Government of India
Ministry of Commerce & Industry
Department of Industrial Policy and Promotion
(Foreign Collaboration Division)
***
Udyog Bhavan, New Delhi-110 011
Dated, the 28th May, 2002.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 53 proposals of Foreign Direct Investment amounting to around Rs. 957.00 crore. The major investment proposals pertain to sectors such as NBFC, textile machinery, automobiles, software development, brand development, telecommunications and tourism. A list of proposals cleared is enclosed.
( Pramila Raghavendran )
Under Secretary to the Govt. of India
FIPB METINGS HELD ON 16.05.2002 & 23.05.2002
| S.N | 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 crores) |
| 1 | Mrs. Asha Rawat & Mr. Gautam Rawat, 14, Appleby Gardems. 898, Manchester Road, Bury, Lancs BL 98 DW, United Kingdom |
Global Pharmatech Pvt. Ltd. 32, Sipcot Industrial Complex, Phase -I, Hosur - 635 126. |
Manuf. Of Sterile Liquids | Kormangala, Bangalore |
Increase in Foreign Equity from 2.54% to 2.82% | 0.01 |
| 2 | UE Trade Corporation Pte Ltd 83, Clemenceau Avenue #18-01 UE Square, Singapore |
UE Trade Corporation (India) Pvt Ltd IC Vandana Building 11, Tolstoy marg New Delhi |
Exports, imports, wholesale cash and carry trade of agricultural products and other related products | New Delhi | 100% | 5.00 |
| 3 | Wandel & Goltermann Investments Pty Ltd ACN 073 778 159 42 Clarendon Street, South Melbourne Victoria 3205, Australia |
Acterna India Pvt Ltd B-2/13, Safdarjung Enclave New Delhi |
import, market, sell/distribute & promote sales of high-tech telecom/communications testing measurement and management, equipments systems, software for optica, transport, access, cable and data/IP networks for sale o corporate clients in India | New Delhi | Overseas transfer | No fresh inflow is involved |
| 4 | Kaeser Kompressoren GmbH, Germany | Kaeser Compressors India Pvt Ltd 9 & 10, Symphony "C" Building, Range Hill Road Shivaji Nagar, Pune, Maharashtra |
Assembling of imported and locally procured parts of vacuum packages and compressor systems and to render installation and after sales services to customers in India | Pune | Acquisition of 10,000 shares from subscribers | 1.00 |
| 5 | M/s. Wilkinson Warburton Holding Limited, Caressa House, P.O. Box 9 Cemetary Road, Pudsey, West Yorkshire, LS 287XD |
Wilkinson Warburton India Clothing Private Limited B-159, Okhla Industrial Ara, Phase - I, New Delhi |
Export of readymade garments. | New Delhi | 100% | 1.00 |
| 6 | Jardine Fleming India Holdings Limited 10, Frere Felix de Valois Street, Port Louis, Mauritius |
Jardine Fleming India Holdings Ltd C/o. Management and Economic Advisors 31, Dakshineshwar 10, Hailey Road, New Delhi |
NBFC activities | Mumbai | Amendment in the existing FC approvals | No fresh inflow is involved |
| 7 | American Express International Inc (AEII) 200, Vesey Street, New York, NY 10285 USA |
Tata Finance Amex Limited 15, J.N. Heredia Marg Ballard Estate, Mumbai |
Non fund based NBFC activities | Mumbai | Increase in foreign equity from 35% to 100% | 15.00 |
| 8 | Honda Motor Company Ltd, Japan | Honda Motorcycle & Scooter India Pvt Ltd C/o. Arthur Anderson & Co 2nd Floor, Capital Court LSC Phase-III Olof Palme Marg, Munirka, New Delhi |
Import of spare parts for the purpose of after sales service | Haryana | Amendment in the existing FC approval | No fresh inflow is involved |
| 9 | Robert Bosch Copn. 2800 South 25th Avenue, Broadview, Illinois, USA NABCO Limited 9-18, Kaigan 1-Chome, Minato-ku, Tokyo-105 Japan |
Kalyanai Brakes Ltd Aurora Towers 4th Floor, 9, Modedina Road Pune, Maharashtra |
manufacture of hydraulic air and airover hydraulic brake components and parts | Jalgaon, Maharashtra | Amendment in the existing FC approval | No fresh inflow is involved |
| 10 | Toyota Automatic Loom works Ltd 2-1, Yoyoda Cho Kariya Shi Aichi, 448, Japan |
Kirloskar toyoda Textile Machinery Ltd Plot No. 10-13, Jigani Industrial Area II phase, Jigani, BANGALORE |
Manufacture of textile machinery and automobile components. | Jigani Ind. Area, Bangalore, Karnataka | Increase in foreign equity from 89.38% to 94.40% | 100.00 |
| 11 | F.Tech Inc, 19, Showanuma Shobumachi Minami-Saitamagun, Saitama Pref, Japan Fakuda Engg. Co. Ltd 19, showanuma Shobumachi, Minami-Saitamagun, saitama Pref. Japan Nichimen Corporation 1-23, Shiba 4-Chome, Minato-KU, Tokyo 108, Japan |
Progressive Tools & Components (P) Ltd 8/3-A, Link Road, Site IV Sahibabad Indl. Estate, Ghaziabad, UP |
Dies, parts and accessories for vehicles, brakes & servo brakes & Parts, silencer & exhaust pipes | Sahibabad, UP | Increase in foreign equity from 43.39% to 50% | 0.03 |
| 12 | M/s. Toyota Motor Corporation, Japan M/s. Toyota Industries Corporation, Japan |
M/S. Toyota Korloskar Auto Parts, Plot No. 21, Bidadi Industrial Area, Bidadi. |
Transmission and parts of Transmission for Automobile Industry. | Bidadi, Bangalore |
90% | 303.75 |
| 13 | Moodys Mauritius Holdings Ltd, Mauritius | M/s. Moodys Investment company India Ltd. ( WOS of Moodys Mauritius Holdings Ltd) C/o. Emst & Young Vasvani Mansions, Dinisha Vachha Road, Church Gate, Mumbai |
To act as spl. purpose vehicle to provide tehn. And Fin. Collaboration to M/s. ICRA with the objective of expanding credit ratings and analysis in the domestic market | Mumbai | Increase in foreign equity from 22.84% to 23.44% | 0.05 |
| 14 | Net Resources Limited, 608, St. James Court, St. Denis Street, Port Louis, Mauritius |
M/S. Network Programmes (India) Ltd., B-1-C, Sector-10, Noida- 201 301. |
Development of Computer Software. | Noida | Amendment in the existing approval | No fresh inflow is involved |
| 15 | M/S. Tanning Technology Corporation 4600 South Synracuse St Suite 1200 Denver, CO - 80237, USA |
M/S. Tanning Technology India Pvt. Ltd., 602, Hiligiri Block, Aditya Enclave, Ameerpet, Hyderabad - 500 038. |
Development of Computer Software | Hyderabad | Increase in Foreign Equity from 76% to 100% | 0.25 |
| 16 | M/S. Geedam Sitaram & Others, | M/S. Seven Hills Business Solutions Ltd., 502, Venkatarama Towers, 3-6-69, Basheerbagh, Hyderabad. |
Development of Computer Software. | Hyderabad | Increase in Foreign Equity from 20.71% to 24.18% | 0.12 |
| 17 | Global Technology Partners Inc No. 3, Sundance Road La Grangeville, New York 12540 USA |
GTP Infocom Private Ltd No. 148, Sector 5, HSR Layout, Ring Road Bangalore |
Software development | Bangalore | 51%(Equity swap) | No physical inflow is involved |
| 18 | Cadmen Investments Ltd Les Cascades Building, Edith Cavell Street, Port Louis Mauritius |
Vulcan Exports Ltd 416, Unique Industrial Estate Veer Savarkar Marg, Prabhadevi, Mumbai |
Software development | Mumbai | Increase in foreign equity from 50.67% to 99.99% | 95.99 |
| 19 | RAD Data Communications Ltd 24 Raoul Wallenberg St Tel Aviv 69719, Israel |
RAD-MRO Manufacturing (P) Ltd P.B.No. 3203 14, Ist "D Main Road Ganganagar, Bangalore |
R&D activities in the fields of telecommunications, providing consultancy services to professionals | Bangalore | 100% | 0.25 |
| 20 | M/S. AIG Offshore Systems Services INC, 160, Water Street, New York, NY- 10038 |
M/S. AIG Offshore Systems Services INC, 160, Water Street, New York, NY- 10038 |
Software Development | Chennai | 100% | 1.2 |
| 21 | Mrs. Rohit Gandhi, Malaysia and 6 other foreign nationals | M/S. Ownhel Trust, 806-808, Siddharth, 96, Nehru Place, New Delhi - 110019. |
Trust for management of shares of employees of M/s. HCL Infosystems Ltd. | Delhi | Amendment in the equity approval. | 0.07 |
| 22 | The Royal Dutch Shell Group, Netherlands through M/s. BUTAGZ International, BV, Netherlands | The Shell Group of companies in India 151-155, Nariman Bhavan, 15th Floor, Nariman Point Mumbai |
Carrying out LPG business Including import, storage, bottling, distribution, blending and sale of LPG and related appliances and fittings | Mumbai | Transfer of 10,000 shares held by the subscribers to the MOA to FC | 0.01(at par) |
| 23 | Itochu Corporation, Japan | M/s. I & D Logistics Pvt Ltd. Darabshaw House, Ballard Estate, Mumbai |
Handling of inland transportation of complete built units of Honda Seil cars alongwith provision of dedicated logistics services | Noida, UP | Transfer of 23% equity held by Itochu Corpn, Japan to M/s. Honda Express, Japan | No physical inflow is involved |
| 24 | Fritz Companies India (HK) Limited 9/F, 100 Texaco Road Tsuen Wan, N.T Hong Kong |
Fritz Freight Forwarding India Private Limited D.C. Business Centre, Chunnawala Estate, Kondivita Road, Andheri-Kurla Road, Andheri Mumbai |
engaged in the business of providing services in the form of global integrated transportation and logistic services in connection with imports and exports worldwide | Mumbai | Conversion of OCB to foreign company | No fresh inflow is involved |
| 25 | ADR/GDR | Sterling Infotech Ltd., Sterling Tower Np. 327, Anna Salai Teynampet, Chennai |
Setting up of 8-fibre pair fully protected under sea cable | Chennai | Non-resident to non-resident transfer of 15.00 Lakh shares. | No fresh inflow is involved |
| 26 | All Asia Television Broadcast Ltd C/o. Multiconsult Ltd, 10, Frere Felix de Valois St Port Louis, Mauritius |
All Asia Television Broadcast Ltd C/o. Snajiv Sapra & Assoc. C- 763, New Friends Colony New Delhi |
Setting up of holding company to make investments in India in the fields of Telecom, ISP, etc. | New Delhi | Amendment in the existing FC approval | No fresh inflow is involved |
| 27 | NDC Global Holdings Pty Ltd 23/233 Castlereagh Street Sydney NSW 2000 Australia |
NDC Telecommunications India Pvt Ltd 501-507, Tolstoy House, Tolstoy Marg, New Delhi |
Import and supply of hi-tech telecommunications hardware and software equipments and to provide technical advisory services to turnkey projects. | Delhi | 100% | 0.25 |
| 28 | Reckitt Benckiser Plc. (through its subsidiary M/S. Lancaster Square Holding SL) Gooimer 2-30 1411 DC Naarden The Netherlands |
M/S. Reckitt Benckiser India Ltd., 41, Chowringhee Road, Kolkatta 700 017 |
Establish a centre of excellence for marketing brand development and other development initiatives. | Not indicated | Increase in foreign equity from 49% to 100% | 403.19 |
| 29 | M/s. CSM Worldwide Inc. USA 3939, Priority Way South Drive, Indiana Polis, IN 46280-0432 |
Hindustan Thompson Associates Limited Lakshmi Building Sir Pherozeshah Mehta Road P.O. Box 541, Mumbai |
Customer satisfaction and measurement and management services | Mumbai | Amendment in the existing FC approval | No fresh inflow is involved |
| 30 | Bureau Veritas S.A. Cedex 44, 92077 Paris La Defense France |
Bureau Veritas Consulting(I) Pvt Ltd C/O. M/s. Bureau Veritas Industrial Services India Pvt Ltd 609, Balarama, 6th Floor C-3, Bandra-Kurla Complex, Bandra (E), Mumbai |
Inspection and certification of various engineering goods and other types of commodities and related services | Greater Mumbai | 100% | 0.50 |
| 31 | DART Industries Inc. USA Post Office Box 2353 Orlando FL 32802-2353 USA |
DART Manufacturing India Pvt Ltd C/o. Dua Associates 202-206, Tolstoy House 15, Tolstoy Marg, New Delhi |
marketing of melamine crockery reserved for SSI by sourcing from 3rd party manufacturer in the SSI-Sector | Not indicated | Amendment in the existing FC approval | No fresh inflow is involved |
| 32 | S.C. Johnson Commercial Markets Inc. USA | Johnson Wax Professional Pvt Ltd C/o. Pathak & Associates Ist Floor, Dr. Gopla Das Bhawan, 28, Barakhamba Road. New Delhi |
Marketing of Unilever products | Not indicated | Amendment in the existing FC approval | No fresh inflow is involved |
| 33 | Mr. Fardan Ali Fardan AI, Fardan Mr. Ali Fardan Ali AL Fardan Mr. Mohammed Fardan Ali AL Fardan Mr. Ahmed Sayed Adnan Sayd Mohd ALhashimi |
M/S. AL-Ammar Belting Exports Ltd., 39, Nagdevi Street, 1st Floor, P.B.No. 3261, Mumbai - 400 003. |
Manf. Of Industrial V Belts, Automative Fan Belts. | Mumbai | Amendment in the equity approval. | 12.70 |
| 34 | M/s. ERRA(UK) Limited, UK Mr. Ravindra Singh, UK and Mrs. Padmini Singh, UK |
M/s. Abacus Metals (P) LTD Nr. Railway Crossing, Jhotwara, Jaipur |
Door Handles, Locks & Misc. Hardware items | Jhotwara, Jaipur | Amendment in the existing approval | No fresh inflow is involve |
| 35 | Vantico International SA 25 A Boulevard Royal, 9th Floor, Luxembourg |
Vantico International SA C/o. Amarchand & Mangaldas & Suresh A. Shroff & Co 13, Abul Fazal Road, Bengali Market New Delhi |
Polymer business | Mumbai | Increase in foreign equity from 76% to 100% | 1.36( at par) |
| 36 | M/S. AC-Product-Development AG, Stadtgartenweg. 10 7000 CHUR Switzerland |
M/S. Reinhold Wuerth India Pvt. Ltd., 326, TV Industrial Estate, Off. Dr. A. Besant Road, Behind Glaxo, Worli, Mumbai |
Wholesale trading in electrical tools, equipments, adhesives, for all types of industries and automobiles. | Mumbai | 80% | 1.60 |
| 37 | M/s FE Decibles Electronics Pte Ltd, 111 North Bridge Road, #21-00 Pensinsula Plaza, Singapore 179098. |
M/s Decibles FE Electronics (India) Pvt. Ltd., 6-1-85/4,Ist Floor, Opp. Telephone Bhavan, Saifabad, Hyderabad- 500004. |
Wholesale trading, manufacturing , sell, import, export, trade in all types of electronics devices/ components. | Hyderabad. | 100% | 0.10 |
| 38 | Cooperative Centrale Raiffeisen Boerenleebank B Boerenleebank
B.A Netherlands |
RABO India Finance Ltd 1-A, Janpath, New Delhi-110 001. |
Financial services | Not indicated | Amendment in the existing FC approval | No fresh inflow is involved |
| 39 | M/s. Fidia Spa, Italy CSO G Agneli, 200 10135, Torino |
FIAT Sundaram Auto Finance Private Ltd Fiat India Private complex, LBS Marg, Kurla(W) Mumbai |
Planning coordinating, controlling, liaising and managing the self-financing activities of the customers on their behalf in connection with purchase of motorcars | Mumbai | ||
| 40 | Industrialization Fund for Developing Countries(IFU) Bremerholm 4 DK 1069 Copenhagen K Denmark LM Glassfiber A/S Rolls Mollevej 1, DK 6640, Lunderskov Denmark |
LM Glass fiber India Limited 310, Raheja Acrade, 1/1 Karamangala Industrial layout, Bangalore |
FRP Rotor Blades for wind turbine generators | New Delhi | Amendment in the existing FC approval | No fresh inflow is involved |
| 41 | Yamaha Motor Co. Ltd., 2500 Shingai Iwata, Shizuok 438 8501 Japan |
Yamaha Motor Escorts Ltd. (Yamaha Motor India Pvt. Ltd.) C-582, Basement, Defence Colony, New Delhi |
Manufacture of Motorcycles | Surajpur Indl. Area, Surajpur | Amendment in the existing FC approval | No fresh inflow is involved |
| 42 | M/s. Daewoo Telecom Ltd, 531-1, Gajwa-dong, Seo-ku, Inchon, Korea |
RICO Daewoo Precision industries Ltd 404, Chiranjiv Tower 43, Nehru Place New Delhi |
Change in foreign collaborator` | Not indicated | Change in the foreign collaborator and transfer of entire equity to the foreign company | 0.6 |
| 43 | Sunrise Peak Company Ltd Unit No. 2, 1/F, Block-A Sea View Estate, 2-8 Weston Road, North Point, Hong Kong |
Sunrise Worldwide Limited 28/1, Lala Lajpat Rai Sarani, Kolkata |
Computer Software Development | Kolkatta | Increase in foreign equity from 92.5% to 99.39% | |
| 44 | General Electric International Operations Co. Inc. Liaison Office: AIFACS Building, 1, Rafi Marg, New Delhi |
Bently Nevada Corporation C/o. Lira Goswami 615, Antriksh Bhawan, 22, K.G. Marg, New Delhi |
Manufacturing and assembling electronic hardware and software | New Delhi | Acquisition of shares of M/S. Bently Nevada Copn., USA by M/S. GE Mauritius and GE Singapore | Inflow not indicated. |
| 45 | M/S. TPUSA, Inc. 176 North 2200 West Salt Lake City, Utah, USA |
M/S. CRM Services India Pvt. Limited, S-454 Greater Kailash II, New Delhi 110048 |
IT enabled services (Call Centre activities) | New Delhi | 2% | 0.01 |
| 46 | Ashok Pereira 71, Jalan Tua Kong 03-05 Park East Singapore 457 265 |
Cybernette India Private Limited 79, Carter Road Bandra (West), Mumbai |
Software exports | Mumbai | Increase in foreign equity from 94% to 100% | 0.0025 |
| 47 | (i) M/S. Next Generation Telecom Ltd., 5334 Yonge Street, Suite 152, Toronto, Ontario M2N 6V1, Canada (ii) Dr. Chirinjeev Kathuria (Foreign National) |
M/s NKS Long Distance Communication Pvt. Ltd, B-I, Defence Colony, N. Delhi-24. | Providing International long distance telephone services in India. | New Delhi. | 49% | 110.8 |
| 48 | Mr. Frederick T. McElligott Arther D. Little, Inc. Acorn Park Cambridge Massachusetts |
M/S. e-quential consulting India Pvt. Ltd., 84, Free Press House, 215, Nariman Point, Mumbai - 400021 |
Engaged in providing consulting & advisory services in the field of telecommunications, I.T. and electronics sectors. | Mumbai | Acquisition of one equity share of e-quential Consulting India Pvt. Ltd. | 0.00 |
| 49 | Smt. Abirami Arunachalam 18 C Block II Estoril Court, No. 55 Garden Road, Midlevels, Hong Kong |
Subiksha Spinners Limited 46, KPN Colony Extn. Tirupur, Tamil Nadu |
Cotton Polyester/Blended Yarn | Tirupur, Tamil Nadu | Increase in foreign equity from 79.09% to 86.69% | 0.82 |
| 50 | Smt. Abirami Arunachalam 18 C Block II Estoril Court, No. 55 Garden Road, Midlevels, Hong Kong |
Vishnuram Textiles Pvt Ltd 46, K.P.N. Colony Extn. Tirupur, Tamil Nadu |
Cotton Polyester/Blended Yarn | Udamelpet, Tamil Nadu | Increase in foreign equity from 93.74% to 94.95% | 0.045 |
| 51 | M/S. Choice Hotels International Inc., USA |
M/S. Choice Hospitality (I) Pvt. Ltd 4/11, Shanti Niketan, New Delhi |
Hotel Industry | Not indicated | Amendment in the existing FC approval | No fresh inflow is involved |
| 52 | M/s. Naman Consultants Ltd P.O. Box 71, Craigmuir, Chambers Road Town, Tortola British Virgin Islands, Netherlands |
Heritage Resorts Ltd UCO Bank Building IIIrd Floor, Parliament Street, New Delhi |
Hotel & Tourism related activities | Not indicated | Increase in foreign equity from 84.77% to 100% | 1.16 |
| 53 | Gallup Inc 47, Hulfish Street, Princeton, New Jersey 08542, USA |
Marketing and business associates private Ltd C/o. M/s. Gallup MBA India Pvt Ltd 303, Ashok Terrace 100, Feet Road Indiranagar, Bangalore |
Market Research | Bangalore | Increase in foreign equity from 70% to 100% | 0.06 |