.
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 |
M/s. E.Merck (India) Ltd. Shiv Sagar Estate AA@ Worli, Dr. Annie Besant
Road |
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 |
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 |
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. |
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, |
M/s. Elbee Services Ltd. |
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 |
M/s. Stream Tracmail Pvt. Ltd. |
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 |
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., |
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, |
M/s. FSD International (P) Ltd |
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. |
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 |
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 Technical Collaborator: HVS Licensing LLC |
M/s. S.K.M. Executive Search Pvt. Ltd. |
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 |
M/s. NICHIMEN CORPORATION |
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, |
SKF Bearings India Limited, |
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 |
M/s. Complete Surveying Technologies Pvt. Ltd. |
Telescopic Aluminium levelling staff |
Delhi |
Increase in foreign equity from 81.14% to 100% |
0.028 |
|
19 |
Mobil Petroleum co. Inc., |
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 |
Schenectady (India) Holdings Pvt. Ltd. |
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) |
Gulbrandsen Chemicals Private Limited |
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 |
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 |
MC International India Pvt Ltd |
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. |
Synplicity Software India Pvt. Ltd. |
Wholesale trading of Synplicity=s Electronic Design, Automation products/tools |
Bangalore |
expansion of activitiesNo fresh inflow is involved |
|
|
25 |
M/s. FIDIS SPA |
M/s. Fiat Sundaram Auto Finance Limited, |
NBFC activities |
Bombay |
Amendment in the existing FC approval |
No fresh inflow is involved |
|
26 |
Standard Life Investments |
Housing Development Finance Corporation Ltd, |
NBFC activities |
Mumbai |
Increase in foreign equity from 26% to 39.90% |
40.03 |
|
27 |
Andiamo Systems, Inc., |
M/s. Andiamo Software Systems Pvt Ltd., |
Software development and exports |
Bangalore |
8.64% |
0.01 |
|
28 |
SNF SA Floerger |
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., |
Wholesale trading of uniquely coded prepaid calling cards etc. |
Bangalore |
100% |
77.89 |
|
30 |
ABB Asea Brown Boveri Limited, Zurich |
Asea Brown Boveri Limited, |
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 (India) Pvt. Ltd. |
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. |
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 |
Chem Bazaar Online Private Limited |
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, |
M/s. Baan Info Systems India Ltd., |
Software development |
Mumbai |
99.99% |
0.15 |
|
35 |
Fujitsu Limited, |
Fujitsu Limited, |
Manufacture, assembly, repair and research of electronic and telecommunication equipment |
New Delhi |
60% |
7.00 |
|
36 |
M/s. Benetton International |
DCM Benetton India Limited |
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 |
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) |
Domino=s Pizza
India Limited |
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, |
Compagnie De Saint Gobain |
Manufacture of Float Glass |
Kattar Ampakkam, Irunkattukottai, Tamil Nadu |
Increase in foreign equity from 51% to 51.32% |
0.98 |