2nd December, 2002
Ministry of Commerce & Industry  


ARUN SHOURIE CLEARS FDI WORTH Rs.490 CRORE


 

Shri Arun Shourie, Minister for Disinvestment and Commerce & Industry, has approved 15 proposals of foreign direct investment (FDI) amounting to Rs.490 crore, on the recommendations of Foreign Investment Promotion Board (FIPB). The major investment proposals pertain to the sectors such as cash & carry wholesale trading, manufacture of confectionery items, providing consultancy in the manufacture of beer and allied products. A list of proposals cleared is enclosed.

FIPB MEETING HELD ON 21.11.2002

 

S. No.

Name & Address of the foreign(existing/proposed) 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

Esdan Plastics Pty Ltd

15, Monterey Road

Dandenong 3175 Victoria

Australia

Taudan Auto Components (Pvt.) Ltd

63 C Phase II,

Adityapur Indl. Area

Jamshedpur Jharkhand

Manufacture of varieties of automotive components for domestic consumption

Jamshedpur

50%

0.50

2

Jashanmal National Company LLC

P.O. Box No. 1545,

Dubai, UAE

Media Star Private Limited

18, Vaswani Mansion,

120, Dinshaw Vachha Road

Churchgate, Mumbai

Import and distribute on cash and carry whole sale basis newspapers, books, magazines, journals, periodicals of all kinds and also to act as media concessionairies, advertising agents etc.

Mumbai

51%

0.43

3

Scovill Fasteners Inc.

Highway 385

South/441,

Business,

P.O. Box 44,

Clarkesville,

GA 30523

USA

Scovill Fasteners India Private Limited

(under incorporation)

To import and engage in ex-bonded warehouse sales/cash and carry wholesale trading in India of apparel and industrial fasteners manufactured by Scovill Fasteners Inc.

Tirupur, Tamil Nadu

100%

32.00

4

M/s. Perfetti Van Melle International Trust BV, Netherlands

M/s. Perfetti Van Melle Holding BV, Netherlands

Perfetti India Pvt Ltd

Global Business Park, Tower ‘A’ Ist floor

Mehrauli-Gurgaon Road

Gurgaon, Haryana

Confectionary items

Not indicated

Amalgamation of M/s. Van Malle Confectinary India Pvt Ltd into Perfetti India Ltd

13.08

5

Keithin Corporation

Shinjuku Nomuru Building

1-26-2, Nishi-Shinjuku

Sshinjuku-ku

Tokyo-163-0539

Japan

M/s. Keihin Fie Pvt Ltd

B-3, MIDC, Chakan Village

Mahalunge

Chakan-Talegaon Road

Tal. Khed,

Pune -410 3451

Permission for Technical payment including royalty

Pune

Amendment in the existing FC approval

No fresh

Inflow is

Involved

6

Donaldson Company Inc

1400 West 94th Street

Minneapolis Minnesota

55431, USA

Donaldson India Filter systems Private Limited

Naharpur Kasan

Gurgaon – 122 001

Haryana

Intake air filters for international combustion engines

Designing of Air filters for international combustion engines

Narangpur, Haryana

Amendment in the existing FC approval

No fresh

Inflow is

Involved

7

Man B&W Diesel Ltd

Bramhall Motor Lane

Hazel Grove

Stockport

Cheshine SK 7 5 AH

England

Man B&W Diesel Ltd

C/o. Dua Consulting Pvt Ltd

301-303, Tolstoy House,

15, Tolstoy Marg

New Delhi

Manufacturing, supplying and installing diesel Engines(gen sets), spare parts and components

New Delhi

Increase in foreign equity from 71.518% to 75%

0.56

8

Synapsis Enterprises

921, Bethlehem LLC Pike

Spring House,

P.O. Box 747

USA

Synapsis Software India Private Ltd

C-281, East end aptts.

New Ashok Nagar, Delhi – 96

Software development

Noida, UP

Transfer of 10,000 equity shares of Rs. 10/-

0.01

9

BHP Petroleum Pty Ltd

(now BHP Billiton Petroleum Internatinal Pty Ltd)

Australia

BHP Petroleum India Pvt Ltd

7th Floor, World Trade tower, New Barakhamba Lane,

Connaught Circus

New Delhi-1

Setting up a special purpose company to act as a holding company to undertake generation etc. of all types of energy including LNG, LPG, NGL.

Not indicated

Amendment in the existing FC approval

No fresh

Inflow is

involved

10

Sorbus Associates S.A.

355 Barkly Wharf

Le Caudan Waterfront

Port Louis

Mauritius

Usha Martin Ventures Ltd

24, R.N. Mukherjee Road

2nd Floor, Kolkatta-1 and 9 other ventures

Providing transportation services to passengers on aerial ropeways

Kolkatta

76.89%

11.92

11

Jurong Infra Global Pte. Ltd # 8, Jurong Town Hall Road 08-00, The JTC Summit

Singapore- 609434

100% subsidiary

Designing, engineering, procurement and construction activities, project management and consultancy

Bangalore

100%

27.30

12

Scottish & NEWcastle Plc

33 Ellersly Road

Edinburgh

EH12 6HX

UK

100% subsidiary

Providing technical consultancy for manufacture, marketing and distribution of beer and allied products and downstream investment.

Not indicated

100%

400.00

13

ETA Mauritius

ETA Engineering Ltd

Seethakathi Chambers

5th Floor, 688 Anna Salai Chennai

Business of mechanical engineers and general contractors

Not indicated

Increase in paid up capital by way of issue of fresh equity shares

1.00

14

AGP PTE Ltd

23, Neythal Road

Singapore

Mahaveer Safety Glass Co Pvt Ltd

126, Choolai High Road,

Chennai, Tamil Nadu

Manufacture of Toughened, laminated glass, mirrors and heat reflective glass

Kancheepuram, Tamil Nadu

20%

0.60

15

The Gates Corporation

900 S. Broadway

Denver, Colorado, USA

Nitta Corporation

4-2, Sakurgawa,

4, Chome Naniwaku,

Osaka, Japan

Gates Unitta India Company Private Ltd

29, Kasturi Ranga Road

Chennai – 18

Tamil Nadu

Manufacture of rubber transmission belts or belting, pulleys, tensiners, assemblies, idlers and sprocket.

Chennai

100%

3.50