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Government of India Udyog Bhavan, New Delhi-110 011 PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 15 proposals of Foreign Direct Investment amounting to around Rs. 113.00 Crore. The investment proposals pertain to Sectors such as chemicals and petro-chemicals, health, software development & road transport. A list of proposals cleared is enclosed.
( M.S. SRINIVASAN )
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FIPB MEETING HELD ON 29.11.2001
| 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 | M/s. Deutsche International Trust Corporation
Ltd, St. Paul’s Gate, New Street, St. Helier, Jersey, JE4 8ZB, Channel Islands |
M/s. Mercury Infrastructure Ltd. 9 Cathedral Road, Chennai - 600 086 |
Manufacture of PVC/Chlorochemicals, Speciality Chemicals, shipping, engineering and Cement Industries as well as in the Infrastructure Industry | Chennai | 100% (Issue of OCNCRPS in two tranches i.e., 95 crore + 16.65 crore) |
111.65 |
| 2 | Pushpa Holdings (Mauritius) Ltd C/o. Multi Consult Ltd. P.O. Box 799 LES JAMAISOS Vieus Conselle St Port Louis Mauritius |
Pushpa Polymers Pvt. Ltd. (Now) M/s. BASF Styrenics Pvt. Ltd. 7, Basant Lok Vasant Vihar New Delhi -57 |
polymer of styrene in primary forms | Bharuch, Gujarat | Amendment in the existing FC approval | No fresh inflow is involved |
3 |
Vivendi Universal Health 31, Rue du Colisee 75383 Paris, Cedex 08, France |
Cimsmed Private Limited 640, 10-A Cross, West of Chord Road (II Stage) Bangalore - 560 086 ( SIA No. 393/2001-FC.I) |
Health care information in data base, customised medical and healthcare communication, advertising in health care, e-commerce and e-learning activities in B2B basis. | Bangalore |
60% |
0.012 |
| 4 | Novo Investment Pte. Ltd 238A Thomson Road, # 16 - 06/08 Novena Square (Tower A) Singapore - 307 684 ( SIA No. 429/2001-FC.I) |
M/s. Novo Nordisk Pharma India Limited | engaged in the marketing of life saving insulin and other similar products | Bangalore | Change in the status from OCB to a foreign investor | No fresh inflow is involved |
| 5 | Toyota Tsusho Corporation Tokyo Head Office Toyota Kundan Building 3-18, Kundan-Minami 2-Chome, Chiyoda-ku Tokyo -102, Japan |
Steel and Logistic cetre private Limited Toyoto Techno Park Plot No. 20, Building No 4, Bidadi Indl. Area Ramanagara Taluk Bangalore rural Distt. Karnataka |
Manufacture, fabrication and processing of steel products and components for automobiles etc. | Bangalore | Amendment in the existing FC approval | No fresh inflow is involved |
| 6 | Lombardini Srl. 42100 Reggio Emilla Italia - via CAV Del Lavaro Adelmo Lombardhini, 2-Cas Post 1074 Italy |
Lombardini India Pvt. Ltd. Sandoz House, 4th Floor, Annie Besant Road, Worli, Mumbai |
undertake design, manufacture and marketing of portable diesel and gasoline internal combustion engines of industrial, automotive and agricultural use | Aurangabad, Maharashtra | Acquisition of 10,000 shares | 0.01 (at face value) |
| 7 | M/s. Amanind Investments Ltd., 4th Floor, Barklay Wharf, East Lecadan, Waterfont, Port Louis, Mauritius | M/s. Indiahit.Com Pvt. Ltd., 23, Sunder Nagar Market, New Delhi | Engage in internet related activities including E-commerce | New Delhi | Amendment in the existing FC approval | No fresh inflow is involved |
| 8 | Standard Chartered Bank, UK | Scope International Pvt. Ltd Phoenix Mills Compound, 462, Senapati Bapat Marg Lower Parel Mumbai - 400 013 |
Back office transaction and data processing, software development and maintenance and support services for Standard Chartered Bank’s operations in India | Mumbai | Permission to make further downstream investment upto 100% | 1.70 |
| 9. | Issue of GDR/GDS | M/s. Aptech Limited Elite Auto House, 54-A, Sir M. Vasanji Road, Andheri (E) Mumbai -93 |
software solutions an consultancy in the field of IT | Mumbai | Issue of GDR/GDS to the existing shareholders after merger of two companies/divisions | No fresh inflow is involved |
| 10 | Strategic Investments Ltd 3rd Floor, Cerne House La Chaussee, Port Louis Mauritius |
M/s. Strategic Investments Ltd, 3rd Floor, Cerne House La Chaussee, Port Louis, Mauritius |
Software Development | Bangalore | 0.768% | 0.001 |
| 11 | Mr. Rakesh Kumar Jain & Mrs. Sujata Jain 3, Dorest Waye Heston, Middlesex TW 5 ONF United Kingdom |
M/s. EON Technologies Pvt. Ltd. 63, Surya Niketan Delhi - 92 |
Software Development | Gurgoan, Haryana | Amendment in the existing FC approval | No fresh inflow is involved |
| 12 | ELSAMEX, S.A. Parque Empresarial Barajas Park c/San Severo, 18-28042 Madrid, Spain |
Yala Construction Co. Pvt. Ltd. A-254, Ist Floor, Road No. 6, Block A Mahipalpur, National Highway - 8 New Delhi - 110 037 |
construction/maintenance of Road/bridges | New Delhi | Increase in foreign equity from 60% to 70% | 0.007 |
| 13 | S.M. Puri 381 Orchard Lane Highland Park Illinms, USA |
M/s. Brookside Resorts Pvt. Ltd. 237, Mandakani Enclave, Alaknanda, New Delhi - 110 019 |
Hotel | Pune, Maharashtra | Amendment in the existing FC approval | No fresh inflow is involved |
| 14 | Latex Investment Ltd, Sixth Floor, Cerne House, Chausses, Port Louis, Mauritius Radiant Corporation(P) Ltd Mauritius Suretex Ltd, Bangkok |
Suretex Prophylactics (India) Ltd, No. 65/1, Vasavi Nilaya, 36th Main, 4th Cross Dollar Scheme, BTM Layout, Ist Stage, Bangalore - 560 068. ( SIA No. FC.II:517/98) |
Manufacture of Condoms | Bangalore | Amendment in the existing FC approval | No fresh inflow is involved |
| 15 | Jones Lang Lasalle International Inc Through M/s. Lasalle Partners (Mauritius) Pvt. Ltd P.O. Box No. 1130, 12, Remi Ollier Street, Port Louis, Mauritius |
Lasalle Partners (India) Pvt. Ltd. Level 6, Mercxhantile House, 15, K.G. Marg, New Delhi |
real estate consultancy | New Delhi | Amendment in the existing FC approval | No fresh inflow is involved |