Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
(Foreign Collaboration Division )
****
Udyog Bhavan, New Delhi-110 011
Dated, the 29th August, 2002.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board(FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 33 proposals of Foreign Direct Investment amounting to around Rs. 53.00 crore. The major investment proposals pertain to information technology and chemical and petro-chemicals sector. A list of proposals cleared is enclosed.
( Pramila Raghavendran )
Under Secretary to the Govt. of India
FIPB MEETING HELD ON 23.08.2002
| S.No. | 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 crore) |
| 1 | Known You Seed Co. Ltd 26, Chung Cheng 2nd Road, Kachsiung Taiwan, Republic of China, Taiwan |
Known-You Seed (India) Pvt Ltd 101, Himalayan Heights, Bhairohanala, Pune-Sholapur Road, Pune |
Permission for marketing of fruits developed in R&D centre from seeds imported from Taiwan | Pune, Maharashtra | Amendment in the existing FC approval | No fresh Inflow is involved |
| 2 | M/s. Pushpa Holdings(Mauritius)
Ltd C/o. Multi Consult Ltd P.O. Box 799, Les Jamaisos Vieus Conselle St Port Louis Mauritius |
BASF Styrenics Pvt Ltd 7, Basant Lok Vasant Vihar, New Delhi |
Bulk import with export/exbonded warehouse sales of Styrene monomer, test marketing of speciality grade of High Impact Polystyrene & Trading of speciality chemicals | Bharuch, Gujarat | Amendment in the existing FC approval | No fresh Inflow is involved |
| 3 | Korea Tex-engineering Co. Ltd 4FL, Hyang San Bldg 1203-7, Sun Gyuk-4Dong Buk-gu, Daegu, Korea |
Sanyo Koreatex Pvt Ltd 1598 Main Bazar Paharganj New Delhi |
Manufacture PSF Non-woven padding/wadding health mattress for domestic/export market | Greater Noida, UP | Increase in foreign equity from 38% to 65% | 1.35 |
| 4 | M/s. Bangor Electronics Co. Inc. 10, Industrial Park Drive Bangor, Michigan, USA |
M/s. Bangor Electronics Co. (India) Pvt. Ltd W-13, FII Block MIDC, Pimpri |
Manufacture of moulded and extruded items made from Ferrites, Neodium-Baron Ferrites, Atruco and similar magnetic materials mixed with various plastics and rubbers, Noryl and other plastics | Pune | 50% | 0.75 |
| 5 | RoAr BV Speeldries 2 5521 GG Eersel Netherlands |
100% WOS | Assembling, installing and commissioning of liquid nitrogen plants, sales support and marketing support services | New Delhi | 100% | 2.45 |
| 6 | Quintiles Transnatinal Corp Post Office Box 13979 Research Triangle park, NC 27709-3979 USA |
Innovex (India) Pvt Ltd 4-A, Ashoknagar Bungalows Behind Sundarvan Satellite Road Ahmedabad |
Undertake outsourcing services in the area of vacancy management, sales project teams, syndicate sales teams, direct marketing services and health management services, training, direct recruitment, and in-licensed product teams | Gujarat, | Transfer of 10,000 subscribers shares from resident to non-resident | 0.01 |
| 7 | SPG Infinity Technology Fund I. LLC, Mauritius |
Infinity Technology Trustee Pvt Ltd Currimjee Building 111, M.G. Road, Fort Mumbai |
Portfolio investment in the IT and Telecom sector | Mumbai | Amendment in the existing FC approval | No fresh inflow is involved |
| 8 | Yamaha Motor Co. Ltd 2500 Shingai Iwata Shizuok 438 8501 Japan |
Yamaha Motor Escorts Ltd (Now, Yamaha Motor India Pvt. Ltd.) 19/6, Mathura Road, Faridabad, Haryana |
Payment of royalty and lumpsum on manufacture of two new 4-stroke models | Surajpur | Amendment in the existing FC approval | No fresh Inflow is involved |
| 9 | Detroit Diesel Asia Pte Ltd, Singapore | MTU Detroit Diesel India Private Limited 414, Prestige Centre Point cunningham Road, Bangalore
|
Trading of hi-tech diesel engines manufactured by MTU entities worldwide | Bangalore | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 10 | M/s. Visteon Global Technologies
Inc Suite 728 Parklane Towers East 1, Paraklane Boulevard Dearborn, Michigan 48126 USA |
Visteon Automotive Systems India
Pvt Ltd Keelakaranai Village Malrosapuram post Chengalpattu Tamil nadu |
Amendment in the terms of technical collaboration | Chennai | Amendment in the existing FC approval | No fresh Inflow is involved |
| 11 | Mr. Hakam Singh Mission Mrs. Simrat K. Mission 2570 Camino Tassajara Darville USA |
Goldflex Auto Parts Private Limited C-4/45, S.D.A., New Delhi-16 |
Export of Automobile parts | New Delhi | 100% | 0.01 |
| 12 | Hakuhodo Inc 4-1, Shibaura 3-Chome Minato-ku Tokyo 108-8088, Japan |
Tygermen (India) Pvt Ltd 25-M, Raghuvanshi Estate, 11/12, Senapati Bapat Marg, Mumbai |
Advertising agency offering inter alia account management, creative, studio, integrated marketing, print production, colour separation and printing, media and buying and planning services | Mumbai | 50% | 0.13 |
| 13 | Diebold, Incorporated 5995 Mayfair Road P.O. Box 3077 North Conton OH 44720-8077 330 4904000, USA
|
Diabold India Private Limited C/o. Pathak & Associates 1st Floor, Dr. Gopal Das Bhavan, 28, Barakhamba Road New Delhi |
Manufacture, develop and supply
ATMs and networked cash dispensers, associated components and other IT sector goods and
services and provide technology and technical assistance to Tata Infotech in the mfr. of
the products and also engage in trading activity through DIPL in the products, other than
sales of ATMs to end-users in India
|
New Delhi | 100% | 0.01 |
| 14 | National Instruments Corporation 1500 North Mopac Expressway Building, Austin, Texas USA-75759 |
National Instruments Corporation C/o. Singhania & Co B-92, Himalaya House, 23, Kasturba Gandhi Marg New Delhi |
To provide virtual instrumentation hardware and software technologies for testing, measurement, instrumentation and process control applications in a wide range of industries | Bangalore | Transfer of 2 shares held by the resident subscribers | No fresh Inflow is involved |
| 15 | Marconi Communication International Holdings
Limited New Century Park Post Box No 53 Coventry, UK |
Marconi Telecommunication India Pvt Ltd C/o. Singhania & Partners B-92, 9th Floor Hamalaya House 23, K.G. Marg, New Delhi |
Manufacture and supply of key technologies, equipment and services for the internet, enterprise networks, telecommunications and data systems | New Delhi | Transfer of 2 shares from resident to non-resident subscriber shares | No fresh Inflow is involved |
| 16 | M/s. Exl Services.Com Inc. USA M/s. CIHC Incorporated, USA |
M/s. Exl Service.Com(I) Pvt Ltd A 102, Sector 58, Noida UP |
Internet and Voice based customer care, transaction processing, software development | Noida, UP | Transfer of two equity shares of Rs. 20/- | No fresh Inflow is involved |
| 17 | M/s. effigent Inc 7246 Sharon Drive Suite L, San Jose, CA 95129 USA |
Effigent India Pvt Ltd S-18, Alladin Mansion, 1-11-252/1A to 1D Begumpet, Hyderabad |
Software development | Hyderabad | Increase in foreign equity from 94.88% to 100% | 0.0052 |
| 18 | General Atlantic Mauritius Limited 5th Floor, TM building, Pope Hennessy Street Port Louis, Mauritius |
Daksh eServices Private Limited 186, Udyog Vihar, Phase-I, Gurgaon Haryana |
Customer service and technical support, back office processing and outbound collection and telemarketing to various US Fortune 500 companies | Gurgaon | Approx. 14% | 33.68 |
| 19 | ELF Lubricants SA, France 2, Place DE LA 92078 Paris La Defense France |
M/s. ELF Lubricants India Ltd Sivsagar Estate Building D(Basement) Dr. A.B. Road Worli, Mumbai |
Manufacture of lubricating oil/greases speciality oils & related products | Not indicated | Amendment in the existing FC approval | No fresh Inflow is involved |
| 20 | Le Meridien 166, High Holborn London WC1V 6IT UK |
Meridian India Private Ltd 103, Ashoka Estate Barakhamba Road New Delhi-1 |
Hotel Industry | New Delhi | 100% | 0.23 |
| 21 | EPCOS AG 53, St. Martin Streasse 81669, Munich Germany |
M/s. International Ferrites Ltd LB-2 Sector – III Salt Lake Kolkatta |
Manufacture of soft ferrite components | Not indicated | Increase in foreign equity from 59.67% to 100% | 0.18 |
| 22 | GloboCoim B.V De Boelelaan 7 Office I, 1083 HJ Amsterdam |
Coim India Pvt Ltd 66, D.B. Gupta Market Karol Bagh, New Delhi |
Trading and manufacture of shoe soles, synthetic leathers and adhesives & other polyurethane applications | Gurgaon Indl. Area. Haryana | Transfer of 2 shares of Rs. 10/- each | No fresh Inflow is involved |
| 23 | Codefine SA Switzerland |
Transpack Asia Pvt Ltd 50/6, Aparna Theatre complex, S.C. Road Bangalore |
Manufacture of PP woven bags and sacks | Bangalore | 100% | 0.82 |
| 24 | Mitsubishi Corporation Japan |
MC International India Pvt Ltd Vijaya, 2nd Floor, Rearwing 17, Barakhamba Road New Delhi |
Stock and sale of imported goods on a cash and carry wholesale basis, logistics and after sales services etc. | New Delhi | Amendment in the existing FC approvals | No fresh Inflow is involved |
| 25 | ASSAB International AB P.O. Box No. 42, Skytteholmsvagen-2 SE17111, Solna Sweden |
M/s. ASSAB Sripad Steels Pvt Ltd Padmalaya Towers Ground Floor, Janaki Avenue M.R.C. Nagar, Madras |
Manufacture of hot work steels, cold work steels, plastic mould steels, high speed steels | Chennai, Tamil Nadu | Increase in foreign equity from 49% to 70% | 1.61 |
| 26 | Avnet Inc USA |
Avent Max Ltd 5, Siri Fort Road New Delhi |
Establishing a world class design centre for products in consumer, computer and telecom segment and trading of electronic components products and other related products | Not indicated | Increase in foreign equity from 60% to 100% | 9.80(including premium) |
| 27 | ACER Peripherals Inc No. 157, Shah-Ying Road Kweishan, Taoyuan 333, Taiwan ROC |
M/s. Benq India Pvt Ltd Formerly Acer Communications and Multimedia India Pvt Ltd 302, Omega, Main Street, Hiranandani Gardens, Powai, Mumbai |
Manufacture monitors and CD-ROM drives(Permission for extension of test marketing period) | Mumbai | Amendment in the existing FC approval | No fresh Inflow is involved |
| 28 | Cyberwerx Inc 13000 Weston Parkway Suite 109, Cary NC 27513 USA |
Cyberwerx 2 Casa Grande 18/3 3rd Cross Road Nandi Durga Road Extn. Bangalore, Karnataka |
Software Development and network management & systems solutions | Bangalore | 100% | 0.01 |
| 29 | Tyco Asia Investments Ltd 210 St. James Court Rue St. Dennis, Port Louis Mauritius M/s. Elentec Co. Ltd 337-17, Wonchun-Dong Paldal-Gu, Suwon City Kyunggi do, Korea |
M/s. TEI Technologies Private Ltd A-17, Hosiery Complex Phase-2 Noida, UP |
Manufacture of electronic components of colour TV, computer monitors etc. | Noida, UP | Transfer of two equity shares of Rs. 10/- each | No fresh Inflow is involved |
| 30 | M/s. Toyota Tsusho Corporation Tokyo Head Office Toyota Kundan Building 3-18, Kundan-Minami 2-choma, chiyoda-ku Tokyo-102, Japan |
Steel and Logistic Centre private
Ltd. Toyoto Techno Park Plot No 20, Building, No 4, Bidadi Indl. Area Ramanagara Taluk Bangalore Rural distt |
Providing integrated logistics management services to customers not related to their group(through import of industrial inputs) | Bangalore | Amendment in the existing FC approval | No fresh Inflow is involved |
| 31 | Avaya Licensing Corporation 211 Mt. Airy Road Basking Ridge, NJ 07920 USA |
M/s. TATA Telecom Ltd C/o. Kochhar & Co S-454, Greater Kailash-II New Delhi-48 |
Manufacture of electronic private automatic branch exchanges and other telecom equipment | Mumbai/ Bangalore |
Amendment in the existing FC approval | No fresh Inflow is Involved |
| 32 | M/s. London International Group LLC, UK | M/. TTK-LIG Ltd 6, Cathedral Road Chennai-600 086 |
Manufacture of rubber contraceptives | Not indicated | Increase in foreign equity from 49.61% to 49.87% | 0.16 |
| 33 | M/s. Light Resources Holding, Mauritius M/s. Advanced Lighting Technologies Inc, USA |
M/s. Venture Lighting India Limited, Plot A 30 D 5 Phase II, Zone B MEPZ, Tmbaram, |
Manufacture of metal halide lamps | Chennai, TN | Increase in foreign equity from 89% to 100% | 1.55 |