6th August, 2002
Ministry of Commer & Industry  


MARAN CLEARS FDI PROPOSALS WORTH RS. 610 CRORE


Shri Murasoli Maran, Union Minister of Commerce & Industry, has cleared 18 Foreign Direct Investment (FDI) proposals involving FDI worth Rs.610 crore. The major investment proposals pertain to sectors such as setting up of integrated township, cargo handling, cash & carry wholesale trading 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.

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

Atotech BV

Rijnzathe 4

NL-3454 PV DE MEERN

P.O. box 19

Netherlands

Atotech India Ltd

66, K.M. Store, NH-8

Delhi-Jaipur Highway

Vill. Sidhrawali

Distt. Gurgaon-123413

To establish a commercial viability of Albright business in India

New Delhi

Amendment in the existing FC approval

No fresh

inflow is

involved

2

Monsanto Company, USA

Monsanto Holdings Pvt Ltd

Ahura Centre, 5th Floor

96, Mahakali Caves Rd

Andheri (East),

Mumbai

To manufacture agro chemicals & acquisition of capital/manufacturing/

Distribution facilities of the group companies of the Monsanto, USA

Mumbai

Amendment in the existing FC approval

No fresh

Inflow is

involved

3

Geodis Asie S.A.

183, Avenue De Clichy

75017

Paris, France

Geodis Overseas Private Limited

A-133, Road No. 4

Street No. 5

Mahipalpur Extn.

New Delhi

Cargo handling incidental to land transport, water transport and air transport

Chennai

Increase in foreign equity from 85% to 94%

4.20

4

MAS Capital (International) Limited

Les Cascades, Edith Cavell Street,

Port Louis, Mauritius

MAS Trades Private Limited

H-5, Hiranya Apartments

67/69, Greenways Road Extn, R.A. Puram

Chennai

Wholesale trading activities.

Chennai

100%

0.25

5

PT Buana Mega Bimsakti

32nd Floor, Wisma 46

Kota BNI Ji Jend

Sudirman Kav

1 Jakarta, Indonesia

100% subsidiary

Cash & carry Wholesale trading of sports and lifestyle products

Mumbai

100%

10.00

6

Mr. Vijay K. Sharma

45, Countway,

London NW-9

UK

M/s. SNS Pharma Pvt Ltd

11, Community Centre,

East of Kailash,

New Delhi

Health services

Delhi

20%

0.02

7

AMP ROSE

Unit 2 & 3, Heapham Road

Gainsborough Lincolnshire

England, UK

AMP Rose (P) Ltd

P.O. Box No. 6663

100/6, Ramagondanahalli Airport – Varthur Road

Bangalore

Other packing and wrapping machinery and Machinery for manufacture of confectionery

Bangalore

Increase in foreign equity from 90% to 100%

0.10

8

Publicis Worldwide B.V

The Netherlands

Zen Communications Private Limited

(Now, M/s. Publicis (India) Communications P. Ltd

Kakad Chambers Annexe

132, Dr. A. Besant Rd

Worli, Mumbai

Advertising and Publicity

Not applicable

Increase in foreign equity from 64.66% to 100%

0.11

9

  1. M/s. iSolutions Inc, USA
  2. Mr. Amit G. Patni, USA
  3. M/s. Narendra Kumar Patni, Massachusetts, USA
  4. M/s. GE Capital Mauritius Equity Investment, Mauritius
  5. M/s. General Atlantic Mauritius Ltd, Mauritius
  6. Bank of New York, USA
  7. M/s. GE APC Technology Capital Mauritius Equity Investment

 

M/s. Patni Computer Systems Ltd,

Akruti MIDC Cross Road

No. 2, Andheri (E)

Mumbai

Computer software services

Mumbai

Increase in foreign equity from 39.21 to 60.49%

521.37

10

ABN AMRO BV

Gevestigd te Amsterdam

Handelstregister K.v.K. Amsterdam, nr 33002587

BTW ident.nr.

NL 003027144B01

ABN AMRO Central Enterprise Services Private Limited

302, Dalamal House,

Nariman Point

Mumbai

Data processing, software development and business support services

Mumbai

Increase in foreign equity from 99.8% to 100%

0.01

11

Acusis Holding Company Limited

P.O Box 957

Offshore Incorporation Centre

Road Town

Tortola

British Virgin Islands

Acusis Software India Pvt Ltd

17/2, Dollars Chamber

Lalbagh Road,

Bangalore

Providing medical transcription and allied software services

Bangalore

100%

0.01

12

M/s. JP Mobile Inc

12000, Ford Road

Suite 400

Dalls, Texas 75234

USA

M/s. JP Mobile(India) Ltd,

2nd Floor,

Prathima Schalass Apartments,

Opp. Bharatiya Vidya Bhavan,

Basheerbagh-King Koti Road, Basheerbagh

Hyderabad

Software development/software supply services

Hyderabad

Increase in foreign equity from 82.38% to 100%

0.0669

13

Hosley International Trading Corporation

20530 Stony Island Avenue, Lynwood

Illinois 60411

USA

Hosley India Pvt Ltd

835, Mahipalpur

Main Vasant Kunj Road

New Delhi

Permission to manufacture all kinds of handicraft etc.

New Delhi

Amendment in the existing FC approval

No fresh

Inflow is

involved

14

JIN-PYO HONG

544-4, Chan-Dong

DO-Bang-Ku

Seoul, Korea

M/s. Hyo-sung India Pvt Ltd

W.Z. 101/13, Mohan Nagar

Lane-5

Pankha Road

New Delhi

Import and sale textile machines and spares/parts of textile machine & export of textile yarn.

Not indicated

90%

0.09

15

S.M. Puri

381, Orchid Lane

Highland Park

Illinms, USA

M/s. Brookside Resorts Pvt Ltd

A-6, C-Block,

Community Centre,

Naraina Vihar,

New Delhi

Setting up of a Hotel

Pune

Amendment in the existing approval

No fresh

Inflow is

involved

16

Kontur Bintang Sdn Bhd

Wisma Hass Integrated,

B1(1-4) Block B,

Plaza Dwitasik,

21, Jalan 5/106, Bandar Sri Permaisuri,

Kaula Lumpur

Tan Sri Datuk G. Gnanalingam

Level 11, Wisma E&C

2, Lorong Dungun Kiri,

Damansara Heights,

50490

Kaula Lumpur, Malaysia

Feedback Integrated Infrastructure Developers Private Ltd

Feedback House,

7, L.S.C

Panchsheel Park

New Delhi

Setting up of an integrated township

Gurgaon

Haryana

74.04%

72.00

17

Edward Ohlebusch

Pronova Kosttillskudd

Oslo Chamber of Commerce

Post Boks 2874 – SOLI,

N-0230, OSLO

Norway

Chetan Foundries Ltd

Queen’s Mansion,

A.K. Naik Marg,

Mumbai – 400 001

Iron casting Foundry

Solapur, Maharashtra

17%

1.22

18

Mr. Donald Gene Fair

Mr. Chai Nam NG &

Associates

Numeric power systems Ltd

63, Dr. Radhakrishnan Salai, Mylapore

Chennai

Manufacture of electrical transformers/static converters & conductors.

Pondicherry

Amendment in the existing FC approval

No fresh

Inflow is

involved