Government of India
Ministry of Commerce & Industry
Department of Industrial Policy and Promotion
(Foreign Collaboration Division)
***
Udyog Bhavan, New Delhi-110 011
Dated, the 15th April, 2002.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 42 proposals of Foreign Direct Investment amounting to around Rs. 123.00 crore. The major investment proposals pertain to sectors such as chemicals & petro-chemicals, health, consumer items, automobile components and software development. A list of proposals cleared is enclosed.
( Pramila Raghavendran )
Under Secretary to the Govt. of India
FIPB MEETING HELD ON 04.04.2002
| 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 crores) |
| 1 | Cargill Asia Pacific Ltd, USA | M/s/ Cargil India Pvt Ltd DLF Gateway Towerse DLF City, Phase III Gurgaon |
setting up of vegetable oil refinery on owned and leased basis | Not indicated | Downstream investment by an operating co(expansion of activities) | No fresh inflow is involved |
| 2 | Pushpa Holdings (Mauritius) Ltd C/o. Multi Consult Ltd P.O. Box 799, LES JAMAISOS Vieus Conselle St Port Louis Mauritius |
BASF STYRENICS PVT LTD 7, Basant Lok Vasant Vihar, New Delhi |
Permission for bulk import with ex-port/ex-bonded warehouse sales of Styrene Monomer | Bharuch, Gujarat | Amendment in the existing FC approval | No fresh inflow is involved |
| 3 | Astra Pharmaceuticals AB, S-151 85 Sodertalje Sweden |
Astra Pharmaceuticals AB C/o. New Delhi Corporate Consultancy Services Ltd, 4th Floor, Rajendra Bhavan, 210, Deen Dayal Upadhyay Marg, New Delhi |
manufacture and sale of pharmaceuticals and basic drugs | Bangalore | Increase in foreign equity from 56.499% to 100% | 82.00 |
| 4 | Sun Ace Kakoh(Pte) Ltd 34, Tanjong Penjuru Jurong Town Singapore 609030 |
Vinyl Chemicals Private Limited 6-3-252/37/G/6, 3rd Floor Erramanzil Colony Hyderabad |
Manufacture of PVC Stabilizers, metallic stearates etc. | Kothur Vill, Mehaboobnagar Distt Andhra Pradesh |
49% | 0.90 |
| 5 | Pyrm Fashion GmbH & Co. KG Stolgerg Germany and/or its overseas subsidiaries/affiliates |
Prym Fashion India Pvt Ltd C/o. Price Waterhouse & Co Sucheta Bhavan, 11-A, Vishnu Digamber Marg, New Delhi |
To import/lease high technology machines for fastening metal accessories to garments | Gurgaon | Amendment in the existing FC approval | No fresh inflow is involved |
| 6 | New Unity Enterprises Private Limited 180-2/46, People’s Park Shipping Complex, Bodhiraja, Mawatha, Colombo |
R.P. Narthan Exports Pvt Ltd H-24/4, Valgal Street, Kalashetra Colony Besant Nagar, Chennai |
procurement of pulses, rice, utensil etc. from India for export to countries such as UK, USA, Singapore, Malaysia etc. | Chennai | 100% | 0.125 |
| 7 | DIESECKE & DEVRIENT GmbH Prinzregentenstrasse 159 D-81677, Munich Germany |
Giesecke & Devrient India Pvt Ltd 515-518, Bonanza, B-Wing, Sahar Plaza M.V. Road, Andheri(East) Mumbai |
providing services to third parties mfg, recycling, refurbishing, marketing, importing, exporting and/or developing banknotes, security documents, security paper, cash handling system etc. and also third parties involved in handling of smart cards etc. | Mumbai | 100% | 2.10 |
| 8 | Abbey National Plc, UK | Tata Homefinance Ltd 1204/2, Gopika Niketan, Ghole Road Shivaji Nagar, Pune |
Housing finance and related activities | Pune | Increase in foreign equity from 30% to 37.04% | 3.52 |
| 9 | Mr. Jawad Ayaz and Mr Vinod Chandran, NRI |
M/s. Ind Telesoft Pvt Ltd, 104, Koramangala Indl. Estate, V Block, Bangalore |
Software Development | Bangalore | Amendment in the existing approval | No fresh inflow is involved |
| 10 | The Accor Group, France | Accor Radhakrishna Corporate
Services Pvt Ltd Camara House, Majiwade Village Road Majiwade, Mumbai |
Consultancy in the field of catering and hospitality services | Juhu, Greater Mumbai | Transfer of equity from resident to non-resident and conversion of ECB into equity | No fresh inflow is involved |
| 11 | Guldernhorst BV, Netherlands Agrolimen Inversiones, SA, Bercelona, Spain |
Joyco India Pvt Ltd 206, II nd Floor Okhla Indl. Estate, Phase.III New Delhi |
manufacture/marketing/distribution of confectionery products | Not indicated | Amendment in the existing FC approval | No fresh inflow is involved |
| 12 | Mitshubishi Motors Corporation 33-8, Shiba 5-Chome Minato-ku, Tokyo 108-8410 Japan |
Hindustan Motors Ltd 9/1, R.N. Mukherjee Rd Calcutta |
Manufacture of passenger cars | Calcutta | Amendment in the existing FC approval | No fresh inflow is involved |
| 13 | M/s. Honda motor Co. Ltd 2-1-1 Minami - Adyama Minato-ku, Tokyo, Japan |
Honda Siel Cars India Ltd Plot No. A-1, Sector 40/41, Surajpur-Kasna Road Greater Noida Industrial Development Area, Gautam budha Nagar, UP |
Import of spare parts for wholesale through dealership mechanism | Hgaziabad | Amendment in the existing FC approval | No fresh inflow is involved |
| 14 | M/s. Toyota Motor Corpn 1, Toyota CHO Toyota AICHI 476 Japan |
Toyota Kirloskar Motor Pvt Ltd Plot No. 1, Bidadi Indl Area, Ram nagar Taluk Bangalore |
Manufacture of 10 seater passenger utility vehicle | Bangalore | Amendment in the existing FC approval | No fresh inflow is involved |
| 15 | M/s. Denso Corporation 448, 1-1, Showa-cho Kariya-city Aichi-prff Japan |
M/s. Denso Haryana Pvt Ltd The Capital Court 3rd Floor, Left Wing Olof Palme Marg, Munirka, New Delhi |
Manufacture, assemble, sell and distribute the engine management systems or fuel injection systems | Gurgaon, Haryana | Amendment in the existing FC approval | No fresh inflow is involved |
| 16 | Hyundam Industry Co. Ltd 341-21, Yeok RI, Youngin Myun, Ansan-Si Chung Cheong Nam Do Korea |
M/s. Hyundam Industry Co Ltd C/o. N. sukuar 29 (old No. 7) Devadi Street, Mylapore Chennai |
Manufacture and supply of sophisticated fuel pump assembly and module for the production of passenger cars. | Chennai, Tamilnadu | 100% | 5.00 |
| 17 | M/s. Indiment Inc, USA | M/s. Rambal Ltd, No. 20, Corporation Road, Seevaram Perungudi, Chennai |
Auto Components | Chennai | 26% | 2.50 |
| 18 | Vertigo Asia Ltd, Unit 38, 10/F Profit Industrial Bldg, 1-15, Kwai fung cresent Kwai Chung New Territories, Hongkong |
Vertigo India Outdoor Services Pvt
Ltd 115, Ashism Indl. Estate, Gokhale Road Adar, Mumbai |
Advertising | Mumbai | amendment in the existing FC approval | No fresh inflow is involved |
| 19 | M/s. Production Facilities Pte Ltd, Singapore | M/s. Inhouse Productions Pvt, Ltd B-50, Deluxe Building Off New Link Road Near Monginis, Andheri Mumbai |
Manufacture of TV software | Mumbai | Amendment in the existing approval | No fresh inflow is involved |
| 20 | BGS Smartcard systems A-1180, Cvienna Gerstoferstrasse 131 Austria |
BGS Smartcard systems A-1180, Cvienna Gerstoferstrasse 131 Austria |
smart card based fund transfer/payment systems and solutions | Delhi | 100% | 4.10 |
| 21 | Co Tech Ltd Par La Ville Place 14, Parlaville Road Hamilton HM JX Bermuda |
Co. Tech Software Private Ltd 2709, 2nd Floor, 18th Main 5th Cross HAL, 2nd Stage Indira Nagar, Bangalore |
Export of software | Bangalore | 100% | 0.15 |
| 22 | Kemoil Limited, Hong Kong Steve Vicinanza Mr Denards Mill Road Mariett A, Georgia 30067 USA Eugene B, Ceccotti, Mr 5/0, Fairhills Drive, San Rafael, CA ZIP 94901 |
California Software Co. Ltd E-139 A, MG Road Besant Nagar, Chennai |
Computer Software Development and consultancy | Tamilnadu | Acquisition of shares from NRI | 0.40 |
| 23 | Astro E.Com Ltd, Mauritius | Astro E.Com. Limited C/o. Sanjiv Sapra & Associates, C-763, New Friends Colony, New Delhi |
To act as a holding company for making investment in telecom ventures, ISP etc. | Delhi | Amendment in the existing FC approval | No fresh inflow is involved |
| 24 | M/s. WNS (Mauritius) Ltd, Mauritius and M/s. WNS (UK) Ltd, UK |
M/s. World Network Services Pvt.
Ltd. 302, Regent Chambers, Nariman Point, Mumbai |
Computer Software Development | Mumbai | Amendment in the existing approval | No fresh inflow is involved |
| 25 | St James Park Investment Ltd Mauritius |
Powertec Supplies (India) Pvt Ltd C-238, Sector 10 Noida, Distt. Ghaziabad |
manufacture of switch mode power supplies | Noida, UP | Increase in foreign equity from 40% to 48% | 0.04 |
| 26 | Mr. Rajiv Nayar, USA | M/s. I-Flex Solutions Ltd, SDF-1, Unit Nos. 10 & 11, 2nd Floor, SEEZ Aandhri(East) Mumbai |
Software Development | Mumbai | Increase in foreign equity from 1.558% to 1.623% | 0.014 |
| 27 | M/s. Smart Modular Technologies Inc. USA and Force Computers Inc, USA |
M/s. Force Computers (India) Pvt
Ltd No. 60, Koramangala Ring Road, Off Air Port Road, Bangalore |
Software Development | Bangalore | Transfer of two equity shares | No fresh inflow is involved |
| 28 | TNO Management BV Scholemakerstraat 97 P.O. Box 6080 2600 Ja Belft The Netherlands |
100% wholly owned subsidiary | Development of software | Mumbai | 100% | 0.50 |
| 29 | Quick logic Inc, USA | Quicklogic Software (India) Ltd No. 2&3, Charisma Jeevan Bheema Nagar HAL 3rd Stage Bangalore |
Software Development | Bangalore | Increase in foreign equity from 92% to 100% | 0.01 |
| 30 | JD Edwards & Co Denver, Colorado USA ZIP Code 80237 |
100% Wholly Owned Subsidiary | import of software and customisation service | Mumbai | 100% | 0.47 |
| 31 | M/s. GE Pacific (Mauritius) Ltd, Mauritius and M/s. GE Pacific Pte. Ltd Singapore |
M/s. Bently Nevada Corporation, 1617, Water
Street, P.O. Box No. 157, USA |
Computer Software | Mumbai | 100% | 0.11 |
| 32 | M/s. Digitalboardwalk Inc. USA | M/s. Codec Communications Pvt Ltd Plot No. B-1, S.No. 127, Vrindavan Society Navi Peth, Pune |
Computer Software Development | Pune | 100% | 0.0169 |
| 33 | Joy Mining Machinery, Bromyard Road Worcester WR 2 5EG, UK |
Joy Mining Machinery, Bromyard Road Worcester WR 2 5EG, UK |
Mining and mineral handling equipment, conveyors, AFC Pans, AFC Device Bunkers, Feeder brakers bearing | Durgapur, Hyderabad | Increase in foreign equity from 59.99% to 100% | 0.02 |
| 34 | Stream Tracmail Mauritius Ltd 10, Frere Felix De Valois Street, Port Louis Mauritus |
Stream Tracmail Pvt Ltd Stream Tracmail House,Kamala Mills Compound Building A Senapati Bapat Marg, Lower Pareal, Mumbai |
IT enabled services | Mumbai | Amendment in the existing FC approval | No fresh inflow is involved |
| 35 | PanAsia Paper Co Pte Ltd 8 , Shenton Way # 44-01 Temasek Tower Singapore 068811 |
PanAsia Paper Co Pte Ltd 8 , Shenton Way # 44-01 Temasek Tower Singapore 068811 |
Import and distribution of paper | New Delhi | 76% | 0.94 |
| 36 | Carl Zeiss D-73446 Oberkochen Germany |
100% WOS Carl Zeiss India Ltd 18/10, 2nd & 3rd floor Cunningham Road Bangalore |
To import, export, and sell specialised and high technology medical, surgical and optical equipment and to provide pre-sale and after sale support | Bangalore | 100% | 7.00 |
| 37 | Busak + Shamban Pvt Ltd 2951 28th Street, Suite 2010 Santa Monica California 90405 |
Busak + Shamban Seals &
Bearing Pvt. Ltd. Off. Shah Sultan Complex Cunningham Road Bangalore |
Manufacture of high pressure hydraulic seals and bushings | Bangalore | Increase in foreign equity from 60% to 80% | 1.11 |
| 38 | Matushita Electronic Industrial Co Ltd Osaka Central 288 Osaka 530 91 Japan (MEI) |
Matsushita air conditioning India
Pvt Ltd A-11 & 12, SIPCOT Indl. Park, Irungattukottal, Sriperumbudhur Taluk Kancheepuram Distt Tamil Nadu |
Manufacture of airconditioners | Not indicated | Increase in foreign equity from 90% to 100% | 10.50(at par) |
| 39 | Thermo Electron Corporation 81, Wyman Street P.O. Box No. 9046 Waltham MA 02454-9046 USA |
Thermo Gamma-Metrics India Pvt Ltd 415, 4th Floor City Point 193, Dhole Patil Road pune |
Manufacture of weighting systems etc. | Pune | Amendment in the existing FC approval | No fresh inflow is involved |
| 40 | M/s. Moog Inc, USA | M/s. Moog Controls (I) Pvt Ltd Plot -1,2 & 3 Electric City Bangalore |
Servo control mechnisms and components | Bangalore | Transfer of two shares | No fresh inflow is involved |
| 41 | M/s. Financiere Des Applications De
L’Electricite S.A. Rue De Lusambo 67 B-1190, Brussels Belgium |
Keselec Schreder Pvt Ltd 69, Friends Colony West Mathura Road New Delhi |
Manufacturing of electrical photometrically controlled outdoor lighting luminaries | Faridabad | 60% | 0.60 |
| 42 | M/s. Dampex Inc. 279, Boulde St-Adele, Sainte-Adele, quebec Canada, J8P-1A9 |
Keld Ellentoft India Pvt Ltd 1-5, Vyasarpadi Industrial Area, Chennai |
Manufacture of Non-Metallic Expansion joints used in core sector industries such as power, steel, cement, fertilizer and other core sector industries | Chennai | 10% | 0.41 |