made garments |
Amendment in the existing FC approval | No fresh inflow is involved |
| 15. | M/s.Peirce Leslie India Ltd |
Travel and tourism |
Increase in foreign equity from 50% to 67% | 0.44 |
| 16 | M/s. Lafarge Texsa, Spain |
Mfr. of building products for the construction /infrastructure sectors |
50% | 0.35 |
| 17 | M/s. Milspeed Ltd, UK | Dealers, wholesalers, retailers, importers, exporters, exporters etc. of all kinds of footwear and accessories of all types of rubber leather etc. | 98% | 0.38 |
| 18 | M/s.Kinetics Technology India Ltd | Super heaters, gas generators, furnaces | Increase in foreign equity from 50% to 100% | 1.75 |
| 19 | M/s.Schott Glass India Pvt Ltd | Mfr. Spl. glass tubing and pharmaceutical packaging activities | Amendment in the existing FC approval | No fresh inflow involved |
| 20 | M/s.Instron Ltd, England |
To import and sale of Instron=s hi-tech equipment and machines, including spare parts and components etc. |
100% |
Initially 0.17 which may rise to 0.33 |
| 21 | M/s. Monolithic Devices & Electronics (P) Ltd |
Mfr. of Isolated Base Power Semi Conductor modules/Bridge Rectifiers, Components |
70% | 1.662 |