19th July, 2002
Ministry of Commerce & Industry  


MARAN CLEARS FDI PROPOSALS WORTH Rs. 76 CRORE


Shri Murasoli Maran, Union Minister of Commerce & Industry, has cleared 40 Foreign Direct Investment (FDI) proposals involving FDI worth Rs. 76 Crore. The major investment proposals pertain to sectors such as chemicals & petro-chemicals, health, software development & information technology services and manufacture of electrical & automotive components. 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

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

Mrs. Thomas Anjula and 7 other NRIs from Singapore

Mid India Engineering Limited

Kapadia Chamber,

Ist Floor,

51-Bharuch Street,

Mumbai

Import and export of pulses, food grains, spices etc.

Greater Mumbai, Maharashtra

41.66

0.50

2

Mr. C. Goh Beng Jin & four other Malaysian Nationals

C/o. Suite 8.04-8.15, 8th Floor

Oudu Plaza Office Tower,

Jalan Landak, Off. Jalan Pudu

55100 Kuala Lumpur

K-Link Healthcare products (India) Pvt Ltd

Unit A, Block A,

6th Floor, Meena Kampala Arcade,

113, Sir Thiyagaraya Road,

T. Nagar,

Chennai

Importing, exporting, trading and manufacturing of health care products

Chennai

100%

3.00

3

M/s. Sumitomo Wiring Systems Ltd.,

1-14, Nishisuehiro-cho,

Yokkaichi-City,

Mie Pref. 510, Japan.

M/s. Sumi Motherson Innovative Engg. Ltd.,

43, Community Centre,

New Friends Colony,

New Delhi – 110065.

Special grade PVC compounds and plastic/brass components.

Noida (UP)

Extension of FC agreement

No fresh

Inflow is

Involved

4

M/s. Gist Brocade International B.V.

6 APA, 7ACDA Cephalso PNNG,

Cephalosponn

M/s. MAX – GB Ltd.,

(Now Known M/s. DSM Anti-Infectives (I) Pvt. Ltd

Bhai Mohan Singh Nagar

Toansa, Distt. Nawanshahr, Punjab

Manufacture of plastic moulded components for use in automotive, electric industries

Not indicated

Increase in foreign equity from 95% to 100%

5.5

5

Zambon BV

Algolweb 11

3821 BG Amersfoort

The Netherlands

Inpharzam Trading Company S.A Via Al FORTE $
6901 Lugano

Switzerland

Zambon (India) Pvt. Ltd

Street B-1, Defence Colony,

New Delhi-24

Export of pharmaceuticals, bulk drugs and pharmaceutical formulations from India

New Delhi

100%

9.60

6.

Theorema Italia SRL

Via Brunelleschi

3-59100 Prato, Italy

Theorema Scandinavia AB

Box 28, Kallbogatan 1,

280 64 Glimakra. Sweden

Theorema India Impex Pvt Ltd

16, Majithia Industrial Estate,

Waman Tukaram Patil Marg,

Deonar, Mumbai

Indenting Agent for overseas buyers of footwear manufacture and allied items

Mumbai

65%

0.16

7

M/s. Mapal Dr. Kress AG., Germany

M/s. Mapal India Pvt. Ltd.

70/3, Millers Road,

Bangalore – 560 052

Manufacture of high pressure boring & milling tools

Bangalore, Karnataka

100% acquisition of another venture

Inflow not indicated

8

M/s. Interdent Holding AG, Switzerland

M/s. Interdent Holding AG,

C/o Arvind P. Dalal & Associates,

54-C*91-C, Mittal Tower,

Nariman Point,

Mumbai – 400 021.

Permission for undertaking import & trading of dental equipment/products

Mumbai

Amendment in the existing FC approval

No fresh

Inflow is

Involved.

9

M/s. Temper Corpn., USA,

2401 Edmund Road,

Box 20, Cayce West Columbia,

SC – 29171-0020 (USA)

M/s. Phooltas Tamper Pvt. Ltd., Layak Bhawan,

Boring Canal Road,

Patna – 800 001.

Manufacture of machinery & equipment for construction and maintenance of railway track.

Not indicated

Increase in foreign equity from 40% to 50%

0.012

10

M/s. Societe International De Participation,

Societe anynyme au capital de 374.080.000 BEF, Siege Social: 204, Avenue Marcel Thirty – 1200 Bruxelles (Belgique), RC Bruxelles : 591891.

M/s. Seat Metal Components of India (P) Ltd.,

S-421, Manipal Centre,

47, Dickenson Road,

Bangalore – 560 042.

Manufacture of car seats and metallic components thereof.

Delhi

Amendment in the existing FC approval

No fresh

Inflow is

Involved.

11

USA Communication Technology Ltd.

British Virgin Island of United Kingdon

Usha Comm India Pvt. Ltd. formerly Usha Beltron Limited (UBEST India Ltd) 25A, Shakespeare Sarani

4th Floor, Kolkata.

Development of software products for the Telecom sector for domestic and foreign countries in their respective set ups.

Calcutta

Conversion of loan into equity

42.30

12

SAS Institute Inc

Campus Drive

Cary, USA 27560

SAS Institute Global Services Private Limited

01/302, Great Eastern Plaza, Nagar Road, Yerwada, Pune

Software development and trading activities

Pune, Maharashtra

Transfer of two equity shares

No fresh

Inflow is

Involved

13

Raykay Inc.

1-5-6, Nihonbashi

Kakigara-cho,

Chuo-ku

Tokyo 103-0014, Japan

Friday Content Solutions Pvt Ltd.

301, Golf apartments

Maharishi Ramana Marg

New Delhi

Development of web site & content management

New Delhi

13.88%

4.67

(including premium

14

The Rice Corporation DBA

The Rice Company, USA

M/s. Oryza India Pvt Ltd

204, Ideal House,

69, Nehru Place,

New Delhi

Software Development

Delhi

Increase in foreign equity from 66.67% to 96.67%

0.009

15

DMG Information Inc

2, Stamford Landing,

68, South field Avenue

Stamford, Connecticut

06902, USA

R.M. Software India Pvt Ltd

A-7, Sector-16, Noida

UP

Consultancy as well as software development

Mathura Road, Delhi

Buy back of shares and decrease in foreign equity

No fresh

inflow is

involved

16

S. Niranjan Nanthagopan

C/o. Inlanka Infotech Institute Pvt Ltd

181/1, W A Silva Mawatha

Colombo

NN Soft Tech Pvt Ltd

66(46/1), Ganapathy St.

West Mambalam,

Chennai

Software development with IT related human resource activities

Chennai

100%

0.05

17

M/s. New Horizons Computer Learning Centres, Inc., 1900,

South State College,

Boulevard, Suite 200, USA

M/s Shriram Global Technologies & Education Ltd.,

1st Floor, Kanchenjunga Building,

18, Barakhamba Road,

New Delhi – 110001.

Setting up managing & operating state of art IT (Software & Hardware) training Centres.

New Delhi

5%

0.75

18

M/s. Chrysalis Capital I

LLC

3rd floor, Les Cascades,

Edith Cavell Street,

Port Louis

Mauritius

Transworks Information Services Pvt Ltd

C/o. TRILEGAL

C-56, Panchsheel

Enclave,

New Delhi

Providing customer services in the field of product information and support, e-transaction support, billing inquiries and technical support etc.

Mumbai

Increase in foreign equity from 40.93% to 67.68%

0.23

19

M/s. AIG Offshore Systems Services Inc.

160 Water Street,

22nd Floor, New York

New York 10038

AIG Systems Solutions Private Limited

"Palani Centre" Ground Floor, No 32, Venkatanarayana Road, T. Nagar,Chennai – 600 017

Development of computer software

Chennai

100%

0.01

20

M/s. e Jiva Inc

246 Alpha Drive

Pittsburg

PA 15238

USA

Aquaregia Technologies Pvt Ltd

Plot # 96, Road # 2,

Banjara Hills,

Hyderabad

IT consulting services and products

Hyderabad

100%

0.44

21

Mr. Rabindra Kumar Roy

7431, NW Evergreen Parkway,

Suite 220, Hillsboro

OR 97124, USA

Mr. Arup Ratan Gupta

1723, Lucca Place

San Jose CA 95138, USA

Mr. Prasid Ranjan Dasgupta,

22, Sycamore Lane,

Chester Springs,

PA 19425, USA

Alumnus Software Ltd

Infinity, Tower II,

2nd Floor, Plot NO. A3

Sector V, Block GP

Salt Lake City,

Kolkata

Data processing, software development and computer consultancy services

Calcutta

7%

0.41

22

Gisseta-USA

23597 High Meadow Novi

MI 48375, USA

Gisseta India Private Ltd

Third Floor,

"Sudershan Plaza"

102/106, Velachery Main Road, Guindy

Chennai

Prodiving, developing and selling "browser/Internet based software for product development solutions

Chennai

100%

0.25

23

Aquent Inc.

711 Boylston Street,

Boston, MA 02116-2616

USA

100% subsidiary

Graphic design, web design, presentation graphics, printing and illustration & software solutions

Maharashtra

100%

0.25

24

Mr. Kaushik Narayandas Hamlai

P.O. Box 844, 158 Naif Road South, Opp. Delhi Darbar Restaurant

Diera Dubai(UAE)

M/s. Vaman Technologies (R&D) Ltd. 9th Floor,

Agarwal Trade Centre,

Plot No. 62, Sector 11,

CBD Belpur

Navi Mumbai

Computer Software

Navi Mumbai, Maharashtra

Increase in foreign equity from 50% to 60%

0.167

25

Mr. P. Sivakumar, &

Ms. Anupama Sivakumar

1598 Hinterlong Lane,

Naperville IL 60563

USA

M/s. e-Sinewy Global Services,

No. 10, Trition Cottage,

Wipro Road

Guduvancherry-32

Software Solutions other related services to Overseas clients

Guduvancherry(TN)

50%

0.01

26

Seishan Enterprises Co. Ltd

Nippon Brunswick Bldg

5-27-7, Sendagaya

Shibuya-ku

Tokyo, Japan

Seishin Advanced Material Technologies Pvt. Ltd

Plot 1230, Road No 60

Jubilee Hills,

Hyderabad

Processing and gridning of mica, other minerals, chemicals, pharmaceutical proudcts

Hyderabad

100%

0.01

27

M/s. Quaker Chemical Corporation,

Conshohocken (North American Region),

Elm & Lee Streets Conshohocken, Pennsylvania 19428-0809, U.S.A.

M/s. Asianol Lubricants Ltd. (M/s. Quaker Chemical India Ltd.),

7-B, Pretoria Street,

Kolkatta – 700 071

Market semi-synthetic & synthetic rolling lubricants and chemicals specialities, fire resostant hydraulic fluids, corrosion preventies, metal working fluid etc.

Mahestolla,

West Bengal

Extension of technical collaboration agreement.

No fresh

Inflow is

Involved.

28

Agis Aweca Europe Internationale Logistik GmbH,

Herrenberger Strabe 68

Nagold, Germany

Aweca Sherif Logistics India Pvt Ltd

34, Orient Court

Rajaji Salai, Chennai

Logistic services including freight forwarding agents, steamer agents, Shipping agents and also freight stations, act as agents for cargo consolidation by air, sea, road etc. and to provide all freight services

Chennai

Increase in foreign equity from 51% to 100%

0.15

29

GI Mauritius Holdings, Ltd

608, St. James’ Court

St. Denis Street,

Port Louis, Mauritius

HCL General Instrument Pvt Ltd

(Now, M/s. GI India Pvt Ltd)

517-520, Prestige Centre

Point, 7, Edward Road,

Bangalore

Designing and manufacturing boad-band communications equipment

New Delhi

Change in foreign collaborator

No fresh

Inflow is

Involved

30

M/s.Satbinder Singh Lail

25 Norfolk Road

ED Gbaston Birmingham

B 15 3 FU

UK

Bangalore Babywear Co. (P) Ltd

# 104/1, Govardhan Indl. Complex

Singasandra Village

Hosur Road,

Bangalore- 560 068

Manufacture and export of Readymade Garments

Bangalore, Karnataka

Withing the approved 100% equity

0.21

31

Mr. Philip Kadamala

Grut, STR 60 8802

Kilchberg

Switzerland

M/s. Best Builders Pvt Ltd 24/732, MC Road

Chakkanthara, Palakkad- 678004

Activities of running a marriage hall

Palakkad, Kerala

20%

0.04

32

M/s. Meturit A.G.,

Switzerland.

M/s. Wida (India) Ltd., 8/9th Mile,

Tumkur Road,

Bangalore – 560 073.

Manufacture of tungsten carbide tools.

Bangalore

50.99% to 77%

5.66

33

Illinois Tool Works Inc. USA

ITW JEJU Industries Ltd, 142/2/1, dingrajwadi

Pune – Nagar Road

Shiruru, Pune, Maharashtra

Manufacture parts and accessories of vehicles, appliances and equipment

Pune

Increase in foreign equity from 66.16% to 100%

1.12

34

Netafim Yiftah Irrigation Equipment & Drip Systems, Israel

Netafim Irrigation India Private Limited

Ist Floor, 297 CST Road

Vidyanagari, Kalina,

Mumbai

Mfr, distribution and sale and after-sale service of non-pressure compensated drippings and button drippers

Not indicated

Expansion of activities

No fresh

inflow is

involved

35

M/s. Reebok International Ltd (RIL)

1895 J.W. Foster Boulevard, Canton,

MA 02021, USA

M/s. Reebok India Co. (RIC), Singature Tower B

South City Gurgaon,

Haryana

Development services, quality assurance, quality control and other technical services with respect to footwear and apparel products, market and distribute footwear and apparel products

Brijwasan, New Delhi

Extn. of Tech. Collaboration agreement

No fresh

Inflow is

Involved

36

M/s. Degremont S.A.

183, Avenue Du 18 Juin

1940,

92508 Rueil Malmaison,

Cedex.

M/s. Degremont India Ltd.

SCO – 4, Sector – 14,

Gurgaon, Haryana-122001

Manufacture machinery for filtering/purifying liquids

Not indicated

Amendment in the existing FC approval

No fresh

Inflow is

Involved

37

M/s. Citizen Watch Co. Ltd.

M/s. Citizen Trading Co.

Ltd.

M/s. Citizen Watches (India) Ltd.

53, Pillaiyar Koil Street, Vadapalani,

Chennai – 600 026.

Assembly/production and marketing of watches under the brand name "Citizen"

Chennai, Tamil nadu

Amendment in the existing FC approval

No fresh

Inflow is

Involved

38

M/s. Ashpura Minechem Ltd,

Jeevan Udyog Building

3rd Floor, 278,

D.N. Road, G.P.O.

Box No 912, Fort,

Mumbai – 400 001.

M/s. Volclay International

C/o Chmbers of Zia Mody

16, Alli Chambers,

N. Master Road, Fort,

Mumbai – 400 001.

Mining and processing of Bentonie and Manufacture of clay products based on Bentonie

Delhi

Amendment in the existing FC approval

No fresh

Inflow is

Involved

39

Seletar Investments Pte Ltd

No. 8, Shenton way

# 38-03, Temasek towers

Singapore 068811

Merlin Technologies (India) Pvt Ltd

"Times Towers"

No. 1, Subbaraya Avenue,

Off. C.P. Rangasamy Road, Abhiramapuram,

Chennai

Management consultancy services

Chennai

Increase in foreign equity from 80% to 100%

0.06

40

Emerson Electric Co

8000 West Florissant Ave

P.O. Box 4100

St. Louis,

MO 63136-8506, USA

Emerson Network Power (India) Pvt Ltd

Plot No. C-20, Road No. 19, Wagle Indl. Estate,

Thane(W), Maharashtra

Hiross India Pvt Ltd

303/304, The Sangeet Plaza, 3rd floor, Marol Maroshi Road, Andhri East, Mumbai

Manufacture and distribution of close-control air conditioning systems

Mumbai

100%

0.012