13th September, 2002
Ministry of Commerce & Industry  


MARAN CLEARS FDI PROPOSALS WORTH RS. 212 CRORE


Shri Murasoli Maran, Union Minister of Commerce & Industry, has cleared 30 Foreign Direct Investment (FDI) proposals involving FDI worth Rs. 212 Crore. The major investment proposals pertain to sectors such as infrastructure development, textiles, providing services to farmers through franchise network, consumer goods, heavy machinery, operating TV news channel, software development and IT enabled services. 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

Multibase S.A

Sini Lautent Dupont

(38380) ZI DU GWIES

France

Synergy Multibase Ltd

Synergy House

Subhanpura

Vadodara – 390 007

Manufacture of polypropylene, Polyethylene, Styneric Polymers, Polystyrene, ABS, San and Polyamides

Daman & Diu

Increase in foreign eqity from 76.80% to 100%

0.18

2

Sierra Atlantic Inc

USA

Sierra Optima Limited

8-2-1/B/1, SVR Towers

Punjagutta,

Hyderabad

Software development

Hyderabad

Increase in foreign equity from 25% to 100% and decrease in paid up capital

No fresh

Inflow is

involved

3

Alghanim Industries (Mauritius) Ltd

Louis Leente Street

Curepipe, Mauritius

Kirby Building Systems India Ltd

12-2-823/B-55, Income Tax Colony, Mehdipatnam

Hyderabad

Manufacture of pre-engineered metal building systems

(change in mode of royalty payment)

Hyderabad

Amendment in the existing FC approval

No fresh

Inflow is

involved

4

Owari Precise Products Co. Ltd

2345-1, Haneuchi,

Shimoi-cho

Owariasahi-City, Aichi-pref

488-8578, Japan

Moriyama Mfg. Co. Ltd

6131-chome, Amakoda

Moriyama-ku

Nagoya 4630037, Japan

100% WOS

 

 

 

 

 

Manufacture of Synchroniser Rings and Synchroniser Cones

New Delhi

100%

14.20

5

Hewlett-Packard

20555 State Highway 249

Houston, Texas 70070

USA

Hewlett-Packard India Ltd

Chandiwala Estate

Maa Anandmai Marg

Kalkaji, New Delhi

Test and measurement/computer peripherals and medical products

Not indicated

Amendment in the existing FC approval

No fresh

Inflow is

Involved

6

Samsung Electronics Co. Ltd

South Korea

Samsung Electronics India Information & Telecommunication Ltd

47, Ring Road, Lajpat Nagar, New Delhi

Cash & carry wholesale trading

Delhi

Amendment in the existing FC approval

(clarificatory)

No fresh

Inflow is

involved

7

  1. Mr. Wiliam John Alden UK
  2. M/s. E.W.C. Wilkins Ltd, UK

M/s. Alden Prepress Services Pvt Ltd

B-Block, No 20, North Usman Road

T. Nagar, Chennai

Development of Computer software

Chennai

Transfer of two equity shares

No fresh

Inflow is

Involved

8

CapMark Services LP

245 Peachtree Center Avenue

NE Suite 1800 Atlanta

Georgia GA 30303

USA

CapMark Overseas Processing India Private Limited

Vanenburg IT Park

Plot No. 17, Software

Units Layout

Madhapur, Cyberabad

Hyderabad

IT-enabled services-back office transaction processing

Hyderabad

Acquisition of 10,000 shares of Rs. 10/-(100%)

0.01

9

Palo Alto Ventures LLC

4228 Darlington Ct

Palo Alto, CA 94306

USA

E-Space Technologies Private Limited

149, Greams Road,

Chennai

Software development

Chennai

4.20%

0.20

10

M/s. Digital Publishing Solutions,

Suite 603,

Tower I, Admirality Centre, 18, Harcourt Road

Hong Kong

M/s. DX Technologies Pvt Ltd

E-Building, Liberty

North Main Road

Koregaon Park

Pune, Maharashtra

Computer Software

Pune, Maharashtra

Increase in foreign equity from 90.60% to 99.99%

0.0099

11

GVK International NV

Chuchubiweg

17, Curacao

Netherlands Antilles

GVK Infrastructure Investments

K.V. Ramani

E-54, 19th Cross Street

Besant Nagar, Chennai

Investments in infrastructure projects

Hyderabad, AP

51%

51.00

12

Ceragon Networks Ltd

24 Raoul Wallenberg St

Tel aviv 69719, Israel

Ceragon Networks (UK) Ltd

4 Oak Tree Park, Burnt Meadow Road, North Moons Moat, Redditch, Worcestershire B98 9 NZ, UK

100% subsidiary

Marketing, pre-sales and technical support of customers of ceragon products viz., high capacity wireless network equipment for cellular operators, communication providers and enterprises in India

New Delhi

100%

0.048

13

Pati Mauritius Ltd

2nd Floor Anglo Mauritius House, 4 Intendance Street

Port Louis, Mauritius

Pati Sdn Bhd

Level 3 Menara john Hancock

No 6 Jalan Gelenggang,

Damansara heights

50490 Kuala Lumpur, Malaysia

Pati International (India) Pvt Ltd

SRB House

20 Community centre

Madangir

New Delhi

Business of Turn Key Construction and civil engineering projects

New Delhi

Transfer of 2 equity shares of Rs. 10/- each

No fresh

Inflow is

Involved

14

A/S Roulunds Fabriker

Denmark

Industrial Funds for developing countries of Denmark

Hilton Roulunds Ltd

"Hilton House"

S-23, Green Park Extn.

New Delhi

Payment of royalty on the sale of range of Disk brake pads and commercial vehicle Linings

Jhagadia-Indl. Estate

Amendment in the existing FC approval

No fresh

Inflow is

Involved

15

Mr. Jamie Styles Klyssenbedrijf

Eenmanszaak

Rietwijkerstraat 21 2 HG

1059 VV Amsterdam

The Netherlands

Mr. Jamie Keith Sidney Styles

Klyssenbedrijf

A-226, Defence Colony,

New Delhi

Manufacture and sale of furniture items (non-wood based and non-SSI) and designing consultancy

Not indicated

100%

0.06

16

M/s. LVMH Watch & Jewellery, Singapore Pvt Ltd

250 North Bridge Road

3204, Rffles City Tower

Singapore 179101

LVMH Watch & Jewellery Singapore Pte Ltd

C/o. Pricewater House Coopers

Sucheta Bhawan

Gate No. 2, Second Floor

11-A, Vishnu Digamber Marg, New Delhi

Import & wholesale trading of LVMH products.

Delhi

Amendment in the existing FC approval

(clarificatory)

No fresh

Inflow is

Involved

17

The Stone & Webster International B.V

Telestone 8 – Teleport

Naritaweg 165

1043 BW Amsterdam

The Netherlands

100% subsidiary

Undertake project management and consultancy.

Not indicated

100%

0.20

18

Huhtavefa BV

Jupiterstraat 102

2132 HE Hoofddorp

Netherlands

The Paper Products Ptd

504,506, Ansal Chambers- II

6, Bhikaji Cama Place

New Delhi

Manufacture and marketing of printed laminates of polymer, aluminium foil and paper based films.

New Delhi

Increase in foreign equity from 51% to 58.92%

1.00

19

International Finance Corporation

2121, Pennsylvania Avenw

Washington DC
20433 USA

Mahindra Shubhlabh Services Ltd

Mahindra Towers,

3rd Floor, Worli

Mumbai

Providing services to the farmers through the franchise network except

Mumbai

34.54%

13.00

20

Korea Fiblong Co. Ltd

Calle De Pipul

# 26 COL

Jesus Gonzalez Ortega Puebla, Mexico

Fiblon India Pvt Ltd

H-79, Kalkaji

New Delhi-19

Wholesale trading of imported apparel/garment manufacturing machines & spare parts

New Delhi

100%

0.25

21

Toyoda Gosei Co Ltd

1, Nagahata, Ochiai

Haruhi-cho,

Nishikasugai-gun

Aichi Pref. 452-8564

Japan

M/s. Toyota Shusho Corporation (TTC), Japan

M/s. TG Kirloskar Automotive Pvt Ltd

P.B. No. 2475

Hebbal Agrrifarm,

Bangalore – 24

Karnataka

Manufacture of plastic parts in the interior and exterior parts and steering wheels for automobiles India

Bidadi Indl. Area, Bangalore

Amendment in the existing FC approval

No fresh

Inflow is

involved

22

GE Capital Mauritius Equity investment

Les Cascades Building

Edith Cavell Street,

Port Louis, Mauritius

TV Today Network Ltd

Videocon Tower

E-1, Jhandewalan Extn.

New Delhi

24 hour Hindi News and current affairs television channel

Delhi

7.5%

10.50

23

J & P Coats Ltd

28, Savile Row

London WIX 200LLA PC

UK

Madura Coats Ltd

144, Mahatma Gandhi Road, Bangalore

Manufacture and distributes thread, apparel fabrics and industrial textiles

Bangalore

Increase in foreign equity from 63.21% to 100%

21.67

24

Choice Hotels International Inc, Germany

Choice Hospitality (I) Pvt Ltd

4/11, Shanti Niketan

New Delhi

Hotel Industry( change in the terms of royalty payment)

Not indicated

Amendment in the existing FC approval

No fresh

Inflow is

involved

25

Foreign Institutional Investors

Hindustan Lever Limited

1009-1011, Tolstoy House, 15-17, Tolstoy Marg, New Delhi

Fast Moving Consumer Goods( FMCG) business

Mumbai

Issue of 1375 shares of Rs. 1/- to the non-resident share holders due to merger of International Best Foods Ltd

No fresh

Inflow is

involved

26

Tellabs Denmarks A/S

Denmark, IFU

Bremerholm 4

DK 1069

Copenhagen, Denmark

Fibcom India Ltd

Bhai Virsingh Sahitya

Sadan, Bhai, Vir Singh Marg, New Gole Market

New Delhi-1

Manufacture of Dense Wavelength division multiplexing equipment(WDM) & Optical line amplifier

(change in the terms of royalty)

Gurgaon, Haryana

Amendment in the existing FC approval

No fresh

Inflow is

Involved

27

M/s. Kodak Ltd,

Kodak House,

Station Road

Hemel Hempstead, Herts

HPI IJU

59535 London, UK

Kodak India Ltd

Vinay Bhavya Complex

159-A, CST Road

Kalina, Mumbai

Manufacture and marketing of cameras, imaging goods and photochemicals

Mumbai

Increase in foreign equity from 74.76% to 100%

99.00

28

Sun Chemicals Group B.V.

Netherlands

Sun Chemical Group B.V

Transport Depot Road

Calcutta

Manufacturing of printing ink

Calcutta

Increase in foreign equity from 59.42% to 69.42%

0.69

29

M/s. Arthur D. Little India Inc

25, Acorn Park Cambridge

MA 02140

USA

Arthur D. Little India Consultancy

C/o. Nitin Singhala & Co

703/704, Tardeo A.C. Market,

Tardeo Road, Mumbai

Providing consultancy services in industry (transfer of entire share holding from one FC to another FC)

Greater Mumbai, Maharashtra

Amendment in the existing FC approval

No fresh

Inflow is

involved

30

DCl Inc.

Charlevoix, Mechigan, USA

DCL Bulk Technologies Pvt Ltd

Plot No. 20

Shobana Colony

West Marredpally

Secunderabad, A.P

Design, manufacture and supply of bulk loading systems and pollution control equipments related to cement, steel, fertilizer, power, ports and chemical industries

Hyderabad

Transfer of 5000 shares from resident to non-resident

0.005