16th August, 2002
Ministry of Commerce & Industry  


MARAN CLEARS FDI PROPOSALS WORTH Rs.506 CRORE


Shri Murasoli Maran, Union Minister of Commerce & Industry, has cleared 25 Foreign Direct Investment (FDI) proposals involving FDI worth Rs.506 crore. The major investment proposals pertain to sectors such as chemicals & petro-chemicals, infrastructure, textiles, consumer industry, manufacture of heavy machinery, cash & carry wholesale trading, software development & IT enabled services and NBFC activities. 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

Societe Industrielle Liegeoise De Oxydes

Rue Joseph Wauters

144, B-4480, Engis

Belgium

Trankspek-silox Industry Ltd.

Kalali Road, Atladra

Vadodara

Manufacturing and selling of inorganic chemicals

Gujarat, Maharashtra, Dadra & Nagar Haveli etc.

Increase in foreign equity from 68.28% to 83.28%

12.50

2

Taoka Chemical Company Ltd

2-11, 4-Chome,

Nishimikumi

Yodogawa-ku

Osaka. 532-0006, Japan

Anabond Limited

Type-II, 36 VSI Campus

Thiruvanmiyur,

Chennai, Tamil Nadu

Manufacturing Cyanoacrylate Monomer, Cyanocrylate adhesive and related chemicals

Chennai

75%

2.25

3

Individual NRI investors

Mr. P.J. Patel,

Mr. J.J. Patel

Mr. G.J. Patel

Mrs. U.J. Patel

C/o. 18170, Chieftain C.T

Sandiego CA 92127

USA

Mr. H.N. Patel

Mr. N.N. Patel

C/o. 2266, N. Rockridge,

Place Orange,

California – 92667

USA

M/s. Farmson Pharmaceutical Gujarat Pvt Ltd

28-34 G.I.D.C Indl. Estate,

Nandesari (Vadodara)

Manufacture of paracetamol, a Bulk drug

Vadodara, Gujarat

35.50%

4.00

4

M/s. Bank Brussels Lambert Brussels,

Belgium

M/s. The Vysya Bank Ltd.

Corporate Office, 72,

ST Marks Road,

Bangalore – 560 001.

Banking and financial services

Bangalore

Increase in foreign equity from 30% to 49%

225.00

5

OCB Limited Bermuda

50, Esplanadsen

DK-1098, Copenhagen K

Denmark

Maersk India Ltd

62/63, Free Press House

215, Nairman Point

Mumbai

Container freight services

Mumbai

100%

5.12

6

Marsh USA Inc

1166 Avenue of Americas

New York

New York 10036, USA

Marsh Risk Management Private Ltd

D.B.S. Business Centre

Raheja Chambers

Suite 217, Nariman Point, Mumbai

Engaged in the business of providing consultancy and advisory services on risk management and related matters

Delhi

Increase in foreign equity from 90% to 100%

0.01

7

Household Credit Services Overseas Inc

2700 Sanders Road

Prospect Heights,

Illinois 60070

USA

Intelenet Global Services Ltd

Building IV Sector 2

Millennium Business Park, TTC Industrial area, Mahape, Mumbai

IT enabled services

Mumbai

10%

50.00

8

BOC Holdings

Chertsey Road

Windlesham, Surrey

England

Hindhivac Private Ltd

Site No. 17, Phase 1

Peenya Industrial Area

Bangalore

Manufacture of systems and components based on vaccum technology

Bangalore

70%

5.57

9

M/s. EAC Trading Ltd,

A/S, Denmark

M/s. EAC Trading Pvt. Ltd, C/o Price Water House & Co.,

1, Copernicus Marg,

5th Floor, New Delhi

Trading concern

Mumbai

Amendment in the existing FC approval

No fresh

Inflow is

involved

10

Ajinomoto Co. Inc

1-15-1 Kyobashi Chuo,

Tokyo, Japan

Protchem Industries(India) Ltd

AB-5, 2nd Avenue,

Anna Nagar, Chennai

Import, repackaging and cash and carry wholesale trading and also setting up a manufacturing facility

Chennai

94%

3.75

11

Donaldson Company Inc

1400 West 94th Street,

Minneapolis Minnesota

55431, USA

Donaldson India Filter Systems Pvt Ltd

D-44, Gulmohar Park

New Delhi

Intake air filters and designing of air filters for international combustion engines

Gurgaon, Haryana

Transfer of only one equity share only

No fresh

Inflow is

involved

12

Becton Dickinson & Co

USA

Becton Dickinson (Mauritius) Limited

Les Cascades, Edith Cavell Street,

Port Louis, Mauritius

M/s. Becton Dickinson India Pvt Ltd

C/o. Dua consulting Pvt Ltd

301-303, Tolstoy House,

Tolstoy Marg,

New Delhi

Manufacture of hypodermic needles and syringes and other highly advanced diagnostic and medical equipment and related products/equipments

Not indicated

Amendment in the existing FC approval

No fresh

Inflow is

Involved

13

Thyssenkrupp Encoke GmbH

P.O. Box 10 10 49/50

Christstrasse 9

D-44789 Bochum

Germany

OTTO India Limited

9, Camac Street

P.B. Mo. 18059

Kolkata

Manufacture and construction of coke oven and by-products plants and other fuel processing and chemical plants

Calcutta

Increase in foreign equity from 90% to 95%

11.5

14

  1. A.Sievers GmbH
  2. Marie-Curie-Str.3

    30966, Hemmingen

    Germany

  3. Dirk Schmeider

Augsburger Weg 10

D-25813, Schwesing,

Germany

Utsav Safety Systems (P) Ltd

E-1/12, Vasant Vihar,

New Delhi-57

Manufacture of high security vehicle registration plates of aluminium

Delhi

12%

0.06

15

Cavendish Square Holdings BV, Netherlands, part of the WPP Group, UK

Prins Alexanderplein 8

3067 6C Rotterdam

The Netherlands

TAM Media Research Private Limited

406, Bombay Market Building,

J Dadajee Road,

Tardeo, Mumbai

market research activities

Numbai

30%

12.50

16

India Internet incubator (Maurtius) Limited,

Mauritius

Procurez.com Internet Services Pvt Ltd

Senior Plaza, 2nd floor,

160-A, Gautam Nagar,

New Delhi

To provide e-commerce software solutions except B2C e-commerce activities

Delhi

Increase in foreign equity from 40% to 100%

0.03

17

Springer-Verlag GmBH & Co KG Germany

C/o. Bharat S Raut & Co

4B DLF Corporate Park

DLF City

Gurgaon, India

Springer-Verlag GmBH & Co KG

C/o. Bharat S Raut & Co

4B DLF Corporate Park

DLF City

Gurgaon, India

Amendment in the form of payment of royalty

Delhi

Amendment in the existing FC approval

No fresh

Inflow is

Involved

18

M/s. Maritime OSL Investments Ltd,

PO Box No 1130, 12 Remy Ollier Street,

Port Lious, Mauritius

M/s. Ocean Sparkle Ltd

128, Ist Floor, Srinagar

Colony, Hyderabad.

Operation & Management of Ports, Technical services and management of Port & Port based infrastructure and related services

Hyderabad

Increase in foreign equity from 14.81% to 24.67%

0.857

19

Mr. Raju T. Jethwani

5333, West Colonial Drive

Orlando, Florida

USA

M/s. Eurostar Network Pvt Ltd

22/1A, Eurostar Enclave

Kazura gardens,

Neelangarai, Chennai

Manufacture of low noise block down covertors, satellite antenna receivers

Chennai, T.N

0.33

20

Gruppo TESSILE MONTI S.P.A Via Saltore, 10

31052-Maserada Sul Piave(TV)

Italy

M/s. Societa Italina per le Imprese all’eatro Spa, Italy

M/s. Tessitura Monti India (P) Ltd

Lotus House,

5th Floor, 33-A, New Maritime Line, Mumbai

Manufacture of Dyed, Yarn Shirting Fabrics, yarn Dyeing (Captive)

Kolhapur, Maharashtra

Increase in foreign equity from 80% to 100%

14.20

21

Rijesh Mahtani &

Navin Mahtani

1407, Broadway Suite 1105, New Yrok NY 10018, USA

ANI Chennai Exports Pvt. Ltd

# 79, Ist Avenue,

Rani Arcade

"Basement" Ashok Nagar

Chennai

Buying, stitching, processing, manufacturing, dealing, selling, importing and exporting of fabrics and textile garments and other utilities

Chennai

100%

0.50

22

CESMA International Private Limited

BIZTHREE @HDB Hub

490 Lorong 6 Toa Poyoh

# 06-10

Singapore – 310 490

100% subsidiary

Activities of building construction, project management, Civil engineering and also providing service and product providers in the said areas except housing & real estate development activities

Delhi

100%

2.00

23

China Construction (South Pacific) Development Co. Pte Ltd

10 Hoe Chiang Road

# 27-02 Keppel Towers

Singapore 089315

WOS

 

 

For undertaking business of builders and contractors for construction and demolition work of any description, IT support services, software service except housing & real estate development activities

Delhi

100%

100.00

24

Dr. Gunther Philipps

Germany

Dr. Pavan Ajju Rao

Hinter Der Burg 3

60338, Frankfurt

Germany

Management consultancy services

New Delhi

Increase in Paid up capital

0.30

25

SC Johnson & Son Inc

1525 Howe Street

Racine, WI 53403-2236

USA

S.C. Johnson Products Private Limited

4th Floor, Mutha Chambers

Senapati Bapat Marg

Pune, Maharashtra

Air care and insect control products

Pune

50%

55.00