Government of India
Ministry of Commerce & Industry
Department of Industrial Policy and Promotion
(Foreign Collaboration Division)

***

Udyog Bhavan, New Delhi-110 011
Dated, the 19th October, 2001.

 

PRESS RELEASE

 

                On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 33 proposals of Foreign Direct Investment amounting to around Rs. 380.00 Crore. The major investment proposals pertain to Sectors such as Engineering Industry, Software development, Machine Tools, Electrical & Electronics Components, Tourism , Leather Footwear and consultancy . A list of proposals cleared is enclosed.

 

(I. SRINIVAS )
DIRECTOR

 


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.

M/s. Ashland Holdings Inc.,

5200 Blazer Parkway, Dublin, Ohio 43017, USA

M/s. Drewtreat Chemicals Ltd.,

Chembond Centre, EL-71, Mahape MIDC, Navi Mumbai

Mfr, sale and distribution of water treatment chemicals

Mumbai

Amendment in the existing FC approval

No fresh

inflow is involved

2.

M/s. Associates First Capital Corporation,

250, Carpenter Freeway

P.O. Box 660237

Dallas, Texas - 75266-0237

USA

M/s. Associated First Capital Corporation, 707 Kailash Bldg., 26 Kasturba Gandhi Marg,

New Delhi

setting up a holding company to invest in step down subsidiaries in NBFC fields

New Delhi

Amendment in the existing FC approval

No fresh

inflow is involved

3.

M/s. Koeleman Food International B.V., Holland

M/s. Koelemen India Pvt Ltd.,

452,IV Main, Indiranagar,

II Stage, Bangalore-560038

Processed vegetables and fruits

Bangalore

70.66% to 77.77%

0.16

4.

M/s. Matsuda Industry Inc.,

3-26, 3-Cho Hokusho-Machi

Sakai Osaka 590, Japan

M/s. Sona Cold Forgings Ltd., Indra Prakesh, 21 Barakhamba Raod, New Delhi

Manufacture of Sona Cold Forged components for Automobile Industry

Gurgaon

Amendment in the existing FC approval(Transfer of shares from OCB to FC)

No fresh

inflow is indicated

5.

M/s. Chatterjee holdings (Mauritius) Co.,

Les Jamalas Building, Vieus Conceil Street, Port Louis, Mauritius

M/s. Kirloskar Systems Ltd.,

P.B.2475, Hebbal Agricultural Farm Post, Post Hebbal, Bangalore

Mfr of various auto components viz transmission, rear axles

Bangalore

Amendment in the existing FC approval

No fresh

inflow is involved

6.

M/s. Embtech Holdings Ltd, Mauritius

3rd Fllor, Cervie House,

P.O. Box 322, La Chaussee,

Port Louis, Republic of Mauritius

M/s. Hinditron Informatics Ltd.,

63-B, SDF II, SEEPZ,

Andheri (East) Mumbai

Software Consultancy & development

Mumbai

Increase in foreign equity from 84% to 86% by issue of right shares & warrants

Inflow

not

indicated

7.

M/s. Telenets Inc.,

1750 Tysons Blud, 4th Floor,

Mclean, Virginia, 22102, USA

Mr. Amarjeet Singh Saini,

406 Shri Ram Tower,

13 Ashoka Marg, Lucknow

Telecom software solutions

Lucknow

100%

0.05

8.

M/s. Culver Holdings Plc., UK

M/s. Culver India Pvt. Ltd.,

Jehangir Building, 3rd Floor

133, Mahatma Gandhi Road,

Fort, Mumbai - 400 023.

Software Development

Mumbai

 

100%

0.01

9.

 

M/s. Caparo Group Ltd., UK

Caparo House 103, Baker Street

London

W1M;2LLN

M/s. Caparo India Pvt Ltd

1-168, New Friends Colony, New Delhi

Activities pertaining to various sectors viz infrastructure, industrial and services activities in India

Not indicated

 

 

 

 

 

 

Amendment in the existing FC approval

No fresh

inflow is involved

10.

Mr Kattiya, Thailand

Mr Bruce, USA

Mr Siripong, Thailand

M/s. Silver Rain Exports Pvt Ltd

Plot No.59/9, A-2, Kothari Compound, Five Acre,

Tikujiniwadi Road, Chittalsar, Manpade, Thane-400607

Manufacture of Artificial flowers and decorative items

Mumbai

from 80% to 100%

0.002

11.

International Equipment Distributors Ltd. (IED)

181, south Esplanade, St. Peter Port, Guernsey

Hydraform India Private Limited

95, Vinoba Puri,

New Delhi -110 024

selling of building block making machines and technology for making bricks made from soil-cement, fly ash-cement and other indigenous materials

New Delhi

100%

0.50

12.

M/s. Essef Corporation,

Industrial Parkway, Chardon, Ohio

M/s. Structural India Pvt Ltd.,

L-52-55, Verna Indl. Estate, Verna Salcette, Phase II, Goa

mfr and sell fibre glass composite pressure vessels

Verna Industrial Estate, Goa

Conversion of ECB of US $ 3.00 million into equity

14.10

13.

M/s. Akzo Nobel Coating International BV., Velperwerg 76, Postbus 9300 NL-6800SB, Arnhem, The Netherlands

M/s. Chicago Coatings Corporation Ltd.,

16/10, Devendra Society,

Naranpur, Ahmedabad

Non acqueous and acqueous paints

Mehsana, Gujarat

Amendment in the existing FC approval

No fresh

inflow is involved

14.

Major Brijendra Singh (Retd)

C/o Mannai Trading Corporation

P.B.No.76, Doha, Qatar

M/s. Sowar Pvt Ltd

LTG Building,

Copernicus Marg, New Delhi

Consultancy & Services

New Delhi

20.15% to 20.39%

0.0005

15

M/s. Fildan Accessories (H.K) Ltd, Block E, Ist Floor,

Mai Tak Industrial Building,

221, Wai Yip Street, Kwun tong Kowloon, Hong Kong

M/s. Fildan Accessories (India) Pvt. Ltd., 36/22, Krishnaswamy Avenue, Luz, Mylapore, Chennai

Mfr injection moulded plastic components

Chennai

49%

0.735

16.

M/s. Perstrop Speciality Chemicals Holding BV, Nederlands (FIN)

M/s. Perstorp AB, Sweden (Tech.)

M/s. Perstorp Aegis Chemicals Ltd,

Coral Classic, 4th floor

20th Road, Chembur

Mumbai - 400 071

Manufacture and dealing in chemicals, chemical compounds/organic & inorganic in all forms

Mumbai

Amendment in the existing FC approval

No fresh

Inflow is

Involved

17

Global Emb-tech Pte. Ltd.

209 Henderson Road

# 03-02 Henderson Industrial Park

Singapore 159551

FAX 377 2272

Not indicated

sales and marketing support to multi-head electronic embroidery machines and related equipments

New Delhi

100%

0.40

18

Pernod Ricard Group

142, Boulevard Haussman

75008, Paris

France

M/s. Seagram India Pvt. Ltd,.

F block, S-2 Level

International Trade Tower,

Nehru Place, New Delhi-19

Manufacture and distribution of alcoholic products, Manufacture and processing of fruit based products, fruit juices

New Delhi

Amendment in the existing FC approval

No fresh

inflow is

involved

19

M/s. Tyco Asia Investments Ltd., 210, Saint James Court,

Rue St. Denis,

Port Louis, Mauritius

M/s. Precision Interconnect India Pvt Ltd., C/o Kochhar & Co.,

#202, Prestige Meridian,

30 MG Road, Bangalore

 

mfr, assembly & trading for export of goods, parts and accessories relating to high performance interconnect assemblies

Bangalore

Amendment in the existing FC approval

No fresh

Inflow is

Involved

20

 

M/s. Swhwing Steller Swing Project GmbH, 6, Heerstr, 9-27 D-446553, Herne, Germany

 

M/s. Schwing Stetter India Pvt Ltd., 4/107 Ramapuram Road, Sathya Nagar, Manapakkam,

Chennai

Import of equipment/spares for after sales service

Maharashtra

Amendment in the existing FC approval

No fresh

inflow is

involved

21

M/s. Samsung Electronics Co Ltd., 416, Maetan-3, Dong Paldel-GU, SUWON CITT, Kyungki,

South Korea

M/s. Samsung Electronics India Information & Telecommunication Ltd., 2nd Floor, 47 Ring Road,

Lajpat Nagar-III, New Delhi

 

Mfr of state of the art colour monitors, mktg operations concerning state of the art, high technology, hi-value models

New Delhi

Amendment in the existing FC approval

No fresh

inflow is

involved

22.

 

M/s. B.C Components International BV., P.O.Box 8777, 5605 LT Eindhoven,

The Netherlands

BC Components India Pvt Ltd.,

Loni-Kalbhor, Near Pune (C.Rly) – 412201

 

Manufacture and trade of passive electronic components

Loni-Kalbhor Near Pune

Increase in paid up capital in a 100% foreign equity company

13.00

 

23.

Mr Chan Chai Wan Simon & Mr. Leewai Hong Paul, Singapore

M/s. eHRIT India Pvt. Ltd.,

5th Floor, R.R.Towers, Kavuri Hills, Madhapur, Hyderabad

 

Software development

Hyderabad

Transfer of 200 equity shares of 10/- each

No fresh

Inflow is

involved

24.

Mr K. Sangha, Global Communication Ring, Inc., 360 North Sepulveda Bwd, Suite 1056, EL Segundo, California,USA

M/s. IRM Information Technolog Ltd,

SCO 363-364

Sector 358, Chandigarh

 

Software related services & call Centre

Chandigarh

40%

0.60

25.

Mr. Prasad V. Potluri, 6750, Enclave, West Bloomfield, Michigan, USA

M/s. Karvy Consultants Ltd,

Karvy House,

No. 46, Avenue 4, Street No. 1

Banjara Hills, Hyderabad

 

Software Development

Hyderabad

21.82%

0.92

26.

M/s. Foresight Petroleum Ltd,

Mauritius and

M/s. Campagnis Indsutrelle Maritime, France(Technical Collaborator)

M/s. Foresight Ltd.

E-9, Saket(2nd Floor)

New Delhi -110 017

 

Construction of oil storage facilities

Gujarat

Amendment in the existing approval

No fresh

inflow

is involved

27.

Bona Shipping India Limited (BSNL) Cedar House,

41, Cedar Avenue, PO Box HM 1179, Hamilton, HM EX, Bermuda.

Teekay Shipping (India) Pvt. Ltd.

135, Mittal Towers, C Wing

Madame Cama Road,

Nariman Point

Mumbai - 400 021

All types of shipping services

Mumbai

99.9%

0.016

28.

(i) M/s. B.T (Netherlands) Holdings BV

(ii) M/s. General Mobile Co Ltd., UK

M/s. Bharti Cellular Ltd, Qutab Ambience, H-%/2, Old Mehrauli Road, New Delhi

 

Cellular mobile telecom services, internet services, web site communications and other value added services in telecom sector

Not indicated

Amendment in the existing FC approval

No fresh

inflow is

involved

29.

M/s. Triumph International Overseas Ltd., Auelestrasse 74, Vaduz/Liechtenstein, HongKong

M/s. Intimate Fashion (India) Pvt Ltd., Thirupporar-Kottamedu

High Road, Nandhivaram Village, Guduvancheri, Kanchipuram Distt.603202

 

Develop, design, Mfr, Market & distribute foundation garment products

Delhi

Amendment in the existing FC approval

No fresh

inflow is

involved

30.

M/s. Thomas Cook Overseas Ltd

6 Midford Place, London WIT5BF

M/s. Thomas Cook Overseas Ltd

 

Travel related services

Mumbai

Increase in

foreign equity

from 40% to 60%

 

 

 

 

105.31

31.

M/s. Renka Corporation, Two Corporation Way, Peabody, MA01960, USA

M/s. Renka India Pvt. Ltd.

Renka Corporate Centre

3, Kodambakkam, High Road,

Chennai - 600 034

 

Surge supressers, Moulded case circuit breakers

Chennai

Increase in foreign equity from 99.90% to 100%

0.95

32.

M/s. ISKRAEMECO, d.d.

Savska Loka 4

4000 Kranj

M/s. Seahorse Industries Ltd.,

301, Navratan Bldg., 69, P.DMello Road Carnac Bunder, Mumbai

 

Manufacture electrical energy meters

Mumbai

51%

10.34

33.

DPS Universal Ltd,

P.O Box No. 55

Cambridge, England UK

Wholly Owned Subsidiary

Camp Office: 463, Parnasree,

Kolkota-700 060

Leather Foot Wear

Burdwan, West Bengal

100%

235.00