| 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 35 proposals of Foreign Direct Investment amounting to Rs. 373.00 crore. The major investment proposals pertain to Container freight services, telecommunications and NBFC activities. A list of proposals cleared is enclosed.
( M.S. SRINIVASAN ) |
FIPB MEETING HELD ON 04.06.2001
| S.No. | Name of the company | Activity | Percentage of FDI/NRI investment | Amount of FDI/NRI inflow (Rs. in crore) |
1. |
M/s. Monsanto India Ltd |
Research, development, production and sale of hybrid and improved seeds |
Amendment in the existing FC approval |
Inflow not indicated |
2. |
M/s. Solvay Pharmaceuticals B.V., UK |
Manufacture of Pharmaceuticals and chemicals |
21.8% |
1.09 |
3. |
M/s. Enva Chem (India) Ltd |
Manufacturing speciality chemicals & organic surface active agents |
31% |
0.43 |
4. |
M/s. TFL Leather Technique Pvt Ltd |
Bulk import of specialised leather chemicals and dyes |
Amendment in the existing FC approval |
No fresh inflow is involved |
5. |
M/s. CHT (India) Pvt Ltd |
Manufacture and marketing of specialized chemicals used in the textile processing |
Increase in foreign equity form 50% to 100% |
0.50 |
6. |
M/s. DiaSys India Pvt Ltd |
Trading in diagnostic kits |
50% |
0.05 |
7.. |
M/s. Safilo International B.V., The Netherlands (M/s. Osama International Ltd., Malta) |
bulk imports and wholesale traidng of opthalmic frames and sunglasses |
85% |
5.95 |
8.. |
M/s. Housing Development Finance Corporation Ltd |
Housing finance |
Acquisition of 0.99% equity |
68.85 |
9. |
M/s. Credit Suisse First Boston (India) Securities Ltd |
Merchant banking etc. |
Amendment in the existing FC approval |
No fresh inflow is involved |
10. |
M/s. Maersk India Ltd |
Container freight services |
Acquisition of 20 million equity shares |
140.00 |
11. |
M/s. Acuity Software Technologies Pvt Ltd |
web sites and other web based business |
Increase in foreign equity from 58% to 100% |
0.01 |
12. |
M/s. T.K. India Pvt Ltd |
Manufacture of medical and surgical equipment for supply to M/s. Truphatek Sister Companies on a buy back arrangement |
Increase in foreign equity from 90% to 100% |
0.132 |
13. |
M/s. Honda Siel Power Products Ltd |
Electric generating sets |
Permission for tech. payments |
No fresh inflow is involved |
14. |
M/s. BTR Wadco Automotive Ltd | Manufacture of EDPM Weatherstrip for automobiles & anti Vibration Systems |
Amendment in the existing FC approval |
No fresh inflow is involved |
15. |
M/s. Real Image Media Technologies Pvt Ltd |
Recording studio |
25.93% |
1.75 |
16. |
M/s. IMI Software Ltd | Consultancy in the field of software development |
Increase in equity from 16.84% to 25.67% |
3.67 |
17. |
M/s. GRIC Software India Pvt Ltd | Setting up of a software development centre |
49% |
0.61 |
18. |
M/s. eTechlogix Systems India Pvt Ltd | Software development |
Increase in foreign equity from 80% to 100% |
0.01 |
19. |
M/s. Aquila Technologies Pvt Ltd | Development and export of computer software and allied services |
Increase in equity from 2.78% to 3.57% |
0.0328 |
20. |
M/s. De Beers Consolidated Mines Ltd |
expansion of activities (promotion of scientific and indl, research in the field of mining and exploration) |
expansion of activities |
No fresh inflow |
21. |
M/s. Metdist Industries | Copper smelter and refinery project |
Amendment in the existing approval |
No fresh inflow is involved |
22. |
M/s. Maharishi Solar Technology Pvt Ltd |
upgrading the solar technology |
Expansion of activities |
No fresh inflow |
23. |
M/s. Steag encotec (India) Pvt Ltd |
To act as operation and maintenance contractor of power plant |
Transfer of 1000 shares of Rs. 100/-each |
0.01 |
24.
|
M/s. ATS Services Pvt Ltd |
Telemarketing, direct mail, product marketing & software development services |
Increase in foreign equity from 49% to 69.82% |
14.10 |
25. |
M/s. Nokia India Pvt Ltd |
Manufacture Cellular Mobile phones and pagers & software development |
Expansion of activities |
No fresh inflow is involved |
26. |
M/s. Teleweb Network India Pvt Ltd | ISP |
49% |
18.40 |
27. |
M/s. Connecting Network Pvt Ltd | business of all types of telecommunications |
39% |
97.50 |
28. |
M/s. E. Properties (India) Ltd |
Providing general information about real estate |
1.38% |
0.0019 |
29. |
M/s. Vertebrand Management Consulting Pvt Ltd |
Building nuturing and sustaining equity |
18% |
0.0295 |
30. |
M/s. Energizer India Ltd |
Manufacture of alkaline batteries, Lithium batteries and other battery system |
Amendment in the existing FC approval |
No fresh inflow is involved |
31. |
M/s. Siemens Ltd |
Manufacture and marketing of electrical and electronic equipment etc. |
Increase in foreign equity by way of buy-back |
No fresh inflow is involoved |
32. |
M/s. Hallmark Hovis Minerals (I) Pvt Ltd |
Manufacture of high strength ceramic proppants |
40% |
0.64 |
33. |
M/s. Toyo Engineering India Ltd | Engineering and Technical Consultancy |
Increase in foreign equity from 50% to 74% |
11.76 |
34. |
M/s. HT-CGU Project Services Pvt Ltd | Market research, business and management consultancy |
Increase in foreign equity from 50% to 100% |
0.02 Total foreign exchange inflow in a phased manner on need basis would be Rs. 4.60 |
35. |
M/s. Ned Energy Ltd | Manufacture of maintenance free sealed lead acid storage batteries of VRLA type |
Increase in foreign equity from 20.97% to 24% |
0.36 |