Government of India
Ministry of Commerce and Industry
Department of Industrial Policy and Promotion
( Foreign Collaboration Division )
.........
Udyog Bhavan, New Delhi
dated, the 29th November, 1999.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board (FIPB), the Commerce & Industry Minister Shri Murasoli Maran has approved 73 cases of Foreign Direct Investment of about Rs.656.87 crore. The proposals cover various sectors like automobile, transport, electronic hardware & software, mineral, consultancy in engineering design & construction, textiles, white goods, financial, hotel, electrical, and telecom sector. A list of proposals cleared is enclosed.
( Ashok Kumar )
Joint Secretary to the Government of India
| S.No. |
Name of Applicant |
Activity |
Percentage of FDI/NRI equity |
FDI/NRI Amount (Rs. Crores) |
| 1 |
M/s. Sygene International Pvt Ltd |
Research & development in Bio-technology |
Foreign Equity - 48.32% NRI Equity - 16.04% |
1.57 |
| 2 |
M/s.Vanleer Packaging Worldwide |
To conduct market studies and project report |
---- |
---- |
| 3 |
M/s. Liqui-Box Corporation, USA |
Mfr. And mket. Flexible packaging, blow-moulded containers etc. |
100% |
4.25 |
4 |
M/s. Maruti Synthetics and Pharmaceuticals Ltd |
Mfr of Monochi Oroacetic acid etc. |
23.69 |
1.04 |
| 5 |
M/s. All Asia Customer Services(Mauritius) Ltd |
Establishing marketing agency and airtime sales company |
74% |
16.34 |
6 |
M/s. Tri International Ltd. |
Clearing and forwarding agency |
--- |
---- |
7 |
M/s. ITA Integrated Services Pvt Ltd |
to engage in the technology transfer, mktg. Of foreign companies and sourcing from India export of Indian goods |
---- |
---- |
8 |
Capt. Deepak Sethi |
To undertake service activities like clearing, forwarding and freight agents and related business |
--- |
---- |
| 9 |
M/s. ABB Brown Boveri Ltd |
To act as a holding company for ABB Asea Brown Boveri |
----- |
------ |
10 |
M/s. Zurich Insurance Company, Switzerland |
Asset Management |
Increse from 50% to 100% |
31.87 |
| 11 |
M/s.Dorling Kindersley Family Learning Pvt Ltd |
to undertake direct marketing of Dorling Kindersley Books, videos, CD Roms |
---- |
---- |
| 12 |
M/s. MLOT Hospitals Ltd |
Providing medical services and running hospital |
---- |
---- |
13 |
M/s. Swaraj Mazda Ltd |
Commercial vehicles, public transport vehicles including automotive commercial three wheeler jeep type vehicles |
----- |
-------
|
| 14 |
M/s. Escorts Yamaha Motors Ltd |
Mfr. Of motor cycle |
Preference shares |
12 |
15 |
M/s. Reva Electric Car Co. Pvt Ltd |
mfr. Of electric powered passenger car |
36.75% |
18.06 |
| 16 |
M/s. BBC Worldwide India Pvt Ltd |
to provide advertisement support services |
Preference shares (100%) |
0.91 |
17 |
Mr. Jaydev Raja, USA |
Information Technology services |
100% |
1 |
18 |
M/s. Allot & Lomax (International) Ltd, UK |
Providing project management and engineering services |
50% |
0.05 |
| 19 |
M/s. FEA Software India Pvt Ltd |
Supply of software products and services |
100% |
1.07 |
20 |
M/s. Everest Consulting Group India Pvt Ltd |
Computer software development and recruitment of specialists for overseas employment |
100% |
0.05 |
21 |
M/s. Microland Ltd |
Computer consultancy, software services, data processing services and education services |
36.57% |
28.27 |
22 |
M/s. Employment Solutions Inc., USA |
Software services |
100% |
0.42 |
| 23 |
M/s. Jobs DB India Pvt Ltd |
Job recruitment services through Internet networking databases. |
100% |
8.5 |
24 |
M/s. Global Consultant Inc. |
Development of software |
100% |
0.1 |
25 |
M/s. Gujarat Narmada Valley Fertilizers Co. Ltd |
International gateway for internet |
---- |
---- |
26 |
M/s. Geographic Software Systems Pvt Ltd |
Development of Software |
66.67% |
0.15 |
27 |
M/s. Toppan Management Systems Pte Ltd |
Computer Software development |
100% |
0.4 |
| 28 |
M/s. Transworld garnet Pvt Ltd |
Mfr. Of almandite Garnet Sand |
---- |
---- |
29 |
M/s. Drillcorp Western Deephole, Australia |
Drilling operations for exploration in the minerals and other associated sectors |
100% |
42.5 |
| 30 |
M/s. SHV Energy India (P) Ltd |
Operation of LPG terminals blending and bottling plants, mfr. Of gas cyliners, regulators, valves and ancillary equipment |
Increase from 65% to 100% |
3.85 |
| 31 |
M/s. UPS International Inc., USA |
International express export and import services for letters, parcels, luggage, and any other articles that are handled by forwarding agents,. |
100% |
17 |
| 32 |
M/s. BPL Limited |
Establishment,operation and maintenance of Power generating facilities and providing other engg. Services |
51% |
1.53 |
33 |
M/s. Central India Power Co. Ltd |
Establishment of coal based thermal power station at Bhadrawati |
----- |
---- |
| 34 |
M/s. MSAS Blue Skies Ltd |
Freight forwarding operations, warehousing and distribution services |
Increase from 60% to 90% |
6.7 |
| 35 |
M/s. UPS Worldwide |
Import, export and domestic cargo handling services |
--- |
---- |
| 36 |
M/s. Global Suhaimi Co |
To undertake specialised contracting services for the maintenance and protection of the Indl. and residential structure from degradation, corrosion etc. |
----- |
---- |
37 |
M/s. Obayashi Corporation, Japan |
To undertake engg. Consulting, designing, construction etc. of all kinds of construction |
80% |
0.8 |
38 |
M/s. Global Aviation Services Pvt Ltd |
To provide wholesale courier linehaul and air and sea freight forwarding and ligistics services. |
50% |
0.2 |
| 39 |
M/s.Worldtel Mauritius Ltd. |
Provide infn. Technology based services, electronic commerce, internet & other related services |
49% |
281.75 |
40 |
M/s. Fascel Ltd |
Cellular Mobile Telephone Services |
---- |
---- |
41 |
M/s. Hughes Escort Communications Ltd |
Mfg, mktd., selling, installing, operating and maintaining V-SAT equipment/services in India |
--- |
------
|
| 42 |
M/s. Axistel International Inc. |
Business of selling pre-paid telephone cards and setting up the marketing and distribution network |
100% |
4.3 |
43 |
M/s. Gujarat Narmada Valley Fertilizers Co. Ltd |
Vsat Service Provider |
---- |
---- |
| 44 |
M/s. Levis Strauss (I) Pvt Ltd |
Sourcing finished garments manufactured by indl. Units
|
Issue of preference shares |
25.8 |
| 45 |
Miss. Ursula Montag, Germany |
Mfr and export of readymade garments |
71% |
1.06 |
| 46 |
M/s. Facade Buildwell Pvt Ltd |
Service sector of housing |
50% |
0.2 |
| 47 |
M/s. Flovel Ltd |
Mfr of Hydraulic Turbines |
Increase from 51% to 61.5% |
21.39 |
48 |
M/s. BSH Home Appliances Pvt Ltd |
to mfr, mkt and trade of white goods |
---- |
---- |
49 |
M/s. GIP Leather (India) Ltd |
Mfr. Of leather garments, leather bags and accessories, leather shoes, leather items |
Increase from 30% ro 49% |
0.66 |
50 |
M/s. India Nails Manufacturing Pvt Ltd |
Prodn, mktg. And sales of anumal shoe nails and animal shoes |
------ |
------ |
51 |
M/s. Signal Cables (India) Pvt Ltd |
Mfr of stranded copper conductors etc. |
50% |
4.35 |
52 |
M/s. Simpson Industries Inc., USA |
Mfr. Of Rubber Damperss including cummins etc. |
51% |
3.6 |
| 53 |
M/s. Multiple Zones India Pvt Ltd |
Micro Computer products |
Decrease in equity from 80% to 40% whereas Increase in paid -up capital |
0.21 |
| 54 |
M/s. Universal Silicones & Lubricants Pvt Ltd |
Silicone sealant; silicone adhensives;speciality lubricants |
----- |
----- |
| 55
|
M/s. Roberts Schaefer Mauritius (Pvt) Ltd |
To execute projects for coal and other minerals processing and handling, infrastructural development projects |
----- |
----- |
| 56 |
M/s. Nissho Iwai Corporation |
To export and import of products, to set up downstream joint ventures etc. |
--- |
--- |
| 57 |
M/s. Wrox Press Ltd., UK |
Marketing of books etc. |
100% |
0.5 |
| 58 |
M/s. Kirloskar Copeland Ltd. |
Gas Compressor |
--- |
--- |
59 |
M/s. Grupo Antolin Irausa, SA Spain |
Mfr. Of Automobile spare parts |
Increase in equity from 25% to 75% |
2.01 |
60 |
M/s. Accelerated Network India Pvt Ltd |
Development of Software |
100% |
7.35 |
61 |
M/s. Condor Infotech Pvt Ltd |
Development of software |
10% |
2 |
62 |
M/s. ITBIDS.COM.LLC., USA |
Software development |
100% |
3 |
63 |
M/s. Lexsite.Com.Ltd. |
Providing leval and commercial information services |
Increase in equity from 51% to 55% |
0.27 |
64 |
M/s. Firstring India Pvt Ltd |
Development of software |
100% |
4.3 |
65 |
M/s. Swift Response Pvt. Ltd. |
Development of Software |
99.995% |
0.199 |
66 |
M/s. Tower Automotive Inc |
Development of software |
100% |
2.254 |
| 67 |
M/s. Shell India (P) Ltd. |
Preparation of feasibility studies, market surveys and other related promotional activities |
----- |
---- |
| 68 |
M/s. Benity Navada Corp |
Mfg. And assembling of electronic hardware and software including import, export and resale etc. |
----- |
---- |
| 69 |
M/s. Marwar Hotels Ltd |
Hotels |
Revision of equity to 5% FDI & 15% NRI Equity |
24.39 |
| 70 |
M/s. Alstom Engines Ltd |
Mfg. Supplying and installing certain diesel engines generator sets, spare parts and components |
----- |
---- |
71 |
M/s. Duracell India Pvt Ltd |
Mfr. of Alkaline Batteries |
Increase in equity from 93% to 96% |
43 |
| 72 |
M/s. Bharti Televentures Ltd |
Promotion of activities relating to the telecom sector |
Increase in equity from 36% ro 49% |
25.65 |
73 |
M/s.MTNL |
Disinvestment |
Disinvest-ment through GDR |
--- |