31st December, 2002
Ministry of Commerce & Industry  


ARUN SHOURIE CLEARS FDI WORTH RS. 107 CRORE


Shri Arun Shourie, Minister for Disinvestment and Commerce & Industry, has approved 23 proposals of foreign direct investment (FDI) amounting to Rs. 107 crore, on the recommendations of Foreign Investment Promotion Board (FIPB). The major investment proposals pertain to the sectors such as chemicals & petro-chemicals, manufacture of fertilisers & pesticides, petroleum & natural gas, manufacture of bio-mass-based products and software development. A list of proposals cleared is enclosed.

FIPB MEETING HELD ON 19.12.2002

S.No.

Name & Address of the existing/proposed 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

Duckworth & company (Essences) Ltd, UK

The Duckworth Group

416 Chester Road

Manchester

England M16 9HJ

UK

M/s. Duckworth Flavours (I) Pvt Ltd

9, Seshadri Road

Gandhi Nagar

Bangalore-9

Flavours & Emulsions

Bangalore

Increase in foreign equity from 40% to 100%

0.60

2

Multibase S.A.

Sint Lautent Dupont

(38380)Zi Du Gwies

France

Synergy Multibase Limited

SynergyHouse

Subhanpura, Vadodara

Manufacture of polypropylene, polyethylene, Styneric polymers, polystyrene, Abs, san and Polymides

Daman

Amendment in the existing FC approval

No fresh

Inflow is

involved

3

Essilor Internation SA

147, Rue de Paris

94227, Charenton Cedex

France

Essilor International, France

C/o. M/s. Indian Opthalmic Lenses Manufacturing Co Pvt Ltd

48, L&M, Kiadb Indl. Area, Doddaballapur – 561 203

Manufacture of plastic ophalmic lenses with technology provided by Essilor and Sola International Inc.

Bangalore

Increase in foreign equity from 92.7% to 94.32%

12.76

4

Telepoint Distribution Pte Ltd

No. 5, Upper Aljunied Link

#08-05, Quartz Industrial Building, Singapore-367903

Telepoint Distribution Pte Ltd

#512/8, Faharpur Business Centre,

Nehru Place

New Delhi

Wholesale distribution and trading telecommunication, electric and electronic products mainly on mobile phone hand sets and their accessories

Delhi/ Haryana

100%

0.25

5

Amtrada Holding BV

Herengracht 214, 1016 BS Amsterdam

P.O. Box 3779,

1001 AN Amsterdam

Holland

Nedcommodities India Private Limited

14th Floor,

B-Wing, Mittal Towers, MG Road

Bangalore

Engage primarily in procurement, processing and sale (export as well as domestic sales) of coffee, cocoa beans and other de-regulated agricultural commodities

Bangalore

100%

3.75

6

Bayer Crop Science AG

Alfred-Nobel-Strabe 50

Monheim

Germany

Aventis Crop Science India Limited

Aventis House

54/A, Sir Mathuradas Vasanji Road, Andheri(East)

Mumbai

Manufacture of fertilizers and pesticides

Mumbai

Increase in foreign equity from 67.08%to 100%

74.00

(with

Premium)

7

ABS InfoLink Inc

16855 Northchase Drive

Houston,
TX 77060-6008, USA

ABS Group Services Inc

16855 Northchase Drive,

Houston,

TX 77060-6008, USA

ABS InfoLink (India) Private Limited

5th Floor,

17 Ganesh Chandra Avenue, Kolkata

Business of manufacturer, exporter, importer, buyers, sellers and dealers in electronic systems, IT including consultancy, computer hardware, software development, IT services etc.

Kolkata

100%

0.01

8

M/s. Coca-Cola South Asia Holding Inc

P.O. Drawer 1734

Atlanta, GA 30301

Hindustan Coca cola Holdings Pvt Ltd

Enkay Towers,

Udyog Vihar, Phase-V

Gurgaon, Haryana

Expand and consolidate the production and distribution infrastructure of non-alcoholic beverage business in Eastern and Western India

New Delhi

Amendment in the existing FC approval

No fresh

Inflow is

Involved

9

M/s. Pepsico Inc. USA

M/s. Pepsico India Holdings Ltd

Mohandev Building

13th Floor, Tolstory Marg,

New Delhi

Acquisition of plant and franchisee

Haryana, Himachal Pradesh

Amendment in the existing FC approval

No fresh

Inflow is

Involved

10

Leo Burnett Worldwide INC

TLG India Pvt Ltd

C/o. S.R. Batliboi & Associates

18th Floor, Express Towers

Mumbai-21

Engaged in the business of advertising

Mumbai

Increase in foreign equity from 74% to 79.28%(acquisition of 600 shares)

At par

value

Negligible

Amount of

Inflow is

involved

11

M/s. IKOS Systems Inc.

USA

M/s. IKOS (India) Pvt Ltd

B-15, Ansal Chambers-I

3, Bhikaji GamaPlace

New Delhi

Development of computer software

Noida, UP

Amendment in the existing approval

No fresh

Inflow is

Involved

12

G3 Worldwide Aspac Pte Ltd

80, Raffles Place

# 33-00 UOB Plaza 1

Singapore – 048624

100% WOS

Providing world class direct mail logistics services including packaging of publications, backroom solutions and print services etc.

Mumbai

100%

2.50

13

Coflexip Stena Offshore (Mauritius) Ltd

10, Frere Felix de Valois Street,

Port Louis, Mauritius

Peerless Shipping And Oil Field Services Ltd

(South East Asia Marine Engineering and Construction Ltd) 16/2, Sterling Centre

GR Floor,Dr. A.B. Road

Worli, Mumbai-18

Offshore construction and diving services to the oil and gas industry

Mumbai

Increase in foreign equity from 58.24% to 78.24%

6.78

(at par)

14

Cornelder Logistics India (S) Pte Ltd

1, Tuas Avenue

3, Singapore 639402

Pennon Shipping Pvt Ltd

S-308, "Ideal Plaza"11/1 Sarat Base Road,

Calcutta

Warehousing and collateral management services including shipping related services of stevedoring, cargo inspection etc.

Calcutta

51%

0.01

15

M/s. Craigmore Investments Ltd,

16, New Street, Peter Port, Guernsey Channel Islands

M/s. Laksdeep Holdings Ltd.

28, BIS, Dr. Eugene Laurent Street,

Port Louis, Mauritius

M/s. Craigmore Textiles Pvt Ltd

A-104, Ranka Plaza 157

Wheeler Road,

Frazer Town, Bangalore

Embroidery in the piece, in strips

Bangalore

Amendment in the existing approval

No fresh

Inflow is

Involved

16

M/s. Gold Plex Limited

45, Courtway, Colindale

London NW 9, UK

M/s. Maharani Tours Pvt Ltd 11, community centre, East of Kailash, New Delhi

Tours and Travel Agents

Delhi

86.66%

0.26

17

TB Wood’s Incorporated

440 North Fifth Avenue

Chambersburg,

PA 17201, USA

TB Wood’s (India) Pvt Ltd

14/15, 2nd Main

electronics City

Hosur Road

Bangalore

Manufacture, market and support with excellence of AC variable speed drives (inverters) in India etc.

Bangalore

Conversion of ECB into equity

0.97

18

Mashkoor Ahmed Khan

USA

Linquest Telecom Pvt Ltd

A-27/4, Qutub Enclave

DLF Phase I

Gurgaon

Permission for trading

Not indicated

Amendment in the existing FC approval

No fresh

Inflow is

Involved

19

M/s. Sembawang Business International Pte Ltd (Formerly)

Ascendas Services Pte ltd

75, Science Park Drive

#01-03, CINTECH II

Singapore Science Park 1

Singapore 118 255

100% Subsidiary

Providing system integration services and consultancy etc. as additional activities

Bangalore

Amendment in the existing FC approval

No fresh

Inflow is

Involved

20

FERD Schemetz GmbH

53-598 Icherouxir

Herzogenrath, Germany

M/s. Schmetz India Private Limited

33/34, Sector2, KFTZ

Gandhi Nagar – 370230

Manufacture, trade and export of sewing machine needle systems in the Kandal free trade zone

Kandla Free Trade Zone, Gujarat

Increase in foreign equity from 76% to 100%

1.74

21

Conitex Sonoco Holding BV

2, Martinus, Nijhofflan,

2624 ES Delft, Holland

Conitex Sonoco India Pvt Ltd

202-206 Tolstoy House

15, Tolstoy Marg,

New Delhi-1

Undertake manufacture of paper cones etc.

Pune, Maharashtra

Transfer of only 20 equity shares

Negligible

Amount of

Inflow is

Involved

22

Thales International Asia Pte Ltd

152, Beach Road

# 23-05/06

The Gaeway East

Singapore-189721

100% WOS
Le Meridian Commercial Tower

7th Floor, New Delhi

Rendering technical support to the products of group companies like services high-tech consulting in Ground Based Radar, Air borne Electronic Systems, Avionics, Optronics, Air Traffic management, Oil & Natural gas, etc.

New Delhi

100%

2.00

23

M/s. Profil Teknik Ltd

P.O. Box 336, Anson Court Les Camps. St. Martings 1, Guernsey, C.I,

Channel Islands, UK

Paco Biotech(India) Private Ltd

# 54 ‘B’, 17th Corss,

Malleswaram,

Bangalore

Manufacture of biomass based products such as pallets, veggi box, toilet seats, bed post furniture etc.

Bangalore

40%

1.82

 
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