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 |