| 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 48 proposals of Foreign Direct Investment of about Rs. 683.00 Crore. The proposals cover various sectors like health, pharmaceuticals, leather, canned and frozen vegetables, tourism, IT & web related services, software development & ISP, hi-tech industrial park, infrastructure, electrical and engineering appliances, cement & building material and NBFC activities. A list of proposals cleared is enclosed. (A.C. DUGGAL) |
FIPB MEETING HELD ON 15.03.2001
(No.09/2001)
| S.No. | Name of the company . | Activity | Percentage of FDI/NRI investment | Amount of FDI/NRI inflow( Rs. In crores) |
| 01. | M/s. Eagle Agro Farms Pvt Ltd | Breeding and selling of various poultry products | Increase in foreign equity from 28.57% to 48.44% | 9.40 |
| 02. | M/s. Menarini Raunaq Pharma Ltd | Manufacture of Medicaments | Amendment in the existing FC approval | No fresh inflow is involved |
| 03. | M/s. L.G. Chemicals (I) Pvt Ltd | Manufacture and distribution of bio-pharmaceuticals & biological products | Amendment in the existing FC approval | No fresh inflow is involved |
| 04. | M/s. Bayer Industries Ltd | Manufacturing and marketing of leather chemicals and auxiliaries | Increase in foreign equity from 70% to 100% | 4.46 |
| 05. | M/s. Akzo Nobel Chemicals International BV., The Netherlands | Manufacture of Polymerisation Initiators | Increase in foreign equity from 40% to 74.98% | 34.2 |
| 06. | M/s. Brahma Drug Pvt Ltd | Pharmaceuticals and medical goods | Increase in equity from 50% to 95% | 1.00 |
| 07. | M/s. Etrastar Hardware & Exports (P) Ltd | 100% EOU for building hardware and engineering goods | 100% | 0.30 |
| 08. | M/s. Housing Development Finance Corporation | Portfolio management services, management and advisory activities | 26% | 56.60 |
| 09. | M/s. BNP Paribas Equities Pvt Ltd | NBFC services | Issue of preference shares | 26.00 |
| 10.. | M/s. David Impex Pvt Ltd | export of cosmetics, food products, ready made garments and similar products to London, Germany etc. | Amendment in the existing FC approval | No fresh inflow is involved |
| 11. | M/s. Godrej Pillsbury Ltd | Manufacture of Wheat flour/flour, cake desserts/dessert mixes, canned and frozen vegetables | Increase in foreign equity from 51% to 56.50% | 5.61 |
| 12 | M/s. Sumi Motherson Integrated Technologies Pvt Ltd | Manufacture of Moulds for plastic tools for stamping jigs & fixtures moulds-injection | Amendment in the existing FC approval | No fresh inflow is involved |
| 13. | M/s. Jay Yushin Ltd Ltd | Manufacture of automobile locks, door latches, combination switch | Amendment in the existing FC approval | No fresh inflow is involved |
| 14. | M/s. Honda Siel Power Products Ltd | Electric Generating sets | Amendment in the existing FC approval | No fresh inflow is involved |
| 15. | M/s. Denso India Ltd | Process details, drawings, designs and product specifications for a range of auto electricals | Amendment in the existing FC approval | No fresh inflow is involved |
| 16. | M/s. Indo Japan Lighting Ltd | Lighting equipment for automotive application and moulding tools, jigs | Amendment in the existing FC approval | No fresh inflow is involved |
| 17. | M/s. Hawe Hydraulics Pvt Ltd | Manufacture, design, servicing and marketing products in the field of high quality Oil Hydraulics Components & Systems | 100% | 0.8 |
| 18. | M/s. Isra Agro Tech Systems Pvt Ltd | Consultancy, training in techniques and methods and transfer of know-how relating to Isreali technology | 50% | 0.05 |
| 19. | M/s. IBM India Ltd | Manufacture, marketing and export of computer systems. | Amendment in the existing FC approval | No fresh inflow is involved |
| 20. | M/s. Yelam.Com Pvt Ltd | Web business to carry on E-Commerce based B2B, B2C and C2C and C2C | 100% | 0.23 |
| 21. | M/s. Coderant Systems | IT related services including hardware & software products | 100% | 4.6 |
| 22. | M/s. Powersoft Global Solutions Ltd | Software development | 51.24% | Physical inflow is only 0.25 |
| 23. | M/s. Internet Resources Pvt Ltd | Development of websites | Change in the status of the foreign investment | No fresh inflow is involved |
| 24. | M/s. Tata BP Lubricants India Pvt Ltd | Manufacture and marketing of lubricants | Increase in foreign equity from 50% to 99% | 6.37 |
| 25. | M/s. Total Fina Elf | Providing technical, managerial and operational support services in the development of projects and infrastructure facilities for oil, gas and power sector etc. | 100% | 23.00 |
| 26. | M/s. AMI India Logistics Services Pvt Ltd | Multi-model transport operations | Amendment in the existing FC approval | No fresh inflow is involved |
| 27. | M/s. Broadband Solutions Pvt Ltd | ISP | 100% | 230.00 |
| 28. | M/s. Blue Fashion Trends Pvt Ltd | Manufacturing and sale of readymade garments | Amendment in the existing FC approval | No fresh inflow is involved |
| 29. | M/s. Highland House Pvt Ltd | Manufacture of antiques, brass lamps etc. | Increase in equity in 74% to 90% | 1.8 |
| 30. | M/s. Akio Sugimoto, Japan | Business of restaurants and hotels | 80% | 0.8 |
| 31. | M/s. Hotel & Resort Ventures Pvt Ltd | Business of Hotels, Restaurants and Cafes | Increase in equity from 49.99% to 50% | 0.00007 |
| 32. | M/s. U.B. Transit Systems Ltd | Conducting development studies to carry out financial feasibility study for the Elevated Light Rail Transit Systems | Amendment in the existing FC approval | No fresh inflow is involved |
| 33. | M/s. S.C. Johnson Commercial Markets, Inc., USA | Sourcing of branded products for health-care facility maintenance, food service sanitation products etc. | 100% | 2.3 |
| 34. | M/s. Merchandise Testing Laboratories (India) Ltd | Establishment of testing laboratory to help manufacturers, importers, retailers to meet the testing needs of diverse clients | amendment in the existing FC approval | No fresh inflow is involved |
| 35. | M/s. Reland Comtrust Ceramics (Pvt.) Ltd | Manufacture of glazed roof tiles | Increase in foreign equity from 50% to 100% | 1.00 |
| 36. | M/s. Sigma Marine & Protective Coatings (India) Pvt Ltd. | All types of paints and coatings applications including decorative paints, marine and protective coatings, coil coatings and sealants | Amendment in the existing FC approval | No fresh inflow is involved |
| 37. | M/s. Duga Paints and Varnishes Industry | Manufacture of paints, varnishes lacquers, synthetic polymers, chemically modified natural polymers & printing inks | Amendment in the existing FC approval | No fresh inflow is involved |
| 38. | M/s. Yash Safety Products India Ltd | Manufacture of Pad Locks, Furniture Locks and other Locks | Amendment in the existing FC approval | No fresh inflow is involved |
| 39. | M/s. George Fischer Disa Ltd | High Pressure Moulding systems etc. | Increase in equity from 51% to 74% | Inflow not indicated |
| 40. | M/s. Osram GmbH (Osram India Ltd) | Manufacture and sale of Metal halide and high intensity discharge lamps etc. | Amendment in the existing FC approval | No fresh inflow is involved |
| 41. | M/s. Bonfiglioli Transmissions Pvt Ltd | Manufacture electric motors for the domestic and export markets | Amendment in the existing FC approval | No fresh inflow is involved |
| 42. | M/s. Tamilnadu Industrial Development Corporation Ltd | Setting up of Hi-tech Industrial Park | Increase in foreign equity from 89% to 99% | 148.03 |
| 43. | M/s. Eurotech | Undertaking placement services | 30% | 0.0045 |
| 44. | M/s. Emson Spraytech India Pvt Ltd | Manufacture of finger-controlled pumps and sprayers used in cosmetics, pharmaceuticals, industrial and household products | Increase in foreign equity from 51% to 100% | 3.43 |
| 45. | M/s. Angelo Brothers Company India Ltd | Compact floorscent Lamps | 50% | 2.05 |
| 46. | M/s. Salomon Smith Barney India Pvt Ltd | NBFC activities | Increase in preference equity | 24.91 |
| 47. | M/s. Lafarge India Ltd | Manufacture and sell cement, concrete and aggregates. | Increase in foreign equity from 4.61% to 12.48% | 95.52 |
| 48. | M/s. Nestle India Ltd | Manufacture of instant coffee and chicory roasted coffee blends | Amendment in the existing FC approval | No fresh inflow is involved |