14th June, 2002
Ministry Of Industry  


MARAN CLEARS FDI PROPOSALS WORTH Rs. 245 CRORE


Shri Murasoli Maran, Union Minister of Commerce & Industry, has cleared 36 Foreign Direct Investment (FDI) proposals involving FDI worth Rs. 245 Crore. The major investment proposals pertain to sectors such as chemicals, engineering, automobiles, mines, power generation, ports, infrastructure, textiles and telecommunications. 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

Hosley International Trading Corporation

20530 Stony Island, Avenue

Lynwood Illinois 60411

USA

Hosley India Pvt Ltd

835, Mahipalpur, Main Vasant Kunj Road

New Delhi

Export trading and dealing in all kinds of handicraft items made up of Iron, Brass, etc

New Delhi

90%

0.90

2

Mr. Mohamed Boualleg

3-10-10, Katahira,

Asro-ku, Kawasaki-shi,

Kanagwa, Prefecture,

Japan

M/s. Mhatre Electronics Pvt. Ltd., 601/602, Raikar Chambers, K.D. Marg,

Deonar (E)

Mumbai – 400 088

Engaged in the business of distribution of broad-casting & other electronics equipments.

Mumbai

33.33%

0.0425

3

Alder SPA

VIA Di Vittoria 20/22

38-68 Roverto, Italy

M/s. Endurance Transmission Systems (I) Pvt Ltd

K-228, MIDC Area.

Waluj, Aurangabad

Permission for royalty payment

Mumbai

Amendment in the existing FC approval

No fresh inflow

is involved

4

Schwing Project GmbH,

Germany

Schwing Stetter (India) Pvt. Ltd.,

F-71, Sipcot,

Industrial Park,

Irungattukottai,

Sriperumpudur Taluk,

Kancheepuram District,

Tamil Nadu – 602 105.

i)To undertake design, manufacture and market plastering machines and to render after sale services to the customers and (ii) To take up agency business for ancillary and allied equipments relating to construction activites.

Maharashtra

100%

No fresh inflow

is involved

5

D’Arcy Masius Benton & Bowles International, Inc.

825 Eighth Avenue,

33rd Floor, New York,

NY - 10019

M/S. Ambience D’Arcy Advertising Pvt. Ltd.,

C/o Arthur Andersen & Co., 17th Floor,

Jawahar Vyapar Bhawan

(STC Building)

Tolstoy Marg,

New Delhi – 110 001.

To undertake advertising, media planning, buying & sales promotion & corporate communication

Not indicated

74% to 100%

0.0078

6

International Finance Corpn.

2121 Pennsylvania Ave NW

Washington DC 20433

USA

Schoolnet India Ltd.

Mahindra Towers,

4th Floor,

Dr. G.M. Bhosale Marg, Worli,

Mumbai

Undertaking K-10 programmes addressing the requirements of schools from Kindergarten to class 10

Mumbai

Conversion of debt into equity in accordance with FCCB guidelines and SEBI/RBI pricing norms.

24.00

7

Schenker AG

Alfredstrasse 81

45130 Essen,

PO Box 103444

45034 Essen, Germany

M/s. Schenker International Pvt Ltd

L-8C, Pt. Jagan Nath Complex, Anand Bhawan,

Mahipalpur, New Delhi

Consolidation of air and sea freight forwarding business in India

Mumbai

Increase in foreign equity from 50% to 100%

3.71

8

M/S. LBH Services and Administration India Ltd.

Beaufort House,

PO Box 438,

Road Town Tortola,

British Virgin Islands

M/S. LBH India Pvt. Ltd.,

15, Base Hospital Road,

Delhi Contonment,

New Delhi

Providing services to ships and allied services

Delhi

100%

0.05

9

  1. Amet Ltd., Russia
  2. Moscow Institute of Steel & Alloys, Russia (MISA)

M/s. Romelt Sail India Ltd. (RSIL),A-47, (FF), Friends Colony (East)

New Delhi – 110065

Modification in Technology Agreement for marketing of Romelt process for production of molten iron.

New Delhi

40%

No inflow

10

India Internet (Mauritius) Ltd

10, Frere Felix, De Valois Street,

Port Louis, Mauritius

Adnova Technologies Pvt Ltd

3rd Floor, Zoroastrian building, 16, Homiman Circle, Mumbai

Launching of comprehensive business portal on the internet

Mumbai

Increase in foreign equity from 36.99% to 100%

0.023

11

Higashida Co. Ltd

239 OAMI, Tawaramoto-Chou

Shikigun, Nara, Japan

Miyama Hotta,

162/12, Tujino Sakai

Osaka, Japan

I.I. Inspection & Export Pvt Ltd

1989/18, Ground Floor

Govindpuri Extn.

New Delhi

Export of readymade garments and services like quality monitoring in Indian made readymade garments

New Delhi

50%

0.20

12

Thomas Schugk, Switzerland

M/s. Samppurnam Hosieries Implex Pvt. Ltd., 4/57, MG Pudur Post Sulur (Via)

Coimbatore – 641 406

Tamil Nadu.

Manufacture of knitted garments & woven garments.

Coimbatore, Tamil Nadu

73%

0.17

13

  1. M/s. Citizen Watch Co. Ltd., 1-1, 2-Chome, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan
  2. M/s. Citizen Trading Co. Ltd.

M/S. Citizen Watches (India) Limited,

C/o Tyabji Dayabhai Lentin Chambers,

Dalal Street,

Mumbai - 400 023

Assembly/production & marketing of watches under the brand name ‘Citizen’.

Mumbai

Increase from 51% to 75%

1.47

14

Financiere Des Applications DE L’,

Electricite S.A.,

Rue De Lusambo 67,

B-1190 Brussels, Belgium.

M/s. Financiere Des Applications DE L’Electricite S.A.,

C/o S.R. Dinodia & Co.

Chartered Accountants

K-39, Connaught Circus,

New Delhi – 110 001

Outsourcing of casing or reflectors from local SSI/non SSI units

Industrial Area, Fridabad

No fresh inflow

is involved

15

Mr. Patrick Vervliet,

Koningin Astridaan 226

2800 Mechelen, Belgium

M/S. Navarun Components Pvt. Ltd.,

B-33, Soochna Appartments,

Plot No. 15, Vasundhara Enclave, New Delhi

Manufacture & assembly of components required in office & commercial establish-ments, lighting shades & fixtures.

New Delhi

96.67%

0.29

16

M/S. Dong-A HWA Sung Co. Ltd.,

334-1 Yuha, Jangyu,

Kimhae, Kyungnam,

Korea - 621-834.

Mr. P.B. Vijayaraghavan, Vijayaraghavan & Associates, C.As.

51 Giri Road,

T. Nagar,

Chennai – 600 017

Manufacture automobile rubber parts.

Sriperumbudur,

Tamil Nadu

100%

5.70

17

GE Plastic (Mauritius) Ltd.

GE Plastics India Ltd.,

Gateway tower,

8th Floor, Old City Phase-III NH-8,

Gurgaon – 122 002

Compounding line for alloys/blends/compound or engineering plastics including coloured resins, polycarbonate sheets etc.

Baroda, Gujarat, Gandar, Gujarat

Increase from 50% to 100%

25.00

18

M/s. Kimplas Ltd.,

2, Health Road, Twickenham, Middlesex,

United Kingdom.

M/s. Kimplas Piping Systems Ltd.,

201, Delta, Hiranandani Gardens, Powai,

Mumbai – 400 076.

Manufacture of polye-thylene, pipe fittings viz. Valves, coulers, reducers, saddles, tees, bends etc.

Mumbai

Increase from 98% to 100%

10.060

19

M/s. Ciba Specialty Chemicals Holdings Inc.

(CSCH), Switzerland

M/s. Ciba Specialty Chemicals (India) Ltd.,

Off. Aarey Road, Goregaon East,

Mumbai – 400 063

Manufacture & sale of specialty chemicals consisting of additives, dyes & chemicals, pigments etc.

Santa Monica, Goa

Increase from 40% to 89%

71.58

20

M/s. Dodsal Mauritius Ltd., 3rd Floor,

Les Cascades,

Edith Cavell Street,

Port Louis,

Mauritius.

M/s. Dodsal Pvt. Ltd.,

Plot No. 1, Udyog Nagar Estate, S.V. Road,

Goregaon (W),

Mumbai – 400 062.

Carry on the business of construction of pipelines, power & process plants, highways etc.

Mumbai

Increase from 51.61% to 55.35%

2.44

21

M/s. Irwin Research & Development Inc., USA.

M/s. Irwin India Pvt. Ltd., 321,

T.V. Industrial Estate,

S.K. Ahire Marg, Worli,

Mumbai – 400 025.

Machineries for manufacture of plastic product & parts thereof.

Nasik, Maharashtra

70%

4.90

22

M/s. Astro E.Com Ltd.,

C/o Muticonsult Ltd.,

10, Frere Felix de Valois Street, Port Louis,

Mauritius.

M/s. Astro E.Com Ltd.,

C/o Sanjiv Sapra & Associates, C-763,

New Friends Colony,

New Delhi – 110016

Make investments in companies/business in India including telecom ventures, IT Server farms and hosting business etc.

Delhi.

49% amounting to USD 5 million (Approx. Rs 21.75 Crore

No fresh inflow

is involved

23

Mr. P.M. Sebastian (NRI),

Managing Director

M/s. Bosco Aluminium Co., Post Box No. 862,

Sharjah, U.A.E.

M/s. Techni Soft India Ltd., 34/136 A, ‘Florance’ Bye-Pass Road, Edappally,

Kochi – 682 024.

Data processing, software development & computer consultancy services.

Kochi, Kerala

23.50%

4.25

24

M/s. Tech Net Services Inc., U.S.A.

M/s. Netbase Computing (India) Pvt. Ltd.,

429, Block-II, Software Technology Park,

Ganga Complex,

Sector-29,

Noida-201303 (U.P.)

Development of Computer Software.

Noida (U.P.)

100%

0.50

25

M/s. Rio Tinto Minerals Development Ltd.(RTMD)

6 St. James’s Square London SW1Y 4LD

M/s. Rio Tinto Exploration Ltd.

C/o Dua Consulting Pvt. Ltd., 301-303,

Tolstoy Marg,

New Delhi – 110001.

To undertake exploration of minerals including, but not limited to gold, silver, diamonds, bauxite, copper, lead & Zinc.

Mumbai

Increase from75% to 85%

20.00

26

M/s. Enercon GmbH,

Germany

M/s. Enercon Wind Farms (Karnataka) Pvt. Ltd., Kolsite House,

Plot No. 31, Shah Indl. Estate, Veera Desai Road, Andheri (W),

Mumbai – 400053

Set up a 21 MW Wind Power project in the State of Karnataka.

Karnataka

65 %

26.00

27

M/S. Compagnie Genrale DCE Geophysique

91301, rue Deon Migaux,

Massy, France.

M/S. CGG Pan India Ltd.

D-4, Commercial Area

Vasant Kunj,

New Delhi.

Geophysical Data acquisition, processing and interpretation

Delhi

Amendment in the existing FC approval

No fresh inflow

is involved.

28

M/S. PSA Marine Pte Ltd.,

7-B Keppel Road,

# 09 07 Tanjong Pagar Complex,

Singapore – 089055

M/S. Sealion Sparkle Maritime Services Ltd.,

Plot No. 128,

Srinagar Colony,

Hyderabad 500 073

Providing comprehensive port management and marine services to ports on the Indian Coastline

Hyderabad

49%

11.84

29

  1. Dr. Mahesh Bikkina, USA
  2. Dr. Sai Ramesh Bikkina, USA
  3. Mr. Srinivas Bikkina, USA

M/s. Southindia Infrastructure Develop-ment Co. Pvt. Ltd.,

24 (Old No. 8),

7th Floor,

Haddows Road,

Chennai – 600 006.

Investments in Infrastructure related activities.

Chennai

16% to 48.35%

4.83

30

M/s. Universal Holdings Ltd., West Indies

M/s. Rameshwar Vaibhav Development Pvt. Ltd.,

21/22, Arasa Shopping Centre, S.V. Road,

Andheri (W),

Mumbai – 400 058.

Setting up a joint venture to develop a mega Mixed use infrastructure project.

Tadgaon Village, Alibagh-Raigadh

Extension to the validity of FC approval

No fresh inflow

is involved.

31

M/S. MLF Haushaltstechnik GmbH

Flehinger Strasse 59,

D-75032 Oberderdingen,

Germany

M/S. Pheonix Appliances Pvt. Ltd.,

405, Ashirward Building,

Ahmedabad Street,

Carnac Bunder,

Mumbai – 400 009.

Manufacturing and marketing of various types of Kitchen sinks and related products made from stainless steel.

Thane, Maharashtra

2%

0.06

32

Comau SPA

Italy

Comau India Pvt Ltd.

26/A/1, Kondhwa

Budruk

Pune, Maharashtra

Mfg. of metal working and mechanical assembly systems and providing related services etc., trading of specified hi-tech items besides after sales services and export trading.

Pune,

Maharashtra

Amendment in the existing FC approval

No fresh inflow

is involved.

33

M/s. Kampsax A/S,

Denmark

M/s. Infrastructure & Technology Consultant India (P) Ltd.,

48/1, Ramakrishna

5th Main Road,

Jayamahal Extension,

Bangalore – 560 046.

Project management & consultancy services.

Bangalore

Increase in foreign equity to 63.25%

Additional foreign

Exchange inflow

Rs. 1,30,10213

34

M/s. Milacron Marketing Co. Ltd. (MML),

4165, Halfacre Road,

Batavia OH 45103, USA.

M/s. Ferromatik Milacron India Ltd. (FMIL), 92, Phase-I,

GIDC Vatva,

Ahmedabad – 382 445.

Manufacture of plastic machinery, injection moulding machines, blow moulding machinces & extrusion machines.

Not indicated

Increase from 89.66% to 95%

No fresh inflow

is involved.

35

M/s. Makino Asia Pte. Ltd.,

2 Gul Avenue,

Singapore – 629649.

M/s. Makino Machine Tool (India) Pvt. Ltd.,

No. 11, Export Promotion Industrial Park,

K.R. Puram,

Bangalore-560066.

Manufacture of machie tools, their parts and accessories.

Bangalore

Increase from 61.61% to 100%

0.01

36

M/s. Thyssenkrupp Elevator AG,

August-Thyssen-Str.1

D-40211 Dusseldorf,

Germany.

M/s. Thyssenkrupp ECE Elevator Pvt. Ltd.,

6th Floor, Vipps Centre,

No.2 Masjid Moth LSC

Greater Kailash-II,

New Delhi – 110048.

Engaged in development, design, engineering, manufacture, marketing, sale, installation, repair, refurbishment etc of elevators and escalators and their parts and components and export.

New Delhi

100%

25.05