Government of India
Ministry of Commerce & Industry
Department of Industrial Policy and Promotion
(Foreign Collaboration Division)
***
Udyog Bhavan, New Delhi-110 011
Dated, the 12th March 2001.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board (FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 19 proposals of Foreign Direct Investment of about Rs. 217.00 Crore. The proposals cover various sectors including drugs & pharmaceuticals, medical equipment, consumer goods, auto ancillaries, telecommunications, software development and engineering equipment. A list of proposals cleared is enclosed.
(M. S. SRINIVASAN)
Joint Secretary to the Govt. of India
( No.07/2001)
S.No. |
Name of the Company and Regn. No. |
Activity |
Percentage of FDI/NRI investment |
Amount of FDI/NRI (Rs. In crore) |
01. |
M/s.Max GB Ltd |
Mfr. of bulk drugs |
Increase in foreign equity from 74% to 95% |
2.56 |
02. |
M/s. Sanyo Koreatex Pvt Ltd |
Mfr. PSF non-woven padding/wadding heath mattress for domestic/export market |
26% |
0.91 |
03. |
M/s. Siber Hegner Holding Ltd, Switzerland |
Export activities |
Increase in foreign equity from 51% to 60% |
0.072 |
04. |
M/s. UCB S.A., Belgium |
Manufacturing and marketing of medical products in the field of immuno allergology and central nervous system |
Increase in foreign equity from 50.99% to 100% |
17.29 |
05. |
M/s.Norcool India Pvt Ltd |
Production of refrigeration units |
Conversion of loan into equity |
96.60 |
06. |
M/s. BTI Consultants India Ltd |
Executive Search and Recruitment |
Increase in foreign equity from 89% to 100% |
0.02 |
07. |
M/s. Royal Maratha Industries Ltd |
Mfr. of Banana Purse |
Amendment in the existing approval |
No fresh approval is involved |
08 |
M/s. Delco Remy Electricals India Ltd |
Auto electricals for passenger and heavy commercial vehicles |
Increase in foreign equity from 37% to 48% |
1.71 |
09. |
M/s.Johnson Filtration Systems India Ltd |
Filtering or purify- -ing machinery and apparatus |
Amendment in the existing FC approval |
No fresh inflow is involved |
10
|
M/s.Magenti Marelli Thermal Systems (I) Pvt Ltd |
Developing, mfg. Distribution and mktg of automotive thermalcomponents & systems | Increase in foreign equity from 90% to 100% |
0.93 |
11 |
M/s. Ambience & Arcy Advertising Pvt Ltd |
Advertising, media planning, buying and research, sales promotion and corporate communication |
Increase in foreign equity from 51% to 74% |
0.007 |
12. |
M/s. IT Microsystems India Ltd |
Software solutions |
Increase in foreign equity from 1.59% to 1.79% |
0.01 |
13,. |
M/s. The Radiant Group |
Software development |
100% |
23.00 |
14. |
M/s. New Horizons Cybersoft Ltd |
Software development |
Equity swap Issue of 2 million shares amounting to Rs. 8.00 crore |
No fresh inflow is involved |
15. |
M/s. Kakinada Energy Pvt Ltd |
Develop, construct, own and operate a liquid fuel terminal |
Amendment in the existing FC approval |
No fresh inflow is involved |
16. |
M/s. Bharti Duraline Ltd |
Mfr, and mktg. Of telecommunication Duct products and accessories |
Increase in foreign equity from 50% to 100% |
59.69 |
17. |
M/s. RPG Cellular Investment & Holdings Pvt Ltd |
Making Investments in group companies operating cellular services |
18.50% |
9.3 |
18. |
M/s. RPG Communications Holdings Ltd |
Financing telecommunication projects |
24.99% |
2.10 |
19. |
M/s. Alfa Laval Saunders (India) Ltd |
Mfr. of flow equipments(Industrial/Butterfly valves) |
Increase in foreign equity from 74% to 100% |
2.47 |
Government of India
Ministry of Commerce & Industry
Department of Industrial Policy and Promotion
(Foreign Collaboration Division)
***
Udyog Bhavan, New Delhi-110 011
Dated, the 12th March, 2001.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board (FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 23 proposals of Foreign Direct Investment of about Rs. 832.00 Crore. The proposals cover various sectors including manufacture and sell of starch and derivatives, beverages, acrylic teeth, IT services, Port development, setting up of oil refinery, Steel, ISP, textiles and consumer goods. A list of proposals cleared is enclosed.
(M. S. SRINIVASAN)
Joint Secretary to the Govt. of India
FIPB MEETING HELD ON 01.03.2001
( No.08/2001)
| S.No. | Name of the company And Regn. No. |
Activity | Percentage of FDI/NRI investment | Amount of FDI/NRI inflow (Rs. In crore) |
||||
| 01. | M/s. Gibcobrl India (P) Ltd |
Test Market LTI products and setting up of a laboratory for the production of customs cDNA Libraties for LTI’s customers | Amendment in the existing FC approval | No fresh inflow is involved | ||||
| 02. | M/s.Engelhard Asia Pacific Enterprises (India) Pvt Ltd |
Bulk imports and warehousing sale of only its own, its subsidiaries’ and associate companies’ products | Expansion of activities | No fresh inflow is involved | ||||
| 03. | M/s. Chase Perdana Bherhad, Malaysia | Manufacture heat shrinkable tubings | 100% | |||||
| 04. | M/s. Rouquette Freres | Manufacture and sell starch and derivatives | 100% | 23.00 | ||||
| 05. | M/s. Lotus Consulting (Mauritius) Ltd, Mauritius | Development of computer software and consultancy and IT related services | 70% | 0.35 | ||||
| 06. | M/s. Nestle India Ltd | Mfr. of instant coffee and chicory roasted coffee blends | Amendment in the existing FC approval | No fresh inflow is involved | ||||
| 07. | M/s. The Radian Group, LLC., USA |
To manufacture and distribute non-alcoholic beverages | 100% | 4.60 | ||||
| 08. | M/s. ABX International S.A., France |
Manufacture and sale of Invitro diagnostic products | 100% | 6.90 | ||||
| 09. | M/s. Ruthinium Dental Products Pvt Ltd |
Manufacture of acrylic teeth | 50% | 0.18 | ||||
| 10. | M/s. Intelenet Global Services Ltd | IT enabled services | 30% | 3.45 | ||||
| 11 | M/s. Petro Energy Products India Ltd | Oil refinery | Increase in equity from 40.5% to 95% | 638.98 | ||||
| 12. | M/s. Dhamra Port Company Ltd | Port development | 13% | 46.00 | ||||
| 13. | M/s. Hansa Industries (P) Ltd | To develop and supply high quality steel products | 25.1% | 1.40
|
||||
| 14. | M/s. Band-X (India) Pvt Ltd | ISP | 100%
|
6.8 | ||||
| 15. | M/s. B.G. Energy Holding Ltd, UK | ISP | 100% | 32.20 | ||||
| 16. | M/s. B.G. Energy Holding Ltd, UK | Providing infrastructure services to communications service providers | 100% | 9.20 | ||||
| 17. | M/s. Seams Manufacturing (P) Ltd | Manufacture of all kinds of garments | 100% | 0.09 | ||||
| 18. | M/s. Mandhana Boriemann Industries Ltd | Manufacture and marketing of various types of labels, badges and other similar articles | Expansion of activities | No fresh inflow is involved | ||||
| 19. | M/s. Potukuchi Spintex Pvt Ltd | Manufacture of Socks | 27.04% | 4.00 | ||||
| 20. | M/s. The Radian Group, LLC., USA | Promotion of adventure sports/raceway & resorts | 100% | 46.00 | ||||
| 21. | M/s. Timex Watches Ltd | Manufacture of quartz Analogue Watches | Increase in foreign equity in from 58.46% to 71.35% | 7.614 | ||||
| 22. | M/s. Logotech (India) Pvt Ltd | Manufacture, assemble, sell, import, export and deal in all types of medical equipments etc. | Increase in equity from 51% to 60% | 0.004 | ||||
| 23. | M/s. Meritec Group Ltd | IT services | 100% | 0.02 | ||||