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 Moody’s Mauritius Holdings Ltd, Mauritius M/s. Moody’s Investment company India Ltd.

( WOS of Moody’s 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