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Union Finance Minister, Shri P. Chidambaram has approved 48 Foreign Direct Investment proposals recommended by the Foreign Investment Promotion Board (FIPB) in its meeting held on September 23, 2004. The approvals amount to around Rs. 305.90 crore. These proposals relate to Ministries/Departments; namely, Agriculture & Cooperation, Chemicals & Petro-chemicals, Commerce, Health, Heavy Industry, Industrial Policy & Promotion, Information Technology, Petroleum & Natural Gas, Posts, Road Transport & Highways, Shipping, Telecommunications, Urban Employment & Poverty alleviation and Economic Affairs. The major investment proposals pertain to the sectors like Chemicals & petro-chemicals, Import & wholesale trading, Health, Industry, Information Technology, Telecommunications, Integrated Township.
The details of proposals cleared are as follows:
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)
AGRICULTURE & COOPERATION
1
M/s. Known You Seed Co. Ltd. Taiwan
M/s. Known-You Seed (India) Pvt. Ltd.
105, Nyati Millennium,
S.No. 209, Lohegaon
Viman Nagar,
Pune – 411 014
To trade, import, export and/or otherwise deal in various kinds of vegetable seeds, fruit seeds, flower seeds, oil seeds etc.
Pune, Maharashtra
Amendment in the activities clause
No inflow
CHEMICALS & PETROCHEMICALS
2
M/s. Colorama Pharmaceuticals Limited
Colorama House
23, Wadsworth Road
Greenford,
Middlesex UB6 7JS, UK
M/s. Alferez Pvt. Ltd
25/3, suvernpuri society,
Chikoowadi, Vadodra - 7
Drugs and pharmaceuticals
Vadodara, Gujarat
Conversion of loan into equity
5.02
3
M/s. Elof Hansson AB
SE-413 80 Goteborg
Sweden
M/s. Elof Hansson (India) Pvt. Ltd.
5-F, Court Chambers,
35, New Manne Lanes
Mumbai-20
Manufacture or organic surface agents
Mumbai
Enhancement of foreign equity from 40% to 100% by way of buy back
0.006
COMMERCE
4
M/s. M.I. Holdings (BVI) Ltd
Craigmuir Chambers
P.O. Box 71, Road Town
British Virgin Islands
M/s. M.I. Enterprises India Pvt. Ltd.
D-11, Greater Kailash Enclave-I,
New Delhi-48
Manufacture of separators
New Delhi
Transfer of shares from resident to non- resident
0.01
5
M/s. Delta and Pine Land Company
P.O. 157, One Cotton Row
Scott, MS 38772, USA
100% WOS
Research & development, testing, production, marketing and sale of agricultural seeds and other products and services related thereto
New Delhi
To set up wholly owned subsidiary
0.46
6
M/s. Schwabe International
GmbH, Germany
M/s. Wilmar Schwabe India Pvt. Ltd.
A 36, Sector 60,
Phase III,
Noida -304 (UP)
Manufacture and distribution of Homeopathic and Herbal medicines
Noida, UP
Amendment in the activities clause
No inflow
7
M/s. CTM Altromercato
Via Macello 18
I-39100, Bolzano
Italy
M/s. Sasha Association for Craft Producers
IC, Chatu Babu Lane,
Kolkata – 700 014
Setting up of import, export & wholesale trading company
Kolkata
To set up JV for undertaking trading activities
1.00
8
M/s. Huber + Suhner, AG,
CH-9100 Herisau,
Switzerland
100% WOS
Manufacture/ contract manufacture, cash and carry wholesale trading, institutional sales, bulk imports with ex-port/ex-bonded warehouse sales etc.
Not indicated
To set up wholly owned subsidiary
0.25
9
M/s. ECCO Singapore Private Limited
207A, Thomson Road,
Goldhill Shopping Centre
Singapore
M/s. ECCO Asia Limited
12/F, Asia Orient Tower,
Town Place
33, Lockhart Road, Wanchai
Hong Kong
100% WOS
Imports and wholesale trade of ECCO products i.e., shoes, sportswear, apparels and accessories, finished leather and shoe care products and marketing, promotion and related support activities for the above
Not indicated
To set up a wholly owned subsidiary
0.10
10
M/s. Miyazu Seisakusho Co. Ltd
3-24-1, Sengoku, Oizumi, Gunma, Japan
M/s. Sojitz Corporation
3-4, Daiba 2, Chome,
Minato-ku, Tokyo, Japan
M/s. Miyazu Motherson Engineering Design Ltd.
Design of stamping dies, CAD/CAM Services for making NC data to cut stamping dies and Import & wholesale trading of Miyazu’s products etc.
New Delhi
To set up a joint venture company
6.47
11
M/s. Corporate Executive Board Company (UK) Ltd
Victoria House,
37-63, Southampton Row
London WC1B4DR, UK
Corporate Executive Board India Private Limited
204, Tower B
Global Business Park
Gurgaon, Haryana
Providing information and services in relation to best practices research, executive education, decision support tool, innovative strategies and case studies for addressing the new business challenges
Gurgaon, Haryana
Transfer of shares from resident to non- resident
0.01
12
Ms. Ute Wilkinson and Mr. Gerhard Weber,
Majority shareholders of
Dr. Fritsch Sondermaschinen GmbH, D-70736, Fellbach
Germany
Dr. Fritsch Machines & Powders P. Ltd
403, Shah Sultan
Cunningham Road
Bangalore – 560 052
Manufacture of specialized equipment and facilities used in the diamond cutting tools industry
Bangalore
Foreign equity participation to the extent of 100%
0.57
13
M/s. Rosy Blue Jewellery Inc.
529, 5th Avenue,
12th Floor, New York – 100 17
USA
B. Arun Kumar & Co
1616, Prasad Chambers,
Opera House
Mumbai- 400 004
M/s. R.B. Jewellery Private Limited
C-212, Floral Deck Plaza
Premises Co-op Soc. Ltd,
Opp. SEEPZ, Andheri(East), Mumbai
Manufacturing of gold studded jewellery
Mumbai
Transfer of shares from resident to non- resident
0.01
14
Mr. Chandru Tilumal Chablani
P.O. Box- 32851
Dubai, UAE
M/s. Insuflex Ind. Pvt. Ltd
414, Sohrab Hall,
"D" Wing
Sasoon Road, Pune
Wholesale trading by offering new advanced products like rubber nitrile insulation, flexible ducts, pre-insulated ducts, air conditioning accessories, braxing rods, fibriglass insulation products. Also providing after sale service and servicing and maintenance of existing insulation and HVAC (Heat Ventilation and Air Conditioning)
Pune,
Issue of shares to PIO against investment from NRO account
No inflow
HEALTH
15
M/s. Gedeon Richter Ltd
H-1103, Vudapest
Gyomroi ut 19-21, Hungary
Hungary
M/s. Themis Medicare Limited
11/12, Udyog Nagar,
S.V. Road,
Goregaon (W), Mumbai-104
Manufacture of active Pharmaceutical Ingredients and Intermediates for exports
Valsad, Gujarat
To set up joint venture company with 51% foreign equity participation
7.14
16
M/s. Eisai Co. Ltd
4-6-10, Koishikawa
Bunkyo – ku
Tokyo 112- 8088, Japan
100% WOS
Manufacture, marketing and distribution of drugs, research & development of new drugs, procure and export of bulk drugs etc.
Mumbai
To set up a wholly owned subsidiary
10.26
HEAVY INDUSTRY
17
M/s. Honda Motor Co. Ltd
1-1, Minamiaoyama,
2-chome, Minato-ku
Tokyo 107-8556, Japan
M/s. Honda Motorcycle and scooter India Pvt. Ltd
Plot No. 1, Sector3,
Industrial Model Township, Manesar
Distt. Gurgaon,
Haryana – 122 050
Manufacture of two wheelers having 50 to 250 CC capacity and other component parts. Manufacture of spare parts, components, and accessories, after sale service, Import of new 2-wheeler from Honda Group. Import of spare part & components required for providing after sales services
Gurgaon, Haryana
Amendment in the terms of lumpsum payment
No inflow.
18
M/s. Keihin Corporation
H.K – Shinjuku Building
4-3-17, Shinjuku Shinjuku-ku
Tokyo – 160-0022, Japan
M/s. Keihin Fie Pvt. Ltd
B-3, MIDC, Chakan,
Village-Mahalunge
Chakan-Talegaon Road
Tal. Khed, Distt. Pune
Manufacture of carburetors and other automobile components and parts
Pune, Maharashtra
Amendment in the terms of technology agreement
No inflow
INDUSTRIAL POLICY & PROMOTION
19
M/s. Saint-Gobain Glass Deutschland Gmbh, Germany
M/s. Saint-Gobain Glass India Ltd
Plot No A-1, SIPCOT Indl. Parl
Sriperumbudur – 602105
Kanchipuram Distt.
Tamil nadu
Manufacture of automotive glass-laminated, toughened and tempered glass including wind shield, sidelite and backlite
IrunkattukottaiTamil nadu
Amendment in the activities clause
No inflow
20
M/s. Braunschweiger Flammenfilter GmbH, Germany
M/s. Protego Equipment Pvt. Ltd.
506, Vertex Vikos "A’
Andheri(East)
Mumbai
Manufacture of carburetors and other automobile components and parts
Thane, Maharashtra
Transfer of shares from resident to non -resident
0.12
21
M/s. Dover (Switzerland) Holding Ltd
M/s. Dover India Pvt. Ltd.
1015/4, Shivajinagar
1 Shreya Apartment
Pune – 411 016
Re-engineering
Repairing, re- build, re-manufacture, re- engineer software upgrades, etc.
Shirur, Pune, Maharashtra
Amendment in the activities clause
No inflow
22
M/s. Honeywell International Inc. USA and its affiliates
101, Columbia Road
Morristown, New Jersey
USA
100% WOS
To manufacture
Market, engineer, source, export and distribute industrial and automotive turbochargers and exhaust gas coolers in India and provide design engineering quality and sourcing services.
Not indicated
To set up a wholly owned subsidiary
46.26
23
M/s. Total Sports Asia Ltd
Level 20-1,
CP Tower,
11, Jalan 16/11, 46350,
Petaline Java
Selanoor, Malaysia
M/s. Total Sports & Entertainment India Private Limited
94-A, Maker Chamber III
Nariman Point,
Mumbai-21
Distribution and marketing, including consultancy, of all types of sports, media and entertainment television rights sales marketing through all media platform etc.
Mumbai
Transfer of shares from resident to non- resident
0.01
24
M/s. Asie Etudes
50 rue Castagnary
Paris, France
M/s. Stup Consultants (P) Ltd
Post Bag No. 9994, 1004
& 5, Raheja Chambers
213, Nariman Point,
Mumbai-21
Engineering/ Civil & architecture, Design, Supervision & project management services consultancy
Mumbai
Transfer of shares from resident to non- resident
0.14
25
M/s. Scojo Foundation
180 Varick Street,
Suite 1430, New York,
NY 10014, USA
100% WOS
Import and distribution of reading glasses
Not indicated
To set up a wholly owned subsidiary
0.01
26
Mr. Gopal Menon & Manjula Menon, Mr. Arjun Krishnamachar, Mr. Sunit Roy, Ms. Reema Sen (All residents of USA) and
Mr. Rajeev Misra (A resident of UK)
Mr. Subba Rao Dukkipati
Managing Partner
M/s. Uttara Infrastructure Services
143 A, Road No. 10,
Jubilee Hills, Hyderabad,
Andhra Pradesh
Development of infrastructure project
Hyderabad
To set up a holding company
3.26
INFORMATION TECHNOLOGY
27
M/s. WMGS Singapore Pte. Ltd
250, North Bridge Road
#11-01, Raffles City Tower
Singapore 179101
100% WOS
Product sourcing services, quality control or products, and carrying out factory inspections and certifications.
Not indicated
To set up a wholly owned subsidiary
2.08
28
M/s. Fujitec Singapore Corporation Ltd,
204, Bedok south Ave 1
Singapore – 469333
M/s. Fujitec Co. Limited
28-10, shoh 1-chome,
Ibaraki, Osaka,
567-8510, Japan
M/s. FSP Elevators Private Limited
12A, Suleman Chambers
4, Battery Street,
Apollo Bunder
Mumbai-39
Import and sale of passenger lifts, freight lifts, elevators, escalators, travellators, autowalks, dumbwaiters, moving walks, vertical parking systems and associated equipments etc
Import and sale of preventive maintenance program/ systems related to the above product range
Mumbai
Foreign equity participation to the extent of 100% by way of acquisition of shares from resident shareholders
0.03
29
M/s. Research in Motion Ltd
295 Philip Street,
Waterloo, Ontario
NZL 3W8, Canada
M/s. Research in Motion India Private Limited
1568, Church Road
Kashmere Gate, N.Delhi
Promotion of sales/ marketing of parent company’s products except retail trading
New Delhi
Transfer of shares from resident to non- resident
0.01
30
Surya Prakash Sarda &
Mrs. Ruby Sarda
13657 Shoal Summit Dr.
San Diego, CA 92128, USA
M/s. CADopia (India) Private Limited
J-5, Block EP & GP,
Sector V,
Salt Lake,
Kolkata -700 091
Software Development
Kolkata
Transfer of shares from resident to non- resident
0.01
31
Mr. Ramesh Sheth, Director
S.I. Tech Inc.
609, Geneva, IL,
USA – 60134
S.I. Tech (India) Pvt. Ltd.
102, Matruchaya Building
Park Cross Road,
Mahatma Phule Cross Road, Vileparle (E)
Mumbai – 400 057
Manufacturers, suppliers, traders, designer & developers of fibre optics and its interface products and systems, computer hardware, software, its peripherals and spares, all sorts of electronic communication and other devices
Mumbai
Transfer of shares from resident to NRI and fresh issue of shares to NRI
0.019
32
M/s. Exevo Incorporation
65, Broadway, 7th floor
New York, NY 10006
State of Delaware, USA
M/s. Exevo India Limited
Company
17, Community Centre
New Friends Colony
New Delhi-65
BPO business and software development and services
New Delhi
Transfer of shares from resident to non- resident
0.05
33
M/s. Flextronics International Limited
1, Marina Boulevard
#28-00
Singapore 018989
M/s. Future Software Ltd.
480, Anna Salai
Nandanam, Chennai-35
Information technology, telecom software, software product development and software services development activities, and a provider of communication software services and solutions
Chennai
Foreign equity participation to the extent of 100% by way of transfer of shares from resident/non-resident to non-resident
185.04
PETROLEUM & NATURAL GAS
34
M/s. Hydril Company LP
Premium Connections
P.O. Box 60458
Houston Texas 77205-0458
USA
M/s. Hydril Jindal International Private Ltd
A-90, Preet Vihar,
Delhi-92
Manufacture of premium threaded connections
Distt. Raigard, Maharashtra
To set up a joint venture company
3.75
POSTS
35
M/s. Malca-Amit Hong Kong Ltd
601, Swire House,
Hong Kong, China
100% WOS
Forwarding and transport, and courier services, import and export both domestic and international in armoured cars/
Vehicles for movement of diamonds, other precious stones, precious stones, previous metals including bullion, jewellery, cash for banking clients/ authorized dealiers and logistic handing of uncut diamond imported into India by third parties and re-export of cut diamonds etc.
Mumbai
To set up a wholly owned subsidiary
0.15
ROAD TRANSPORT & HIGHWAYS
36
M/s. Schoeller Holdings Ltd
Columbia House
Dodekanison Str.
4043, Limassol
P.O. Box 51624, Cy-3507
Limassol, Cyprus
M/s. Bengal Tiber Line (India) Pvt. Ltd.
Indian Chamber Building Annexe, 1st Floor
6, Esplanade, Chennai
Service Shipping and Transport Stock Management
Tamil Nadu
Transfer of shares from resident to non-resident
0.08
SHIPPING
37
M/s. P & O Ports (Kulpi) Limited
Manor House, 1st floor
Cnr St. George/chazal Streets, Port Louis
Mauritius
M/s. Bengal Port Limited
21, Gopal Mukherjee Road
Kolkatta – 700 002
Providing large scale infrastructure development in the form of SEZ and an integrated port at Kulpi
Kolkatta
Foreign equity participation to the extent of 44.5%
0.89
TELECOMMUNICATIONS
38
M/s. India Reach Holdings Ltd. Mauritius , an affiliate of M/s. Pacific Century Cyber Works (PCCW)
P.O. Box No. 9896,
Hong Kong
M/s. Teleweb Network India Pvt. Ltd.11-A, Silk House
J.S. Sheth Road
Metro, Mumbai-1
To act as an ISP, to provide internet connectivity and related activities, to provide IP-VPN services, to provide wholesale services for ISP
Mumbai
Transfer of shares from resident to non-resident
0.01
39
M/s. AT & T Corporation, USA
M/s. AT & T Communication Services India Private Limited
Mohan Dev House
13, Tolstoy Marg
New Delhi-110 001
Wholesale cash & carry trading and making institutional sales in network equipments and network related equipments
Not indicated
Amendment in the activities clause
No inflow
40
ADC Telecommunications Inc.
13625, Technology Drive,
Eden Prairie, Minnesota, USA
Krone Communications Limited
Street No. 10 ( C ) II
Phase Ist Main,
Peenya Industrial Area
Bangalore
Manufacture of telecommunication and networking equipment
Bangalore
Enhancement of foreign equity from 51.28% to 89.9% by way of acquisition
9.25
URBAN DEVELOPMENT & POVERTY ALLEVIATION
41
M/s. Beyond Limit International Limited,
Trident Chambers
PO Box 146,
Road Town, Tortola
British Virgin Islands
M/s. Debalakshmi Abashan Private Limited
Plot No. 735, Block A,
Lake Town, Kolkata – 89
Development of a satellite township
Kolkata
To set up a joint venture company
21.85
ECONOMIC AFFAIRS
42
M/s. UPS Logistics Group Investments Inc.
990, Hammond Drive
Atlanta, Georgia 30328
USA
M/s. UPS Jetair Logistics Pvt. Ltd.
901, ALPHA, Main Street
Hiranandani Business Park,
Hiranandani Garden,
Powai, Mumbai-76
Export and import of airfreight forwarding services including space booking, customs clearance, break bulk, warehousing, packing, delivery and trans shipment.
Mumbai
Enhancement of foreign equity from 60% to 100% by way of acquisition
1.26
43
M/s. FMR Corp.
82 Devonshire Street V11D
Boston, MA 02109-3614,
USA
100% WOS
Holding company for expanding its activities in IT business
Not indicated
To set up wholly owned subsidiary
0.25
44
M/s. SQU Systems Inc.
#236, Angele Drive,
Los Altos, CA 94022, USA
M/s. Vindynamics Software Engineering Pvt. Ltd.
5405, 4th Floor
Eternity Block,
Prestige Monto Carlo
Puttanahalli, Yelahanka
Bangalore -64
Software development and exports
Bangalore
Transfer of shares from resident to non-resident and fresh issue of shares
0.05
45
M/s. Hitachi Data Systems Pte. Ltd.
18 Cross Street # 10-08
China Square Central,
Singapore 048423
M/s. Hitachi Data Systems India Pvt. Ltd
101. 1st floor
Shah sultan Complex,
17, Cunningham Road
Bangalore
Import, sale and distribution of sophisticated equipment
Not indicated
Transfer of shares from resident non- resident
0.01
46
M/s. Sara Lee International Corporation
104 E Springer Road
3411 Silverside Road,
Wilmington Delaware, USA
M/s. Apparel (India) Pvt. Ltd.
Godrej Industries Complex
Gate # 4, Pirojshanagar,
Eastern Express Highway
Vikhroli(E), Mumbai-79
Sourcing of products from local manufacturers and sale/ marketing of the same in the domestic and export market
Not indicated
Transfer of shares from resident non- resident
0.01
47
M/s. Zilog International Limited
Neil Gray, PO Box 1034 GT
Harbour Place, 4th Floor, 103
S Church Street,
Grand Cayman,
Cayman Islands, BWI
M/s. Zilog India Electronics Private Ltd
5th floor, Khanija Bhavan
49, Race Course Road
Bangalore – 560 001
Software development
Bangalore
Transfer of shares from resident to non- resident
Negligible
INFORMATION TECHNOLOGY
48
M/s. Worldspace Asia Pte. Ltd, Singapore
M/s. Worldsapce India Private Limited
4th Floor
Rathnam’s Complex
10/5, Kasturba Gandhi Road,
Bangalore – 560 001
Carrying out software programming activities in the fields of educational, sports and entertainment software programmes
Bangalore
Amendment in the activities clause
No inflow
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