Government of India

Ministry of Commerce & Industry

Department of Industrial Policy and Promotion

(Foreign Collaboration Division)

***

Udyog Bhavan, New Delhi-110 011

Dated, the 27th December, 2000.

 

PRESS RELEASE

 

 

On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 57 Cases of Foreign Direct Investment of about Rs. 3115.00 Crore. The proposals cover various sectors including manufacture of drugs, consumer goods, paints & varnishes, textiles, heavy and light engineering equipments, mineral exploration, computer hardware, software & related services, ISP services, telecommunications, Infrastructure, tourism, cement and engineering & management consultancy. A list of proposals cleared is enclosed.

( P.C. BHATT )

UNDER SECRETARY TO THE GOVT. OF INDIA

 

 

 

S.No.

Name of the Company

and Regn. No.

Activity

Percentage of FDI/NRI investment

Amount of FDI/NRI inflow

(Rs. In crore)

 

01.

M/s. SPIC PHI Seeds Ltd

Mfr. of Hybrid Seeds

Increase in foreign equity from 50% to 100%

78.20

 

02.

M/s. Bostik (Australia) Pty Ltd, Australia

Mfr. of adhesive products

100%

15.00

03.

M/s. Essel Packaging Ltd

Mfr. of closures for carbonated soft drinks

49.9%

2.80

 

04.

M/s. Tradin Organic Agriculture India Pvt Ltd

To develop certified organic crops

100%

0.11

 

05.

M/s. Baldwin Americas Corporation, USA

Mfg. Importing and selling of high technology equipment for the printing industry

80%

0.76

 

06.

M/s. Chiplogic India Pvt Ltd

 

Development of Computer Software

Amendment in the existing approval

No fresh inflow is involved

07.

M/s. Altera Corporation, USA

Mfr and mktg. Of Programmable logic devices (PLDs)

100%

2.33

08.

M/s. Melstar Information Technologies Ltd

Software exports

27%(equity swap)

No fresh inflow is involved

09.

M/s. Gateway Inc., USA

Mfr and sale of computers

100%

13.80

10.

M/s. Nexxoft Infotel Ltd

Software development

18.06%

0.90

 

11.

M/s.Phelps - Dodge - Metdist Mining India Pvt Ltd

Exploration, development, mining & processing of base and precious metals

100%

1.00

 

12.

M/s. BPS Cotton Concepts Pvt Ltd

Mfr. and export of readymade garments

Increase in foreign equity from 71% to 76%

0.37

13.

M/s. Fabindia Overseas Ltd

Designers, buyers, sellers, exporters etc. to whole sale dealers in garments and handcrafts of different kinds

Increase in foreign equity from 40% to 44.44%( by way of buy-back)

No fresh inflow is involved

 

14.

M/s.Royal Indian Resorts & Country Club Pvt Ltd

Developing tourist resort, gold courses, international school and residential project

100%

20.00

 

15.

M/s. Linde Process Technology India Pvt Ltd

Specialized Tech. Engg. Conservation, environment protection etc.

Amendment in the existing approval

No fresh inflow is involved

16.

M/s. ISP Ltd

Razar blades and advanced shaving systems

Amendment in the existing FC approval

No fresh inflow is involved

17.

M/s. Lapp India Ltd

Mfr. of flexible cable and accessories and spl. appln. Cables and systems

Issue of CRPS

27.00

18.

M/s. Nagata India Ltd

Mfr. high tech., State of the art, sophisticated press dies for sheet metal components etc.

Increase in foreign equity from 70% to 84.55%

1.46

19.

M/s.Framatome Connectors OEN Ltd

Mfr. and sale of connectors

40%

0.77

20..

M/s.Degremont S.A., France

Providing engg. tech. and consultancy services in the areas of designing, building, operation etc. And maintenance of water treatment plants etc.

100%

0.10

21.

M/s. Duga Paints & Varnishes Industry

Mfg. Paints, varnishes, lacquers, synthetic polymers, chemically modified natural polymers and printing inks

100%

1.00

22.

M/s. Trammel Crow Savills Hong Kong Ltd, Hong Kong

Providing consultancy and support services in the area of real property development and management

100%

2.30

 

23..

M/s. Alpatan Chemicals Pvt Ltd

Mfr. Of leather chemicals and to undertake indenting agency

amendment in the existing FC approval

No fresh inflow involved

24

M/s. KDL Biotech Ltd

Mfr. Of Ampicipplin, Amoxycillin & Cloxacillin

34.37%

9.00

25.

M/s. Essilor International, France

Mfr. Of plstic ophthalmic lenses

Increase in F.E. from 74% to 88.2%

6.00

 

26

M/s. Precision Interconnect India Pvt Ltd

Mfr. asssembly and trading of parts and accessories to high performance interconnect assemblies and systems

100%

18.40

 

27.

M/s. Barracuda Camouflage (P) Ltd

Warp knitted tricot polyester impregnated nets

Increase in F.E. from 74% to 100%

1.20

 

28.

M/s. Australia and Newzealand Banking Group

setting up of asset management company

acquisition of ANZ Funds Pty Ltd. Byb Standard Bank, UK

0.22

29.

M/s. EGain Communications Corp., USA

providing integrated, multi-channel, e-customer communications solutions

Amendment in the existing FC approval

No fresh inflow is involved

 

30.

M/s. Wam Bombay Bulk Handling Equipment Industry Pvt Ltd

 

assembling, supply and mfr. Of dust collectors for pollution control, etc.

amendment in the existing FC approval

No fresh inflow is involved

31.

M/s. Caterpillar Inc., USA

Mfr. Of earthmoving products

100%

138.00

 

32

M/s. Crest Communication Ltd

Computer generated graphics, 2D and 3D animation, production of TV software, dubbing etc.

3.89%

(Equity swap)

No physical inflow involved

 

33

M/s. Mahindra British Telecom Ltd

Development of computer software and services

Amendment in the existing FC approval

No fresh inflow is involved

34

M/s. VI ePOS Services Pvt Ltd

Providing all electronics and internet based systems, services, solutions and assistance

amendment in the existing FC approval

No fresh inflow is involved

35

M/s. IMI Software Ltd

consultancy services in the field of software development, computer data processing etc.

Increase in F.E. from 8.42% to 16.84%

3.75

36

M/s. SAP A.G., Germany

Software development

expansion of activities

No fresh inflow is involved

37

M/s. Yahoo Web Services India Pvt Ltd

Computer software and software services

Issue of preference shares

1.28

38

M/s. Om Multimedia Ltd

Software development, Internet and other media services

40%

23.00

39

M/s. Mold-tek Technologies Ltd

Onsite consulting and offshore project services

3.27%

NRI equity increase from 0.59% to 3.84%

2.03

40

M/s. Sunrise Cybersoft India Pvt Ltd

Software development and training and maintenance services

F.E - 80%

NRI equity 10%

0.25

 

41

M/s. Palm Tech India Ltd

Development of Oil Palm Plantation

Increase in F.E. from 94.77% to 100%

0.09

42

Mr. K. Selveswaran

Mfr and export of garments

100%

0.85

 

43

M/s. Jasubhai Interactive Pvt Ltd

IT services

25%

7.64

44

M/s. Digital Future Investments R.B., Netherlands

To construct, design, install operate and maintain engg. Facilities and to provide third party technical services to duly licensed broadcasters, tele-communication operators and public authorities etc.

100%

2250.00 over a period of 5 years

45

M/s. Bharti Enterprises Ltd

To promote/invest/participate in telecommunication ventures in India

10%

0.1

46

M/s. Bharti Telecom Ltd

Mfg. and mktg. of Telecommunica-tion equipments

Increase in paid-up capital

8.2

47

M/s. Bharti Aquanet Ltd

Laying of optical fibre cables under water along oceans and sea beds

49%

122.5

48

M/s. Twinstar Holding Ltd

copper jelly filled telephone cables, optical fibre etc.

Amendment in the existing approval

No fresh inflow is involved

 

49

M/s. Fountain Consumer Appliances Ltd

Mfr. Of vending machines

Issue of Cumulative Redeemable Preference Shares

1.2

50

M/s. Gallium Industries Ltd

Mfr. Of machines and equipments for steel tubes and strips

Increase in F.E. from 7% to 51%

0.66

51

M/s. Hindustan Motors Ltd

Mfr. Of powershift/automatic transmissions

Amendment in the existing FC Approval

No fresh inflow is involved

52

M/s. Mane India (P) Ltd

Mfr and sale of flavour and fragrance products

Amendment in the existing FC approval

No fresh inflow is involved

53

M/s. Moody International (I) Pvt Ltd

Providing consultancy services

Increase in F.E. from 80% to 100%

0.0015

54

M/s. ETA General (P) Ltd

Mfr. Of window/split airconditioners

8%

0.8

55

M/s. Schubert & Salzer GmbH, Germany

Mfr. Of costings and forgings

39.91%

(overseas acquisition)

No physical inflow involved

 

56

M/s. Zuari Cement Ltd

Mfr. Of portland cement

50%

295.00

 

57

M/s. ICICI Infotech services Ltd.

 

IT enabled services

Software development and consultancy in IT infrastructure etc.

8%

56.35