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 37 Cases of Foreign Direct Investment of about Rs. 2620.00 Crore. The proposals cover various sectors like agriculture, bio-technology, machine tools, software development, internet related services, tourism, textiles, portfolio management advice & services, educational and entertainment software, investment in software units under STP scheme, business management & consultancy and Telecommunication services, A list of proposals cleared is enclosed.
( M.S. SRINIVASAN )
|
FIPB MEETING HELD ON 09.10.2000
(No.33/2000)
| Sl. No. |
Name of the Company & Regn. No. |
Activity |
Percentage of FDI/NRI investment |
Amount of FDI/NRI inflow (Rs. in crore) |
| 01. |
M/s. IMV India Pvt Ltd |
Mfg. Assembling, importing etc. and support of research and development in the veterinary products and equipments |
Amendment in the existing FC approval |
No fresh inflow involved |
02. |
M/s.Eagle Agro Farms Pvt Ltd |
Business of poultry products including commercial chicks, hatching eggs & dressed chicken |
28.57% |
9.00 |
| 03. |
M/s. Seagram India Ltd |
Mfr. of non molasses based spirit mfg/blending facility |
Amendment in the existing FC approval |
No fresh inflow involved |
| 04. |
M/s. Quantum Advisors Pvt Ltd |
Portfolio management advice and services |
50.49% |
0.96 and CP Shares worth Rs. 132.00 crore |
05. |
M/s. ABB Holdings (South Asia) Ltd |
To act as a holding company for ABB=s Investment to coordinate management and administration |
Amendment in the existing FC approval |
No fresh inflow involved |
06. |
M/s. Development - Credit Bank Ltd |
Banking, Merchant Banking, International Banking, Offshore finance |
Increase from 15.51% to 37.50% |
6.36 |
| 07. |
M/s. Afro Asian Development Consortium Inc. |
Providing High-tech clean environmental technologies for various industries |
Amendment in the existing approval |
No fresh inflow involved |
| 08. |
M/s. McDonald=s India Pvt Ltd |
Setting up of Mc Donald=s restaurants |
Amendment in the existing FC approval |
No fresh inflow involved |
09. |
M/s. Guanguan Marine Products Pvt Ltd |
Fishing activities |
100% |
0.01 |
10. |
M/s. Asia Pacific Exports Ltd |
Poultry and other slautering preparation and frozen and value added products |
100% ( Issue of preference shares) |
106.00 |
| 11. |
M/s. Honda Siel Car India Ltd |
Manufacture of Motor Cars |
Increase form 90% to 99% |
14.40 |
12. |
M/s. Motor Industries Co. Ltd |
Mfr. of diesel fuel injection equipment, spark plug etc. |
Increase in foreign equity from 54% to 57% by way of buy-back |
No fresh inflow involved |
13. |
M/s. Demag Ergotech GmbH, Germany |
Mfr, Mktg. And sale of injection moulding machines |
50% |
6.909 |
14. |
M/s. Alstom Instrument Transformers Pvt Ltd, France |
Mfg. Of current transformer, capacity voltage transformer, air core reactor etc. |
100% |
15.0 |
| 15. |
M/s. Euro RSCG Advertising Pvt Ltd |
Providing entire range of communication services |
Downstream investment by way of acquisition |
No fresh inflow involved |
16. |
M/s. South Asia Software Experts Ltd |
activities relating to educational and entertainment software |
Amendment in the existing FC approval |
No fresh inflow involved |
17. |
M/s. Zen Communications Pvt Ltd |
Advertising and publicity |
Increase from 60% to 64.666% |
0.56 |
18. |
M/s. Percept Communications Pvt Ltd |
Media buying, planning, strategy and consultancy |
51% |
0.51 |
| 19. |
M/s. HCL Technologies Ltd |
investment in software units under STP scheme |
Issue of ADR |
2250.00 |
20. |
M/s. PA Overseas Holdings Ltd |
Business and management consultancy |
Amendment in the existing FC approval |
No fresh inflow involved |
21. |
M/s. Pixel Infotek Pvt Ltd |
Development of Computer Software |
40% |
0.28 |
22. |
M/s. I-Quest Corporation Ltd, Hong Kong |
In-house internet support management services etc. |
100% |
0.23 |
23. |
M/s. Ajuba Solutions (India) Pvt Ltd |
Call Centre activities, Software Development Activities |
100% |
1.44 |
24. |
M/s. Eximsoft Technologies |
Software Development |
50% |
0.008 and issue of preference shares worth 0.66 crore |
| 25. |
M/s. BHP Khanij Anveshena Pvt Ltd |
prospecting and exploration of minerals |
Expansion of activities |
No fresh inflow involved |
| 26. |
M/s. Royal Dutch Shell Group of Companies, UK |
establishing and operating an LNG import and re-gasification terminal |
Amendment in the existing FC approval |
No fresh inflow involved |
27. |
M/s. J.P. Kenny Pty Ltd, Australia |
Engineering consultancy and project management services to the Oil and Gas industry |
50% |
0.40 |
| 28 |
M/s. Konaseema EPS Oakwell Power Ltd |
To build, own and operate two barge mounted power plants |
Amendment in the existing FC approval |
No fresh inflow involved |
| 29. |
M/s. Egain Communications Corp., USA |
Providing integrated, multi-channel e-customer communications solutions |
Equity Swap |
No physical inflow is involved. |
30. |
M/s. Pascific Netinvest Pvt Ltd |
Telecommunica-tion Services |
49% |
38.31 |
31. |
M/s. Carlyle Asia Investment Advisors Ltd, Hong Kong |
Providing consultancy services including investment advisory, investment management etc. in relation to IT, telecom, internet and Software industry |
100% |
4.50 |
| 32. |
M/s. Berry Mills Pvt Ltd |
Import, export, buy, sell, re-sell and deal in all kinds of Handicrafts, Furniture, Textiles, Finished or semi-finished products |
100% |
0.10 |
| 33. |
M/s. Casto Travel, Inc., USA |
Travel agency business through Internet and travel-related services to international airlines and other travel portals |
100% |
11.37 |
| 34. |
M/s. Appu Hotels Ltd |
Construction of a Five Star Deluxe Hotel |
Increase from 83.62% to 84.70% |
4.00 |
| 35. |
M/s. JMS Detailing Pvt Ltd |
preparation of detail shop drawings for fabrication of structural steel members to be used in construction projects |
Increase in equity from 80% to 100% |
0.31 |
36. |
M/s. Zakiya Atlantic Export |
Mfg. Wooden items |
50% |
15. |
37. |
M/s. Atelier De Realisation Mecanique (Arm) S.A., France |
Mfr of precision components and accessories for medical and Spl. equipment |
50% |
2.80 |