Government of India Udyog Bhawan, New Delhi |
PRESS RELEASE On the recommendations of the Foreign Investment Promotion Board (FIPB), the Commerce & Industry Minister, Shri Murasoli Maran, has approved 58cases of Foreign Direct Investment of about Rs 1541.016 crores. The proposals cover various sectors like financial services, electronics, tourism, textiles, electrical and auto accessories, engineering and consultancy. A list of proposals cleared is enclosed. sd/- (ASHOK KUMAR) To |
| Sl. No. | Name of Applicant | Activity | Percentage of FDI/NRI equity | FDI/NRI Amount (Rs. Crores) |
| 1. | M/s. Orchid Chemicals & Petrochemicals Ltd. | Bulk drugs | 38.05 | Rs 175.00 cr. |
| 2. | M/s. HT India Pvt. Ltd. | To start a mfg.unit for Trosifol PVC film and dynos/dynal vulcanised fibre | - | No inflow involved |
| 3. | M/s. Globocoim BV | Mfr. and trading of Polyol polyesters and polyurethane granules used in the mfr. of shoe soles, etc. | - | No additional inflow |
| 4. | M/s. Brikopias (India) Pvt. Ltd. | Mfr. packing, and filling of prepared glue and other prepared adhesive | 51% | Rs 0.05 cr. |
| 5. | M/s. Niranjan Kirpalani | Export of products | 49% | Rs. 0.049 cr. |
| 6. | M/s. Guhring India Pvt. Ltd. | Cutting tools | - | No change in the approved equity participation |
| 7. | M/s. Al-Muhaidib Grain (India) Pvt. Ltd. | Export of rice and other food grains. | 99.68% | Rs. 0.34 cr. |
| 8. | M/s. Spencer and Company Ltd. | Setting up of food supermarket retail stores | - | No inflow involved. |
| 9. | M/s. Refco Global Holdings Inc., USA | Risk management advisory services | 100% | Rs. 2.12 cr. |
| 10. | M/s. Gas Authority of India Ltd. | - | - | Disinvestment by way of GDR issue for up to 180 million shares Rs 180.00 cr. |
| 11. | M/s. IDG Books Worldwide Inc., USA | Publishing and selling of books | 65% | Rs 3.25 cr. |
| 12. | M/s. Saraswathi Editions Pvt. Ltd. | Promoters, publishers, exporters and importers of art, literature, culture | 40% | Rs 0.0004 cr. |
| 13. | M/s. Teklogix Inc., Canada | To undertake importation, assembly, mfg., mktg., etc. exportation of radio computer/terminal network systems with wireless data facility | - | No inflow involved |
| 14. | M/s. Hotline Wittis Electronics Ltd. | Elewctronic goods | Increase from 75% to 100% | Rs 1.70 cr. |
| 15. | M/s. Megasys Consulting Inc., USA | Developing and marketing software | 10% | Rs 0.508 cr. |
| 16. | M/s. Eleclipse Network Pvt. Ltd. | Software development and Internet service provider | 49% | Rs. 0.147 cr. |
| 17. | M/s. Asia Content Com. Ltd. | Software development | 100% | Rs. 0.86 cr. |
| 18. | M/s. General Electric International Operations Co. Inc., USA | Information technology and support services | 100% | Rs. 0.106 cr. |
| 19. | M/s. Ficon Technology India Pvt. Ltd. | Computer software development | 99.99% | NRI/OCB Rs 0.120 |
| 20. | M/s. Case Consult India Ltd. | Computer software development | - | No inflow involved |
| 21. | M/s. Electronic Hitech Components Ltd. | Metalised film capacitors and wound capacitors | - | No inflow involved |
| 22. | M/s. Thyron Information Pvt. Ltd. | Computer software development | - | No inflow involved |
| 23. | M/s. Cyborg Systems Inc. | To develop and provide software solutions | 100% | Rs. 0.425 cr. |
| 24. | M/s. Preferred Brands Foods (India) Pvt. Ltd. | Ready-to-serve-food and foreign vegetable and food processing | Increase from 66.93% to 74.21% | Rs 0.566 |
| 25. | M/s. Joy Mining Machinery (India) Pvt.Ltd. | Mining and material handling equipment | Increase from 51% to 59.99% | Rs 0.004 cr. |
| 26. | M/s. Enercon India Ltd. | Windmills | Non-Convertible CPS) | Rs 15.00 cr. |
| 27. | M/s. Wynn's Mekuba Pvt. Ltd. | Additives for automobile oils, etc. | - | No inflow involved |
| 28. | M/s. Global Dolphin Drilling Co. Pvt. Ltd. | Offshore drilling | - | No fresh inflow |
| 29. | M/s. Westinghouse Air Brake Company | Mfr., market and sell sophisticated railway related products | 100% | Rs 42.00 cr. |
| 30. | M/s. TNT Express Worldwide India Pvt. Ltd. | Freight and parcel services | Increase from 51% to 100% | Rs 5.745 cr. |
| 31. | M/s Caparo Group Ltd. | Consultancy in infrastructure service activities | 100% | Rs 20.00 cr. |
| 32. | M/s. International Seaports (India) Pvt. Ltd. | Development and upgradation of Ports and Port-related services in India | Convertible Notes | Rs 351.00 cr. |
| 33. | M/s. Kutch Container Terminal Pvt. Ltd. | To undertake development, maintenance and operation of a container terminal berth in Kandla | - | No inflow involved |
| 34. | M/s. Jagmini Micro Knit Pvt. Ltd. | Knitted socks | 3.8% | Rs. 0.09 cr. |
| 35. | M/s. Fashion Synccotex Pvt. Ltd. | Manufacture & Processing of knitted fabrics for exports | 48% | Rs 1.44 cr. |
| 36. | M/s. Wilton Weavers Pvt. Ltd. | Manufacture of carpets | 66.67% | Rs 244 cr. |
| 37. | M/s. Community Crafts Exports Pvt. Ltd. | Export of handicraft items | 51% | Rs. 0.05 cr. |
| 38. | M/s. Sang Seon Yoo, Korea | To carry on professional technical consultancy services in business of management consultancy | - | No inflow involved |
| 39. | M/s. HCL Comnet Systems & Services Ltd. | Multi-media based integrated networking solutions and services | - | No additional inflow |
| 40. | M/s. Dong Jing Kim, Korea | Development & marketing of tourism | 99.97% | Rs 0.50 cr. |
| 41. | M/s. Structural India Pvt. Ltd. | Manufacture of Pressure vessels | - | No inflow involved |
| 42. | M/s. Fiat India Automobiles | Manufacture of Fiat cars | - | No inflow involved |
| 43. | M/s. Kirloskar Toyoda Textile Machinery Ltd. | Mfr. of Textile machinery | Increase from 65.74% to 87.07% | Rs 39.26 cr. |
| 44. | M/s. Amut Plastic Machineries India Pvt. Ltd. | After sales service of imported plastic processing machinery and subsequently mfr. of this machinery | Increase from 70% to 100% | Rs 0.06 cr. |
| 45. | M/s. T.G. Kirloskar Automobile Ltd. | Mfr. of plastic parts in the nature of interior and exterior parts and steering wheels for automobiles | - | No inflow involved |
| 46. | M/s. Giddings & Lewis India Ltd. | Metal cutting including grinding machines | - | No inflow involved |
| 47. | M/s. Toyota Kirloskar Motor Pvt. Ltd. | Passenger utility vehicle | Increase from 87% to 88.86% | Rs 100.00 cr. |
| 48. | M/s. Kodak Polychrome Graphics India Pvt. Ltd. | Mfr. of graphic art films and trading of the parent company's products | Rs 1.50 cr. | |
| 49. | M/s. Sun and Sound Systems Pvt. Ltd. | Security Systems | 85% | NRI Rs 425 cr. |
| 50. | M/s. Swister International Pvt. Ltd. | Quartz watches | - | No inflow involved |
| 51. | M/s. Metall Spegel Fabrik Pvt. Ltd. | Production and servicing of used flat stainless steel press moulds | 50% | Rs 0.50 cr. |
| 52. | M/s. Nagata Auto Parts Co. Ltd. | High technology press dies for sheet metal components and plastic moulds, tools | 70% | Rs 7.00 cr. |
| 53. | M/s. Goodlass Nerolac Paints Ltd. | Paints, enamels & varnishes, etc. | Increase from 35.96% to 64.52% | Rs 109.28 cr. |
| 54. | M/s. Skoda Auto Ltd. | Setting up a passenger car manufacturing/assembling project | 100% | Rs 235.20 cr. |
| 55. | M/s. Rakesh Kumar Thukral | Synthetic Strippings | 66.7% | Rs 0.586 cr. |
| 56. | M/s. Balsim and Company Holdings Pty. Ltd. | Manufacturing, processing & deals in all forms of leather and related products | 100% | Rs. 2.00 cr. |
| 57. | M/s. SoftSol India Pvt. Ltd. | Computer software development | 97% | NRI Rs. 0.135 cr. |
| 58. | M/s. Alcatel Modi Network Systems | Telecom products | - | No inflow involved. |