JAITLEY APPROVES 15 PROPOSALS OF FOREIGN TECHNOLOGY COLLABORATION/FRANCHISE
AGREEMENTS
The Commerce &
Industry Minister, Shri Arun Jaitley, has approved 15 proposals
of foreign technology collaboration/franchise agreements based
on the recommendations of the Project Approval Board (PAB) and
9 proposals for grant of Industrial Licence based on the recommendations
of the Licensing Committee (LC).
The PAB in its
meeting held on 20.11.2003 under the Chairmanship of Shri Rajeeva
Ratna Shah, Secretary, Department of Industrial Policy & Promotion,
had recommended these proposals for approval.
The approved
proposals include technical collaboration agreement of M/s Tata
Motors Ltd. with M/s AVL List GmbH, Austria and M/s Delphi Diesel
Systems SAS, France for design and development of Euro IV compliant
engine , with EOBD emission norms, for passenger cars. The engine
developed under this agreement will help Tata Motors improve their
exports, especially in the European Markets in which the Euro-IV
emission norms will come into force from 1st January,
2005. The proposal for technology agreement of M/s Finolex Industries
Ltd. with M/s. Oxy Vinyls, LP, USA and M/s Aker Kvaerner, Netherlands,
for manufacture of Vinyl Chloride Monomer was also approved. The
improved technology uses less energy, reduces emissions and improves
the conversion rates of feed stock. The proposal of M/s Spicer
India Ltd., for extension of their technical agreement with M/s
Dana Corporation, USA which will enable the Company to manufacture,
inter-alia, Driveshafts for super heavy vehicles and maintenance
free Driveshafts was also included in the list of approved cases.
The Licensing
Committee (LC), in its meeting held on 20.11.2003, under the Chairmanship
of Shri Rajeeva Ratna Shah, Secretary, Department of Industrial
Policy & Promotion, had recommended 9 proposals for grant
of Industrial License and amendments in existing ones. The main
sectors/areas of the approvals include textiles, explosives, petroleum
and material handling equipments.
The detailed list
of approved cases is available on the website of the Department
of Industrial Policy & Promotion viz., http://dipp.nic.in.
