29th July, 2003
Ministry of Finance  


21 FDI PROPOSALS CLEARED


The Union Minister of Finance, Shri Jaswant Singh as approved 21 proposals recommended by the fireign Investment promotion Board (FIPB) in its meetings held on July 17, 2003. The approvals amounts to Rs. 263.78 crore. The major investment proposals pertain to cargo handling, manufacture of consumer electronics, lighting appliances, investment in Telecommunication sector and development of computer software.

The list of proposals cleared is as under:

S.No.

Name & Address of the existing/proposed foreign company

Name & Address of the Indian company, if already incorporated

Activity

Location

Particulars of the proposal

Amount of FDI/NRI/OCB Investment

(Rs. In crore)

1

M/s. East West International BV

18, Heilighweg, 1601

PN ENKHUIZEN

The Netherlands

M/s. east West Seed International Limited

50/1, Moo 2, Sainoio-Bang

Bua Thang Road, T.Sainoi,

A-Sainoi, Nonthaburi-11150, Thailand

 

 

East West Seeds India Pvt Ltd

5B, Tapadia Estate

Tisgaon, waluj

Aurangabad

(India)

To develop and deal in all types of seeds

Aurangabad, Maharashtra

Transfer of initial subscribers shares to foreign investor

0.20

2

M/s. Kokanee Investments Private Ltd

5, Duke of Edinburgh

Avenue, Port Louis

Mauritius

M/s. Kokanee Pharmacy Pvt Ltd

Dome: A6-1,

New Oroville,

Kancha Imarat

Near Pahadi Shareef,

Hyderabad – 500 005

Export of pharmaceutical products and formulations

Not applicable

Fresh induction of foreign equity to the extent to 89%.

0.47

3

M/s. Geodis Asie S.A.

183, Avenue De Clichy – 75017

Paris, France

M/s. Geodis Overseas Pvt Ltd

A-133, Road 4,

Street 5

Mahipalpur Extn.

New Delhi-37

Cargo handling incidental to land transport, water transport and air transport

Chennai, Tamil Nadu

Enhancement of foreign equity from 94% to 96.5%

5.00

4

M/s. Robert & Schaefer (Mauritius) Pvt Ltd

120, South Riverside Plaza, Chicago, Illinois

M/s. R&S engineering India Pvt. Ltd

To execute projects for coal/and other minerals processing and handling, infrastructural development projects and other related projects including providing consultancy services

Not indicated

Extension of validity of the FC approval

No fresh

Inflow is

Involved

5

Mr. R. Ramanathevan

Etterstadsletta 47

0660 OSLO

Norway

K. Neela Megam

No. 5, 3rd Street

Alag-Ammal Nagar,

Nerkundram

Chennai

Export of food grains, pulses, spices, pappads

Textiles and all agricultural products

Chennai

To set up a company with 80% foreign equity participation for activities of wholesale trading

0.80

6

M/s. Burgess Manning Inc. USA

M/s. Burgess-Manning (India) Private Limited

F9, Block B1

Mohan Coop. Indl. Estate

Mathura Road

New Delhi-44

 

Trading in industrial equipments such as gas conditioning equipments etc.

Not mentioned

Extension in the period of royalty

No fresh

Inflow is

involved

7

M/s. Samsung Electronics Co. Ltd

416-Meatan-dong, Paldal

Gu Suwon city, Kyunki-do

Republic of Korea

M/s. Samsung India Electronics Limited

B-1, Sector-81,

Phase-II

NOIDA-201 305 (UP)

Engaged in IT hardware and telecommunica-tion equipment

Noida, UP

Delhi

The transfer of FC approval in the name of SIEL with effect from the appointed dated of the merger and issue of shares to the erstwhile shareholders of SEIIL be taken on record.

No fresh

Inflow is

involved

8

M/s. Koninklijke Philips Electronics NV

P.O. Box 216.5600 MD

Eindhoven

The Netherlands

M/s. Philips India Limited

7, Jistuce Chandra Madhab Road

Kolkata – 20

 

Punjab

To acquire the balance 6.7% outstanding shares by the foreign investor.

43.50

9

Ms. Margot Amrit Vasudeva & Ms. Angelina Pallavi Vasudeva

D/o. Mr,. Nikhil Vasudeva

5, Due Valentine Hauy

Pairs 75015, France

M/s. Hawkins Cookers Ltd

Maker Tower F101

Cuffe Parade

P.O. Box 16083,

Mumbai

Manufacture of cookers

Mumbai

Transfer of shares by way of gift to the foreign investor

No fresh

Inflow is

Involved

10

M/s. Apollo Fire Detectors Limited

36 Brookside Road

Havant, Kampshire

PO9 1JR, England

100% WOS

Import and sale of fire detection products

Not indicated

To set up wholly owned subsidiary

0.05

11

M/s. Diagnosys Ltd

System House

Petersfield

Business Park

UK

M/s. Diagnosys Electronics (I) Pvt Ltd

202, Prestige Centre

Point, No. 6

Edward Road

Bangalore

Technical support for electronic test and inspection system

Bangalore

Transfer of shares from resident to non resident

0.05

12

M/s. Bossard AG, Switzerland

M/s. LPS Bossard Pvt Ltd

Opp. Northern By-Pass

Hissar Road

Rohtak - 124001

Wholesale trade in Cash and Carry system in miscellaneous goods

Not indicated

To undertake additional activities

No fresh

Inflow is

Involved

13

M/s. Lucent Technologies International Inc, USA(Financial)

M/s. Lucent Technologies (Tech.)

M/s. Tata Lucent Technologies Limited

Shubharam Complex

144, M.G. Road

Bangalore-1

Stock and sale of imported goods on a cash & carry wholesale/bulk basis to wholesalers/

Distributors/

Industrial/

Institutional consumers

Not indicated

To undertake additional activities

No fresh

Inflow is

involved

14

M/s. Thabit and Badr Al Refae (T&B) Co. Ltd

Saudi Arabia

M/s. T&B Systems Pvt. Ltd

98, TASS Industrial Estate, SIDCO

Ambattur, Chennai-98

Manufacture of automatic teller machine and spare

Dev. of computer software and rendering software related services

Chennai

Transfer of shares from resident to non- resident

Negligible

15

M/s. Trace Group Plc.

224-232, St. John Street

London EC1V 4QR

UK

Trace Software Private Limited

N-17, Pal Building

Green Park Extn.

New Delhi-16

Software and hardware related activities viz., consultancy, trading etc.

Delhi

Transfer of shares from resident to non resident

0.01

16

M/s. Juniper Inc

1194, N. Mathilda Avenue,

Sunnyvale,

California 94089, USA

M/s. Juniper Networks India Private Limited

23rd Floor, Express Towers

Nariman Point

Mumbai-400 021

To provide internet network, infrastructure solutions including consulting, design, project management, support and training services and other presale and after sale support services, research and development of internet software for IP network routing, operations and control

Mumbai

Transfer of initial subscribers shares to the foreign investor

Negligible

17

M/s. Allianz (UK) Limited

57, Ladymead, Guildford

Surrey, GU 1 1DB, UK

Mr. George Richard Stratford, Woodsmoke

Silkmore Lane, West Horsley, surrey KT 54

6JQ, UK

M/s. Allianz Cornhill Information Services Private Limited

Door No 3F,

Chandragiri, Technopark Campus

Kariavattom P.O.

Trivandrum – 695 581

Providing Information Technology Services

Trivandrum

Transfer of initial subscribers shares from resident to non - resident

0.01

18

M/s. Staffware Plc

3, The switchback, Gardner Road

Berkshire,

United Kingdom SL6 7RG

100% WOS

Buy and sell Staffware Group’s software products in India through sub-licensing

Maharashtra

To set up a wholly owned subsidiary

0.21

19

M/s. Magma Design Automation Inc

2 Results Way

Cupertino, CA 95014

USA

M/s. Magma Design Automation India Pvt Ltd

3796, Ground Floor

7th Main Road

HAL 2nd Stage,

Bangalore

Development of software and related services

Bangalore

Transfer of initial subscribers shares from resident to non – resident

0.01

20

M/s. Hughes Electronics Corporation(HEC), USA

M/s. Ritambara Agents Private Limited

"Park Plaza"

1st Floor, 71 Park Street

Calcutta – 700 016

M/s. Tata Teleservices Ltd

M/s. Goldman Agent Private Limited

Investments in infrastructure sectors ( Tele-

Communica-tion sector)

Calcutta

Transfer of redeemable Preference shares from resident to non resident and transfer of resident shares to non resident

213.46

21

M/s. TTI Team Telecom International Ltd

7 Martin Gehl St

Kiryat-Arie Petach

Tikva 49512, Israel

M/s. TTI Team Telecom Software Pvt. Ltd

201, Tej Mahan Apartments,
J.B. Nagar

Andheri(East),

Mumbai

Developing software used in the Telecom Industry

Mumbai

Transfer of shares from resident to non- resident

0.01