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41 FDI proposals approved

New Delhi: August 9, 2004

Finance Minister, Shri P. Chidambaram has approved 41 Foreign Direct Investment Proposals recommended by the Foreign Investment Promotion Board (FIPB) in its meeting held on July 30, 2004. The approvals amount to around Rs. 264.96 crore. The major investment proposals pertain to the sectors of chemicals & petrochemicals, bulk imports with ex-port/ex-bonded warehouses sales, health, consultancy, tourism and software development.

The details of the 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)

1.

M/s. Rhein Biotech GmbH, Germany

M/s. Transgene Vaccines Ltd.(M/s. Serum Institute of India Limited)'Sarosh Bhavan'

16-B/1, Dr. Ambedkar Road, Pune -1

Manufacture of Hepatitis B Vaccine

Andhra Pradesh

Amendment in the technical agreement

No inflow

2.

M/s. Liqui-box Corporation, USA

M/s. Liqui Box India Private LimitedDLF Plaza Tower,8th Floor, DLF qutab Enclave, Phase-I

Gurgaon – 122 002

Cash & carry wholesale trading of blow moulded containers, packaging films, filling equipment and dispensing systems

Baroda, Gujarat

Amendment in the activities clause

No inflow

3.

M/s. Bayer AGD-51368 Leverkusen

Germany

M/s. Lanxess India Pvt. Ltd.(M/s. Bayer Industries Private Limited)Kolshet RoadThane – 400 607

Maharashtra

Manufacture and market chemicals and health care products etc.

Thane, Maharashtra

Transfer of shares from resident to non- resident

0.10

4.

M/s. Schenectady International Inc (SII) through SIHL, USA

M/s. Schenectady (India) Holdings Pvt. Ltd. (SIHL)13th Floor, Air India Building,Nariman Point,

Mumbai-21

Manufacturing of basic chemicals & industrial solvents

Pune, Maharashtra

Conversion of loan into equity

No inflow

5.

M/s. E.W. Ltd, Mauritius

M/s. Gulbrandsen Chemicals Pvt. Ltd.On Coastal HighwayP.O. Mujpur – 391 440Padra, Distt. Vadodara,

Gujarat

Manufacture of Anhdrous aluminium chloride, Tributyl aluminium, Tetra Butyl tin chloride etc.

Vadodara, Gujarat.

Amendment in the activities clause

No inflow.

6.

M/s. Chiron Vaccines Holdings S.R.L. USA

M/s. Chiron Panacea Vaccines Pvt. Ltd.

Synergizing the existing marketing, distribution and sales operations of Chiron and Panacea, enhance the marketing of the products out side India etc.

Yet to be incorporated

To set up a JV company for trading activities

2.25

7.

M/s. Koninklijke Philips Electronics N.VP.O. Box 218,5600 MD, Eindhoven,

The Netherlands

M/s. Philips India Ltd.7, Justice Chandra Madhab Road,

Kolkata-700 020

Manufacture and supply of high-grade customer specific parts and high technology industrial plastic products etc.

 

Mumbai

Transfer of shares from resident to non- resident and additional fresh issue of shares to non- resident

17.00

8.

Chanel International BVBoerhaavelaan22 27 13 HX Zoetermeer

Netherlands

100% WOS

Bulk imports with ex-port/ex-boned warehouses sales etc.

Not indicated

To set up a wholly owned subsidiary for trading activities

22.50

9.

M/s. Dohler GmbH, Germany

Dohler India Private LimitedPlot No. 3, Survey No. 285, Raisoni Industrial Park,Village Mann,Taluka Mulshi,

Distt. Pune, Maharashtra

Manufacture of fruit juice concentrates flavour for food & beverages, edible colors, essential oils and flavour emulsions

Tamil Nadu

Transfer of shares from NRI to foreign investor

No inflow

10.

M/s. Nutricia International BV. Netherlands

M/s. Anik Industries Private Limited(formerly Nutricia (India) Private Limited)610, Tulsiani Chambers,Nariman Point

Mumbai-21

Manufacture, marketing and distribution of Nutircia's food products

Not indicated

Transfer of shares from resident to non- resident

Negligible

11.

Mr. Shabbir Sherali Kassam, UKMs. Fatima Shabbir Kassam, UKMr. Azizali Akberali Bhaidani, Uganda

Ms. Semina Azizali Bhaidani, Uganda

M/s. Astra Lifecare (India) Pvt. Ltd.904, Sakar – VB/h, Natraj TheatreAshram Road

Ahmedabad-380 009

Manufacture of pharmaceutical products

Ahmedabad

To set up a Unit for manufacture of pharmaceutical products 

 

6.35

12.

M/s. Denso Corporation1,1-chomeShowa-cho,Kariya-shiAichi-ken,

448-8661, Japan

M/s. Denso India Ltd3rd Floor,Left Wing,The Capital CourtOlof Palme Marg,

Munirka, New Delhi

Manufacturing products such as washer, printed motors, alternators, starters, wiper motors, AC generators, flywheel magnetos, CDI systems of two/three wheelers, ignition systems for three wheelers, fan motor assembly for ventilation/engine cooling and IC regulators

Noida-Dabri Road, UP

Amendment in the technology agreement

No inflow

13.

M/s. Alder SPAVia DI Victoria 20/2238068 Roverto

Italy

M/s. Endurance Transmission Systems (India) Pvt. Ltd./High Technology Transmission Systems (India) Pvt. Ltd.K-228, MIDC Area

Waluj, Aurangabad-431 136

Manufacture of clutch Assemblies friction plates and continuous variable transmission systems

Aurangabad, Maharashtra

Transfer of shares from resident to non- resident

3.53

14.

Vossloh Cogifer SA54, avenue Victor HugoBP 56606

France

M/s. JS Industries Ltd3-6-307/1, Hyderguda

Hyderabad, A.P.

Manufacture of Turnouts for railways

Secunderabad, Andhra Pradhes

Transfer of shares from resident to non- resident

2.00

15.

M/s. Sarin Technologies Ltd, Israel

M/s. Sarin Technologies India Pvt. Ltd.Sanox CentreMani Mahal,11/21, Mathew RoadOpera House,

Mumbai

Trading operations in the computer systems and accessories for sale to customers

Mumbai

Permission for undertaking trading as additional activities

No inflow

16.

M/s. Caterpiller Inc.100, N.E. Adams Street,Illionis, 61629

USA

M/s. Caterpiller Commercial Private Limited6-B, G.S.T. RoadSt. Thomas Mount

Chennai-16

Maintaining, overhauling, repairing and selling power equipment involving caterpillar power products and solar power products etc.

Mathagondapalli,Hosur Taluk,

Tamil Nadu

Amendment in the activities clause

No inflow

17.

M/s. Pernod Ricard Group142 Boulevard Haussmann – 75008

Paris, France

M/s. United Agencies LtdTower A,5th Floor, Global Business ParkMehrauli-Gurgaon Rd.

Gurgaon -122 002

Fruit processing/ fruit manufacturing activities

Not indicated

Deletion of clause 5(e) of the FC approval

No inflow

18.

M/s. Sandvik Smith ABBox 907731 29 Koping

Sweden

Sandvik Asia LtdMumbai Puen Road

Dapodi, Pune - 12

Design, mfr. And distribute cutting and drilling products for the mining and construction industries etc.

Patanchervu, Medak distt.

Andhra Pradesh

Acquisition of shares of an Indian company

13.50

19.

M/s. Translantic Corporation Limited4th Floor,IBL House,Caudan, Port Louis.

Mauritius

M/s. Americorp Capital Private Ltd1005, Maker Chambers V, Nariman Point

Mumbai-21

Business of consultancy

Mumbai

Fresh issue of shares to the foreign investor and conversion of ECB into equity

13.67

20.

M/s. Getriebebau NORD GmbH & Co. KGRudolf-Diesel-Str.1D-22941Bargteheide (Hamburg)

Germany

M/s. Getriebebau NORD GmbH & Co. KGC/o. Indo-German Chamber of CommerceMaker TowerIst FloorCuffe parade

Mumbai-5

Assembly gear drives and geared motors for the industries in India

Pune, Maharashtra

To set up wholly owned subsidiary

4.00

21.

M/s. Cromwell Group (Holdings) LtdP.O. Box 14, Chartwell Drive,Wigston, Leicester

LE 18 1AT, UK

M/s. Cromwell Industrial Supplies Private LimitedC7-C9 & C 16-C 18Rajlaxmi commercial ComplexThane Bhivandi RoadTaluka Bhivandi

Distt. Thane, Maharashtra

Export of domestically procured industrial consumable products etc.

Bhivandi Taluk, Thane distt. Maharashtra

Transfer of shares from resident to non- resident and also fresh issue of shares to non-resident

1.01

22.

M/s. ITS Tubular Services (Holdings) LtdGreenbank Crescent,

Aberdeen, UK

M/s. International Tubular Services (India) Pvt. Ltd.C-121, T.T.C. Indl. Area,Pawne, Turbhe,

Navi Mumbai

Manufacture, repair, and upgrade high quality drilling and other equipments used in oil and gas exploration.

Mumbai

Transfer of shares from resident to non- resident

0.01

23.

Daehung Electronics Co. Ltd400-24, Songnae-DongSosa Ku, Buchun CityKyunggi-DoKoreaTeravision Corp.174-4, Tatap-DongBundang-Ku,Seongnam-city

Kyunggi-Do, Korea

M/s. Videocon International Ltd14 KM stone Aurangabad,AD-Paithan RoadVill. Chitegaon'

Aurangabad – 431 105

Manufacture of film capacitors, metalised

capacitors and tact switches

Aurangabad

To set up joint venture company

1.72

24.

M/s. JD Edwards & CoOne Technology Way Denver

Colorado, USA

M/s. JD Edwards Software India (P) LtdDBS Business CentreRaheja Ghambers, 213, Nariman Point,

Mumbai-21

Import of software and customization service to customers including software installation, development, maintenance, support etc.

Mumbai

Transfer of shares from resident to non- resident

Negligible

25.

M/s. HCL Deluxe NV, Netherlands(now known as iDLX Holdings BVOfficia 1, De Boelelaan1083 Hj Amsterdam PO Box 71744, 1008 DE Amsterdam

The Netherlands

M/s. e-Funds International India Private LimitedF-40, N.D.S.E.- I

New Delhi-49

Offer IT services like electronic fund transfer etc.

Noida, UP

Transfer of shares from resident to non- resident

Negligible

26.

M/s. Toshiba Corporation,1,1, Shibaura 1 chomeMinato-Ku, Tokyo 105 – 8001

Japan

M/s. Toshiba India Private Limited6th Floor, Dr. Gopal Das Bhavan,28, Barakhamba Road

New Delhi-1

Wholesale trading on cash & carry basis for bulk exports and domestic sales

New Delhi

Amendment in the activities clause

No inflow

27.

M/s. Flextronics Sales & Marketing (L-A) Ltd.Suite 802, St. James Court,St. Denis Street,Port Louis,

Mauritius

M/s. Hughes Software Systems LtdB-25, 2nd FloorNirlac CentreQutab Institutional Area

New Delhi

Floppy disc or cartridge tape drive containing software

Gurgaon

Transfer of shares from non- resident to non- resident and purchase of shares through the open market or through negotiated purchase from the resident and/or NRI shareholders.

3.39

28.

M/s. Sphinxweke Muller, AG, Switzerland

Dr. J. Klaeusler, Switzerland

M/s. Ind. Sphinx Precision LtdPlot No. 28, sector – 5

Parwanoo, Solan, Himachal Pradesh

Manufacture of printed circuit board drills and routers

Kasauli,Distt. Solan,

Himachal Pradesh

Transfer of shares from resident to non- resident

0.127

29.

M/s. Kemoil Ltd. Hong KongMr. Steve Vicinanza, USA &Mr. Eugene B. Ceccotti, San Rafael, CA

ZIP 94901

M/s. California Software Co. Ltd.T.S. 140, Block 2 & 9Second FloorElnet Software cityCPT Road

Taramani, Chennai

Computer software development and consultancy services

Tamil Nadu

Transfer of shares from NRI to foreign investor

No inflow

30.

M/s. Mysorex Consulting Inc.335, East Middle Field RoadMountain View

CA – 94043, USA

M/s. Reliable Web Solutions Private Ltd11-4-641/A,A.C. Guards,

Hyderabad – 4

Software development and computer allied services

Hyderabad

Acquisition of shares of Indian company by way of share swap

No inflow

31

M/s. Thinksmart Investments Pte Ltd3, Phillip Street,

#18-00, Commerce Point Singapore 048693

M/s. Transdyne IT Services Pvt. Ltd.Sri Durga TulasiNear Sri Saibaba Temple,Dwarakapuri Colony

Punjagutta, Hyderabad

IT enabled services

Hyderabad

Transfer of shares from resident to non- resident

0.01

32.

M/s. Monster Worldwide Inc.622, Third Avenue,39th Floor,New York, NY 10017,USAM/s. ChrysCapital ILLC, Mauritius

Mr. Gagan Hasteer, Ritesh Ajuja, Badrinathan and Hitesh Kumar Mehta (NRis)

M/s. Monster .com (India) Private Limited8-2-316/A/6Road No. 14Banjara Hills,

Hyderabad

Software development and data processing projects, consulting and contracting services and solutions and on-line recruitment services

New Delhi

Acquisition of shares of Indian

14.04

33.

M/s. Jabil (Mauritius) Holding Ltd, Mauritius

M/s. Jabil Circuit Ltd, Scotland

M/s. Jabil Circuit Technology India Private LimitedPlot No. 80,MIDC, Bhosari Industrial Estate,

Pimpri, Pune -26

Software development

Pune.

Transfer of shares from resident to non- resident

0.01

34.

M/s. Textron Inc. USA

M/s. Textron Global Technology Center Pvt. Ltd.

Bangalore

Domestic sourcing of goods for export etc.

Bangalore

For undertaking trading as additional activity and also additional foreign investment

9.00

35.

Lavesh Lakhi Samtani,16655, Calle HaleighPacific Palisades

California, USA

M/s. Jindal Aluminium Ltd.Jindal Nagar,Tumkur Road

Bangalore – 560 073

Aluminium Extrusions,

Generation of energy/electricity through windmill

Bangalore

Transfer of shares from resident to NRI

0.02

36.

M/s. EENTEC ENVIRONMENTAL UMWELTECHNIKGmbH,A-6972, Fussach,Schilweb 1,

Australia

M/s. G.K. Bioenergy Private LimitedSecond Floor,824, Poonamalee High Road,Kilpauk, Chennai-10 

 

Business of conversion of waste to energy

Namakkala, Tamil nadu

Post –facto approval for transfer of shares from resident to non- resident

1.76

37.

M/s. Geodis International S.A.Cap West – 7/9Allees de l' Europe 92615Clichy Cedex

Paris, France

M/s. Geodis Overseas Pvt. LtdA-133, Road 4,Street- 5Mahipalpur Extn.

New Delhi-37

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

Chennai, Tamil Nadu

Transfer of shares from resident to non- resident

Negligible

38.

M/s. Werner Mathis AGRvetisbergstrasse,Cberhasli

Zurich, Switzerland

Mr. Anil K. Chawathe & Mrs. Sadhana A. Chawathe101, Blgs 21Devdaya nagar,Pokhran Road – 1Near Shastri Nagar,

Thane

After sale service including supply of spare parts for the machinery etc.

Not indicated

To set up a subsidiary

0.06

39.

M/s. AAPC (Thailand) Ltd, Tahiland

New JV (yet to be incorporated)

Identifying sourcing and acquiring property rights in hotel sites in India, Nepal, Sri Lanka and Bangladesh and other tourism related activities

Not indicated

To set up a joint venture company

134.40

40.

M/s. AAPC (Thailand) Ltd,
23/F, Wall Street, Tower33/117, 120 SurawongseRoad, suriyawongse,

Bangkok

New JV

Operating and managing hotels in India, Nepal, Sri Lanka and Bangladesh under various Accor brands

Not indicated

To set up a joint venture company

14.40

41.

Mr. Divyesh R. Shah1205, 51st Street,

North Bergen, New Jersey, USA

M/s. Rickshaw Delivery

C-506, Yojana Vihar, Delhi-92

Export of handicrafts, import of rough material of semi-precious stone, import of accessories for imitations jewelry related items

Delhi

To set up a partnership firm

0.10

 



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