Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
( Foreign Collaboration Division )
***
Udyog Bhavan, New Delhi -110 011
Dated, the 31st December, 2002.
PRESS RELEASE
On the recommendations of the Foreign Investment Promotion Board (FIPB), Commerce & Industry Minister, Shri Arun Shourie has approved 23 proposals of Foreign Direct Investment amounting to around Rs. 107.00 crore. The major investment proposals pertain to sectors of chemicals & petrochemicals, manufacture of fertilizers & pesticides, petroleum & Natural gas, manufacture of bio-mass based products and software development. A list of proposals cleared is enclosed.
( Pramila Raghavendran )
Under Secretary to the Govt. of India
FIPB MEETING HELD ON 19.12.2002
| S.No. | Name & Address of the existing/proposed 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 | Duckworth & company (Essences) Ltd, UK The Duckworth Group 416 Chester Road Manchester England M16 9HJ UK |
M/s. Duckworth Flavours (I) Pvt Ltd 9, Seshadri Road Gandhi Nagar Bangalore-9 |
Flavours & Emulsions | Bangalore | Increase in foreign equity from 40% to 100% | 0.60 |
| 2 | Multibase S.A. Sint Lautent Dupont (38380)Zi Du Gwies France |
Synergy Multibase Limited SynergyHouse Subhanpura, Vadodara |
Manufacture of polypropylene, polyethylene, Styneric polymers, polystyrene, Abs, san and Polymides | Daman | Amendment in the existing FC approval | No fresh Inflow is involved |
| 3 | Essilor Internation SA 147, Rue de Paris 94227, Charenton Cedex France |
Essilor International, France C/o. M/s. Indian Opthalmic Lenses Manufacturing Co Pvt Ltd 48, L&M, Kiadb Indl. Area, Doddaballapur – 561 203 |
Manufacture of plastic ophalmic lenses with technology provided by Essilor and Sola International Inc. | Bangalore | Increase in foreign equity from 92.7% to 94.32% | 12.76 |
| 4 | Telepoint Distribution Pte Ltd No. 5, Upper Aljunied Link #08-05, Quartz Industrial Building, Singapore-367903 |
Telepoint Distribution Pte Ltd #512/8, Faharpur Business Centre, Nehru Place New Delhi |
Wholesale distribution and trading telecommunication, electric and electronic products mainly on mobile phone hand sets and their accessories | Delhi/ Haryana | 100% | 0.25 |
| 5 | Amtrada Holding BV Herengracht 214, 1016 BS Amsterdam P.O. Box 3779, 1001 AN Amsterdam Holland |
Nedcommodities India Private Limited 14th Floor, B-Wing, Mittal Towers, MG Road Bangalore |
Engage primarily in procurement, processing and sale (export as well as domestic sales) of coffee, cocoa beans and other de-regulated agricultural commodities | Bangalore | 100% | 3.75 |
| 6 | Bayer Crop Science AG Alfred-Nobel-Strabe 50 Monheim Germany |
Aventis Crop Science India Limited Aventis House 54/A, Sir Mathuradas Vasanji Road, Andheri(East) Mumbai |
Manufacture of fertilizers and pesticides | Mumbai | Increase in foreign equity from 67.08%to 100% | 74.00 (with Premium) |
| 7 | ABS InfoLink Inc 16855 Northchase Drive Houston, ABS Group Services Inc 16855 Northchase Drive, Houston, TX 77060-6008, USA |
ABS InfoLink (India) Private Limited 5th Floor, 17 Ganesh Chandra Avenue, Kolkata |
Business of manufacturer, exporter, importer, buyers, sellers and dealers in electronic systems, IT including consultancy, computer hardware, software development, IT services etc. | Kolkata | 100% | 0.01 |
| 8 | M/s. Coca-Cola South Asia Holding Inc P.O. Drawer 1734 Atlanta, GA 30301 |
Hindustan Coca cola Holdings Pvt Ltd Enkay Towers, Udyog Vihar, Phase-V Gurgaon, Haryana |
Expand and consolidate the production and distribution infrastructure of non-alcoholic beverage business in Eastern and Western India | New Delhi | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 9 | M/s. Pepsico Inc. USA | M/s. Pepsico India Holdings Ltd Mohandev Building 13th Floor, Tolstory Marg, New Delhi |
Acquisition of plant and franchisee | Haryana, Himachal Pradesh | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 10 | Leo Burnett Worldwide INC | TLG India Pvt Ltd C/o. S.R. Batliboi & Associates 18th Floor, Express Towers Mumbai-21 |
Engaged in the business of advertising | Mumbai | Increase in foreign equity from 74% to 79.28%(acquisition of 600 shares) | At par value Negligible Amount of Inflow is involved |
| 11 | M/s. IKOS Systems Inc. USA |
M/s. IKOS (India) Pvt Ltd B-15, Ansal Chambers-I 3, Bhikaji GamaPlace New Delhi |
Development of computer software | Noida, UP | Amendment in the existing approval | No fresh Inflow is Involved |
| 12 | G3 Worldwide Aspac Pte Ltd 80, Raffles Place # 33-00 UOB Plaza 1 Singapore – 048624 |
100% WOS | Providing world class direct mail logistics services including packaging of publications, backroom solutions and print services etc. | Mumbai | 100% | 2.50 |
| 13 | Coflexip Stena Offshore (Mauritius) Ltd 10, Frere Felix de Valois Street, Port Louis, Mauritius |
Peerless Shipping And Oil Field
Services Ltd (South East Asia Marine Engineering and Construction Ltd) 16/2, Sterling Centre GR Floor,Dr. A.B. Road Worli, Mumbai-18 |
Offshore construction and diving services to the oil and gas industry | Mumbai | Increase in foreign equity from 58.24% to 78.24% | 6.78(at par) |
| 14 | Cornelder Logistics India (S) Pte Ltd 1, Tuas Avenue 3, Singapore 639402 |
Pennon Shipping Pvt Ltd S-308, "Ideal Plaza"11/1 Sarat Base Road, Calcutta |
Warehousing and collateral management services including shipping related services of stevedoring, cargo inspection etc. | Calcutta | 51% | 0.01 |
| 15 | M/s. Craigmore Investments Ltd, 16, New Street, Peter Port, Guernsey Channel Islands M/s. Laksdeep Holdings Ltd. 28, BIS, Dr. Eugene Laurent Street, Port Louis, Mauritius |
M/s. Craigmore Textiles Pvt Ltd A-104, Ranka Plaza 157 Wheeler Road, Frazer Town, Bangalore |
Embroidery in the piece, in strips | Bangalore | Amendment in the existing approval | No fresh Inflow is Involved |
| 16 | M/s. Gold Plex Limited 45, Courtway, Colindale London NW 9, UK |
M/s. Maharani Tours Pvt Ltd 11, community centre, East of Kailash, New Delhi |
Tours and Travel Agents | Delhi | 86.66% | 0.26 |
| 17 | TB Wood’s Incorporated 440 North Fifth Avenue Chambersburg, PA 17201, USA |
TB Wood’s (India) Pvt Ltd 14/15, 2nd Main electronics City Hosur Road Bangalore |
Manufacture, market and support with excellence of AC variable speed drives (inverters) in India etc. | Bangalore | Conversion of ECB into equity | 0.97 |
| 18 | Mashkoor Ahmed Khan USA |
Linquest Telecom Pvt Ltd A-27/4, Qutub Enclave DLF Phase I Gurgaon |
Permission for trading | Not indicated | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 19 | M/s. Sembawang Business International Pte Ltd
(Formerly) Ascendas Services Pte ltd 75, Science Park Drive #01-03, CINTECH II Singapore Science Park 1 Singapore 118 255 |
100% Subsidiary | Providing system integration services and consultancy etc. as additional activities | Bangalore | Amendment in the existing FC approval | No fresh Inflow is Involved |
| 20 | FERD Schemetz GmbH 53-598 Icherouxir Herzogenrath, Germany |
M/s. Schmetz India Private Limited 33/34, Sector2, KFTZ Gandhi Nagar – 370230 |
Manufacture, trade and export of sewing machine needle systems in the Kandal free trade zone | Kandla Free Trade Zone, Gujarat | Increase in foreign equity from 76% to 100% | 1.74 |
| 21 | Conitex Sonoco Holding BV 2, Martinus, Nijhofflan, 2624 ES Delft, Holland |
Conitex Sonoco India Pvt Ltd 202-206 Tolstoy House 15, Tolstoy Marg, New Delhi-1 |
Undertake manufacture of paper cones etc. | Pune, Maharashtra | Transfer of only 20 equity shares | Negligible Amount of Inflow is Involved |
| 22 | Thales International Asia Pte Ltd 152, Beach Road # 23-05/06 The Gaeway East Singapore-189721 |
100% WOS Le Meridian Commercial Tower 7th Floor, New Delhi |
Rendering technical support to the products of group companies like services high-tech consulting in Ground Based Radar, Air borne Electronic Systems, Avionics, Optronics, Air Traffic management, Oil & Natural gas, etc. | New Delhi | 100% | 2.00 |
| 23 | M/s. Profil Teknik Ltd P.O. Box 336, Anson Court Les Camps. St. Martings 1, Guernsey, C.I, Channel Islands, UK |
Paco Biotech(India) Private Ltd # 54 ‘B’, 17th Corss, Malleswaram, Bangalore |
Manufacture of biomass based products such as pallets, veggi box, toilet seats, bed post furniture etc. | Bangalore | 40% | 1.82 |