| 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 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 ) |
|
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 floor20th 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 |