Government of India
Ministry of Commerce & Industry
Department of Industrial Policy and Promotion
(Foreign Collaboration Division)
Udyog Bhavan, New Delhi-110 011
Dated, the 9th February, 2001.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 33 proposals of Foreign Direct Investment of about Rs. 362.00 Crore. The proposals cover various sectors including manufacture of chemicals, textile processing, laminated flooring material and accessories, processed food, automobile components, scientific equipment, electronics information technology &ISP, software development and consultancy, telecommunications and data systems. A list of proposals cleared is enclosed.
( M.S. SRINIVASAN )
Joint Secretary to the Govt. of India
To
Press Information Bureau,
Additional Principal Information Officer,
M/o Commerce & Industry
FIPB MEETING 01.02.2001
(No.04/2001)
| Sl. No. | Name of the
Company and Regn. No. |
Activity | Percentage of FDI/NRI investment | Amount of
FDI/NRI inflow ( Rs. In crores) |
| 1 | M/s. Rochem Group S.A., Switzerland | Mfr. Of other
chemical products such as fuel oil additives, boiler
water treatment & cooling water treatment chemicals etc. |
50% | 0.10 |
| 2 | M/s. Pushpsons Fibrol Pvt Ltd | Mfr of Textile processing Agents(conning oil, carding oil, spin finishes for synthetic fibre filament) | Increase in foreign equity from 40% to 50% | 0.65 |
| 3 | M/s. Perstorp Flooring (India) Pvt Ltd(Now Pergo India Pvt Ltd) | Laminated Flooring material and accessories | ------- | ---- |
| 4 | M/s. Vantico International S.A., | Mfr and mkt. Of speciality chemicals | 100% | 62.50 |
| 5. | M/s. Golden Fries Ltd | Mfr of frozen french fries | Increase in equity from 97% to 98% | 0.14 |
| 6. | M/s. Canon India Pvt Ltd | Mfr and distribution of copiers, software development, distribution of medical equipments, printers, components, cameras etc. | Expansion of activities | ------- |
| 7. | M/s. Hongo India Pvt Ltd | Mfr. Automobile components | ----- | ----- |
| 8. | M/s. Dana Corporation | Manufacture and Sale of axles for light vehicles and drive shafts | Technology collaboration | ------ |
| 9. | M/s. Kadimi Tool Manufacturing Company (P) Ltd | Mfr of milled and ground thread rolling dies as well as heading tools | 50% | 9.00 |
| 10. | M/s. Venture Infotek Management Services Pvt Ltd | Providing all types of business, commercial, management, technical and other system services and solutions etc. | 100% | 0.005 |
| 11. | M/s. Connor Information Technology Ltd | Business of project execution onsite services | Equity swap(% not indicated) | 22.5 |
| 12. | M/s. IBM India Ltd | Mfr, mktg and export of computer systems including input and outlet devices, network products software and maintenance services | Amendment in the existing FC approval | ------- |
| 13. | M/s. California Software Co. Ltd | Computer software development and consultancy services | Overseas transfer of shares | ---- |
| 14. | M/s. Teamasia Semiconductors Pvt Ltd | setting up of a holding company for making downstream investment in the field of electronics | Increase in foreign equity from 82.3% to 87.27% | 73.22 |
| 15. | M/s. eConserver (I) Pvt Ltd | Software development | ----- | ----- |
| 16. | M/s. Global Network Services Pvt Ltd | IT enabled & support services, involving human contacts by means of computer & the internet | 100% | 0.14 |
| 17. | M/s. iFrameIndia.Com Pvt Ltd | Software development in the areas of Internet and internet-based applications | 49% | 138.00 |
| 18. | M/s. Heartland Information Services, USA | Establishment and operating medical transcription centres and associated software development facilities in India | 100% | 9.3 |
| 19. | M/s. Platys Communications India Pvt Ltd | Software development (chip designing) | 100% | 5.00 |
| 20. | M/s. World Technologies Ltd, Mauritius | Software development and consultancy | 95% | 0.95 |
| 21 | M/s. Allied Call Centre Pvt Ltd | All call centre related activities | 100% | 0.05 |
| 22. | M/s. Sumiran Vyapaar Pvt Ltd | Segregation of ferrous/Non-ferrous scrap | 7% | 0.035 |
| 23. | M/s. Castrol India Ltd | Blending, producing and marketing of lubricating oils | Increase in foreign equity from 51% to 70% | 2.47 |
| 24. | M/s. Conoco Petroleum Operations Inc., USA | Mktg. and sales of high performance petroleum based industrial lubricants and other hydrocracked lubricants | 100% | 2.32 |
| 25. | M/s. Hyundai Heavy Industries Company Ltd, Korea | Establishment, construction, erection, maintenance, repair and all other related work for installation and running of power plants and projects | 100% through acquisition of 70 equity shares of Rs. 10/- each at par | to bring in investment over a period of 5 years |
| 26. | M/s. Consilnet (India) Pvt Ltd | Providing high speed broadband internet access, designing, installation, operation etc. and providing support services to ISPs ASPs etc. | Amendment in the existing FC approval | No fresh inflow is involved |
| 27 | M/s. Marconi Communications International Holdings Ltd., UK | Mfr. Of supply of key technologies, equipment and services for the internet, enterprise networks, telecommunications and data systems. | 100% | 23.00 |
| 28. | M/s. Macnur Hospitality India Ltd | Hotelters Restaurants and care takers | Increase in foreign equity from 87.35% to 87.75% | 0.52 |
| 29 | M/s. Shimadzu (Asia Pacific) Pte Ltd, Singapore | Market high tech medical, scientific and industrial equipments etc. | 100% | 10.00 |
| 30 | M/s. M/s. Reebok India Co. | Providing product development services, quality assurance, quality control and other technical services to footwear and apparel products | Amendment in the existing FC approval | No fresh inflow is involved |
| 31 | M/s. Bureau Varitas Indl. Services (I) Pvt Ltd | Inspection and certification of various engineering goods and other types of commodities and related services | Increase in foreign equity from 68% to 84.02% by way of buy back of shares | No fresh inflow is involved |
| 32 | M/s. Cactus Imaging India Ltd | business in large format digital imaging solutions using scanning, proofing, digital printing, finishing in order to cater to both the Indian and the global market | Adjustments of import of Capital Goods into equity | 1.88 |
| 33. | M/s. Swaropearl India Pvt Ltd | Mfr/export of imitation pearls | Increase in foreign equity from 99% to 100% | 0.01 |