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16th
April, 2002
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| Ministry
of Industry |
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MARAN CLEARS FDI PROPOSALS WORTH Rs. 123 CRORE
Shri
Murasoli Maran, Union Minister of Commerce & Industry, has
cleared 42 Foreign Direct Investment (FDI) proposals involving
FDI worth Rs.123 Crore. The major investment proposals pertain
to sectors such as chemicals & petro-chemicals, health, consumer
items, automobile components and software development. The list
of proposals cleared by Shri Maran is given below. Earlier, the
Foreign Investment Promotion Board had submitted its recommendations
for the Minister's clearance.
FDI PROPOSALS CLEARED
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S.No
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Name & Address of the foreign company
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Name & Address of the Indian company, if already incorporated
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Activity
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Location
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Percentage of FDI/NRI/OCB investment
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Amount of FDI/NRI/OCB Investment
(Rs. In crore)
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1
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Cargill Asia Pacific Ltd, USA
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M/s/ Cargil India Pvt Ltd
DLF Gateway Towerse
DLF City, Phase III
Gurgaon
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setting up of vegetable oil refinery on owned and leased
basis
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Not indicated
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Downstream investment by an operating co(expansion of activities)
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No fresh inflow is involved
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2
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Pushpa Holdings (Mauritius) Ltd
C/o. Multi Consult Ltd
P.O. Box 799, LES JAMAISOS
Vieus Conselle St
Port Louis, Mauritius
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BASF STYRENICS PVT LTD
7, Basant Lok
Vasant Vihar,
New Delhi
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Permission for bulk import with ex-port/ex-bonded warehouse
sales of Styrene Monomer
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Bharuch, Gujarat
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Amendment in the existing FC approval
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No fresh inflow is involved
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3
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Astra Pharmaceuticals AB,
S-151 85 Sodertalje
Sweden
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Astra Pharmaceuticals AB
C/o. New Delhi Corporate Consultancy Services Ltd,
4th Floor, Rajendra Bhavan,
210, Deen Dayal Upadhyay Marg,
New Delhi
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manufacture and sale of pharmaceuticals and basic drugs
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Bangalore
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Increase in foreign equity from 56.499% to 100%
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82.00
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4
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Sun Ace Kakoh(Pte) Ltd
34, Tanjong Penjuru
Jurong Town
Singapore 609030
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Vinyl Chemicals Private Limited
6-3-252/37/G/6, 3rd Floor
Erramanzil Colony
Hyderabad
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Manufacture of PVC Stabilizers, metallic stearates etc.
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Kothur Vill, Mehaboobnagar Distt
Andhra Pradesh
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49%
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0.90
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5
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Pyrm Fashion GmbH & Co. KG Stolgerg
Germany and/or its overseas subsidiaries/affiliates
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Prym Fashion India Pvt Ltd
C/o. Price Waterhouse & Co
Sucheta Bhavan,
11-A, Vishnu Digamber Marg,
New Delhi
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To import/lease high technology machines for fastening
metal accessories to garments
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Gurgaon
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Amendment in the existing FC approval
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No fresh inflow is involved
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6
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New Unity Enterprises Private Limited
180-2/46, People’s Park
Shipping Complex,
Bodhiraja, Mawatha, Colombo
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R.P. Narthan Exports Pvt Ltd
H-24/4, Valgal Street,
Kalashetra Colony
Besant Nagar, Chennai
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Procurement of pulses, rice, utensil etc. from India for
export to countries such as UK, USA, Singapore, Malaysia
etc.
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Chennai
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100%
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0.125
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7
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DIESECKE & DEVRIENT GmbH
Prinzregentenstrasse 159
D-81677, Munich
Germany
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Giesecke & Devrient India Pvt Ltd
515-518, Bonanza,
B-Wing, Sahar Plaza
M.V. Road,
Andheri(East)
Mumbai
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Providing services to third parties mfg, recycling, refurbishing,
marketing, importing, exporting and/or developing banknotes,
security documents, security paper, cash handling system
etc. and also third parties involved in handling of smart
cards etc.
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Mumbai
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100%
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2.10
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8
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Abbey National Plc, UK
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Tata Homefinance Ltd
1204/2, Gopika Niketan, Ghole Road
Shivaji Nagar,
Pune
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Housing finance and related activities
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Pune
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Increase in foreign equity from 30% to 37.04%
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3.52
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9
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Mr. Jawad Ayaz and
Mr Vinod Chandran, NRI
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M/s. Ind Telesoft Pvt Ltd,
104, Koramangala Indl.
Estate, V Block,
Bangalore
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Software Development
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Bangalore
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Amendment in the existing approval
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No fresh inflow is involved
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10
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The Accor Group, France
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Accor Radhakrishna Corporate Services Pvt Ltd
Camara House,
Majiwade Village Road
Majiwade, Mumbai
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Consultancy in the field of catering and hospitality services
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Juhu, Greater Mumbai
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Transfer of equity from resident to non-resident and conversion
of ECB into equity
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No fresh inflow is involved
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11
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Guldernhorst BV, Netherlands
Agrolimen Inversiones,
SA, Bercelona, Spain
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Joyco India Pvt Ltd
206, II nd Floor
Okhla Indl. Estate,
Phase.III
New Delhi
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manufacture/marketing/distribution of confectionery products
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Not indicated
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Amendment in the existing FC approval
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No fresh inflow is involved
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12
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Mitshubishi Motors Corporation
33-8, Shiba 5-Chome
Minato-ku,
Tokyo 108-8410
Japan
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Hindustan Motors Ltd
9/1, R.N. Mukherjee Rd
Calcutta
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Manufacture of passenger cars
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Calcutta
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Amendment in the existing FC approval
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No fresh inflow is involved
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13
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M/s. Honda motor Co. Ltd
2-1-1 Minami - Adyama
Minato-ku, Tokyo,
Japan
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Honda Siel Cars India Ltd
Plot No. A-1, Sector 40/41, Surajpur-Kasna Road
Greater Noida Industrial Development Area, Gautam budha
Nagar,
UP
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Import of spare parts for wholesale through dealership
mechanism
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Hgaziabad
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Amendment in the existing FC approval
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No fresh inflow is involved
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14
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M/s. Toyota Motor Corpn
1, Toyota CHO
Toyota AICHI 476
Japan
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Toyota Kirloskar Motor Pvt Ltd
Plot No. 1, Bidadi Indl
Area, Ram nagar Taluk
Bangalore
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Manufacture of 10 seater passenger utility vehicle
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Bangalore
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Amendment in the existing FC approval
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No fresh inflow is involved
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15
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M/s. Denso Corporation
448, 1-1, Showa-cho
Kariya-city Aichi-prff
Japan
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M/s. Denso Haryana Pvt Ltd
The Capital Court
3rd Floor, Left Wing
Olof Palme Marg,
Munirka, New Delhi
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Manufacture, assemble, sell and distribute the engine management
systems or fuel injection systems
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Gurgaon, Haryana
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Amendment in the existing FC approval
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No fresh inflow is involved
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16
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Hyundam Industry Co. Ltd
341-21, Yeok RI, Youngin Myun, Ansan-Si
Chung Cheong Nam Do
Korea
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M/s. Hyundam Industry Co Ltd
C/o. N. sukuar
29 (old No. 7) Devadi
Street, Mylapore
Chennai
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Manufacture and supply of sophisticated fuel pump assembly
and module for the production of passenger cars.
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Chennai, Tamilnadu
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100%
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5.00
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17
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M/s. Indiment Inc, USA
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M/s. Rambal Ltd,
No. 20, Corporation Road, Seevaram
Perungudi, Chennai
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Auto Components
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Chennai
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26%
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2.50
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18
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Vertigo Asia Ltd,
Unit 38, 10/F
Profit Industrial Bldg,
1-15, Kwai fung cresent
Kwai Chung
New Territories, Hongkong
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Vertigo India Outdoor Services Pvt Ltd
115, Ashism Indl.
Estate, Gokhale Road
Adar, Mumbai
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Advertising
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Mumbai
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amendment in the existing FC approval
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No fresh inflow is involved
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19
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M/s. Production Facilities Pte Ltd, Singapore
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M/s. Inhouse Productions Pvt, Ltd
B-50, Deluxe Building
Off New Link Road
Near Monginis, Andheri
Mumbai
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Manufacture of TV software
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Mumbai
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Amendment in the existing approval
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No fresh inflow is involved
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20
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BGS Smartcard systems
A-1180, Cvienna
Gerstoferstrasse 131
Austria
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BGS Smartcard systems
A-1180, Cvienna
Gerstoferstrasse 131
Austria
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smart card based fund transfer/payment systems and solutions
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Delhi
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100%
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4.10
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21
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Co Tech Ltd
Par La Ville Place
14, Parlaville Road
Hamilton HM JX
Bermuda
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Co. Tech Software Private Ltd
2709, 2nd Floor, 18th Main
5th Cross
HAL, 2nd Stage
Indira Nagar,
Bangalore
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Export of software
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Bangalore
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100%
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0.15
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22
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Kemoil Limited, Hong Kong
Steve Vicinanza Mr
Denards Mill Road Mariett
A, Georgia 30067
USA
Eugene B, Ceccotti, Mr
5/0, Fairhills Drive,
San Rafael, CA ZIP 94901
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California Software Co. Ltd
E-139 A, MG Road
Besant Nagar,
Chennai
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Computer Software Development and consultancy
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Tamilnadu
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Acquisition of shares from NRI
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0.40
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23
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Astro E.Com Ltd, Mauritius
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Astro E.Com. Limited
C/o. Sanjiv Sapra & Associates,
C-763, New Friends Colony,
New Delhi
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To act as a holding company for making investment in telecom
ventures, ISP etc.
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Delhi
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Amendment in the existing FC approval
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No fresh inflow is involved
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24
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M/s. WNS (Mauritius) Ltd,
Mauritius and
M/s. WNS (UK) Ltd, UK
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M/s. World Network Services Pvt. Ltd.
302, Regent Chambers,
Nariman Point,
Mumbai
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Computer Software Development
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Mumbai
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Amendment in the existing approval
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No fresh inflow is involved
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25
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St James Park Investment Ltd
Mauritius
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Powertec Supplies (India) Pvt Ltd
C-238, Sector 10
Noida, Distt. Ghaziabad
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manufacture of switch mode power supplies
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Noida, UP
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Increase in foreign equity from 40% to 48%
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0.04
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26
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Mr. Rajiv Nayar, USA
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M/s. I-Flex Solutions Ltd,
SDF-1, Unit Nos. 10 & 11,
2nd Floor, SEEZ
Aandhri(East)
Mumbai
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Software Development
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Mumbai
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Increase in foreign equity from 1.558% to 1.623%
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0.014
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27
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M/s. Smart Modular Technologies Inc. USA and
Force Computers Inc, USA
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M/s. Force Computers (India) Pvt Ltd
No. 60, Koramangala Ring Road, Off Air Port Road,
Bangalore
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Software Development
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Bangalore
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Transfer of two equity shares
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No fresh inflow is involved
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28
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TNO Management BV
Scholemakerstraat 97
P.O. Box 6080
2600 Ja Belft
The Netherlands
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100% wholly owned subsidiary
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Development of software
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Mumbai
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100%
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0.50
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29
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Quick logic Inc, USA
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Quicklogic Software (India) Ltd
No. 2&3, Charisma
Jeevan Bheema Nagar
HAL 3rd Stage
Bangalore
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Software Development
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Bangalore
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Increase in foreign equity from 92% to 100%
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0.01
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30
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JD Edwards & Co
Denver, Colorado
USA
ZIP Code 80237
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100% Wholly Owned Subsidiary
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import of software and customisation service
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Mumbai
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100%
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0.47
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31
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M/s. GE Pacific (Mauritius) Ltd, Mauritius and
M/s. GE Pacific Pte. Ltd
Singapore
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M/s. Bently Nevada Corporation, 1617, Water Street,
P.O. Box No. 157, USA
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Computer Software
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Mumbai
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100%
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0.11
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32
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M/s. Digitalboardwalk Inc. USA
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M/s. Codec Communications Pvt Ltd
Plot No. B-1, S.No. 127, Vrindavan Society
Navi Peth, Pune
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Computer Software Development
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Pune
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100%
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0.0169
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33
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Joy Mining Machinery,
Bromyard Road
Worcester
WR 2 5EG, UK
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Joy Mining Machinery,
Bromyard Road
Worcester
WR 2 5EG, UK
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Mining and mineral handling equipment, conveyors, AFC Pans,
AFC Device Bunkers, Feeder brakers bearing
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Durgapur, Hyderabad
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Increase in foreign equity from 59.99% to 100%
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0.02
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34
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Stream Tracmail Mauritius Ltd
10, Frere Felix De Valois Street, Port Louis
Mauritus
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Stream Tracmail Pvt Ltd
Stream Tracmail House,Kamala Mills Compound
Building A Senapati Bapat Marg, Lower Pareal, Mumbai
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IT enabled services
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Mumbai
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Amendment in the existing FC approval
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No fresh inflow is involved
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35
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PanAsia Paper Co Pte Ltd
8 , Shenton Way
# 44-01 Temasek Tower
Singapore 068811
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PanAsia Paper Co Pte Ltd
8 , Shenton Way
# 44-01 Temasek Tower
Singapore 068811
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Import and distribution of paper
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New Delhi
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76%
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0.94
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36
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Carl Zeiss
D-73446 Oberkochen
Germany
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100% WOS
Carl Zeiss India Ltd
18/10, 2nd & 3rd floor
Cunningham Road
Bangalore
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To import, export, and sell specialised and high technology
medical, surgical and optical equipment and to provide pre-sale
and after sale support
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Bangalore
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100%
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7.00
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37
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Busak + Shamban Pvt Ltd
2951 28th Street,
Suite 2010
Santa Monica
California 90405
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Busak + Shamban Seals & Bearing Pvt. Ltd.
Off. Shah Sultan Complex
Cunningham Road
Bangalore
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Manufacture of high pressure hydraulic seals and bushings
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Bangalore
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Increase in foreign equity from 60% to 80%
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1.11
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38
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Matushita Electronic Industrial Co Ltd
Osaka Central 288 Osaka
530 91 Japan (MEI)
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Matsushita air conditioning India Pvt Ltd
A-11 & 12, SIPCOT
Indl. Park, Irungattukottal,
Sriperumbudhur Taluk
Kancheepuram Distt
Tamil Nadu
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Manufacture of airconditioners
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Not indicated
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Increase in foreign equity from 90% to 100%
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10.50(at par)
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39
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Thermo Electron Corporation
81, Wyman Street
P.O. Box No. 9046
Waltham
MA 02454-9046
USA
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Thermo Gamma-Metrics India Pvt Ltd
415, 4th Floor
City Point
193, Dhole Patil Road
pune
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Manufacture of weighting systems etc.
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Pune
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Amendment in the existing FC approval
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No fresh inflow is involved
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40
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M/s. Moog Inc, USA
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M/s. Moog Controls (I) Pvt Ltd
Plot -1,2 & 3
Electric City
Bangalore
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Servo control mechnisms and components
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Bangalore
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Transfer of two shares
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No fresh inflow is involved
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41
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M/s. Financiere Des Applications De L’Electricite S.A.
Rue De Lusambo 67
B-1190, Brussels
Belgium
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Keselec Schreder Pvt Ltd
69, Friends Colony
West Mathura Road
New Delhi
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Manufacturing of electrical photometrically controlled
outdoor lighting luminaries
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Faridabad
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60%
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0.60
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42
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M/s. Dampex Inc.
279, Boulde St-Adele,
Sainte-Adele, quebec
Canada, J8P-1A9
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Keld Ellentoft India Pvt Ltd
1-5, Vyasarpadi Industrial Area,
Chennai
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Manufacture of Non-Metallic Expansion joints used in core
sector industries such as power, steel, cement, fertilizer
and other core sector industries
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Chennai
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10%
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0.41
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