.

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

 

Udyog Bhavan, New Delhi-110 011
Dated, the 20th November, 2001.

 

PRESS RELEASE

On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 39 proposals of Foreign Direct Investment amounting to around Rs. 203.00 Crore. The major investment proposals pertain to Sectors such as chemicals and petro-chemicals, software development, ISP & other IT related services, Electrical industry, Engineering equipment & accessories, Telecommunications and NBFC activities . A list of proposals cleared is enclosed.

 

( M.S. SRINIVASAN )

Joint Secretary to the Govt. of India

 

 

FIPB MEETINGS HELD ON 01.11.2001 & 08.11.2001

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 crore)

 

1

E. Merck, Germany
Merck AG, Switzerland E-Merch Post fach - 4119, 6100 Darmstadt -1, Germany

M/s. E.Merck (India) Ltd. Shiv Sagar Estate AA@ Worli,  Dr. Annie Besant Road
Mumbai - 400 018

Basic vitamins, drugs, laboratory & fine chemicals, reagents, pharmaceutical specialities & diagnostics

Mumbai

 

Amendment in the existing FC approval

No fresh inflow is involved

2

Dr. Mohan Swami, Malaysia and Dr. Rajiv Vashisht, UK

M/s. Hutla Pharmaceuticals Exports Ltd. 44, 1st Main Road, Gandhi Nagar, Adayar,Chennai - 600 020

Pharmaceutical formulations

Chennai

Increase in foreign equity from 24.07% to 47.79%

1.29

 

3

Ansys Inc, USA Southpoint 275 Technology Drive, Canonsburg, PA15317, USA

M/s. Ansys Inc., C/o Price Waterhouse & Co., Sucheta Bhawan,11-A, Vishnu Digamber Marg, New Delhi

Market distribute & promote sale of software & software consultancy

New Delhi

Amendment in the existing FC approval

No fresh inflow is involved

 

4

1. View Asset Management Ltd, Mauritius
2. Hewitt Associates LLC,
Mauritius

India Life Asset Management Co. Ltd., 214 Dalamal Towers, Nariman Point, Mumbai

Offer investment, management services to institutional funds, debt funds and other mutual funds

Not indicated

Increase in foreign equity from 49% to 65.20%

12.69

5

Raychem International Manufacturing Corporation
300 Constitution Drive
Menlo Park,CA 94025-1164

M/s. Tyco Electronics Tools India Pvt. Ltd. Plot No. 44, Cochin Special Economic Zone Kakkanad, Cochin-682030

Manufacture of tools and dies for the manufacture of connectors and inter-connectivity devices for the electronics industry

Cochin

Transfer of 3 shares of Rs. 10/- each

No fresh inflow is involved

6

Shoei Mfg. Co. Ltd.
9-11, Setoguchi, 4 Chome, Hiranoka Osaka, Japan

M/s. Finishing Furnace Systems (India) Pvt. Ltd. Gat No. 118, Alandi Markal Road,Vill. Dhanore, Tal-Khed Distt. Pune, Maharashtra - 412 105

Manufacturing of Aluminium Central Melting and Holding Furnaces

Khed, Pune, Maharashtra

20%

0.28

7

M/s. Asian Finance & Investment Corporation Ltd,
80, Raffles Place,
# 56-01 UOB Plaza 1
Singapore 0104

M/s. Elbee Services Ltd.
11, Sahakar Road, Vile Parle (E) Mumbai - 400 057

Air and ground transportation of time sensitive packages

Mumbai

Increase in foreign equity from 0.45% to 1.33%

1.68

8

Stream Tracmail Mauritius Limited
10, Fere Feleix De Calois Street,Port Louis,
Mauritius

M/s. Stream Tracmail Pvt. Ltd.
Stream Tracmail House, Kamala Mills Compound, Building >A= Senapati Bapat Marg, Lower Parel,Mumbai - 400 013

Providing services of all nature in area of internet and/or internet enabled communications and services

Mumbai

Transfer of 20 equity shares of 10/- each

No fresh inflow is involved

 

09

M/s. Ford Motor Company, USA
American Road, Dear horn, Michigan - 48121, USA

M/s. Mahindra Ford India Ltd., Mahindra Towers, P.O.Box No.9924, Worli Road No.13, Worli, Mumbai-400018

Manufacture of fuel efficient passenger cars, Automotive components & Accessories

Nasik, Maharashtra

Amendment in the existing FC approval

No fresh inflow is involved

10

M/s. Wartsila Technology Oy Ab., P.O.Box 25, (Tarhaajantie 2), 55-F, 65101, Vaasa, Finland

Wartsila Diesel (I) Ltd., Mumbai Pune Road, Khopoli, Khalapur, Distt: Raigad, Maharashtra

Diesel engines & diesel generating systems

Raigad, Maharashtra

foreign equity increases from 51% to 100%

6.934

11

Federal-Mogul Pty Ltd.,
83, Bourke Road - Alexandria, NSW 2015, PB No 165, Australia

M/s. Federal Mogul Automotive Products(INdia) Pvt. Ltd., SP-812/B1&2, Riico Industrial Area, Phase-III, Bhiwadi, Distt: Alwar, Rajasthan

Manufacture of ignition products, wiper products, lighting products and automotive components

Delhi

Amendment in the existing FC approval

No fresh inflow is involved

 

12

Vedaris Limited,
101, Back Church Lane,New Loom House, London - E1 1LU
U.K.

M/s. FSD International (P) Ltd
A-43, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi -44.

Development of computer software

Delhi

Amendment in the existing approval

No fresh inflow is involved

 

13

M/s. Accor Asia Pacific Ltd., 138 Robinson road, #1700, Hong Leong Centre, Singapore

M/s. Accor Asia Pacific Ltd.
C/o DeloitteHaskins & Sells, Chartered Accountants, 15th Floor, Dr Gopal Das Bhavan, Barakhamba Road, New Delhi

Invest in and develop more hotels and other tourism related project in India

Not Applicable

Amendment in the existing FC approval

No fresh inflow is involved

14

1. Ciro Cattaneo, Italy
2. Tania Alexandria, VI A Salaria No.15HD, Rome, Italy

M/s. Cita Foods Pvt. Ltd., 32, II Avenue, Besant Nagar, Chennai

Setting up restaurants to service speciality made italian pizzas and other items

Channai

increase in foreign equity from 99.80% to 100%

Inflow Not indicated

 

15

Financial Collaborators:

1. Mr. Stephen Rushmore
372, Willis Avenue, Mineoh,New York - 11501(USA)
2. Keith Kefgen 245, East 93rd Street Apt, 17 A New York
NY 10128, USA

Technical Collaborator:

HVS Licensing LLC
22 Shepherd Lane Roslyn heights, New York -11577, USA

 

M/s. S.K.M. Executive Search Pvt. Ltd.
C-67, 2nd Floor, Anand Niketan, New Delhi -110 021

Specialized services in the area of search, assessment, training and placement of executives for the hospitality industry

New Delhi

50%

0.062

 

16.

M/s. NISHIMEN CORPORATION
23-31, NISHIKI, 3-Chome Naka-Ku,
Nagoya - 460 003 Japan

M/s. NICHIMEN CORPORATION
C/o. NM Tronics Inia (P) Ltd
310-311, Prakash Deep Building, 7, tolstoy Marg,New Delhi -110001

To procure surface mount technology(SMT) machines on commission basis and to provide after sales service and consultancy to SMT machines

New Delhi

Amendment in the existing FC approval

No fresh inflow is involved

17.

AB SKF,
Hornsgatan, 1 S-415 50, Goteborg, Sweden

SKF Bearings India Limited,
Mahatma Gandhi Memorial Building,Netaji Subhash Road, Mumbai - 400 002.

Manufacture of ball and roller bearings and components

Mumbai

Increase in foreign equity from 50.80% to 76.6%

6.49

18

Mr. Ashwini Puri and
Ms. Aparna Puri

M/s. Complete Surveying Technologies Pvt. Ltd.
6/4, East Patel Nagar, New Delhi -110 008

Telescopic Aluminium levelling staff

Delhi

Increase in foreign equity from 81.14% to 100%

0.028

19

Mobil Petroleum co. Inc.,
3225, Gallows Raod, Fairfax, Virginia, State of Delware, USA

M/s. Indo Mobil Pvt. Ltd., P.B.No.1, DLF Qutab Enclave, Gurgaon, Haryana

Manufacture of lubricant speciality products

Not indicated

increase in foreign equity from 50% to 100%

22.00

 

20

Schenectady International Inc. USA
1302, Congress Street & Tenth Avenue, Schenectady, New York 12303, USA

Schenectady (India) Holdings Pvt. Ltd.
Beck House, Damle Path, Off Law College Road,Pune - 411 004

Manufacture of wire enamles and other chemicals

New Delhi

Amendment in the existing FC approval

No fresh inflow is involved

21

 

 

E.W Ltd,( A group co. of M/s. Gulbrandsen Mfg. Inc. USA)
C/o. EMEST & Young Financial Services Limited
Louis Leconte Street, Curepipe, Mauritius

Gulbrandsen Chemicals Private Limited
601, Happy House, Hatiskar Lane, Prabhadevi
Mumbai - 400 025.

Manufacture of Anhrous Aluminium Chloride

Ekkalbara Near, Baroda

Amendment in the existing FC approval

No fresh inflow is involved

22

Sumitomo Chemical Company Ltd. Japan
27-1, Shinkawa, 2-Chome Chou-ku Tokyo 104-8260 Japan

S.C. Enviro Agro India Private Limited

Manufacture of various pesticides for house hold insecticides

Tarapur, Maharashtra

Amendment in the existing FC approval

No fresh inflow is involved

 

23

M/s. Mitsubishi Corporation, Japan
6-3, Masunouchi 2-Chome Chiyoda-ku, Tokyo, Japan

MC International India Pvt Ltd
Vijaya
17, Barakhamba Road,
New Delhi -110 001

International trading operations involving export and bulk import of permissible items

New Delhi

Amendment in the existing FC approval

No fresh inflow is involved

24

Synplicity Inc.
935, Stewart Drive, Sunnyvale, California 94085, USA.

Synplicity Software India Pvt. Ltd.
Unit No. 2, 3rd Floor,Innovator,International Tech. Park Whitefield Road, Bangalore - 560 066

Wholesale trading of Synplicity=s Electronic Design, Automation products/tools

Bangalore

expansion of activitiesNo fresh inflow is involved

 

 

25

M/s. FIDIS SPA
Cso G Agneli, 200 10135
Torino, Italy

M/s. Fiat Sundaram Auto Finance Limited,
Fiat India Pvt Ltd Complex, L.B.S. Marg, Kurla (W)
Mumbai - 400 070.

NBFC activities

Bombay

Amendment in the existing FC approval

No fresh inflow is involved

26

Standard Life Investments
1 George Street, Edinburgh, EH2LL  Scotland.

Housing Development Finance Corporation Ltd,
Ramon House, H.T. Parekh Marg, 169, Backbay Reclamation, Churchgate,
Mumbai - 400 020

NBFC activities

Mumbai

Increase in foreign equity from 26% to 39.90%

40.03

 

27

Andiamo Systems, Inc.,
375 E West Tasman Drive San Jose, CA95134  USA

M/s. Andiamo Software Systems Pvt Ltd.,
5th Floor, Sona Towers, 71 Millers Road, Bangalore

Software development and exports

Bangalore

8.64%

0.01

28

SNF SA Floerger
41, Rue Jean Huss42028 ST-Etienne Cedex 1
France

M/s. ION Exchange (India) Ltd., Tiecicon House, P.O.Box 6273,Dr E. Moses Road, Mahalaxmi, Bombay

Manufacture & sale of water soluble polymers

Mumbai

Increase in foreign equity from 40% to 100%

1.5

29

Scientific Games International Inc., 1500 Bluegrass Lakes Parkway Alpharetta, Georgia 30004, USA

M/s. Scientific Connections India Pvt Ltd.,
Apartment 301 Four Seasons Aptts., 16 Bruton Road, Bangalore

Wholesale trading of uniquely coded prepaid calling cards etc.

Bangalore

100%

77.89

30

ABB Asea Brown Boveri Limited, Zurich
AFFOLTERNSTRASSE 44 P.O. Box 8131 CH - 8050, Zurich, Switzerland

Asea Brown Boveri Limited,
Plot No. 22A, Shah Industrial Estate, Ist Floor, Off. Veera Desai Road, Andheri(West), Mumbai - 400 053

Providing Industrial IT Services, Project managing and mfg. Products for oil, gas and petrochemicals sector etc.

Mumbai

Increase in F.E. from 50.99% to 52.11% and also issue of preference shares

8.46

 

31

M/s. Novellus Systems International Inc. USA and
M/s. Novellus Systems Inc. USA 4000 N, First Street, San Jose, CA 95134

M/s. Novellus Systems (India) Pvt. Ltd.
Leparc Rchemonde, 2nd Floor,51 Richmond Road, Bangalore

Computer Software Development

Bangalore

Increase in equity from 99.999% to 100% by way of transfer of 2 shares of Rs. 10/- each

No fresh inflow is involved

 

32.

Vallibel Lanka (Pvt.) Ltd.
27-2, East tower, World Trade Centre, Echelon Square, Colombo

100% WOS(details not given)

Manufacture of Laser toner Catridges, Inkjets, catridges, dot matrix printer ribbons.

Chennai

100%

0.50

33

Indocean Portal Holding Limited
3rd Floor, Les Cascades, Edith Cavell Street, Port Louis, Mauritius

Chem Bazaar Online Private Limited
213-215, Dimple Arcade Asha Nagar, Kandivli (E) MUMBAI - 400 101

To set up an internet website for trading, targetted at the chemical industry

Mumbai

Increase in foreign equity from 70% to 100%

9.63

34

Invensys International BV,
Rechtzaad 17, 4703 RC Roosendaal,
The Netherlands

M/s. Baan Info Systems India Ltd.,
311-324, Bonanza sahar plaza complex, M.V. Road, Andheri East, Mumbai-400059

Software development

Mumbai

99.99%

0.15

 

35

Fujitsu Limited,
1-1, Kamikodanaka, 4-chome, Nakahara-ku, Kawasaki 211-8588, Japan

Fujitsu Limited,
C/o Vaish Associates, 10 Hailey Road, Aptts. 5,6 & 7, New Delhi-110001

Manufacture, assembly, repair and research of electronic and telecommunication equipment

New Delhi

60%

7.00

 

36

M/s. Benetton International
( a 100% owned company of M/s. Benetton Group) NV, Keizersgracht 604, 1017 EP Amstardam,
The Netherlands

DCM Benetton India Limited
Kunchengunga Bldg. Ist Floor, 18, Barakhamba Road,
New Delhi -110 001.

An integrated manufacturing facility for Textile Sector in the Knit Fabric Area.

New Delhi

Amendment in the existing FC approval

No fresh inflow is involved

37

M/s. HARO -Teppiche GmbH & Co. KG Jakobsberg 10   96332 Pressig -Rothernkirchen Germany

HARO Paliwal Private Limited
Paliwal Nagar, G.T. Road, Panipat,
Haryana - 132 103

Manufacture of handwoven woollen rugs, handeoven cotton rugs, handwoven duggets

Panipat, Haryana

Amendment in the existing FC approval

No fresh inflow is involved

 

38

The India Private Equity Fund( Mauritius)
Indocena Pizza Holding Limited (Mauritius)

Domino=s Pizza India Limited
2, Western Avenue, Maharani Bagh,
New Delhi -110 065

Manufacturing, processing, distribution of all kinds of pizza ingredients and operate franchise restaurants and eateries

New Delhi

Increase in foreign equity from 25.10% to 27.74%

5.28

 

39

Saint-Gobain Vitrage,
Les Miroirs, 18, avenue d=Assace - 92096 LaDefense Cedex, France

Compagnie De Saint Gobain
C/o. Grindwell Norton Ltd. 148, M.G. Road,
Bombay - 400 011

Manufacture of Float Glass

Kattar Ampakkam, Irunkattukottai, Tamil Nadu

Increase in foreign equity from 51% to 51.32%

0.98