Fipb
Fipb
Fipb
11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the July 19, 2013
PRESS RELEASE
Further to para 8 of the Press Release dated July 3, 2013, wherein it was stated that decision of
the 1 (One) proposal will be communicated separately, Government has approved 1 Proposal.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposal considered in the Foreign Investment Promotion Board (FIPB) Meeting held
on 14.06.2013
Following 1 (One) proposal has been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
Nil
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 13th February , 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 8th February, 2008, Finance Minister, Shri P. Chidambaram has approved 25
proposals of Foreign Direct Investment amounting approximately to Rs. 5584.82 crore. The
proposals related to Ministries/Departments, namely, Civil Aviation, Health & Family Welfare,
Industrial Policy & Promotion, Information & Broadcasting, Mines, Posts, Power, Tourism,
Telecommunications and Economic Affairs. The major investment proposals pertain to the
Ministries/Departments of Civil Aviation, Health, Information & Broadcasting, Power, Tourism,
Telecommunications and Economic Affairs
( P.K. Bagga )
OSD (CM & I)
Tele.fax No. 2309 4172
e-mail: [email protected]
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 15th February, 2008
at Fax No.2309 4084/2309 2477/23094172 No further requests will be
entertained later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Sd/( P.K. BAGGA )
OSD(CM & I)
CIVIL AVIATION
1. Indian Aeroventures Function as an operating cum holding company and
Pvt. Ltd. Bangalore make downstream investments in maintenance repair
and overhaul of engines, training etc in the activities
relating to aviation sector
HEALTH
2. M/s. Parkway Group Induction of foreign equity up to 50% in a company
Health Care Pte. Ltd. engaged in setting up a Greenfield multispeciality
hospital. Proposal attracts Press Note 1 (2005 series)
Singapore
INFORMATION & BROADCASTING
3 M/s. Kid Media India To undertake additional activity of starting Cartoon
Pvt. Ltd. Mumbai
channel to be linked from Dubai Media City and down
linked in India
POSTS
4 M/s. PDP Courier
To set up a WOS to act as a specialist courier for
Services Ltd, UK
pharmaceutical, biotechnology and medical industries
FDI/NRI
inflows (Rs. In
crore)
131.20
155.00
78.00
0.02
TOURISM
Induction of foreign equity by way of investing directly 526.00 (Over
5 M/s. AAPC Hotels
Management Pte Ltd. or through its Indian JV companies and be engaged in a period of 5
Construction, developing, owning
and managing years)
Singapore
hotels. Proposal attracts Press Note 1 (2005 series).
Induction of foreign equity by way of acquisition of No fresh
6 M/s. Skygourmet
shares by way of share swap. The company is inflow
Catering Pvt. Ltd.
engaged in airline catering business
Mumbai
7 M/s. MARS
Induction of foreign equity by way of acquisition of No fresh
Restaurants Pvt. Ltd. shares by way of share swap. The company is inflow
Mumbai
engaged in hotel and tourism activities
ECONOMIC AFFAIRS
8 M/s. Bhadra Packaids Conversion of loan into preference shares. Company is No fresh
Pvt. Ltd.
engaged in the manufacture of paper board.
inflow
9
10
11
No fresh
Approval as an operating com holding company
(Induction of foreign equity by subscribing to inflow
convertible warrants to be applied afresh).
Induction of foreign equity in a company engaged in 29.58 (US $
stock broking business. Proposal attracts Pres Note 1 7.50 million)
(2005 series)
Conversion of operating company into operatingcum 120.00
holding company. Induction of foreign equity in a
holding company, which has existing downstream
Mauritius
MINES
16 M/s. Vijay Gimpex
Mining Pvt. Ltd.
POSTS
17 M/s. Aramex India
Pvt. Ltd.
ECONOMIC AFFAIRS
18 M/s. J.M. Financial
Trustee Co. Ltd.
19
20
21
M/s. Universal
Success Enterprises
Ltd, Tortola(B.V. Is)
M/s. Universal
Success Enterprises
Ltd, Tortola(B.V.Is)
M/s. Universal
Success Enterprises
Ltd, Tortola(B.V.Is)
No fresh
inflow
22
M/s. Dumeric
Holdings Private
Limited, Mumbai
TELECOMMUNICATIONS
23 M/s. Bycell
Telecommunications
M/s. Navteq
Corporation, USA
Two proposals viz., M/s. SKIL Infrastructure Ltd. and M/s. Daimler AG., Germany have been
recommended for consideration of CCEA.
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 14th March , 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 7th March, 2008, Finance Minister, Shri P. Chidambaram has approved 18
proposals of Foreign Direct Investment amounting approximately to Rs. 1553.26 crore. The
proposals relate to Ministries/Departments, namely, Chemicals & petro-chemicals, Commerce,
Civil Aviation, Financial Services, Industrial Policy & Promotion, Information Technology,
Information & Broadcasting, Telecommunications and Economic Affairs. The major investment
proposals pertain to the Ministries/Departments of Commerce, Financial Services, Information &
Broadcasting and Economic Affairs
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 17th March, 2008 at
Fax No.2309 4084/2309 2477/23094172 No further requests will be
entertained later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Sd/( P.K. BAGGA )
OSD(CM & I)
FDI/NRI inflows
(Rs. In crore)
M/s. Teikoku Piston To set up a new WOS to manufacture and sale of 40.00
ring Co. Ltd, Japan cylinder liners, piston rings and import/export of
related auto parts, materials, equipments etc.
Proposal attracts Press Note 1 (2005 series)
To set up a new WOS/JV to undertake the activity 3.14
M/s. Alcoa
of design, selling, marketing and
International
Holding company, manufacture/fabrication of aluminium
architectural systems.
USA
5.00
M/s. Sodexho Pass To set up a WOS and get the status of holding
International France company to acquire the existing business
Management of another company
No fresh inflow
M/s. Cavera Systems Transfer of shares by way of share swap. The
company is engaged in IT Sector
(India) Pvt. Ltd.
Hyderabad
560.00
M/s. ESSAR Capital To acquire the status of holding company to
Ltd, Mumbai
make downstream investments in financial/NBFC
sector. Induction of foreign equity by way of
subscription of equity shares and also acquisition
of equity shares by M/s. Essar Global Ltd, Cayman
Islands
M/s. Ortel
Induction of foreign equity by way of subscribing 60.00
Communications Ltd to Compulsory convertible preference shares
convertible on or before June 30, 2010. Company
is engaged in the business of building hybrid Fibre
Coaxial Communications network to provide a
range of telecom value added services
Transfer of shares by way of share swap requires No fresh inflow
M/s. Hero
the
Management
Service Ltd, Gurgaon
33.00
Induction of foreign equity upto 20% in a
M/s. Anagram
company engaged in commodity broking besides
Securities Ltd,
other activities
Mumbai
Induction of foreign equity upto 100% by way of
2.89
M/s. Huntsman
purchase
of
equity
shares
from
the
existing
Investments
shareholders. The company is engaged in the business
Netherlands BV,
of manufacturing dye intermediate and dyestuff, from
Netherlands
certain resident shareholders. Proposal attracts Press
Note 1 (2005 series)
10
M/s. Microsec
Financial Services
Ltd, Kolkata
25.00
11
12
13
14
15
250.00
No fresh inflow
No fresh inflow
125.00
191.00
16
M/s. Redington
India Limited
17
No fresh inflow
18
63.23
Total
1553.26
M/s. Singtel
Australia Holding
Pte. Ltd. Singapore
M/s. NAVTEQ
Corporation, USA
4
5
6
1
2
Two proposals viz., M/s. Rakindo Developers Pvt. Ltd. Chennai and M/s. Agam SPV six Ltd. Cayman
Islands have been recommended for consideration of CCEA.
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 1st May, 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 25th April, 2008, Finance Minister, Shri P. Chidambaram has approved 15
proposals of Foreign Direct Investment amounting approximately to Rs. 308.57 crore. The
proposals relate to Ministries/Departments, namely Chemicals & petro-chemicals, Commerce,
Industrial Policy & Promotion, Information & Broadcasting, Textiles, Steel and Economic Affairs.
The major investment proposals pertain to the Ministries/Departments of
Commerce,
Information & Broadcasting and Economic Affairs.
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 2nd May, 2008 at
Fax No.2309 4084/2309 2477/23094172 No further requests will be
entertained later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Sd/( P.K. BAGGA )
OSD(CM & I)
FDI/NRI
inflows (Rs. In
crore)
0.76
21.20
(US $ 5.3 mill)
0.05
(US $ 13,000)
32.00
(US $ 8 mill)
218.51
(including
premium)
No fresh
inflow
No fresh
inflow
No fresh
inflow
11
12
ECONOMIC AFFAIRS
13 M/s. ISS Facility
Services India Pvt.
Ltd.
COMMERCE
14 M/s. Sumitomo
Heavy Industry Ltd,
Japan
STEEL
15 M/s. Ashwini Steel
Pvt. Ltd.
No fresh
inflow
No fresh
inflow
1.00
1.68
Total
2. The following four (4 ) proposals have been deferred:
Sl. No Name of the applicant
1.
M/s. RALF Schneider
Holding GmbH,
Germany
2
M/s. Indivision India
Partners, Mauritius
3
M/s. Amar Ujala
Publication Ltd.
4
M/s. Connex Teltech
Pvt. Ltd. Bangalore
No fresh
inflow
Rs. 308.57
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 15th May, 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 9th May, 2008, Finance Minister, Shri P. Chidambaram has approved 19
proposals of Foreign Direct Investment amounting approximately to Rs. 1970.84 crore. The
proposals relate to Ministries/Departments, namely Heavy Industry, Higher Education, Industrial
Policy & Promotion, Information & Broadcasting, Information Technology, Telecommunications,
Tourism and Economic Affairs.
The major investment proposals pertain to the
Ministries/Departments of Heavy Industry, Higher Education, Information & Broadcasting,
Industrial Policy & Promotion and Economic Affairs.
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 18th May, 2008 at
Fax No.2309 4084/2309 2477 No further requests will be entertained later
and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Sd/( P.K. Bagga)
OSD (CM & I)
Tele.fax No. 2309 4172
e-mail: [email protected]
FDI/NRI inflows
(Rs. In crore)
companies
Induction of foreign equity up to 100% by
way of acquisition of shares partly by way of
cash remittances and partly by way of swap
of shares
11 M/s. RPM
Induction of foreign equity by way of
International Inc. USA subscribing to warrants to be converted into
equity shares. The company is engaged in
the business of manufacturing of polymers
HIGHER EDUCATION
Induction of foreign equity in a holding
12 M/s. Manipal
Universal Learning company.
Pvt. Ltd.
INDUSTRIAL POLICY & PROMOTION
13 M/s. Cobra Indian
Change in the status of the Indian company
Beer Pvt. Ltd.
from operating company into operating
cumholding company and to make
downstream investment by way of acquiring
up to 76% of the paid up capital of M/s.
Iceberg Industries Limited
TOURISM
14 M/s. Blue Ridge
Change in the status of operating company
Hotels Pvt. Ltd
into an operating cum holding company and
to make downstream investments in
permitted activities
TELECOMMUNICATIONS
15 M/s. Vodafone Essar Conversion of operating company into an
Limited
operating cum holding company to make
downstream investment in a company
engaged in IPI category
16 M/s. Devas
Expostfacto approval for change in the
Multimedia Pvt. Ltd. status of operating company into an
operating cum holding company for making
downstream investments
INFORMATION TECHNOLOGY
17 M/s. NAVTEQ
To set up a WOS to undertake the activities
Corporation, USA
of developing and distributing digital maps
and related locationbased data used in
mobile navigation systems and other
navigation and GIS applications
INFORMATION & BROADCASTING
18 M/s. HT Media
Transfer of shares by way of share swap
Limited
10
M/s. Greycells
Entertainment,
Mumbai
13.50
25.55
1435.00
US $ 350 million
20.50
US $ 5 million
No fresh inflow
No fresh inflow
No fresh inflow
0.41
No fresh inflow
ECONOMIC AFFAIRS
19 M/s. Indivision India Induction of foreign equity in a company 120.04
Partners, Mauritius engaged in Merchant Banking and other
NBFC activities
Total
Rs. 1970.84
3. The following two (2) proposals have been recommended to be deferred:
Sl. No Name of the applicant
The proposal of M/s. Aktiebolaget Volvo (publ), Sweden( Regn. No. 99/2008) has been
recommended for the consideration of CCEA, as the investment involved in the proposal is
above Rs. 600.00 crore.
The applicants in the proposal of M/s. LOTTE Confectionery Co. Ltd. Korea and M/s. ICICI
Securities Ltd, Mumbai have been advised to access automatic route, as the proposals do
not require the approval of FIPB.
The proposal of M/s. RMZ Infotech (Pvt.) Ltd. Bangalore has been withdrawn from the
Agenda on the request of the applicant
No.11(1)/2008FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the 29th May, 2008
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on 23rd May, 2008, Finance Minister, Shri P. Chidambaram has approved 14 Proposals of Foreign
Direct Investment amounting approximately to Rs. 825.75 Crore. The proposals relate to
Ministries/Departments, namely Chemicals & Petrochemicals, Industrial Policy & Promotion,
Information & Broadcasting, Urban Development, Tourism and Economic Affairs.
(Prabodh Saxena)
Director (FIPB)
23093558
Email: [email protected]
To
The Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are requested to send their
request latest by 5.00 P.M. on 30th May, 2008 at FAX No. 23094084, 23092477, 23093558. No
further requests will be entertained later and the approval letters would be sent by SPEED POST.
The authorised person for collection of FC approval should carry a photo identity, a proper authority
letter, duly signed by the authorised signatory of the applicant/authorized consultant. The authority
letter should also contain a specimen signature of the authorized person. Approval letter shall not
be handed over to person without the above documents.
Sd/
(Prabodh Saxena)
Director (FIPB)
23093558
Email: [email protected]
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
23.05.2008
Following 14 (fourteen) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In crore)
0.01
0.01
7.58
1.05%
NRI
0.11
9.90
276.25
ECONOMIC AFFAIRS
7 M/s. GUS Holding BV,
Netherlands
Amount not
specified
7.95
9 M/s. OM PIZZA Eats India Issue of shares in lieu of import of machinery and
Pvt. Ltd. Gurgaon
merchandise.
10 M/s. Havells India Pvt.
Ltd. Noida
No fresh inflow
277.94
URBAN DEVELOPMENT
11 M/s. Metra Eastern
Induction of FDI upto 100% in a company engaged in
Environmental System Pvt. infrastructure sector
Ltd. Hyderabad
4.00
TOURISM
12 M/s. Ager Hotels Group
Private Limited, New
Delhi
13 M/s. Riverside Home
Developers (P) Ltd.
212.00
30.00
INFORMATION TECHNOLOGY
14 M/s. Bhrigus Software
(India) Pvt.
Total
2.
No fresh inflow
Rs.825.75
To undertake cash and carry wholesale trading for the activities for which
approval for test marketing was already obtained
5 M/s. Delight Investments Induction of foreign equity in two Indian companies and to convert their
Pte. Ld. Singapore
status from operating company into operating cumholding company for
making further downstream investments
6 M/s. Meta Telecom Pvt. Increase in foreign equity from 40% to 73.45% in a company engaged in
Ltd. New Delhi
ILD and NLD Services
3.
The following 7 (Seven) proposals have been deferred due to the paucity of time.
1 M/s. Peak Database
Issue of shares in lieu of capitalization of preincorporation/preliminary
Solutions Pvt. Ltd. Mumbai expenses
2 M/s. Peak Database
Issue of shares in lieu of capitalization of preincorporation/preliminary
Solutions Pvt. Ltd. Mumbai expenses
4.
Postfacto approval for the FDI already brought in under automatic route,
which is otherwise requires FIPB approval.
Postfacto approval for the FDI already brought in under automatic route,
which is otherwise requires FIPB approval
5.
The proposal of M/s. Vijay Television Pvt. Ltd. has been withdrawn and will be dealt separetly.
F. No. 11(1)/2009FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the July 1, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on June 19, 2009, Government has approved 21 Proposals of Foreign Direct Investment
amounting to Rs. 84.90 Crore approximately. The proposals relate to Ministries/Departments,
namely, Chemical & Petrochemicals, Commerce, Economic Affairs, Industrial Policy & Promotion,
Information & Broadcasting, Power, Urban Development, Information Technology, and
Telecommunication.
(Prabodh Saxena)
Director (FIPB)
23093558
Email: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
June 19, 2009.
Following 21 (Twenty one) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Nilorngruppen AB,
Sweden
0.01
63.00
1.00
3 M/s DunhamBush
International Pte Ltd.,
Singapore
ECONOMIC AFFAIRS
4 M/s Edipresse Asia
To subscribe either by itself or through its affiliates,
Limited (EAL), Hong Kong subsidiaries or group companies to equity shares of the
issued and paidup share capital of the joint venture
company proposed to incorporate in India to carry out the
business of publishing, ownership, promotion, marketing
and distribution of the specialty magazines (for consumer
and trade media).
0.29
0.05
6 M/s Compagnie
Financiere Michelin
(CFM) & Nitor S.A
(Nitor), Switzerland
0.01
HEALTH
7 M/s Femi Medical
Services Ltd., Israel
0.01
HEAVY INDUSTRY
8 M/s Kusakabe Electric & To set up a Wholly Owned Subsidiary (WOS) to carry out
Machinery Co. Ltd., Japan the activity relating to manufacturing of machinery for
tube & pipe mills and other associated equipment. The
proposal attracts Press Note 1 of 2005.
05.00
0.01
5.14
STEEL
10 M/s Metal One
Corporation, Japan
(No.125/2009FC.I)
0.76
9.61
No Fresh Inflow
TELECOMMUNICATIONS
14 M/s Tikona Digital
Networks Pvt. Ltd.
No Fresh Inflow
Not Indicated
COMMERCE
17 M/s Basell Polyolefins
India Pvt. Ltd., Mumbai
No Fresh Inflow
No Fresh Inflow
0.01
ECONOMIC AFFAIRS
19 M/s Ortus Infratel and
Holdings Pvt. Ltd., New
Delhi
No Fresh inflow
2.
No Fresh Inflow
3 M/s IHHR Hospitality Pvt. Expost facto approval to regularize the allotment of equity shares on partly
Ltd., New Delhi
paid basis.
4 M/s Powermax
Communications Pvt.
Ltd., New Delhi
To increase in the foreign equity participation from the existing 49% to 74%
in the enhanced paid up capital. The company is engaged in providing
broadband communication networks, systems, products and services,
power transmission and distribution management systems and services
and smart grid networks, systems, services and products.
5 M/s IL&FS Trust Company To subscribe to Units of the Trust in consideration of contribution of assets
Ltd., Mumbai
to the Trust at the fair value determined and to permit the Trust to accept
contribution in kind and to allow the Trust to continue to hold investment
in Multi Commodity Exchange of India Limited (MC).
6 M/s Exensys Software
Solutions Ltd.
7 M/s Interpublic Mauritius To make investment of 50% equity by way of subscribing to equity shares.
Ltd., Mauritius
The proposal attracts Press Note 1 of 2005.
8 M/s Capricorn
Infrastructure Pvt. Ltd.,
Mumbai
To seek relaxation in the clause (b) of Press Note 2 of 2005 with respect to
minimum capitalization and asking the permission to receive balance
amount as fresh inflow of funds to achieve the minimum capitalization
norms.
Expost facto approval for (i) issue of fully convertible equity warrants, and
(ii) for allotment of fully paid up equity shares on conversion of convertible
equity warrants.
3.
To allot and issue shares to the Indian companies and/or their respective
affiliates fully paid up equity shares and/or compulsorily convertible
preference shares and to invest in other companies engaged in such
business falling under the same sector.
7 M/s Nagarajuna
Construction Ltd.
4.
The following 01 (One) proposal has been noted in terms of para 8 of PN 2 of 2009 whereby no
approval is now required for downstream investment made in the past.
Sl.
No.
Name of the
applicant
*****
FDI/NRI inflows
(Rs. In Crore)
No Fresh Inflow
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the December 1, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on November 20, 2009, Government has approved 17 Proposals of Foreign Direct Investment
amounting to Rs. 4551.05 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
20.11.2009
Following 17 (Seventeen) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
CIVIL AVIATION
1 M/s Bengal Aerotropolis
Projects Ltd., Kolkata
100.81
COMMERCE
2 M/s Burberry
International Holdings
Ltd., UK
16.72
ECONOMIC AFFAIRS
3 M/s GIA India Laboratory To capitalize and issue equity shares against the postPvt. Ltd., Mumbai
incorporation expenses.
No fresh inflow
4 M/s The Andhra Pradesh To issue on Rights basis, shares and Detachable Warrant
Paper Mills Ltd.,
convertible into equity share.
Secunderabad
35.09
5 M/s Xenosoft
technologies India Pvt.
Ltd., Hyderabad
6 M/s Tara India Holdings A Acquisition of equity shares of the Stock Exchange.
Ltd., Mauritius
74.77
HEAVY INDUSTRY
7 M/s IMC International
To set up a WOS to undertake the business of Import and
Metalworking Companies wholesale trade, manufacture, tool management
B.V., Netherlands
services, and other related services. The proposal attracts
Press Note 1 of 2005.
0.01
8 M/s Lemken Landtechnik To acquire 100% equity shares of the Indian company
GmbH, Germany
engaged in the activities of manufacturing of
agricultural equipments/ implements and ancillary
equipments/ machinery. The proposal attracts Press
Note 1 of 2005.
11.90
0.25
Nil
COMMERCE
11 M/s Luxury Goods Retail
Pvt. Ltd.
1.04
16.60
ECONOMIC AFFAIRS
No Fresh Inflow
TELECOMMUNICATIONS
14 M/s Scorpios Beverages
Pvt. Ltd., Delhi
2.
533.33
329.53
380.00
3051.00
3 M/s Premiere
Conferencing (Ireland)
Ltd., Ireland
3.
1 M/s Brampton
Infrastructure India Pvt.
Ltd., Delhi
4 M/s DYNAMIC
Alternatives (Pty) Ltd.
4.
The following 1 (One) proposal has been recommended for the consideration of CCEA, since the
project cost exceeds Rs. 600.00 Crore:
Sl.
No
1 (1) M/s Alstom Power Holdings SA, To establish two JV companies in India and
France,
incorporate and invest in:
(a) 51% of the post issued paid up share capital of
(2) Alstom Technology Ltd.,
such JV (1); and
Switzerland,
(b) 49% of post issue paid up share capital of JV (2).
(3) Alstom SA, France
The proposal attracts Press Note 1 of 2005.
FDI/NRI
inflows (Rs.
In Crore)
490.00
5.
The following 1 (One) proposal has been recommended for the consideration of CCEA, as the initial
approval was granted by CCFI (now CCEA):
Sl.
No
1 M/s Pepsico India Holdings Pvt. Ltd. Induction of additional foreign equity.
*****
FDI/NRI
inflows (Rs.
In Crore)
928.00
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the November 2, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on October 19, 2012, Government has approved 12 Proposals of Foreign Direct Investment
amounting to ` 706.66 crore approximately.
Sd/(P.K. Bagga)
OSD (CM&I)
Tele: 23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 19.10.2012
Following 12 (Twelve) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Pavers England
Ltd.
98.26
DEFENCE PRODUCTION
2 M/s Larsen & Toubro
Limited
PHARMACEUTICALS
4 M/s Premier Medical
Corporation Ltd.,
Mumbai
54.28
POST
5 M/s Red Express
Transport Services
Limited, New Delhi
2.45 (already
brought in)
CIVIL AVIATION
8 M/s Tara Aerospace
Systems Limited,
Mumbai
7.6
PHARMACEUTICALS
9 M/s Adcock Ingram
Healthcare Pvt. Ltd.,
Bangalore
480.00
Nil
6.22
12 M/s Damiani India Pvt. Induction of foreign equity to carry out the business
Ltd.
of single brand retail trading.
0.35
COMMERCE
11 M/s Brooks Brothers
Group Inc (BBG)
2.
10
11
12
13
14
15
16
17
18
19
3.
Delhi
3 M/s Agility Logistics
Pvt. Ltd.
4.
Sl.
No
The following 1 (One) proposal has been advised to access automatic route:
Name of the
applicant
FDI/NRI
inflows
(` in crore)
10.00
7 M/s Deutsche
Investments India
Private Limited, Mumbai
8 M/s G4S Secure
Solutions (India) Pvt.
Ltd., Delhi & Haryana
9 M/s Acebright (India)
Pharma Pvt. Ltd.,
Karnataka
Post facto approval for issuance of equity shares and approval for issue
of further shares to carry out the business of manufacturing of
pharmaceutical ingredients.
10 M/s Multi Screen Media Induction of foreign equity to carry out the business of production of
Pvt. Ltd.
television programmes in India languages primarily for export, sale
and distribution of Indian language audio visual production.
Downlink certain TV channels.
11 M/s Erica Healthcare
Increase in foreign equity engaged in the pharmaceutical sector.
Pvt. Ltd., Mumbai
12 M/s Augere Wireless
Broadband India Pvt.
Ltd.
Post facto approval for capitalisation of the expenses to carry out the
business of Broadband wireless services, internet services and other
telecommunication related services.
13 M/s M and C Rakindo
Ex-post-facto approval to issue and allot partly paid up shares to carry
Hospitality Pvt. Ltd.,
out the business of development, construction ownership,
Coimbatore
management, sale and/ or lease of hotel projects in India.
14 M/s Tocheunglee
Induction of foreign investment in an LLP to carry out the business of
Stationery
manufacturing of Nickel Plating/ Phospating Treatment/ Metal
Manufacturing Company Finishing/ other related plating process for the components related to
Pvt. Ltd., Tiruvallur
manufacture of Lever Arch Mechanisms, Loose Leaf Ring Metal/Metal
Binders, etc.
*****
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe3thMarch,2009
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
held on 23rd February, 2009, Government has approved 29 Proposals of Foreign Direct Investment
amounting to Rs. 616.08 Crore approximately. The proposals relate to Ministries/Departments,
namely, Commerce, Economic Affairs, Information & Broadcasting, Telecommunication, Tourism,
IndustrialPolicy&Promotion,Post,DefenceProduction,andUrbanDevelopment.
Sd/
(R.Prasad)
UnderSecretarytotheGovernmentofIndia
23093135
23094084
Email:[email protected]
To
TheAdditionalDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
23.02.2009
Following29(TwentyNine)proposalshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
COMMERCE
1 M/sPoltronaFrauS.p.A
SingleBrandretailtrading.
21.50
ECONOMICAFFAIRS
2 BharathWindFarmsLtd., Conversion of operating company into operating cum
NoFreshInflow
Chennai
holdingcompanytomakedownstreaminvestments.
3 M/sLisiAerospaceand
LancAeroIndustries,
France
9.70
3.72
9 M/sEBSWorldwide
ServicesPvt.Ltd.
Mumbai.
50.00
0.42
10 M/sVelankani
Postfactoapprovalforconversionofoperatingcompany
InformationSystemsPvt. into operating cum holding company to make NoFreshInflow
Ltd.Bangalore
downstreaminvestments.
11 M/sShalivahanaGreen
13.14
EnergyLtd.
Secunderabad.
holdingcompanytomakedownstreaminvestmentsand
transferofequityformresidenttononresident.
INFORMATION&BROADCASTING
12 M/sWhatsonIndia
To hold a TV channel license for uplinking a nonnews
NoFreshInflow
MediaPvt.Ltd.,Mumbai andcurrentaffairsTVchannelfromIndia
TELECOMMUNICATION
13 M/sTelcordia
TechnologiesInc.USA
45.00
TOURISM
14 M/sAAPCSingaporePte Toinvestupto100%inanIndiancompanybysubscribing
Ltd.,Singapore
to equity/ fully convertible preference shares; and / or
subscribe to fully convertible debentures to construct,
develop,ownandmanageFormule1hotelsinIndia.The
proposalattractsPressNote1of2005.
365.78
COMMERCE
15 M/sZepterInternational Towaiveoftheconditionoftestmarketingandtocarry
NoFreshInflow
IndiaPvtLtd.
outwholesalecash&carrybusinessonly.
INDUSTRIALPOLICY&PROMOTION
16 M/sR.E.D.Graniti
QuarriesandBlocks(I)
Pvt.Ltd.
17 M/sCaparoEngg(I)Pvt. Toissueandallotequitysharesagainstthefullandfinal
NoFreshInflow
Ltd.
dischargeonaccountofimportofmachinery.
18 M/sThomyanFood
Industries(I)Pvt.Ltd.
19 M/sMacquarieCapital
Adviser(India)Pvt.Ltd.
Tomodifythepercentageofequitysharecapitalsetout
in the approval letter and to delete the condition of NoFreshInflow
compounding.
INFORMATION&BROADCASTING
20 M/sReedInfomedia(I)
Pvt.Ltd.
Topublishadditionalmagazines.
NoFreshInflow
COMMERCE
21 M/sMallcom(India)Ltd., Induction of foreign equity in the enhanced paid up
Kolkata
capital to carry out the marketing and selling industrial
safety products. The proposal attracts Press Note 1 of
2005.
0.01
ECONOMICAFFAIRS
22 M/sDynamatic
TechnologiesLtd.,
Bangalore
Notindicated
23 M/sHighMarkCredit
Toissueandallotupto10%oftheissuedsharecapital.
InformationServicesPvt.
Ltd.,Mumbai
5.00
24 M/sLogixMicrosystems Transferofsharesbywayofshareswap.
Ltd.,Bangalore
4.00
25 M/sABGBulkHandling
Pvt.Ltd.,Mumbai
Conversionofoperatingcompanyintoanoperatingcum
holding company to make further downstream
investment.
26 M/seSysInformation
TechnologiesLtd.
Conversionofoperatingcompanyintoanoperatingcum
holding company to make further downstream NoFreshInflow
investment.
90.00
POST
27 M/sELbeeExpressPvt.
Ltd.
7.81
DEFENCEPRODUCTION
28 M/sAstraMicrowave
ProductsLimited,
Hyderabad
URBANDEVELOPMENT
29 M/sHBSRealtorsPvt.
Ltd.,Mumbai
2.
Conversionofoperatingcompanyintoanoperatingcum
holding company to make further downstream
investment.
Alreadynoted
Thefollowing19(Nineteen)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sJohnDeere
TosetupaJVtocarryoutthemanufacturing,marketinganddistribution
Construction&Forestry, ofalltypesofconstructionequipments.TheproposalattractsPressNote
USA
1of2005.
2 M/sBNPParibas
SecuritiesServicesLtd.,
France
Conversionofoperatingcompanyintooperatingcumholdingcompanyto
makedownstreaminvestmentstocarryoutthebusinessofconstruction
anddevelopmentofrealestateprojects.
4 M/sOrtusInfrateland
HoldingsPvt.Ltd.,New
Delhi
5 M/sSaketEngineersPvt. Conversionofoperatingcompanyintooperatingcumholdingcompanyto
Ltd.Bangalore.
make downstream investments to undertake Real estate development
projectsandtomakedownstreaminvestmentsinentitiesundertakingFDI
compliantprojects/activities.
6 M/sThalesAvionicsS.A. To set up a JV with a foreign equity participation of 26% in Defence
France
sector.
7 M/sTRWAftermarket
AsiaPacificPteLtd.,
Singapore
8 M/sTikonaDigital
NetworksPvt.Ltd.,
Mumbai
9 M/sYamahaMotorIndia Transferofbusinessoperationstoacompanyengagedinthebusinessof
SalesPvt.Ltd.
manufacture, sale, import & exports of motorcycles, biwheelers and
partsthereof.
10 M/sInformationTech
Park,Bangalore
11 M/sQuippoTelecom
Conversionofoperatingcompanyintooperatingcumholdingcompanyto
InfrastructureLtd.(QTIL) make downstream investments and demerger of passive telecom
infrastructurebusinessapprovedbytheHighCourtofAndhraPradesh.
12 M/sTanlaSolutionsLtd., Conversionofoperatingcompanyintooperatingcumholdingcompanyto
Hyderabad
makedownstreaminvestments.
13 M/sHiranandaniRealtors Conversionofoperatingcompanyintoanoperatingcumholdingcompany
Pvt.Ltd.,Mumbai
tomakefurtherdownstreaminvestment.
14 M/sLakepointBuilders
Pvt.Ltd.,Mumbai
Conversionofoperatingcompanyintoanoperatingcumholdingcompany
tomakefurtherdownstreaminvestment.
15 M/sDNATA,UAE
relatedservices.
16 M/sABGKandla
ContainerTerminalLtd.
Conversionofoperatingcompanyintoanoperatingcumholdingcompany
tomakefurtherdownstreaminvestment.
3.
Toincreaseinforeignshareholdingfrom50%to74%.
Thefollowing1(One)proposalhasbeenrejected:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/sICPInvestments
Transfer of Shares from NR to NR (repatriation of original investment
(Mauritius)Ltd.Mauritius before a period of three years from completion of minimum
capitalization.
4.
Sl.
No
Thefollowing1(One)proposalhasbeenwithdrawnbytheapplicant.
Nameoftheapplicant
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
25.40
5.
Thefollowing01(One)proposalhasbeennotedastheapplicanthasinvestedatatimewhenthere
wasnopolicyonFDIincommodityexchange.
Sl. Nameoftheapplicant
No
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
1 M/sGoldmanSachs
ExPostfacto approval for acquisition of equity shares
Investments(Mauritius)I representing7%ofthepaidupandissuedsharecapital
NoFreshInflow
Ltd.,Mauritius
anddivestmentofexcessinvestmentof2%byJune30,
2009toundertakethecommodityexchange.
*****
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the May 3, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on April 20, 2011, Government has approved 21 Proposals of Foreign Direct Investment
amounting to ` 1027.20 crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 20.04.2011
Following 21 (Twenty one) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)
0.62
60.00
5.50
COMMERCE
2 M/s Jay Shree Tea &
Industries Ltd., Kolkata
ECONOMIC AFFAIRS
3 M/s Dhanlaxmi Bank
Ltd., Kerala
1.60
No fresh
inflow
REVENUE
6 M/s Deccan Emerging
Business Ventures Pvt.
Ltd., Karnataka
9.92
10.00
TELECOMMUNICATIONS
8 M/s People Infocom Pvt. To issue shares by way of share swap.
Ltd., Mumbai
Nil
ECONOMIC AFFAIRS
9 M/s Tikona Digital
Networks Pvt. Ltd.
No fresh
inflow
No inflow
DEFENCE PRODUCTION
11 M/s Maini Precision
Products Pvt. Ltd.,
Bangalore
12 M/s Punj Lloyd Ltd.,
Delhi & Haryana
No fresh
inflow
No fresh
inflow
No fresh
inflow
13.82
15.7
97.51
120.16
POWER
17 M/s ACB (India)
Limited, Delhi
475.00
TELECOMMUNICATIONS
19 M/s Netmagic Solutions To increase foreign equity from 49 per cent to 74
Pvt. Ltd., Mumbai
per cent to carry out the business of ISP with
gateways.
20 M/s Augere Wireless
To increase foreign equity from 49 per cent to 74
Broadband India Pvt.
per cent to carry out the business of Broadband
Ltd., Delhi
wireless services, internet services and other
telecommunication related services.
70.00
54.00
2.
93.37
3.
4.
4 M/s Rolling
Construction Private
Limited, Delhi &
Haryana
5 M/s Pruksa-Luxora
Housing Pvt. Ltd.,
Mumbai
6 M/s Arshiya
International Ltd.,
Mumbai
7 M/s Ybrant Digital Ltd.
8 M/s Xebia IT
Architects India Pvt.
Ltd.
9 M/s Telelogic ICT
Services Pvt. Ltd.
The following 01 (One) proposal has been withdrawn from the Agenda.
Sl. No
Name of the applicant
1 M/s Kemrock Industries and Exports Ltd., Gujarat
******
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the July 03, 2013
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on June 14, 2013, Government has approved 8 Proposals of Foreign Direct Investment amounting
to ` 1311.54 crore approximately.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 14.06.2013
Following 8 (Eight) proposals have been approved.
Sl.
No.
Nil
2.87
No Fresh
Inflow
280.00
8.39
FDI/NRI
inflows
(` In crore)
Nil
20.28
1000.00
Sl.
No
Name of the
applicant
M/s Indostar
Capital Finance
Pvt. Ltd.,
Mumbai
2 M/s Muthoot
Finance Limited,
Kerala
3 M/s Scripbox.com
India Pvt. Ltd.,
Bangalore
4 M/s AU Housing To increase direct and indirect foreign investment up to 95%, without
Finance Limited, meeting the minimum capitalization norm of USD 50 million. The
Jaipur
company is engaged in the business of providing housing loans, primarily
in the un-served, unreached and under-served market mainly in low income
states of India.
5 M/s Soma
Post facto approval for increase in foreign equity in the investing company.
Tollways Pvt. Ltd.
6 M/s Conrad
A Foreign citizen (NR) proposes to set up a multimedia LLP.
Horler, Karnataka
7 Mr. Ramneek
To set up an LLP with foreign equity to undertake agri-export business.
Singh, Amritsar
8 M/s Octania
To issue equity shares in lieu of technology transfer/know how.
Aerostructure
Group Pvt. Ltd.,
New Delhi
9 M/s Jaguar-Max Induction of foreign investment upto 49% in an Indian company engaged in
Security Solutions Private Security Services.
Pvt. Ltd., New
Delhi
10 M/s Jet Airways An Indian Air Transport Service sector company to make a preferential
India Ltd.
allotment of 24% of equity shares to a foreign airline. The foreign airline
proposes to subsequently transfer the same to its WoS.
3.
Sl.
No
Name of the
applicant
1 M/s Alliance
Insurance Brokers
Private Limited,
Mumbai
2 M/s Highdell
Investment Ltd.,
Mauritius
3 M/s NREC
Railway
Equipments India
Private Limited,
Delhi
4 M/s Snap
Networks Pvt.
Ltd., Karnataka
5 M/s Multi
Commodity
Exchange of India
Pvt. Ltd.
6 M/s Marjan
Motors Private
Limited, Chennai
Post facto approval for issuance of partly paid up shares to an NRI. The
company is engaged in the business of development of technology with
respect to Wireless sound systems.
Engaged in the business of trading in commodities.
4.
Sl.
No
The following 2 (Two) proposals have been advised to access automatic route:
Name of the
applicant
5.
FDI/NRI
inflows
(` in crore)
17.61
Nil
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s ICICI Venture Funds Management Company Ltd., Mumbai
6.
In respect of the following 1 (One) proposal, the applicant has been advised to apply for
approval:
Sl. Name of the applicant
No.
7.
In respect of the following 1 (One) proposal, the applicant has been advised that part (a)
has been rejected and part (b) and (c) would not require post facto approval as the sector is on
automatic route:
5 M/s Abicor Binzel
Production (India) Pvt.
Ltd., Pune
8.
FDI/NRI
inflows
(` in crore)
Nil
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 3, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on August 21, 2009, Government has approved 8 Proposals of Foreign Direct Investment
amounting to Rs. 1.31 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
August 21, 2009
Following 8 (Eight) proposals have been approved:
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)
ECONOMIC AFFAIRS
2 M/s Clivet TF Air Systems To issue shares for other than cash consideration.
(P) Ltd., Bangalore
No Fresh Inflow
issuance
of
warrants
0.03
No Fresh Inflow
POWER
7 M/s ISNI Electric Power
Company Pvt. Ltd., USA
TELECOMMUNICATION
8 M/s Tecnotree
Convergence Ltd.,
2.
1.28
6 M/s ByCell
A decision is required to be taken in the light of the High Courts directions
Telecommunication Pvt. that any representation made by ByCell is to be considered by FIPB in light
Ltd.,
of MHAs objections to security credentials of the company.
7 M/s Devas Multimedia
Pvt. Ltd.,
3.
1 M/s Capricorn
Infrastructure Pvt. Ltd.,
Mumbai
To seek relaxation in the clause (b) of Press Note 2 of 2005 with respect to
minimum capitalization and asking the permission to receive balance
amount as fresh inflow of funds to achieve the minimum capitalization
norms.
4.
5.
The following 01 (One) proposal has been recommended to advise the applicant to approach the
Regulator:
Sl. Name of the applicant
No.
1 M/s Coles Cranes Group
Ltd., U.K
FDI/NRI inflows
(Rs. In Crore)
6.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore:
Sl.
No
*****
FDI/NRI
inflows (Rs. In
Crore)
3740.00
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe12thJune,2008
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
heldon4thJune,2008,FinanceMinister,ShriP.Chidambaramhasapproved13ProposalsofForeign
Direct Investment amounting approximately to Rs. 1524.70 Crore. The proposals relate to
Ministries/Departments, namely Chemicals & Petrochemicals, Industrial Policy & Promotion,
Information&Broadcasting,UrbanDevelopment,TourismandEconomicAffairs.
(P.K.Bagga)
OSD(CM&I)
23094172
Email:[email protected]
To
TheDeputyDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
Applicants who want to get their approval letters collected personally are requested to send their
request latest by 5.00 P.M. on 13th June, 2008 at FAX No. 23094084, 23092477, 23093558. No
furtherrequestswillbeentertainedlaterandtheapprovalletterswouldbesentbySPEEDPOST.
TheauthorisedpersonforcollectionofFCapprovalshouldcarryaphotoidentity,aproperauthority
letter,dulysignedbytheauthorisedsignatoryoftheapplicant/authorizedconsultant.Theauthority
lettershouldalsocontainaspecimensignatureoftheauthorizedperson.Approvallettershallnot
behandedovertopersonwithouttheabovedocuments.
(P.K.Bagga)
OSD(CM&I)
23094172
Email:[email protected]
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
04.06.2008
Following13(thirteen)caseshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.Incrore)
COMMERCE
1 M/s.SocomecSA,France Induction of foreign equity up to 100% in Indian
Companytomakeitasits100%WOSandtochangethe
activitiesfromretailtradingtowholesalecashandcarry
trading.ProposalattractsPressNote1of2005.
2 M/sArcelorMittalIndia
Ltd.,Ranchi
Nil
Conversionofoperatingcompanyintoanoperatingcum
holding company for making further downstream
investment.
0.41
13.47
60.69
ECONOMICAFFAIRS
3 M/sDeutscheBank
Aktiengesellschaft
HEALTH
POWER
5 M/sIndiabullsPower
Conversionofoperatingcompanyintoanoperatingcum
GenerationLtd.,Mumbai holding company for making further downstream
investment.
0.13
ROADTRANSPORT&HIGHWAYS
6 M/sGayatriInfra
Inductionofforeignequityupto49%formakingfurther
VenturesLtd.,Hyderabad downstreaminvestment.
200.00
INFORMATION&BROADCASTING
7 M/sDishTV
Issueofrightissueofitspartlypaidupequityshares.
Nil
FOODPROCESSING
8 M/sDemeraraDistilleries Conversionofoperatingcompanyintoanoperatingcum
holding company for making further downstream
investment.
ECONOMICAFFAIRS
Nil
9 M/sPeakDatabase
SolutionsPvt.Ltd.,
Mumbai
Nil
10 M/sPeakDatabase
SolutionsPvt.Ltd.,
Mumbai
Nil
11 M/sDLFLimitless
Issueofsharesinlieuofpreincorporationexpenses
DevelopersPvt.Ltd.,New
Delhi
Nil
12 M/sGolbootHoldings
Ltd.,Cyprus
700.00
13 M/sIndiaRizingFund,
Mumbai
550.00
2.
Thefollowing3(three)proposalshavebeendeferred:
Total
Rs.1524.70
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sTopSecurityLtd.,
Downstream Investment in its 10 Subsidiaries and Preferential allotment
Mumbai
ofequityshares.
2 M/sRISHPTELtd.,Cock
Islands
PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
whichotherwiserequiresFIPBapproval.
3 M/sRISHPTELtd.,Cock
Islands
PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
whichotherwiserequiresFIPBapproval.
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 04, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on July 27, 2012, Government has approved 11 Proposals of Foreign Direct Investment
amounting to ` 2067.98 crore approximately. The Press Release dated August 23, 2012 has been
modified and the proposal of M/s Cloverdell Investments Ltd. Mauritius, which was pending for
certain clarification, has now been approved.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 27.07.2012
Following 11 (Eleven) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Anamika Tea
Acquisition of equity shares of the company
Holding Ltd., Mauritius engaged in the business of plantation/ cultivation
and manufacturing and selling of tea.
1.85
ECONOMIC AFFAIRS
2 M/s Vinci Energies India Induction of foreign equity into an investing cum
Pvt. Ltd., Delhi
operating company, whose operating activities have
not commenced.
3 M/s Kemper System
Ex post facto approval for transfer of shares from
(India) Pvt. Ltd., Pune resident to Non Resident in a company engaged in
wholesale trading prior to issue of Press Note 4 of
2006 dated February 10, 2006.
4 M/s DEG-Deutsche
Induction of foreign investment into the India Fund
Investitions-und
which will act as Investing Company to invest in
Entwicklungsgesellschaf equity, equity-linked and debt instruments of Indian
t mbH
companies engaged in infrastructure service, supply
chains and logistics, healthcare services,
entertainment and leisure goods and consumer
packaged goods, which are permitted under extant
FDI policy.
15.50
0.10 (already
brought)
55.00
PHARMACEUTICALS
5 M/s Fresenius Kabi
(Singapore) Pte. Ltd.,
Singapore
FINANCIAL SERVICES
6 M/s Equitas Holdings
Pvt. Ltd.
140.00
40.00
1000.00
7.40
0.07
FINANCIAL SERVICES
11 M/s Cloverdell
Investments Ltd.
Mauritius
2.
808.06
6 M/s B Braun Singapore Acquisition of shares of the company engaged in the business of life
Pte Limited, Singapore saving intravenous fluids and ophthalmic products.
7 M/s Pfizer Limited,
Mumbai
12 M/s Ordain Health Care Induction of foreign investment in an existing company engaged in
Global Pvt. Ltd.,
the business of manufacturing, research & development for
Chennai
technology advancement, and marketing of pharmaceutical finished
dosage formulations.
13 M/s Sutures India
Induction of foreign investment in an existing company engaged in
Private Limited,
the business of manufacturing and export of sutures, surgical tapes,
Bangalore
mesh bone wax, atraumatic needles, skin staplers and surgical
gloves.
14 M/s Stellence
Induction of foreign equity by way of transfer and issue of equity
Pharmscience Pvt. Ltd., shares and compulsory convertible preference shares to carry out the
Bangalore
business of manufacture and sale of Active Pharmaceutical
Ingredients and advanced intermediates.
15 Dr. A. Jawahar
Post facto approval for regularization of equity shares. The company
Palaniappan, USA
is engaged in the activity of printing magazines, telephone
directories, text books, etc.
3.
4 M/s Greycells
Education Ltd.
4.
In the following 01 (One) proposal, FIPB recommended that the applicant may be advised
that no specific approval is required:
Sl. Name of the applicant
No.
5.
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s Alburaq Trading LLP, Maharashtra
*****
FDI/NRI
inflows
(` in crore)
Nil
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 04, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on July 27, 2012, Government has approved 11 Proposals of Foreign Direct Investment
amounting to ` 2067.98 crore approximately. The Press Release dated August 23, 2012 has been
modified and the proposal of M/s Cloverdell Investments Ltd. Mauritius, which was pending for
certain clarification, has now been approved.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 27.07.2012
Following 11 (Eleven) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Anamika Tea
Acquisition of equity shares of the company
Holding Ltd., Mauritius engaged in the business of plantation/ cultivation
and manufacturing and selling of tea.
1.85
ECONOMIC AFFAIRS
2 M/s Vinci Energies India Induction of foreign equity into an investing cum
Pvt. Ltd., Delhi
operating company, whose operating activities have
not commenced.
3 M/s Kemper System
Ex post facto approval for transfer of shares from
(India) Pvt. Ltd., Pune resident to Non Resident in a company engaged in
wholesale trading prior to issue of Press Note 4 of
2006 dated February 10, 2006.
4 M/s DEG-Deutsche
Induction of foreign investment into the India Fund
Investitions-und
which will act as Investing Company to invest in
Entwicklungsgesellschaf equity, equity-linked and debt instruments of Indian
t mbH
companies engaged in infrastructure service, supply
chains and logistics, healthcare services,
entertainment and leisure goods and consumer
packaged goods, which are permitted under extant
FDI policy.
15.50
0.10 (already
brought)
55.00
PHARMACEUTICALS
5 M/s Fresenius Kabi
(Singapore) Pte. Ltd.,
Singapore
FINANCIAL SERVICES
6 M/s Equitas Holdings
Pvt. Ltd.
140.00
40.00
1000.00
7.40
0.07
FINANCIAL SERVICES
11 M/s Cloverdell
Investments Ltd.
Mauritius
2.
808.06
6 M/s B Braun Singapore Acquisition of shares of the company engaged in the business of life
Pte Limited, Singapore saving intravenous fluids and ophthalmic products.
7 M/s Pfizer Limited,
Mumbai
12 M/s Ordain Health Care Induction of foreign investment in an existing company engaged in
Global Pvt. Ltd.,
the business of manufacturing, research & development for
Chennai
technology advancement, and marketing of pharmaceutical finished
dosage formulations.
13 M/s Sutures India
Induction of foreign investment in an existing company engaged in
Private Limited,
the business of manufacturing and export of sutures, surgical tapes,
Bangalore
mesh bone wax, atraumatic needles, skin staplers and surgical
gloves.
14 M/s Stellence
Induction of foreign equity by way of transfer and issue of equity
Pharmscience Pvt. Ltd., shares and compulsory convertible preference shares to carry out the
Bangalore
business of manufacture and sale of Active Pharmaceutical
Ingredients and advanced intermediates.
15 Dr. A. Jawahar
Post facto approval for regularization of equity shares. The company
Palaniappan, USA
is engaged in the activity of printing magazines, telephone
directories, text books, etc.
3.
4 M/s Greycells
Education Ltd.
4.
In the following 01 (One) proposal, FIPB recommended that the applicant may be advised
that no specific approval is required:
Sl. Name of the applicant
No.
5.
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s Alburaq Trading LLP, Maharashtra
*****
FDI/NRI
inflows
(` in crore)
Nil
No.11(1)/2008FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the 7th January 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on 12th December, 2008, Government has approved 34 Proposals of Foreign Direct Investment
amounting to Rs. 1614.90 Crore approximately. The proposals relate to Ministries/Departments,
namely, Commerce, Corporate Affairs, Economic Affairs, Heavy Industry, Information & Broadcasting,
Information Technology, Financial Services, Steel, Urban Development, Road Transport & Highways
and Telecommunication,.
Sd/
(Prabodh Saxena)
Director (FIPB)
23093558
Email: [email protected]
To
The Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
12.12.2008
Following 34 (Thirty four) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Wear International
Retail Pvt. Ltd.
Not indicated
Not indicated
2.29
4 M/s Toy Watch India Pvt. Induction of foreign equity participation of 51% for retail
Ltd.
and wholesale trade under the single brand.
5 M/s Austria Puma Dassler To set up a Joint Venture with 51% equity participation
Gesellschaft m.b.H
for retail trading.
Austria
Not indicated
0.76
CORPORATE AFFAIRS
6 M/s Sona Koyo Steering
Systems Ltd
No Fresh Inflow
ECONOMIC AFFAIRS
7 M/s Compass Group
(Mauritius) Ltd.,
Mauritius
10
11
0.01
2.25
No Fresh Inflow
0.50
56.21
HEAVY INDUSTRY
12 M/s Toyoda Iron Works
Co. Ltd., Japan
75.24
No Physical
inflow
2.00
INFORMATION TECHNOLOGY
15 M/s Den Networks Ltd.,
New Delhi
Not indicated
No Fresh Inflow
FINANICAL SERVICES
17 M/s Bupa Mauritius
Holdings Ltd., Mauritius
3.00
STEEL
18 M/s Sumitomo
Corporation, Japan
URBAN DEVELOPMENT
19 M/s. HBS Realtors Pvt.
Ltd., Mumbai
300.00
400.00
ECONOMIC AFFAIRS
21 M/s Aavishkar India
Micro Venture Capital
Fund
To receive FDI and issue and allot the units of the Fund.
22.56
No Fresh Inflow
No Fresh Inflow
COMMERCE
25 M/s Universal Biofuels
Pvt. Ltd., Hyderabad
200.00
HEAVY INDUSTRY
26 M/s Ralf Schneider
To set up a WOS. Proposal attracts Press Note 1 of
Holding Gmbh, Germany 2005.
0.50
TELECOMMUNICATION
27 M/s. Equant Network
Services India Pvt. Ltd.
No Fresh Inflow
28.94
0.10
COMMERCE
29 M/s Rapaport Holdings
LLC., USA
COMMERCE
30 M/s Sophia Power
Company Ltd., Gurgaon
No Fresh Inflow
38.82
73.67
No Fresh Inflow
124.23
2.
The following 1 (One) proposals have been advised to access automatic route.
Sl.
Name of the applicant
Particulars of the proposal
No
1 M/s Medison Co. Ltd., Korea To set up a WOS.
5.
The following 1 (One) proposals have been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore.
Sl.
Name of the
Particulars of the proposal
FDI/NRI
No
applicant
inflows (Rs.
In Crore)
1 M/s. Krishnapatnam Postfacto approval for the FDI already brought in under
Port Company Ltd,
automatic route, which otherwise requires FIPB approval and
944.00
Hyderabad
to make downstream investments in companies and/ or to
establish subsidiaries in future.
6.
7.
8.
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the May 7, 2013
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on March 13, 2013, Government has approved 17 Proposals of Foreign Direct Investment
amounting to ` 262.5594 crore approximately.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 13.03.2013
Following 17 (Seventeen) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` In crore)
0.32
PHARMACEUTICALS
3 M/s SIDD Life Sciences Post facto approval for issuance of shares prior to
Pvt. Ltd., Tamil Nadu
receipt of full inward remittance. Engaged in the
business of manufacturing of medical/surgical
equipment & orthopaedic appliances etc.
4 M/s Sanofi-Synthelabo An existing pharma company to acquire another
(India) Limited, Mumbai pharma company through internal accruals.
5 M/s Oxford Lifesciences
Pvt. Ltd., Mumbai
6 M/s Oxford Laboratories
Pvt. Ltd., Mumbai
7 M/s Mylan Laboratories
Limited, Hyderabad
0.61(already
brought in)
180.00
0.18
0.52
Nil
FINANCIAL SERVICES
8 M/s AGS Transact
Technologies Limited,
Mumbai
DEFENCE PRODUCTION
9 M/s Amertec Systems
Pvt. Ltd., New Delhi
0.05
Nil
HOME AFFAIRS
10 M/s Pipavav Defence
and Offshore
Engineering Company
Ltd.
0.02
Nil
Nil
TELECOMMUNICATIONS
14 Augere Wireless
Broadband (I) Pvt. Ltd.
70.66 (already
brought in)
2.
2.54
0.009
Induction of foreign contribution in an Indian
company to carry out the business of single brand
retail trading.
7.65
1 M/s Mylan Laboratories An existing listed Indian pharma company with FDI to acquire entire
Ltd., Hyderabad
business of manufacturing from another existing Indian pharma
company.
2 M/s Muthoot Finance Company having FDI to set up White Label ATMs.
Limited, Kerala
3 M/s Euronet Services
India Pvt. Ltd.
4 M/s Empays Payment
System India Pvt. Ltd.,
Mumbai
5 M/s Dewsoft
Fabrication Private
Limited, New Delhi
6 M/s Punj Lloyd
3.
1 M/s Trakshun
Management
Consultants LLP
4.
The following 02 (Two) proposals have been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s Srei Infrastructure Finance Limited, Kolkata
2 M/s Stemcor Holdings Ltd.
5.
Sl.
No.
1 M/s Domino
Clarification regarding clause 6, 11 and 19 of FC approval dated
Printech Pvt. Ltd. 10.5.2012.
*****
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the June 6, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on May 20, 2011, Government has approved 16 Proposals of Foreign Direct Investment
amounting to ` 923.55 crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 20.05.2011
Following 16 (Sixteen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)
4.8
0.01
SHIPPING
3 M/s Oasis Shipping Pvt.
Ltd., Mumbai
Nil
URBAN DEVELOPMENT
4 M/s Tredegar Film
Products India Pvt. Ltd.,
Mumbai
Nil
0.99
3.75
DEFENCE PRODUCTION
8 M/s Park Controls &
Communications Ltd.,
Bangalore
0.10
5.00
1.81
500.00
TELECOMMUNICATIONS
13 M/s Mango Holding
Limited, Bangladesh
3.33
4 M/s Omega IceHill Pvt. Ltd. To issue shares for consideration other than inward
remittances.
3.76
HEAVY INDUSTRY
DEFENCE PRODUCTION
15 M/s Centum Electronics
Ltd., Bangalore
2.
400.00
5 M/s Precision Electronics To undertake the additional activity in the defence sector.
Pvt. Ltd.
6 M/s Hughes
Communications India
Ltd.
8 M/s NCBG Holdings, Inc., Induction of foreign equity in an Indian company to undertake the
Cayman Islands
manufacturing of wiring sets including wiring sets of a kind used in
vehicles, aircraft, ships or other machinery used in defence industry.
9 M/s Natixis Global Asset To invest by way of indirect foreign investment in Pension Fund
Management, France
Subsidiary.
10 M/s Pran Beverages
Induction of foreign equity by a company from Bangladesh.
(India) Pvt. Ltd., Kolkata
11 M/s Checkmate Services Induction of foreign equity in a company engaged in private security
Pvt. Ltd., Gujarat
services.
3.
14 M/s Interglobe
Enterprises Ltd.
4.
The following 02 (Two) proposals have been withdrawn from the Agenda.
Sl. No
5.
The following 02 (Two) proposals have been withdrawn from the Agenda on the request of the
applicants.
Sl. No
6.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposal is above ` 1200.00 crore.
Sl.
No
1
FDI/NRI inflows
(` In crore)
M/s Cals Refineries Ltd., To issue equity shares in the form 1425.00
Delhi & Haryana
GDRs against supply of refinery (against import of second hand
equipment.
machinery)
******
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the October 7, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on October 1, 2010, Government has approved 6 Proposals of Foreign Direct Investment
amounting to `. 5.46 Crore approximately.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 01.10.2010
Following 06 (Six) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` In crore)
No Inflow
No Inflow
2.24
4. M/s Hay House Publishers Ex-post facto approval for increasing the foreign equity
Pvt. Ltd.
participation in a company engaged in the printing of
foreign books and its distribution in India.
3.21
Nil
TELECOMMUNICATIONS
6. M/s Asergis Telecom
Services Pvt Ltd.,
Bangalore
2.
0.01
3.
6. M/s Telecordia
Technologies Inc. USA
7. M/s Flagship
Infrastructure Pvt. Ltd.,
Mumbai
To issue and allot equity shares against the advance money towards
exports to carry out the business of manufacturing MS steel ingots.
*****
No. 12(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 12th June, 2007.
PRESS RELEASE
( D.K. Singh)
Director (Inv. & FIPB )
To
Deputy Director General ( M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS (FT)
NIC (DEA)
Facilitation Counter
DIPP (FDI-Data Unit)
NOTICE
Applicants who want to get their approval letters collected
personally are requested to send their requests latest by 5.00 P.M.
on 14th June, 2007 at Fax No. 2309 4084. No further requests will
be entertained later and the approval letters would be sent by
SPEED POST.
The person who comes to collect the approval letters should be
properly authorized by the authorized signatory of the applicant or
the consultants of the company, if they have been authorized by the
company.
( D.K. Singh )
Director ( Inv. & FIPB)
FDI/NRI inflows
(Rs. In crore)
COMMERCE
1.
M/s. Kerstin Rohrig Bendorf, To set up a Wholly Owned Subsidiary to
0.05
Germany & Mr. Jean Pierre undertake export trading, involving sourcing
Avantario of France
the products from SSI units
2.
M/s.
Amalgamated Induction of foreign equity up to
Plantations Pvt. Ltd, Calcutta.
35
DEFENCE PRODUCTION
3.
M/s. B.F. Utilities Ltd., Pune
4.
6.5
No fresh inflow
HEAVY INDUSTRY
5.
M/s. Manitowoc Crane Group Induction of foreign equity upto
Asia Pte Ltd., Singapore
100% by way of acquisition of a
0.99
POSTS
4.12
Induction of foreign equity
upto 27.74% of the proposed
equity of the company on a
preferential basis and by way
of private placement from
M/s. Dunearn Investment
(Mauritius) Pte. Ltd. The
company is engaged in
courier services.
TOURISM
8
M/s. Carlson
Hotels Asia
Pacific Pvt. Ltd.
Australia
URBAN DEVELOPMENT
9
M/s. Starlight
Real Estate
(ASCOT)
Mauritius Ltd,
Mauritius
42.00
BIOTECHNOLOGY
10
M/s. Shantha
Biotechnics Ltd
HEAVY INDUSTRY
3.20
Transfer of shares from
resident to non-resident and
fresh issue of shares.
Company undertakes the
activities related to
recombinant DNA based biotech product.
11
M/s. Delta
Energy Systems
(India) Pvt. Ltd.
12
No fresh inflow
M/s. Nord Drive Amendment of existing
systems Ltd.
approval by change in the
restriction on minimum import
conten.t
INFORMATION TECHNOLOGY
13
M/s. Value
Source
Technologies
Pvt. Ltd.
TELECOMMUNICATIONS
14
M/s. Quipo
20% additional FDI by D.B.
telecom
Zwirn Special Opportunities
Infrastructure Ltd Fund, New York, in the
company engaged as
Infrastructure Provider IP-I
category.
20.00
INFORMATION TECHNOLOGY
15
M/s. I-Velozity
Inc. USA
To establish a WOS to
undertake developing
software to provide
Interactive content on
demand service.
2.25
ECONOMIC AFFAIRS
16
M/s.
Inverness Induction of foreign equity
upto 100% in a company
Medical
Innovations, Inc., working as SSI Unit engaged
in business of diagnostic kits
USA
etc. Proposal also involves
share swap.
0.14
COMMERCE
17
M/s. Khanna
Speciality Retail
and Distributors
Pvt. Ltd
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe15thJuly,2008
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
heldon8thJuly,2008,FinanceMinister,ShriP.Chidambaramhasapproved12ProposalsofForeign
Direct Investment amounting to Rs. 354.13 Crore approximately. The proposals relate to
Ministries/Departments, namely Commerce, Information Technology, Road Transport & Highways,
FinancialServices,IndustrialPolicy&Promotion,MinesandTelecommunication.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
To
TheDeputyDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
Applicants who want to get their approval letters collected personally are requested to send their
requestlatestby5.00P.M.on16thJuly,2008atFAXNo.23094084,23092477,23093558.Nofurther
requestswillbeentertainedlaterandtheapprovalletterswouldbesentbySPEEDPOST.
TheauthorisedpersonforcollectionofFCapprovalshouldcarryaphotoidentity,aproperauthority
letter,dulysignedbytheauthorisedsignatoryoftheapplicant/authorizedconsultant.Theauthority
lettershouldalsocontainaspecimensignatureoftheauthorizedperson.Approvallettershallnot
behandedovertopersonwithouttheabovedocuments.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
08.07.2008
Following12(twelve)caseshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.Incrore)
COMMERCE
1 M/sHammondHardware TosetupaJVCompanywithaforeignequityof51%to
Pvt.Ltd.,NewDelhi
manufactureitemsreservedforsmallscalesector.
0.55
ECONOMICAFFAIRS
2 M/sConsulting
EngineeringServices
(India)Pvt.Ltd.,Delhi
Notindicated
INFORMATIONTECHNOLOGY
3 M/sKLGSystelLtd.,
Gurgaon
ROADTRANSPORT&HIGHWAYS
4 M/sCostalProjectsPvt.
Ltd.,Hyderabad
Conversionofoperatingcompanyintoanoperatingcum
holding company and continuation of the equity
participation.
160.00
COMMERCE
5 M/sAvnetIndiaPvt.Ltd. Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
holdingcompany.
ECONOMICAFFAIRS
6 M/sStandardChartered Acquisition of additional equity either in the form of
Bank(Mauritius)Ltd.
Compulsorilyconvertiblepreferencesharesorbywayof
equitysharesandConversionofoperatingcompanyinto
an operating cum holding company. Proposal also
attractsPressNote1of2005.
19.45
FINANCIALSERVICES
7 M/sUniconFinancial
Intermediaries(P)Ltd.
120.00
INDUSTRIALPOLICY&PROMOTION
8 M/sMarubeni(I)Pvt.Ltd. Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
holdingcompanytomakedownstreaminvestment.
INFORMATIONTECHNOLOGY
9 M/sAurionproSolutions To issue equity shares and convertible warrants.
Ltd.
Transferofsharesbywayofshareswap.
53.65
MINES
10 M/sRioTintoExploration Deletionofconditioninlieuofpara3ofPressNote7of
NoFreshInflow
IndiaPvt.Ltd.
2008,initiallystipulatedbyFIPB.
TELECOMMUNICATION
11 M/sMarconi
Telecommunication(I)
Pvt.Ltd.
12 M/sSingtelAustralia
HoldingsPteLtd.,
Singapore
SettingupofJointventurecompanywithaforeignequity
up to 74% to undertake telecom services. Proposal
attractsPressNote1of2005series.
2.
0.48
Thefollowing8(eight)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sG4SCorporate
Conversion of existing status of operating company into foreign owned
ServicesIndiaPvt.Ltd.,
IndianHoldingCompanytomakedownstreaminvestment.
Gurgaon
2 M/sWinsomePropbuild Changeofstatustooperatingcumholdingcompanytomakedownstream
Pvt.Ltd.,NewDelhi
investment.
3 M/sG.P.RealtorsPvt.
Ltd.,NewDelhi
Changeofstatustooperatingcumholdingcompanytomakedownstream
investmentinpermittedactivities.
4 M/sGeldConsultancy
ServicesPvt.Ltd.,
Mumbai
5 M/sJTInternational
MauritiusPvt.Ltd.
Toundertakecashandcarrywholesaletradingfortheactivitiesforwhich
approvalfortestmarketingwasalreadyobtained
8 M/sDelightInvestments InductionofforeignequityintwoIndiancompaniesandtoconverttheir
PteLtd.,Singapore
statusfromoperatingcompanyintooperatingcumholdingcompanyfor
makingfurtherdownstreaminvestments
3.
Thefollowingone(1)proposalhasbeenrejected:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/sFreedomOpthaimic Issueof40%equitysharestotheNRIunderthesinglebrandretailtrading.
Pvt.Ltd.
4.
TheproposalofM/sHughesCommunication(India)Ltdhasbeenadvisedtoapplyafreshaspernew
policyguidelinesintelecomsector.
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe14thAugust,2008
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
heldon8thAugust,2008,FinanceMinister,ShriP.Chidambaramhasapproved9ProposalsofForeign
Direct Investment amounting to Rs. 294.46 Crore approximately. The proposals relate to
Ministries/Departments, namely, Commerce, Economic Affairs, Health, Industrial Policy &
Promotion,Information&Broadcasting,Petroleum&NaturalGas.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
To
TheDeputyDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
Applicants who want to get their approval letters collected personally are requested to send their
request latest by 5.00 P.M. on 18th August, 2008 at FAX No. 23094084, 23092477, 23093558. No
furtherrequestswillbeentertainedlaterandtheapprovalletterswouldbesentbySPEEDPOST.
TheauthorisedpersonforcollectionofFCapprovalshouldcarryaphotoidentity,aproperauthority
letter,dulysignedbytheauthorisedsignatoryoftheapplicant/authorizedconsultant.Theauthority
lettershouldalsocontainaspecimensignatureoftheauthorizedperson.Approvallettershallnot
behandedovertopersonwithouttheabovedocuments.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
08.08.2008
Following9(Nine)caseshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.Incrore)
COMMERCE
1 M/s.SondexA/S,
Denmark
TosetupaWOS.TheProposalattractsPressNote1of
2005series.
2.18
ECONOMICAFFAIRS
2 M/s.OrientGreenPower Change of status from operating company to operating
CompanyLimited,
cumholdingcompanytomakedownstreaminvestment. NoFreshInflow
Chennai
3 M/s.J.P.MorganIndia
PropertyMauritius
CompanyII,Mauritius
Tosubscribetoequitysharesandtoactasanoperating
cum holding company for downstream investments in
hotel,hospitalityandhospitalityservicesector.
99.99
TosetupaJV.Thecompanyisengagedinmanufacture
of High Quality Reagents for Hematology Analyzers for
distributionandsale.ProposalattractsPressNote1of
2005.
0.66
HEALTH
4 M/s.SpanDiagnostics
Ltd,Surat
INDUSTRIALPOLICY&PROMOTION
5 M/s.RioTintoSingapore The company is engaged in the manufacturing of
HoldingsPte.Ltd.
activated alumina. Proposal attracts Press Note 1 of
Singapore
2005.
148.57
INFORMATION&BROADCASTING
6 M/s.HathwayCable
SystemsPvt.Ltd
43.06
PETROLEUM&NATURALGAS
7 M/s.Berkeley
TodeletedivestmentconditionoftheFCapproval.The
PetrochemicalsPvt.Ltd. company is engaged in the activity of trading in NoFreshInflow
importedlubricants,fueladditivesandengineoils.
ECONOMICAFFAIRS
8 M/sWinsomePropbuild Change of status to operating cum holding company to
NoFreshInflow
Pvt.Ltd.NewDelhi
makedownstreaminvestment.
9 M/s.G.P.realtorsPvt.
Ltd.NewDelhi
2.
TheproposalofM/sHindalcoIndustriesLtd.,Mumbaihasbeenadvisedtoaccessautoroute.
3.
Thefollowing6(Six)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/s.McLeodRusselIndia To increase in the limit of total holdings ;of all FIIs/subaccounts of FIIs,
Limited,Kolkata
puttogether,from24%ofthepaidup(i)capitalofthecompanyto40%of
thepaidupcapitalofthecompany;and(ii)valueofrespectiveseriesof
convertibledebenturesofthecompanyto40%ofthepaidupvalueofthe
respective series of convertible debentures of the company. The
companyisengagedingrowing,manufacturingandsellingofbulktea.
2 M/s.PridhviAsset
Reconstructionand
SecuritizationCompany
IssueofsharestoNRIs.ThecompanyisengagedinAssetReconstruction
andSecuritisationactivities.
4.
Thefollowingtwo(2)proposalshavebeenrejected:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/s.ForumSynergies
(i) To accept contributions from the offshore Entity under the foreign
IndiaPEFundManagers directinvestmentrouteandtoissueClassBUnitsandClassCUnitstothe
P.Ltd.Bangalore
OffshoreEntity,
(ii)TosubscribetoUnitsinconsiderationofcontributionofassetsatthe
determined fair value, (iii) To make investments in existing securities of
the Indian companies in which FDI is permitted, and (iv) To distribute
income realized on investment under the automatic route, subject to
paymentofapplicabletaxesinIndia.
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated September 08, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on August 28, 2009, Government has approved 09 Proposals of Foreign Direct Investment
amounting to Rs. 74.61 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
August 28, 2009
Following 09 (Nine) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
ECONOMIC AFFAIRS
1 M/s Mundus Real Estates To repatriate the amount received from the foreign
investor to undertake construction development
Pvt. Ltd., Margao
activities, as the foreign investor cannot provide the
balance amount to meet the minimum capitalization
norms.
No Fresh Inflow
16.00
No physical
inflow.
0.01
HEAVY INDUSTRY
4 M/s Rescal S.A.S France
13.6
22.00
23.00
9 M/s Marconi
Telecommunications
(India) Pvt. Ltd.
2.
Nil
3 M/s Futuristic Diagnostic Ex-post facto approval for foreign investment in the company engaged in
Imaging Centre Pvt. Ltd., manufacturing of medical radioisotopes & Nuclear Medicine/Cancer
Bangalore
Imaging Centre.
4 M/s Nova Integrated
Systems Ltd., Mumbai
5 Mr. Alan Ian Sanderson & To acquire 100% capital for the business of advertisement along with
Mrs. Sandra Lesley Diane publication of Directories, Yellow Pages, Journals.
Day, UAE
6 M/s Jaipur IPL Cricket Pvt. To induct 100% foreign equity by way of issue of shares for consideration
Ltd., (JIPL), Mumbai
other than cash inflow.
7 M/s Opto Circuits (India)
Limited, Bangalore
8 M/s Vyoneesh
Technologies Pvt. Ltd.,
Delhi
3.
1 M/s Dynamic Alternatives To set up a Wholly Owned Subsidiary to carry out the business of Detective
Pty Ltd., Republic of
& Protective Services.
South Africa
2 M/s Aer Rianta
International cpt
3 M/s Redington (India) Ltd. (i) To extend the time limit for capitalizing the NBFC and (ii) to undertake
strategic investments in Indian unlisted and listed companies, and to
undertake portfolio investments in Indian listed companies.
4 M/s Goldman Sachs
(Mauritius) LLC
5 M/s Ventureeast Trustee To accept contributions into the Fund under the foreign direct investment
route and to issue Units; and to make investments in securities of the
Company Pvt. Ltd.,
Indian companies.
4.
The following 3 (Three) proposals have been withdrawn from the agenda.
Sl.
No
Item
No.
16
26
5.
The following 6 (Six) proposals have been advised to access automatic route.
Sl. Item
No No.
Name of the
applicant
FDI/NRI
inflows (Rs.
In Crore)
0.01
7 M/s Network18
Media &
Investments Ltd.,
Delhi
119.63
0.019
0.96
0.005
24 M/s Qatar General To increase foreign equity upto 62% for operating and
Petroleum
providing Helicopter services
Corporation
0.52
6.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as the
initial approval was granted by CCEA.
Sl. Item
No No.
1
Name of the
applicant
33 M/s Daimler AG
****
No.11(1)/2008FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the 8th October, 2008
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on 30th September, 2008, Finance Minister, Shri P. Chidambaram has approved 16 Proposals of
Foreign Direct Investment amounting to Rs. 794.37 Crore approximately. The proposals relate to
Ministries/Departments, namely, Commerce, Tourism, Economic Affairs, Information & Broadcasting,
and Heavy Industry.
Sd/
(Prabodh Saxena)
Director (FIPB)
23093558
Email: [email protected]
To
The Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
30.09.2008
Following 16 (Sixteen) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s. Sikora India Limited, To undertake trading of hitech items which require
New Delhi
sophisticated and specialized after sale services and
some degree of trading of new products as well as of
spare parts.
2 M/s. Persistent Systems
Ltd, Pune
No Fresh Inflow
4.97
3 M/s. Astellas Pharma Inc. To set up a wholly owned subsidiary to carry out sales
Japan
and marketing activities for its pharmaceutical products.
The proposal attracts Press Note 1 of 2005.
16.00
DEFENCE PRODUCTION
4 M/s. Speck Systems Ltd., To regularize FIIs investment made earlier in Defence
Sector.
Hyderabad
No Fresh Inflow
TOURISM
5 M/s. Rossell Tea Ltd,
Kolkata
10.25
ECONOMIC AFFAIRS
Transfer of shares from NRI to OCB in projects engaged
6 M/s. LMB Holding
(Mauritius) Ltd, Mauritius in the activities of Downlinking.
No Fresh Inflow
No Fresh Inflow
25.00
No Fresh Inflow
Chandigarh
50.00
11 M/s. Bhaskar Exxoils Ltd Conversion of operating company into an operating cum
holding company to make downstream investment.
100.00
12 M/s. Luxury Brands Retail Conversion of operating company into an operating cum
Pvt. Ltd. Mumbai
holding company to make downstream investment.
No Fresh Inflow
8.40
15 M/s. Shalom
Communications Ltd.
No Fresh Inflow
590.00
No Fresh Inflow
HEAVY INDUSTRY
16 M/s. Asia Motorworks
Holdings Ltd, Mumbai
2.
4 M/s. Asset
Induction of a new foreign collaborator and increase in the foreign equity
Reconstruction Co. (India) participation from 5% to 14.66% in the Asset Reconstruction.
Ltd.
5 M/s. Equant Network
Services India Pvt. Ltd.
8 M/s. Krishnapatnam Port Postfacto approval for the FDI already brought in under automatic route,
Company Ltd, Hyderabad which otherwise requires FIPB approval and to make downstream
investments in companies and/ or to establish subsidiaries in future.
3.
4.
2 (Two) proposals Viz., M/s. ABNAMRO Securities (India) Pvt. Ltd. and M/s Tata Motors Ltd.,
Mumbai advised to access automatic route
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the October 8, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on September 18, 2012, Government has approved 14 Proposals of Foreign Direct Investment
amounting to ` 113.35 crore approximately.
Sd/(P.K. Bagga)
OSD (CM&I)
Tele: 23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 18.09.2012
Following 14 (Fourteen) proposals have been approved.
Sl. Name of the applicant
No.
FDI/NRI
inflows
(` In crore)
CONSUMER AFFAIRS
1 M/s Alburaq Trading Induction of foreign equity into an LLP which deals in
LLP, Maharashtra
rice, black pepper, coffee, milk etc and other ancillary
business.
0.40
ECONOMIC AFFAIRS
2 M/s Neo Capricorn
Plaza Pvt. Ltd.,
Mumbai
3 M/s Cardo India Pvt.
Ltd., Mumbai
1.30
2.23 (already
brought)
Nil
Nil
PHARMACEUTICALS
9 M/s Calyx
Chemicals and
Pharmaceuticals
Limited, Mumbai
3.07
CONSUMER AFFAIRS
10 M/s Pipavav Defence
and Offshore
Enginerring
Company Ltd.
11 M/s Hay House
Publishers (India)
Pvt. Ltd.
Not indicated
Nil
2.5
PHARMACEUTICALS
13 M/s Advanced
Enzyme
Technologies Ltd.,
Maharashtra
14 M/s Dashtag, United
Kingdom
2.
9.76
68.22
Name of the
applicant
Post facto approval for induction of foreign equity to carry out the
business of Insurance broking, and risk advisory services.
2 M/s Acebright
(India) Pharma Pvt.
Ltd., Karnataka
3 M/s Erica Healthcare
Pvt. Ltd., Mumbai
Post facto approval for issuance of equity shares and approval for issue
of further shares to carry out the business of manufacturing of
pharmaceutical ingredients.
Increase in foreign equity engaged in the pharmaceutical sector.
4 M/s Adcock Ingram Induction of foreign equity to carry out the business of maintaining
Healthcare Pvt. Ltd., transactional support offices with respect to the healthcare and proposed
Bangalore
pharmaceutical manufacture, marketing and distribution of healthcare
and pharmaceutical products.
5 M/s Multi
Post facto approval for FDI received before issuance of Press Note 2 of
Commodity
2008. The company is engaged in the business of trading in
Exchange of India
commodities.
Pvt. Ltd.
6 M/s Augere Wireless Post facto approval for capitalisation of the expenses to carry out the
Broadband India Pvt. business of Broadband wireless services, internet services and other
Ltd.
telecommunication related services.
7 M/s Multi Screen
Induction of foreign equity to carry out the business of production of
Media Pvt. Ltd.
television programmes in India languages primarily for export, sale and
distribution of Indian language audio visual production. Downlink
certain TV channels.
9 M/s Deutsche
Investments India
Private Limited,
Mumbai
3.
The Delhi High Court, vide Order dated 1.8.2012, have disposed off the
matter with the direction that the application dated 2.3.2012 of M/s
KSK Energy Company Pvt Ltd filed before the FIPB, has to be
disposed off within 3 months i.e. by 30.11.2012 in accordance with law.
Proprietary trading as a part of tis existing NBFC activities.
Name of the
applicant
Post facto approval for allotment of equity shares against preincorporation expenses to carry out the business in the field of
information technology, e-commerce, computer software, and software
packages, products, customize software, embedded software, system
tools, information technology products, equipments.
2 M/s ECL
Past facto approval for capitalization of pre-incorporation and preEngineering Services operative expense to carry out the business of providing services to
India Pvt. Ltd.,
aluminium smelter equipments, repair and maintenance of mining,
Odisha
metallurgical equipments.
3 M/s IPsoft
To set up an LLP to provide IT /IT enabled services.
Netherland BV
4 M/s Filtrex
Technologies Pvt.
Ltd., Bangalore
Post facto approval for allotment of shares against (i) technical transfer
fee (ii) management service fee to carry out the business of
manufacturing of Activated Carbon Blocks and Surface Modification of
Activated Carbon Granules used in Water Purification Industries.
5 M/s Endurance
To set up an LLP to carry out the business of web hosting, domain
International Group names and related services and other online applications and services
Inc., USA, M/s
such as website design, email services, project management and website
Endurance Singapore security.
Holdings Pte. Ltd.,
Singapore
6 M/s Atlas Equifin
Conversion of non repatriable investment into repatriable investment
Pvt. Ltd., Mumbai
made by an erstwhile OCB and investment under rights issue in an
investing company.
7 M/s British Marine To issue equity shares equivalent to the net purchase consideration
India Pvt. Ltd.,
payable to Branch office of the foreign company.
Mumbai
*****
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 22nd April , 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 9th April, 2008, Finance Minister, Shri P. Chidambaram has approved 13
proposals of Foreign Direct Investment amounting approximately to Rs. 657.01 crore. The
proposals relate to Ministries/Departments, namely Commerce, Heavy Industry, Industrial Policy
& Promotion, Information & Broadcasting, Road Transport & Highways and Defence Production.
The major investment proposals pertain to the Ministries/Departments of Heavy Industry,
Information & Broadcasting and Road Transport & Highways.
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 23rd April, 2008 at
Fax No.2309 4084/2309 2477/23094172 No further requests will be
entertained later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
TheFollowing(13)caseshavebeenapproved.
Sl.No.Nameofthe
applicant
Particularsoftheproposal
FDI/NRI
inflows(Rs.In
crore)
15.00
11.84
45.00
0.01
120.00
0.44
199.25
225.00
Nofresh
inflow
Nofresh
Inflow
11 M/s.Springer DeletionofclausewithregardtoRoyaltyinthe
(India)Pvt.Ltd. existingapproval
Nofresh
Inflow
Rs.657.01
2.
Thefollowing(5)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameofthe
Particularsoftheproposal
applicant
1
M/s.ECO
IssueofsharesofthecompanyinlieuofpaymentsmadebyNRIs
NirmanPvt.Ltd.
2
M/s.Peak
Issueofsharesinlieuofcapitalizationofpre
Database
incorporation/preliminaryexpenses
SolutionsPvt.
Ltd.Mumbai
3
M/s.Peak
Issueofsharesinlieuofcapitalizationofpre
Database
incorporation/preliminaryexpenses
Alliance
ServicesPvt.
Ltd.Mumbai
4
M/s.Ashwini
Inductionofforeignequitybeyond24%inasmallscaleindustrial
SteelPvt.Ltd. unit.ThecompanyisnotengagedinanySSIreservedactivity
5
Increaseinforeignequityfrom40%to73.45%inacompanyengagedinILD
M/s.Meta
andNLDServices
TelecomPvt.
Ltd.NewDelhi
3.Thefollowing(2)proposalhasbeenrejected:
Sl.No Nameofthe
Particularsoftheproposal
applicant
1
M/s.future
Inductionofforeignequityupto49%byFIIs,NRIs,FVCIs,multilateral
VenturesIndia andbilateraldevelopmentfinancialinstitutionsandothereligiblenon
Ltd,Mumbai
residentsinacompanyproposedtobeengagedinmaking
investmentsinequity,equityrelatedand/orothersecuritiesinlisted
andunlistedcompanies
M/s.Starlight
RealEstate
(Orlanda)
MauritiusLtd,
Mauritius
Prematurerepatriationofinvestmentbeforethemandatorylockin
periodof3yearsmadeundertheactivitiesrelatingPressNote2
(2005series)
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 15th May, 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 9th May, 2008, Finance Minister, Shri P. Chidambaram has approved 18
proposals of Foreign Direct Investment amounting approximately to Rs. 1820.84 crore. The
proposals relate to Ministries/Departments, namely Heavy Industry, Higher Education, Industrial
Policy & Promotion, Information & Broadcasting, Information Technology, Telecommunications,
Tourism and Economic Affairs.
The major investment proposals pertain to the
Ministries/Departments of Heavy Industry, Higher Education, Information & Broadcasting,
Industrial Policy & Promotion and Economic Affairs.
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 18th May, 2008 at
Fax No.2309 4084/2309 2477 No further requests will be entertained later
and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
DetailsofproposalsconsideredintheFIPBMeetingheldon9.5.2008
Following Nineteen (18) cases have been recommended for the consideration and
approvalofFM.
Sl.No.Nameofthe
Particularsoftheproposal
FDI/NRIinflows
applicant
(Rs.Incrore)
HEAVY INDUSTRY
1. M/s.Freightcar
AmericaInc.USA
10 M/s.RPM
Induction of foreign equity by way of
InternationalInc.USA subscribingtowarrantstobeconvertedinto
equity shares. The company is engaged in
thebusinessofmanufacturingofpolymers
HIGHER EDUCATION
11 M/s.Manipal
Induction of foreign equity in a holding
UniversalLearning company.
Pvt.Ltd.
INDUSTRIAL POLICY & PROMOTION
12 M/s.CobraIndian ChangeinthestatusoftheIndiancompany
BeerPvt.Ltd.
from operating company into operating
cumholding company and to make
downstreaminvestmentbywayofacquiring
up to 76% of the paid up capital of M/s.
IcebergIndustriesLimited
TOURISM
13 M/s.BlueRidge
Change in the status of operating company
HotelsPvt.Ltd
intoanoperatingcumholdingcompanyand
to make downstream investments in
permittedactivities
TELECOMMUNICATIONS
14 M/s.VodafoneEssar Conversion of operating company into an
Limited
operating cum holding company to make
downstream investment in a company
engagedinIPIcategory
15 M/s.Devas
Expostfacto approval for change in the
MultimediaPvt.Ltd. status of operating company into an
operating cum holding company for making
downstreaminvestments
INFORMATION TECHNOLOGY
16 M/s.NAVTEQ
TosetupaWOStoundertaketheactivities
Corporation,USA
of developing and distributing digital maps
and related locationbased data used in
mobile navigation systems and other
navigationandGISapplications
INFORMATION & BROADCASTING
17 M/s.HTMedia
Transferofsharesbywayofshareswap
Limited
25.55
1435.00
US$350million
20.50
US$5million
Nofreshinflow
Nofreshinflow
Nofreshinflow
0.41
Nofreshinflow
ECONOMIC AFFAIRS
18 M/s.IndivisionIndia Induction of foreign equity in a company 120.04
Partners,Mauritius engaged in Merchant Banking and other
NBFCactivities
Total
Rs.1820.84
3.Thefollowingtwo(2)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1 M/s.DLFLimitless
Issueofsharesinlieuofpreincorporationexpenses
DevelopersPrivate
Limited,NewDelhi
2 M/s.PepsicoIndia
Deletionofdivestmentconditionextensionoftime
HoldingPvt.Ltd.
foreffectingthesame
The proposal of M/s. Aktiebolaget Volvo (publ), Sweden( Regn. No. 99/2008) has been
recommendedfortheconsiderationofCCEA,astheinvestmentinvolvedintheproposalis
aboveRs.600.00crore.
TheapplicantsintheproposalofM/s.LOTTEConfectioneryCo.Ltd.KoreaandM/s.ICICI
SecuritiesLtd,Mumbaihavebeenadvisedtoaccessautomaticroute,astheproposalsdo
notrequiretheapprovalofFIPB.
The proposal of M/s. RMZ Infotech (Pvt.) Ltd. Bangalore has been withdrawn from the
Agendaontherequestoftheapplicant
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the June 9, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on May 31, 2010, Government has approved 17 Proposals of Foreign Direct Investment
amounting to Rs. 569.41 Crore approximately.
(A.K. Srivastava)
Under Secretary to the Government of India
Telephone: 23094979
Fax : 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 31.05.2010
Following 17 (Seventeen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)
COMMERCE
2 Mr. Matteo Basso
3 M/s C&J International
Ltd.
0.49
19.00
0.34
122.10
0.04
ECONOMIC AFFAIRS
7 M/s Universal Music India Approval for downstream investment through partly paid
Pvt Ltd.
shares.
Nil
9 M/s Haymarket Media (I) To publish specialist magazines under the title Family
Pvt Ltd.
Physician and FourFour Two.
Nil
Nil
350.00
Nil
TOURISM
13 M/s DLF Hilton Hotels
Limited
Nil
URBAN DEVELOPMENT
14 M/s Strawberry
Constructions Pvt. Ltd.,
Mumbai
25.00
15.28
0.40
17 M/s Geomysore Services Ex-post-facto approval for issue of partly paid convertible
(India) Pvt Ltd.
options to undertake minerals exploration, prospecting
and mining for gold nickel, platinum, copper, zinc, lead,
silver, diamonds, iron, chromium and cobalt.
36.76
ECONOMIC AFFAIRS
16 M/s Freedom Opthalmic
Pvt Ltd
MINES
2.
12 M/s Transcend
Infrastructure Limited
3.
19 M/s Telcordia
Technologies Inc. USA
Increase in the foreign equity from 49% to 74% in the telecom sector.
Sl.
No
1 M/s Shanbagam Estate
Private Limited, Chennai
7 M/s UE Development
India Pvt Ltd.
Ex-post facto approval for the allotment of share against the remittances
received as advance payments toward exports.
To issue and allot equity shares against the advance money towards
exports to carry out the business of manufacturing MS steel ingots.
To increase in foreign shareholding from 50% to 74%.
The following 01 (One) proposal has been advised to access automatic route.
Name of the applicant
Particulars of the proposal
Sl.
No
1 M/s Soma-Isolux NH One Transfer of shares from NR to NR. The company is
Tollway Pvt. Ltd., Gurgaon engaged in the business of construction and
development of Highways.
FDI/NRI inflows
(Rs. In Crore)
Nil
5.
In the following 01 (One) proposal modification of the previous approval has been recommended:
Sl. Name of the applicant
Particulars of the proposal
FDI/NRI inflows
No.
(Rs. In Crore)
1
M/s Mitsui & Co. Ltd., To set up a WOS. The proposal attracts Press Note 1 of
Japan
2005 (now para 4.2.2 (and its sub paras) of the Circular No.
1 of 2010 of Consolidated FDI Policy).
326.00
6.
In the following 01 (One) proposal request for revocation of the approval granted earlier has been
rejected:
Sl. Name of the applicant
Particulars of the proposal
FDI/NRI inflows
No.
(Rs. In Crore)
1
Nil
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the August 9, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on July 30, 2010, Government has approved 12 Proposals of Foreign Direct Investment
amounting to Rs. 2305.835 Crore approximately.
(P.K. Bagga)
OSD (CM&I)
23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 30.07.2010
Following 12 (Twelve) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)
ECONOMIC AFFAIRS
1 M/s Daiwa Securities
Capital Markets Co. Ltd.,
Japan
34.875
TOURISM
2 M/s MPM Hotels Limited,
Hyderabad
40.84
28.12
30.00
Nil
50.00
DEFENCE
Nil
ECONOMIC AFFAIRS
8 M/s KKR Mauritius Cement Induction of foreign equity in an investing company.
Investments, Ltd.,
Mauritius
715.00
FINANCIAL SERVICES
9 M/s Shriram City Union
Finance Limited, Chennai
696.80
160.00
HEALTH
11 M/s Alexandria Real Estate To set up of a WOS to operate and manage fully furnished,
Equities, Inc., USA
staffed and equipped facilities for medical professionals.
500.00
2.
50.20
Sl.
Name of the applicant
Particulars of the proposal
No
1 M/s Lakshmi Machine
To undertake activities of manufacture parts, components and accessories
Works Ltd., Tamil Nadu
for aircraft and spacecraft to be supplied to civil and defence sectors.
2 M/s Kal Media Services
Pvt. Ltd., Chennai
3 M/s Jeevan Telecasting Co Ex-post-facto approval to ratify the NRI investment to carry out the
Ltd
uplinking of news and current affairs channel.
4 M/s DLF Limitless
Developers Pvt. Ltd., Delhi
5 M/s Karuturi Global
Limited, Bangalore
6 M/s Advanta India Limited, To issue and allot Rights Equity Shares, CCPS and Warrants to carry out the
Hyderabad
business of research, development, production, distribution and marketing
of hybrid agricultural field crop seeds and plant seed.
7 M/s Verizon
Transfer of equity shares from non-resident shareholder to non-resident
Communications India Pvt. group in Telecom Sector.
Ltd.
8 M/s Pran Beverages (India) Induction of foreign equity by a Bangladeshi company.
Pvt. Ltd., Kolkata
9 M/s Zee Entertainment
Enterprises Ltd
13 M/s Essar Capital Holdings Acquisition of equity shares by way of subscription to new equity shares
(India) Ltd., Mumbai
and/or purchase of existing equity shares in an investing company engaged
in the telecom sector.
14 M/s Alan Dick & Company To undertake the additional activity relating to infrastructure provider (IP
(India) Pvt. Ltd., Thane
Category I).
15 M/s UTStarcom India
Telecom Pvt. Ltd
3.
Sl.
Name of the applicant
Particulars of the proposal
No
1 M/s DVA India Chemicals Ex-post-facto approval for the issuance of Equity Shares against the pre
Pvt. Ltd., Mumbai
incorporation expenses to carry out the business of crop protection
chemicals.
2 M/s Alligator Ventilfabrik To set up a wholly owned subsidiary as an Investing Company.
GmbH, Germany
3 M/s Simplast India Pvt.,
Ltd.
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the January 10, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on December 23, 2011, Government has approved 20 Proposals of Foreign Direct Investment
amounting to ` 1935.24 crore approximately.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 23.12.2011
Following 20 (Twenty) proposals have been approved.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` in crore)
COMMERCE
1 M/s Christian
Louboutin S.A.
France
2.55
CONSUMER AFFAIRS
2 M/s Funderburk 2
Mauritius Ltd.,
Mauritius
13.75
ECONOMIC AFFAIRS
3 M/s Pipe Supports
Group Limited,
United Kingdom
0.01
FINANCIAL SERVICES
4 M/s Financial
Ex Post-facto approval for the subscription to equity shares
Inclusion Network & without satisfying the minimum capitalization requirements for
Operations Ltd.,
FDI in NBFCs.
Mumbai
5 M/s Equitas Micro
Approval for demerging of microfinance business with its
Finance India Private WoS. Post the demerger, the activity of the company will be
Limited, Chennai
NBFC-Core Investment Company.
6 M/s DMI Finance
Induction of foreign equity to carry out the business of
Private Limited, Delhi securitization and asset reconstruction.
0.24
230.70
20.66
200.00
1.38
12.00
1150.00
URBAN DEVELOPMENT
11 M/s Matrix Sociis
Holdings Limited,
Mumbai
12 M/s Elpro
International Ltd.,
Mumbai
64.67
TELECOMMUNICATIONS
13 M/s Shyam Internet
Services Ltd.
Nil
0.10
COMMERCE
14 M/s Rahimafrooz
Batteries Ltd.,
Bangladesh
ECONOMIC AFFAIRS
15 M/s Jalgaon
Ex-post-facto approval to act as an investing company.
Investments Pvt. Ltd.,
Mumbai
135.55
HIGHER EDUCATION
16 M/s Copper Beech
Infrastructure Pvt.
Ltd., Delhi
3.83
65.00
9.80
HOME AFFAIRS
19 M/s Verizon
Communications
India Pvt. Ltd.
Transfer of equity shares from non-resident shareholder to nonresident group company in Telecom Sector.
Nil
TELECOMMUNICATIONS
20 M/s SDP Telecom
(India) Pvt. Ltd.,
Kanchipuram
2.
Post facto approval for issue of warrants to carry out the business of import,
export, trading and distribution of metals and chemical products, power
generation.
Increase in foreign equity. The company is engaged in the pharmaceutical
sector.
To invest in the units of a FUND, constituted as a Trust.
Ex-post facto approval for the initial capital made by two resident Indians on
behalf of the foreign company to undertake design, development and testing
services for GPS Chips Sets.
3.
10 M/s M and C Rakindo Ex-post-facto approval to issue and allot partly paid up shares to carry out the
Hospitality Pvt. Ltd., business of development, construction ownership, management, sale and/ or
Coimbatore
lease of hotel projects in India.
4.
Sl.
No
The following 1 (One) proposal has been withdrawn from the agenda:
Name of the
Particulars of the proposal
applicant
FDI/NRI
inflows
(` in crore)
No Fresh
Inflow
5.
In the following 01 (One) proposal, FIPB recommended that the applicant may be advised to
approach MI&B:
Sl.
No.
Name of the
applicant
1 M/s Omnimedia SL
6.
Sl.
No
1 M/s MNP
Interconnection
Telecom Solutions
India Pvt. Ltd.
FDI/NRI
inflows
(` in crore)
No Fresh
Inflow
FDI/NRI
inflows
(` in crore)
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the February 10, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on January 20, 2012, Government has approved 20 Proposals of Foreign Direct Investment
amounting to ` 1034.371 crore approximately.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 20.01.2012
Following 20 (Twenty) proposals have been approved.
Sl. Name of the applicant
No.
FDI/NRI inflows
(` In crore)
COMMERCE
1 M/s Canali Holding S.P.A, To set up a JV company with 51% foreign equity
Italy
participation for single-brand retailing.
7.65
0.50
CONSUMER AFFAIRS
3 M/s Interactive Brokers To set up a WoS in India to carry out the business of
(India) Pvt. Ltd., Mumbai commodity broking business.
No fresh inflow
ECONOMIC AFFAIRS
4 M/s Deltronix India
Limited
9.00
1.28
25.00
Nil
4.45
400.00
Nil
INFORMATION TECHNOLOGY
11 M/s Outsourcepartners
International Private
Limited, Bangalore
12 M/s Cigniti Technologies Transfer of shares by way of share swap to carry out the
Ltd., Hyderabad
business of IT Services, software development.
0.001
Nil
POST
13 M/s Amazon Asia-Pacific To set up a WoS to undertake the business of courier
Resources Pvt. Ltd.,
services and related logistics/transportation services.
Singapore
15.00
47.95
0.01
ECONOMIC AFFAIRS
16 M/s APF II India
Investments Pvt. Ltd.,
Mauritius
FINANCIAL SERVICES
17 M/s Oxigen Services
Ex-post-facto for induction of foreign investment to
(India) Pvt. Ltd., Gurgaon carry out the business of providing B2B Services like
mobile, DTH & Broadband Recharges, Bill payments,
Travel and Ticketing, both by rail and air.
1.06
Nil
PHARMACEUTICALS
19 M/s Edict
Transfer of 100 percent equity to foreign investor. The
Pharmaceuticals Pvt. Ltd. company is engaged in the pharmaceutical sector.
171.53
POWER
20 M/s Multiples Private
Equity Fund I Limited,
Mauritius
50.94
2.
Post facto approval for (i) increase in the paid up capital and (ii) write off
of share application amounting received from foreign investor.
12 M/s Fine Publishing India Induction of foreign equity to carry out the business of publishing specialty
Pvt. Ltd.
technical magazines covering the subject of wine and champagne.
3.
4.
The following 1 (One) proposal has been withdrawn from the agenda on the request of the
applicant:
Sl.
No
1 M/s Ordain Health Care Induction of foreign equity to carry out the business in
Global Pvt. Ltd., Chennai pharmaceutical sector.
*****
FDI/NRI inflows
(` in crore)
48.30
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the October 10, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 170th
meeting held on September 30, 2011, Government has approved 11 Proposals of Foreign Direct
Investment amounting to ` 182.78 crore approximately.
In addition, three proposals viz (i) M/s Energy Grid Automation Transformers and Switchgears
India Ltd., Gurgaon (` 2000 crore), (ii) M/s Grid Equipments Ltd., Gurgaon (` 4500 crore) and (iii)
M/s Walt Disney Company (Southeast) Asia Pte Ltd. (` 1638.40 crore) total amounting to ` 8138.40 crore,
have been recommended for consideration of Cabinet Committee on Economic Affairs.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 30.09.2011
Following 11 (Eleven) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)
COMMERCE
1 M/s Delsey India Pvt. Ltd. Induction of foreign investment to engage in the
business of single brand retailing.
0.0051
ECONOMIC AFFAIRS
2 M/s Janoschka Holding
GmbH, Germany
0.16
39.36
POWER
4 M/s Gita Power &
Infrastructure Pvt. Ltd.,
Chennai
No fresh inflow
Nil
TELECOMMUNICATIONS
6 M/s Augere Wireless
Capitalization of pre-incorporation expenses.
Broadband India Pvt. Ltd.
54.00
CONSUMER AFFAIRS
7 M/s Ace Derivatives and
Commodity Exchange
Limited, Mumbai
10.53
8 Mr. Ankit N Patel, Gujarat Induction of foreign investment in the proposed LLP for
undertaking the activity of wholesale trading and
distribution of baby care products in India including B2B
e-commerce trade.
4.59
ECONOMIC AFFAIRS
16.45
26.20
2.
31.49
M/s Flemingo Dutyfree To increase foreign equity upto 100% to carry out the business of duty
Shop Pvt. Ltd.
free shop.
M/s Springer India Pvt. To increase foreign equity upto 100% to carry out the business of
Ltd.
publishing and re-printing of scientific, technical, medical and other nofiction books in electronic and printed forms in any language.
M/s Reed Elsevier India To undertake the additional activity relating to the business of publishing
Pvt. Ltd.
and co-publishing (in and outside India), including digital publishing,
printing, reprinting, adaptation, article reprinting, repackaging,
translation, distribution of scientific, technical, medical, specialty and
research journals/magazines/periodicals in any media including print
media
3.
M/s Aspocomp
Electronics India Pvt.
Ltd., Chennai
M/s Hughes
Communications India
Ltd.
4.
The following 03 (Three) proposals have been recommended for the consideration of CCEA, as the
investment involved in the proposals is above ` 1200.00 crore:
Sl. Name of the applicant
Particulars of the proposal
No
1
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the January 11, 2013
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on December 21, 2012, Government has approved 14 Proposals of Foreign Direct Investment
amounting to ` 1310.60 crore approximately.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 21.12.2012
Following 14 (Fourteen) proposals have been approved.
Sl. Name of the applicant
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Kama Schachter Post facto approval at the instance of RBI for having
Jewelry Pvt. Ltd.,
made a downstream investment in Oct 2007 in the field of
Mumbai
import & export of diamonds.
Nil
PHARMACEUTICALS
2 M/s Saurav
Chemicals Ltd.,
Punjab
3 M/s Aanjaneya
Lifecare Limited,
Mumbai
4 M/s Gavis Pharma
LLC., USA
5 M/s Syngene
International
Limited, Bangalore
14.85
405.00
73.75
125.00
SHIPPING
6 M/s Hindustan Port
Pvt. Ltd., Mumbai
440.00
URBAN DEVELOPMENT
7 M/s CapitaRetail
Mysore Mall
(Mauritius) Limited,
Mauritius
8 M/s CapitaRetail
Mangalore Mall
(Mauritius) Limited,
Mauritius
9 M/s CapitaRetail
Mangalore Mall
(Mauritius) Limited,
Mauritius
Nil
Nil
Nil
PHARMACEUTICALS
10 M/s Ordain Health
Care Global Private
Limited
40.00
CORPORATE AFFAIRS
11 M/s Arshiya
International Pvt.
Ltd.
2.00
ECONOMIC AFFAIRS
12 M/s Man Chung Lim To issue equity shares against foreign remittance made as
Granites India Pvt. pre-operative expenses for security deposit and import of
Ltd.
machinery for raising, purchase and export of Granite
stones under 100% EOU scheme.
Nil
0.0025
URBAN DEVELOPMENT
14 M/s Excedo Reality
Fund-I Acting
through its
Investment Manager
Athamus Venture
Management Pvt.
Ltd., Bangalore
2.
210.00
Sl.
No
3.
Sl.
No
4.
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl. Item
Name of the applicant
No No.
1
4 M/s Trakshun Management Consultants LLP
5.
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 11, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on August 24, 2012, Government has approved 21 proposals of Foreign Direct Investment
amounting to ` 2410 crore approximately.
2.
These include 8 proposals relating to FDI in brownfield pharmaceuticals sector, mentioned at
S. Nos. 13 to 20, which were deferred in earlier meetings. The pharma cases have been approved,
subject, inter alia, to the following three conditions: (i) The quantitative level of NLEM (National List
of Essential Medicines) drugs production annually at the time of induction of foreign investment will
be maintained at that level for the next 5 years. The level would be defined as the highest annual
production level of NLEM drugs in quantitative terms, in any of the three years preceding the
induction of foreign investment. Appropriate information, in the form and manner as prescribed in this
regard by the administrative ministries concerned, must be supplied; (ii) The Research &
Development expenses annually incurred by the investee company at the highest level in the 3
preceding years to the induction of foreign investment will be maintained in value terms annually over
the next 5 years post induction of FDI. The Investee Company would be required to provide
appropriate information, in the form and manner as prescribed in this regard by the administrative
ministries concerned; and (iii) the administrative ministries concerned and the FIPB secretariat will be
provided complete information pertaining to the transfer of technology, if any, along with induction of
foreign investment into the investee company.
Sd/(P.K. Bagga)
OSD (CM&I)
Tele: 23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 24.08.2012
Following 21 (Twenty one) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
0.98
(already
brought in)
FINANCIAL SERVICES
2 M/s City Union Bank
Limited, Tamil Nadu
2.58 (approx.)
MINES
4 M/s Leighton
International Projects
(India) Pvt. Ltd.,
Mumbai
COMMERCE
5 M/s Rickshaw Delivery To enhance the NRI investment on non-repatriable
basis to carry out the business of export trading
through partnership firm.
1.25
CONSUMER AFFAIRS
6 M/s Arani Agro Oil
Industries Ltd
No inflow
Nil
TELECOMMUNICATIONS
10 M/s Asergis Telecom
Services Pvt., Ltd
Nil
0.009
ECONOMIC AFFAIRS
11 M/s Al Shukur
Company For
Engineering And
Construction LLP,
Vadodara
FINANCIAL SERVICES
12 M/s Paragon Asset
Reconstruction Pvt.
Ltd., Mumbai
0.57
58.85
200.00
372.36
248.40
(approx)
100.00
800
12.50
Limited, Delhi
20 M/s Zim Laboratories
Limited, Nagpur
50.44
TELECOMMUNICATIONS
21 M/s Sterlite Networks
Limited, Dadar and
Nagar Haveli
2.
12 M/s Verga Attachments Ex-Post facto approval to allot Compulsorily Convertible Debenture
Pvt. Ltd., Karnataka
against amount received through invocation of bank guarantee to
carry out the business of manufacturing of parts and accessories,
necessary for machinery/equipment used by construction and mining
industries.
4.
In the following 02 (Two) proposals, FIPB recommended that the applicant may be
advised as mentioned below:
Sl.
No.
Name of the
applicant
Recommended advice
FDI/NRI
inflows
(` in crore)
5.
The following 02 (Two) proposals have been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s Mathworks India Pvt. Ltd., Bangalore
2 M/s Atlas Equifin Pvt. Ltd., Mumbai
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 11, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on August 24, 2012, Government has approved 21 proposals of Foreign Direct Investment
amounting to ` 2410 crore approximately.
2.
These include 8 proposals relating to FDI in brownfield pharmaceuticals sector, mentioned at
S. Nos. 13 to 20, which were deferred in earlier meetings. The pharma cases have been approved,
subject, inter alia, to the following three conditions: (i) The quantitative level of NLEM (National List
of Essential Medicines) drugs production annually at the time of induction of foreign investment will
be maintained at that level for the next 5 years. The level would be defined as the highest annual
production level of NLEM drugs in quantitative terms, in any of the three years preceding the
induction of foreign investment. Appropriate information, in the form and manner as prescribed in this
regard by the administrative ministries concerned, must be supplied; (ii) The Research &
Development expenses annually incurred by the investee company at the highest level in the 3
preceding years to the induction of foreign investment will be maintained in value terms annually over
the next 5 years post induction of FDI. The Investee Company would be required to provide
appropriate information, in the form and manner as prescribed in this regard by the administrative
ministries concerned; and (iii) the administrative ministries concerned and the FIPB secretariat will be
provided complete information pertaining to the transfer of technology, if any, along with induction of
foreign investment into the investee company.
Sd/(P.K. Bagga)
OSD (CM&I)
Tele: 23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 24.08.2012
Following 21 (Twenty one) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
0.98
(already
brought in)
FINANCIAL SERVICES
2 M/s City Union Bank
Limited, Tamil Nadu
2.58 (approx.)
MINES
4 M/s Leighton
International Projects
(India) Pvt. Ltd.,
Mumbai
COMMERCE
5 M/s Rickshaw Delivery To enhance the NRI investment on non-repatriable
basis to carry out the business of export trading
through partnership firm.
1.25
CONSUMER AFFAIRS
6 M/s Arani Agro Oil
Industries Ltd
No inflow
Nil
TELECOMMUNICATIONS
10 M/s Asergis Telecom
Services Pvt., Ltd
Nil
0.009
ECONOMIC AFFAIRS
11 M/s Al Shukur
Company For
Engineering And
Construction LLP,
Vadodara
FINANCIAL SERVICES
12 M/s Paragon Asset
Reconstruction Pvt.
Ltd., Mumbai
0.57
58.85
200.00
372.36
248.40
(approx)
100.00
800
12.50
Limited, Delhi
20 M/s Zim Laboratories
Limited, Nagpur
50.44
TELECOMMUNICATIONS
21 M/s Sterlite Networks
Limited, Dadar and
Nagar Haveli
2.
12 M/s Verga Attachments Ex-Post facto approval to allot Compulsorily Convertible Debenture
Pvt. Ltd., Karnataka
against amount received through invocation of bank guarantee to
carry out the business of manufacturing of parts and accessories,
necessary for machinery/equipment used by construction and mining
industries.
4.
In the following 02 (Two) proposals, FIPB recommended that the applicant may be
advised as mentioned below:
Sl.
No.
Name of the
applicant
Recommended advice
FDI/NRI
inflows
(` in crore)
5.
The following 02 (Two) proposals have been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s Mathworks India Pvt. Ltd., Bangalore
2 M/s Atlas Equifin Pvt. Ltd., Mumbai
*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 23rd January, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion
Board (FIPB) in its meeting held on 12th January, 2007, Finance Minister,
Shri P. Chidambaram has approved 23 proposals of Foreign Direct
Investment amounting to Rs.5910.66 crore. The proposals relate to
Ministries/Departments, namely, Commerce, Industrial Policy &
Promotion,
Information
&
Broadcasting,
Power,
Shipping,
Telecommunications,
Tourism, and Economic Affairs.
The major
investment proposals pertain to the Ministry/Departments of Power,
Telecommunications and Economic Affairs.
Sd/( P.K. Bagga )
OSD (CM&I)
To
Addl. Principal Information Officer,
(Shri B.S. Chouhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP ( FDI-Data Unit )
Activity
Location
Kolkata
Particulars of the
proposal
FDI/NRI
Inflows
(Rs. In
crore)
COMMERCE
1
New WOS
New JV
M/s. Haier Telecom (I) P. Ltd
862 Udyog Vihar, Phase V
Gurgaon 122 016
To set up a business of
duty free shops and to
undertake import and
sale of comprehensive
range of both men and
women high quality
Swiss watches and
watch accessories
Marketing and
distribution of Haier
brand Mobile phones
(Including CDMA and
GSM) marketing and
To set up a new
JV with a foreign
equity of 90% for
warehousing and
export. . Proposal
attracts
Press
Note 1 (2005
series)
Kolkata
Induction
of
foreign
equity
upto 100% in a
company
engaged
in
various
trading
activities.
Airports, To set up a WOS
seaports to undertake the
and any
business of duty
other duty free shops at
free area airports, seaports
permissible and SEZ.
under the
policy
New
To set up a new
Delhi
Joint
Venture
company with a
foreign equity of
51%
for
1.80
5.00
2.51
1.12
distribution of Haier
series FWP, software
development and other
related activities
marketing
and
distribution
of
Haier
brand
mobile phones.
Manufacture of leather
shoe uppers
Chennai
To set up a
manufacturing
unit for leather
shoes upper with
a foreign equity
of
96.15%.
Proposal attracts
Press Note 1
(2005 series)
0.25
Manufacturing
engineering products
especially Building
Hardware/Stainless
Steel Hinges, a small
scale reserved item
Valsad,
Gujarat
Allotment of equity
shares in lieu of the
value of the second
hand
machinery
imported from the
foreign collaborator.
No fresh
inflow
POWER
7
TELECOMMUNICATIONS
investment and to
convert
the
operating company
into operating-cumholding company in
the
area
of
renewable energy.
200.00
Telecommunication
Infrastructure Provider
category (IP-I) business
Mumbai
To
make
downstream
investment upto
100%
in
a
company
engaged
in
Telecommunicati
on Infrastructure
Provider
category (IP-I)
45.00
Bangalore
Run, purchase, build,
take on lease or in
exchange or otherwise
acquire, let out on
lease, hire existing or
new Star Hotels like 3
Star, 5 Star Grades,
lodging houses, hotels,
guest houses and all
kinds of related
activities
Induction
of
foreign equity in
hotel
sector.
The
proposal
attracts
Press
Note 1 (2005
8.60
Conversion
of
operating
company
into
operating-cumholding company
and also to make
downstream
investment
in
manufacturing of
plastic products.
TOURISM
9
series)
ECONOMIC AFFAIRS
10
1.46
11
To set up a holding
company to undertake
besides the activities of
merchant banking,
underwriting and other
financial services
activities, to undertake
the activities of Primary
Dealer in the
Government Securities
Market.
Regd.
Office in
Mumbai
and
business
activities
across
India
Thrissur,
Kerala
Banking activities
13
Manufacture of
industrial valves and
accessories
14
Development of
computer software,
autocad computer
database and for
trading activities
Conversion
of
operating
company
into
operating-cumholding company
and to make
downstream
investment
in
subsidiaries
in
NBFC sector
Induction
of
foreign
equity
upto 15% in a
private
sector
bank. Proposal
attracts
Press
Note 1 (2005
series).
Pune,
Issue of shares
Maharashtra for consideration
other than cash
by way of share
swap and share
transfer to new
foreign investor
Delhi
Issue of shares
for consideration
other than cash
on account of
conversion
of
225.00
1.89
No fresh
inflow
No fresh
inflow
COMMERCE
15
of
existing stake in
an
Indian
company
engaged
in
animal feed/acqa
culture feed, by
transfer of shares
4.90
New
Delhi
Undertaking
additional
activities related
to print media
sector
No fresh
inflow
Mumbai
Acquisition
of
additional stake
from 49% to 51%
(i. e. by 2%) in a
company
engaged
in
carrying
on
business
of
transportation,
airfreight
and
ocean
freight
forwarding,
freight handling,
0.50
Animal feed/aqua
culture feed
manufacturing
AP
Hyderabad, Acquisition
Transportation,
airfreight and ocean
freight forwarding,
freight handling,
customs services and
integrated logistics
SHIPPING
17
customs services
and
integrated
logistics
TELECOMMUNICATIONS
18
Provide international
long distance services
in India, besides SIP
without gateways etc.
New
Delhi
Retaining
FDI
upto 74% and
divesting 26% in
favour of Indian
partners
for
undertaking
additional activity
of
International
Long
Distance
Services.
Issue
of
ADRs/GDRs upto
a maximum of
US $ 1.2 billion
No fresh
inflow
19
FIIs
M/s. Reliance
Communications Limited
H Block, Ist Floor
Dhirubhai Ambani
Knowledge City,
Navi Mumbai - 710
Telecommunication
Business
Mumbai
5400.00
20
M/s. Hayat
Communications Pvt. Ltd.
B-202, Super Mart-I
DLF City, phase IV
Gurgaon 122 022
To provide infrastructure
support and services to
telecom
companies
in
execution of their basis
telephone cellular and long
distance telecom project
and to undertake additional
activities of Infrastructure
Provide Category (IP-I)
activities
New
Delhi
To
undertake
additional
activities
of
Infrastructure
Provider
Category
(IP-I)
activities
No fresh
inflow
Banking Business
Mumbai
Induction of foreign
equity in a holding
company of NBFC
operating
subsidiaries.
Proposal
also
10.92
ECONOMIC AFFAIRS
21
Mumbai- 53
Entertainment services
like FM broadcasting
services, web-casting
etc.
Chennai
23
Mumbai
Induction
of
foreign
equity
upto 20% in a
company
engaged in FM
broadcasting
services
Induction
of
foreign
equity
upto 100% in a
company
engaged in the
business
of
publishing
and
printing and to
undertake
printing
of
magazine under
the
title
Campaign India
1.7
0.01
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the January 12, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on December 31, 2010, Government has approved 19 Proposals of Foreign Direct Investment
amounting to ` 4340.77 crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 31.12.2010.
Following 19 (Nineteen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)
CORPORATE AFFAIRS
1 M/s Responsive Industries To issue warrants to carry out the business of
Ltd., Mumbai
manufacturing PVC products such as PVC leather cloth,
vinyl floorings, rigid blister films and soft sheeting.
1.75
DEFENCE PRODUCTION
2 M/s EADS Deutschland
Induction of foreign equity upto 26 per cent to carry out
GmbH and M/s LARSEN & the business of manufacturing, distributing and
TOUBRO Ltd. Mumbai
marketing of products in the market segments of
electronic warfare, military avionics, mobile systems
(defence related) and radars.
7.8
ECONOMIC AFFAIRS
3 M/s Future Ventures India Induction of foreign equity in investing company by way
Limited, Mumbai
of issue and allotment of equity shares in the IPO of the
company to FIIs and NRIs under the Portfolio Investment
Scheme (PIS).
4 M/s Standard Chartered
Bank (Mauritius) Limited,
Mauritius
300.00
4.50
0.01
FINANCIAL SERVICES
6 The Karur Vysya Bank Ltd., To issue partly paid up shares.
Karur
107.50
HEAVY INDUSTRY
7 M/s Yorozu Corporation,
Japan
140.00
POST
22.50
607.00
STEEL
10 M/s JFE Shoji Trade
Corporation, Japan
1100.00
0.39
DEFENCE PRODUCTION
13 M/s Lakshmi Machine
Works Ltd., Tamil Nadu
MINES
14 M/s Hindalco Industries
Ltd., Mumbai
508.63 (already
brought)
TELECOMMUNICATIONS
15 M/s Wireless Business
Induction of foreign equity to carry out the business of
Services Pvt. Ltd., Mumbai internet and broadband services.
371.12
20.36
362.78
42.64
705.40
ECONOMIC AFFAIRS
19 M/s Falcon Tyres Ltd.,
Karnataka
2.
Sl.
Name of the applicant
Particulars of the proposal
No
1 M/s Aim Star Network
Induction of foreign equity upto 100 per cent to undertake the activities of
Enterprise Pvt. Ltd.,
trading of items sourced from Medium & Small Scale sector.
Mumbai
2 M/s Rhodia S.A., France
3 M/s Rahimafrooz Batteries To set up a WOS to undertake import and wholesale distribution of
Ltd., Bangladesh
batteries and providing after sales services in India by a company from
Bangladesh.
4 M/s Maini Precision
Products Pvt. Ltd.,
Bangalore
6 M/s Dhunseri Investments To issue and allot equity shares to the non-resident shareholder
Ltd., Kolkata
consequent upon demerger.
7 M/s Netmagic Solutions
Pvt. Ltd., Mumbai
To increase foreign equity from 49 per cent to 74 per cent to carry out the
business of ISP with gateways.
12 M/s Verizon
Transfer of equity shares from non-resident shareholder to non-resident
Communications India Pvt. group in Telecom Sector.
Ltd.
13 M/s Pran Beverages (India) Induction of foreign equity by a company from Bangladesh.
Pvt. Ltd., Kolkata
14 M/s Checkmate Services
Pvt. Ltd., Gujarat
16 M/s Essar Capital Holdings Acquisition of equity shares by way of subscription to new equity shares
(India) Ltd., Mumbai
and/or purchase of existing equity shares in an investing company
engaged in the telecom sector.
3.
Sl.
Name of the applicant
Particulars of the proposal
No
1 Mr. Jaishankar
Induction of foreign equity to carry out the business of Private Security
Ramchandran and Nicholls Agency.
Steyn & Associates (Pty)
Ltd., South Africa
2 M/s B4U Television
Network (India) Pvt. Ltd.
4.
Sl.
No
The following 1 (One) proposal has been withdrawn from the agenda:
Name of the applicant
Reasons
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 17th September, 2008.
PRESS RELEASE
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 18th September,
2008 at Fax No.2309 4084/2309 2477 No further requests will be
entertained later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Sd/-
( Prabodh Saxena )
Direcotr (FIPB)
Tele/Fax No. 2309 3558
E-mail: [email protected]
1. DetailsofproposalsapprovedintheFIPBMeetingheldon12.9.2008
Sl.No.Nameofthe
applicant
Particularsoftheproposal
FDI/NRIinflows
(Rs.Incrore)
COMMERCE
1. M/s.PicanolIndia Capitalizationofpreincorporation/preliminary
Pvt.Ltd.NewDelhi expenses
Nofreshinflow
ECONOMIC AFFAIRS
2. M/s.Automatika
Ltd,Canada
Nofreshinflow
Transferofsharesbywayofshareswap
3. M/s.PolycabWires Conversionfromoperatingcompanytooperating551.50
Pvt.Ltd.Mumbai cumholdingcompanytomakedownstream
investmentandissueofwarrants
4 M/s.GoldmanSachsToundertaketheactivitieswhicharepermitted 34.19
(Mauritius)LLC,
tobeundertakenbyaPrimaryDealerinIndia.
Mauritius
ProposalattractsPressNote1of2005
5 M/s.Sybase
ConversionfromoperatingcompanytooperatingNofreshinflow
Software(India)Pvt.cumholdingcompanytomakedownstream
Ltd.
investment
6 M/s.National
Toestablishajointventurecompanyto
570.00
HousingBankNew undertakemortgageguaranteeactivities
Delhi(2)M/s.
UnitedGuaranty
Corporation,USA(3)
International
Finance
Corporation,USA
HEAVY INDUSTRY
7 M/s.ZFIndiaPvt. Tomanufactureandsupplyofchassisand
224.75
Ltd.
drivelineproductsforpassengervehicles,rail
vehiclesandmanufactureandsupplyof
transmissionformarinecraftapplications.
ProposalattractsPressNote1of2005
INFORMATION & BROADCASTING
8 M/s.NineDotNine InductionofFDIinacompanyengagedin
33.97
MediaworxPvt.Ltd. publishingofscientificmagazines/speciality
NewDelhi
journals/periodicalsetc.
INFORMATION TECHNOLOGY
9 M/s.SKC&CCo. Toacquireequitysharesbywayofassignmentof Nofreshinflow
Ltd.Korea
itsexistingmusictaggingservicesagreement
10. M/s.bIQ
TechnologiesLtd.
ConversionfromoperatingcompanytooperatingNofreshinflow
cumholdingcompanytomakedownstream
investment
0.24
TELECOMMUNICATIONS
12 M/s.Transcend
IncreaseinFDIbeyond49%inbuildingtowers, Nofreshinflow
Infrastructure
acquiringtowersorsecuringmanagementrights
Limited
oftowersforthepurposeofleasingorlicensing
thesharesuseofthesetowersfor
communicationsandbroadcasting
Total
Rs.1414.65crore
2.Thefollowingnine(9)proposalshavebeenrecommendedtobedeferred:
M/s.ABNAMRO
Toenlargetheservicesbyofferingvalueaddedfinancialservices
Securities(India)Pvt. (non fund based) to their clients (both individual and
Ltd.
institutional)
3.Thefollowingone(1)proposalhasbeenrejected:
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 17th October, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 12th October, 2007, Finance Minister, Shri P. Chidambaram has approved 14
proposals of Foreign Direct Investment amounting approximately to Rs. 1257.3145 crore. The
proposals related to Ministries/Departments, namely, Bio-technology, Commerce, New &
Renewable Energy, Industrial Policy & Promotion, Information Technology, Micro, Small &
Medium Enterprises, Telecommunications and Economic Affairs. The major investment
proposals pertain to the Ministries/Departments of New & Renewable Energy
Telecommunications and Economic Affairs.
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 18th October, 2007
at Fax No.2309 4084/2309 2477. No further requests will be entertained
later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Sd/( D.K. Singh )
Director (Inv. & FIPB)
FDI/NRI
inflows (Rs.
crore)
BIO-TECHNOLOGY
1
M/s. Intas
Biopharmaceuticals Ltd,
Ahmedabad
COMMERCE
2
M/s. Bohler International To set up a WOS to undertake (i) wholesale cash and 11.00
GmbH, Austria
carry trading of ores and metals; (ii) stocking,
distribution, cutting, machining and heat treating of
special steels and (iii) wholesale cash and carry of
special steels. Proposal attracts Press Note 1 (2005
series)
INFORMATION TECHNOLOGY
4
M/s. Wortal Technologies Transfer of shares by way of share swap, for the No inflow
Pvt. Ltd. Bangalore
purpose of acquiring an US based company Wortal
Technologies Inc. The company is engaged in design
and development of virtual web portal environments
and internet presence technologies and applications
M/s. Russell Square
Induction of 100% foreign equity in an Indian 0.015
Holding BV, Netherland
company Quasar Media Private Limited engaged in
Advertising besides other activities. Proposal attracts
Press Note 1 (2005 series)
ECONOMIC AFFAIRS
7
M/s. GFT Technologies (I) Conversion of operating company into an operating 0.05
Pvt. Ltd.
cumholding company and forming a 100% owned
downstream company. Engaged in development of
system softwares application software and other
computer software.
INFORMATION TECHNOLOGY
12
M/s. Aricent
Technologies (Holding)
Ltd.
TELECOMMUNICATIONS
13
COMMERCE
14
Total
3.
Sl.
No.
1
2
3
1257.3145
2. In the following 1(one) proposal the applicant has been advised to first
approach RBI:
Sl.
No.
1
M/s. exlService.com
(India) Pvt. Ltd.
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe13thMay,2009
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
held on 11th May, 2009, Government has revoked the FC approval granted to M/s ByCell
TelecommunicationsIndiaPvt.Ltd.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
To
TheAdditionalDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 19th July, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB)
in its meeting held on 13th July, 2007, Finance Minister, Shri P. Chidambaram has
approved 17 proposals of Foreign Direct Investment amounting approximately to Rs.
Rs.609.8509 crores . The proposals relate to Ministries/Departments, Chemicals &
Petro chemicals, Civil Aviation, Commerce, Information & Broadcasting, Industrial Policy
& Promotion, Posts, Telecommunications, Revenue, and Economic Affairs. The major
investment proposals pertain to the Ministry/Departments of Industrial Policy &
Promotion, Information & Broadcasting, Revenue and Economic Affairs.
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
Applicants who want to get their approval letters collected
personally are requested to send their request latest by 5.00 P.M.
on 20th July, 2007 at Fax No. 2309 2477. No further requests will
be entertained later and the approval letters would be sent by
SPEED POST.
The authorized person for collection of FC approval should carry a
photo identity, a proper authority letter, duly signed by the
authorized signatory of the applicant/authorized consultant. The
authority letter should also contain a specimen signature of the
authorized person. Approval letter shall not be handed over to
person without the above documents.
Sd/( D.K. Singh )
Director (Inv. & FIPB)
CIVIL AVIATION
1
M/s. EADS India Pvt. Ltd.
New Delhi
FDI/NRI
inflows (Rs. In
crore)
0.53
46.00
41.00
313.22
No fresh inflow
15.00
6.0273
No fresh inflow
REVENUE
10
M/s. Flemingo Duty Free
Shop Pvt. Ltd.
11
TELECOMMUNICATIONS
12
M/s. Essar Telecom
Investments Ltd
COMMERCE
13
M/s. Wah Luen Electronic
Tools Co. Ltd.
1.02
To set up a JV company with 51%
foreign equity to undertake Single
brand retail trading of electronic
goods and tools sold under the single
brand name of CT Brand
INDUSTRIAL POLICY & PROMOTION
1.939
14
M/s. Sara Services &
Induction of 76% Foreign equity in a
Engineers Pvt. Ld. New
company engaged in the activity of
Delhi
manufacturing and marketing of
equipments and components used in
oil drilling. Proposal attracts Press Note
1/2005
POSTS
15
M/s. Trilogi Business Services To set up a WOS to undertake courier 0.60
Pvt. Ltd.
related services under franchise
agreements
ECONOMIC AFFAIRS
16
M/s. ISS Management
Conversion of operating company
22.00
Services Pvt. Ltd. Mumbai
into operating-cum holding company
for making downstream investments
and also undertaking Facility
Management Services
17
M/s. ORIX Corporation,
Induction of foreign equity upto 5% in 1.1296
Japan
IL&FS Securities services Ltd., proposed
to be engaged in the business of
Rs. 589.8511
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 22nd March, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board
(FIPB) in its meeting held on 14th March, 2007, Finance Minister, Shri P.
Chidambaram has approved 27 proposals of Foreign Direct Investment
amounting to Rs.829.93 crore. The proposals relate to Ministries/Departments,
namely, Commerce, Civil Aviation, Food Processing Industries, Heavy Industry,
Industrial Policy & Promotion, Information & Broadcasting, Petroleum & Natural
Gas, Revenue, Telecommunications, Textiles, Urban Development
and
Economic Affairs.
The major investment proposals pertain to the
Ministry/Departments of Food Processing Industries, Information & Broadcasting,
Revenue, Urban Development and Economic Affairs.
Also, based on the recommendations of Foreign Investment
Promotion Board (FIPB) in its meeting held on 20th March, 2007, Finance
Minister, Shri P. Chidambaram has approved 2 proposals of Foreign Direct
Investment amounting to Rs. 7.727 crore. The proposals relate to Department of
Commerce and Ministry of Information & Broadcasting.
Sd/( D.K. Singh )
Director (Inv. & FIPB)
Ph. No. 2309 2883
e-mail id: [email protected]
Fax No. 2309 2477
To
Addl. Principal Information Officer,
(Shri B.S. Chouhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP ( FDI-Data Unit )
COMMERCE
1
M/s. Lornamead
Acquisitions Limited
Sabre House, London Road
Camberley, Surrey, UK
CIVIL AVIATION
3
M/s. Elbit Systems Ltd
Advanced Technology
Center
P.O. Box 539, Haifa 31053
Israel
Location
Particulars of
the proposal
FDI/NRI
Inflows
(Rs. In
crore)
Mumbai
0.01
M/s. Socomex-Numeric
UPS Private Limited
Numeric House
No. 5, Sir P.S. Sivasamy
Salal, Mylapore, Chennai
Chennai
To undertake
activities of
sourcing of
products from
contract/toll
manufacturers
including SSI
units for
further sale to
distributors
Induction of
foreign equity
upto 50% in a
company
engaged in
the business
of marketing
and
distribution of
single
SOCOMEC
brand UPS
systems and
related
accessories
M/s. Hindustan
Aeronautics Ltd
Cubbon Road, Bangalore
Bangalore
To set up a
Joint Venture
company with
a foreign
equity of 26%
to undertake
manufacture
of parts and
accessories
for aircrafts or
spacecrafts
etc., and
design,
development
in the sector of
avionics
1.99
Chennai
Induction of
foreign equity
upto 100% by
way of
acquisition
and additional
investment in
a company
proposed to
be engaged in
Test
Marketing of
11.25
6.75
imported Food
Supplements
in Gel Form
and cosmetic
products,
along with
setting up
manufacturing
facility by third
parties
INFORMATIN & BROADCASTING
5
M/s. CV Global Holdings Inc
C/o. International Financial
Services Limited, IFS Court
Twenty Egith, Cybercity,
Ebene,
Mauritius
TEXTILES
6
M/s. Treves S.A.
109, rue du Fbg St-Honore
75373
Paris, Cedex 08, France
URBAN DEVELOPMENT
7
M/s. GS Strategic
Investments Limited
Level 3, Alexander House,
35 Cybercity, Ebene,
Mauritius
New Delhi
Induction of
foreign equity
by way of
issue of
convertible
preference
shares and
purchase of
shares from
the secondary
market of a
company
engaged in
Television
News
Broadcasting
50.96
New JV
Not
indicated
A JV company
with a foreign
equity of 50%
to be engaged
in Design,
develop,
manufacture
(by subcontracting
and
outsourcing),
market, sell
and
distribution of
knitted and/ or
woven textiles
for internal
furnishing of
automobiles or
such other
products as
may be
agreed
between
Treves and
Raymond
0.54
M/s. Infrastructure
Leasing & Financial
Services Ltd.
The IL&FS Financial
Centre
Plot C_22, G Block
Bandra-Kurla complex
Bandra (East)
Mumbai
Induction of
foreign equity
upto 5% by
way of
acquisition/su
bscribing
shares of the
company
8.33
(ILF&S )
engaged in
project
development,
implementation,
construction
management
and
operations
relating to
road sector
projects in
India including
projects which
are
implemented
on a public
private
partnership
format.
ECONOMIC AFFAIRS
8
M/s. Samuels Jewellers Inc.
USA
Mumbai
Mumbai
10
Mumbai
Issue of
shares by way
of share swap,
in the course
of acquisition
of a US
company
Samuels.
Company is
engaged in
the business
of
manufacturing,
trading and
exporting
diamonds and
jewelry
To receive and
accept
investment/
contributions in
the units of VC F
for making
investment in
equity/preferen
ce shares etc.
of Indian
venture capital
undertakings
engaged in real
estate
development
projects
Induction of
foreign equity
in a holding
company
having
downstream
operating
NBFC
subsidiaries
No fresh
inflow
560.00
5.50
11
Mumbai
Induction of
foreign equity
upto 10% from
two foreign
investors by
way of
acquisition of
shares in the
course of
0.1016
implementation
of
demutualization
12
Mumbai
13
N.A
COMMERCE
14
M/s. Nice Systems Ltd,
8, Hapnina Street,
P.O. Box 690
RaAnnana, Israel
FOOD PROCESSING INDUSTRIES
15
M/s. Befesa Construction y
Tecnologia Ambiental S.A.U
Aveenidas de las Buhaira
2, Sevilla (Spain)
M/s. Wisnome
Entertainment
scheme
Induction of
foreign equity
by way of
acquisition of
shares upto
51% of the
equity of the
company
engaged in
the business
of
manufacture
of fruit and
vegetable pulp
and puree,
fruit pulp and
juice based
beverages etc.
which are SSI
reserved
items.
Conversion of
nonrepatriable
equity into
repatriable
equity.
Company is
engaged in
development
and operation
of hotels
51.28
No fresh
inflow
Not
indicated
Imposition of a
post approval
condition
No fresh
inflow
Chennai
Increase in
foreign equity
from 25% to
30%.
Company is
engaged in
desalination of
sea water,
purification of
water to make
it potable, to
drinking and
8.22
other
purposes etc.
HEAVY INDUSTRY
16
M/s. Keihin Corporation
HK-Shinjoku Building
4-3-17
Shinjuku Ku Tokyo, Japan
Pune
Payment of
lumpsum fee
beyond the
permissible
limit under
automatic
route.
Company is
engaged in
manufacture
of automobile
components
and parts
No fresh
inflow
Chennai
Request for
deletion of the
condition
under clause 5
of the
approval letter
viz., the
company will
not involve in
the
manufacturing
activities
No fresh
inflow
Mumbai
Not
indicated
Mumbai
Conversion of
operating
company into
operating-cum
holding
company and
to make down
stream
investment
upto 49% in
an Indian
company
engaged in
Cable Network
Business
Increase in
foreign equity
from 50% to
75% by way of
transfer of
shares. The
company is
engaged in
the print
media sector.
Mumbai
19
Deletion of
clause the
company
shall have to
divest 26% of
its equity in
favour of
5.00
No fresh
inflow
21
REVENUE
22
M/s. Citigroup Venture
Capital International
Mauritius Ltd.
IFS Court, Twenty Eight
Cybercity,
Ebene, Mauritius
ECONOMIC AFFAIRS
23
M/s. Merrill Lynch
(Mauritius) Investment
Holding and
M/s. Merrill Lynch Holdings
(Mauritius)
24
Indian parties
over a period
of 5 years.
The company
is engaged to
carry on LPG
business
including
import,
storage,
bottling,
distribution,
blending and
sale of LPG
and related
appliances
and fittings.
Deletion of
clause the
company
shall have to
divest 26% of
its equity in
favour of
Indian parties
over a period
of 5 years.
The company
is engaged in
marketing
transportation
fuels.
No fresh
inflow
Bangalore
Mumbai
Issue of
convertible
preference
shares
equivalent to
Rs. 20.00
crore to be
converted into
equity shares
at a later date.
The company
is engaged in
setting up of
duty free
shops at
airports and
seaports
20.00
Mumbai
No fresh
inflow
Hyderabad
Approval for
an operating
subsidiary to
be engaged in
Primary
Dealership
Business
Issue/allotment
of shares for
consideration
other than
cash (by way
No fresh
inflow
of share swap)
in the course
of acquisition
of a Denmark
company.
The company
is engaged in
IT services
REVENUE
25
M/s. Citigroup Venture
Capital International
Mauritius Ltd.
IFS Court, Twenty Eight
Cybercity,
Ebene, Mauritius
REVENUE
27
M/s. Alpha Airport Group
plc. UK and/or its
subsidiaries, or associate
companies
Navi
Mumbai
Issue 10 lakh
convertible
preference
shares to be
converted into
equity shares
of the
company at a
later stage.
Company is
engaged in
setting up of
duty free
shops at
airports and
seaports
100.00
Mumbai
To undertake
additional
activities of
publishing of
scientific/techn
ical and
speciality
magazines/per
iodicals/
journals other
than in the
areas of news
and current
affairs
No fresh
inflow
Not
indicated
Conversion of
holding
company into
operatingcum-holding
company to
run and make
downstream
investment in
the business
of setting up of
duty free
shops and
related
infrastructure
(bonded
warehouse)
No fresh
inflow
Location
Particulars of
the proposal
FDI/NRI
Inflows
(Rs. In
crore)
Mumbai
To set up a
duty free shops
at various
Indian Airports,
seaports, with a
foreign equity
upto 51%
2.295
Mumbai
Increase in
foreign equity
by 10.83% by
M/s. Monet
Limited.
Company is
engaged in
Cable TV
services and as
Internet Service
Provider.
5.432
COMMERCE
1.
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 24th December, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 14th December, 2007, Finance Minister, Shri P. Chidambaram has approved 19
proposals of Foreign Direct Investment amounting approximately to Rs. 726.88 crore. The
proposals related to Ministries/Departments, namely, Agriculture & Cooperation, Chemicals &
petro-chemicals, Commerce, Health & Family Welfare, Industrial Policy & Promotion, Information
& Broadcasting, and Economic Affairs. The major investment proposals pertain to the
Ministries/Departments of Agriculture & Cooperation and Economic Affairs
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copyto:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 26th December,
2007 at Fax No.2309 4084/2309 2477/23094172 No further requests will
be entertained later and the approval letters would be sent by SPEED
POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
PROPOSALSAPPROVEDINTHEFIPBMEETINGHELDON 14.12.2007.
COMMERCE
Sl.No.Nameofthe
applicant
Particularsoftheproposal
M/s.Brand
Marketing(India)
PrivateLimited
M/s.Daimler
ChryslerA.G.
Germany
FDI/NRIinflows(Rs.In
crore)
Nofreshinflow
Notindicated
200.00(approx)
0.10
Noinflow
10.61
16.17
Nofreshinflow
Nofreshinflow
Total
19
Nofreshinflow
Nofreshinflow
Nofreshinflow
indicated
Nofreshinflow
Nofreshinflow
500.00(approx)
Nofreshinflow
Nofreshinflow
Nofreshinflow
Rs.726.88Crores
2.
Thefollowingtwo(2)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameoftheapplicant
Particularsoftheproposal
M/s.B.A.G.FilmsandMedia Inductionofforeigninvestmentinaholdingcompanyhaving
downstreaminvestmentinthecompaniestobeengagedinup
Ltd,Noida
linkingnewschannels,nonnewschannelsandFMRadio
M/s.B.A.G.Films&Media
Limited,Noida
InductionofforeignequitybywayofissueofForeignCurrency
ConvertibleBonds(FCCBs)inaholdingcompanyhaving
downstreaminvestmentinthecompaniestobeengagedinup
linkingnewschannels,nonnewschannelsandFMRadio
3.
In the following 2 (two) proposals, the applicant has been advised to access
automaticroute:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1 M/s.UltralifeBatteriesIndia Acquisitionofsharesupto51%inacompanyengagedin
Pvt.Ltd.Bangalore
themanufactureofbatteries
2
4.
M/s.NortelNetworksLtd,
Canada
Inductionofforeignequitybywayofsubscribingtowarrants
againstwhichshareswillbeissuedinfuture
TheproposalofM/sGSStrategicInvestmentLtd.Mauritiuswaswithdrawnfromtheagenda.
****
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the December 14, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on December 3, 2010, Government has approved 08 Proposals of Foreign Direct Investment
amounting to ` 883.166 crore approximately.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 03.12.2010
Following 8 (Eight) proposals have been approved.
Sl. No. Name of the applicant
FDI/NRI inflows
(` In crore)
ECONOMIC AFFAIRS
1
M/s Knowledge
Investments (Mauritius)
Ltd., Mauritius
641.25
HEAVY INDUSTRIES
3
1.47
169.00
CORPORATE AFFAIRS
5
1.38
42.82
27.22
DEFENCE
6
POST
TELECOMMUNICATIONS
8
M/s Alan Dick & Company To undertake the additional activity relating to
(India) Pvt. Ltd., Thane
infrastructure provider (IP Category I).
No Fresh Inflow
2.
4 M/s Hindalco Industries Ex-post-facto approval for issuance of partly paid up shares.
Ltd., Mumbai
5 M/s Lakshmi Machine
Works Ltd., Tamil Nadu
6 M/s Verizon
Communications India
Pvt. Ltd.
12 M/s Wireless Broadband Induction of foreign equity to carry out the business of internet and
Business Services
3.
M/s Associated
Broadcasting Co. Pvt. Ltd.,
Hyderabad
4.
The following 2 (Two) proposals have been withdrawn from the agenda.
Sl.
No
Reasons
Withdrawn from the Agenda as the applicant has not provided the
additional information.
Withdrawn from the Agenda since the activity is on automatic route, FIPB
approval is not required.
5.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposals is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the January 15, 2013
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on December 31, 2012, Government has approved 04 Proposals of Foreign Direct Investment
amounting to ` 1286.75 crore approximately.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 31.12.2012
Following 04 (Four) proposals have been approved.
Sl.
No.
Name of the
applicant
FDI/NRI inflows
(` In crore)
30.25
PHARMACEUTICALS
2 M/s Hospira Inc.,
USA, M/s Hospira
Pte Ltd.,
Singapore, and
M/s Hospira
Healthcare India
Pvt. Ltd.
3 M/s Perrigo API
India Pvt. Ltd.,
Mumbai
55.00
TELECOMMUNICATIONS
4 M/s InterCall Asia To set up a WOS to undertake the business of providing
Pacific Holdings audio, video and web conferencing services for business,
Pvt. Ltd.,
commercial, banking and other establishments.
Singapore
2.
6.75
Sl.
No
Name of the
applicant
1 M/s Alliance
Insurance Brokers
Private Limited,
Mumbai
2 M/s Aon Holdings
B.V., Netherlands
3.
Post facto approval for induction of foreign equity to carry out the business
of Insurance broking, and risk advisory services.
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl. No
Name of the applicant
1 M/s Ingka Holding Overseas B.V.
*****
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the June 23, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on June 16, 2009, Government has approved 01 Proposal of Foreign Direct Investment.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
16.06.2009
Following 01 (One) proposal has been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
No fresh inflow
2.
To induct FDI to carry out the activity comprising of Tooling, Mining and
Construction and Material Technology. The proposal attracts Press Note 1
of 2005.
*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 22nd November, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 16th November, 2007, Finance Minister, Shri P. Chidambaram has approved 22
proposals of Foreign Direct Investment amounting approximately to Rs. 527.4616 crore. The
proposals related to Ministries/Departments, namely, Commerce, Food Processing Industries,
Heavy Industry, Industrial Policy & Promotion, Information & Broadcasting, Shipping, Railways
and Economic Affairs. The major investment proposals pertain to the Ministries/Departments of
Heavy Industry, Shipping, Railways Economic Affairs
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
DetailsofproposalsapprovedintheFIPBMeetingheldon16.11.2007
Sl. NameoftheapplicantParticularsoftheproposal
No.
COMMERCE
of
pre
1 M/s.GeorgiaPacific Capitalization
KemrockInternational incorporation/preliminary expenses made by
theforeigninvestor,bywayofissueofshares
Pvt.Ltd.Vadodara
2 M/s.MetalOne
To set up a new WOS to undertake the
Corporation,Japan
activities of import, maintain stock,
inventories and sale of the products within
India and overseas. Proposal attracts Press
Note1(2005series)
To set up a trading company with a foreign
3 M/s.PalfingerAsia
equityofupto74%undertakeImportandsale
PacificPte.Ltd.
totheendusers/customersofPalfingertruck
Singapore
mountedkuckleboomscranes,hookleaders,
etc,andtheiraftersaleservice.Proposalalso
involvessourcingofitemsfromSSSector.
4 M/s.EricKozlowski, To set up a WOS to undertake trading of
USA
itemssourcedfromsmallscalesector
5 M/s.CrocsInc.
To setupanewJointVenturewithaforeign
equity of 51% to undertake the business of
single brand retail trading of footwear and
apparelsunderthesinglebrandCROCS
FOOD PROCESSING INDUSTRIES
6 M/s.RejoireNatural Induction of foreign equity upto 100% in a
company engaged in the manufacture of
CreationsPrivate
items reserved for SSI sector viz.,
Limited,Mysore
manufacture of natural perfumes and
essential oil, handmade products like bags
and house hold furniture and natural soft
drinks
HEAVY INDUSTRY
7 M/s.YachiyoIndustry To set up a new WOS to undertake
Co.Ltd.Japan
manufacture of plastic fuel tanks for
automobiles. Proposal attracts press Note 1
(2005series)
INDUSTRIAL POLICY & PROMOTION
8 M/s.UPMKYMMENE To set up a new JV with a foreign equity of
OYZ.,Finland
50% to undertake the activities of trading in
recycledpaper
FDI/NRIinflows
(Rs.Incrore)
Nofreshinflow
2.90
2.90
0.25
2.04
0.03
30.00
14.50
SHIPPING
TosetupanewWOS/JointVenturecompany
9 M/s.CWT
InternationalPte.Ltd. to undertake warehousing, storage and
container freight station business and other
Singapore
ancillary/auxiliary
activities
connected
thereto.ProposalattractsPressNote1(2005
series)
ECONOMIC AFFAIRS
Induction of FDI in an Investment company
10 M/s.Bluechip
CorporateInvestment which has existing downstream companies.
Conversion of operating company into an
CentreLimited,
operatingcumholdingcompany
Mumbai
11 M/s.CroupierPrive Investment of upto 5% equity in Central
PrivateEquityFund DepositoryServicesLimited
L.P.Delaware
Issue of shares in lieu of acquiring the
12 M/s.MaplesESM
TechnologiesPvt.Ltd. businessofanUScompany,inITsector
Chennai
Issue of shares in lieu of transfer of branch
13 M/s.SCICOM
TechnologiesPvt.Ltd. officebusinessofthesameforeigninvestor
NewDelhi
Conversion of status of operating company
14 M/s.PTCIndia
engagedinleasingandfinanceintooperating
FinancialServices
cumholding company, and induction of
Limited,NewDelhi
foreign equity by Goldman Sachs and
Macqarie, up to 40%, to make downstream
investments in Indian companies engaged in
the energy and related infrastructure space
sectors
15 M/a.AngelInfinPvt. InductionofforeigninvestmentbyIFCofupto
Ltd.Mumbai
18% of the equity of the holding company
having downstream investments in the
companies engaged in the activities of share
brokerage, rendering corporate and financial
advisory services , portfolio brokerage,
commodities broking, distribution of mutual
funds and insurance products and software
solutionservices
16 M/s.Accentia
Transfer of shares by way of share swap for
TechnologiesLimited acquiring 3 US based companies engaged in
HealthBPOServices
INDUSTRIAL POLICY & PROMOTION
17 M/s.AnestIwata
Conversion of operating company into
MothersonLtd.
operating cum holding company to make
downstream investment in companies
engagedintrading,marketingandservicingof
24.00
20.50
16.00
Nofreshinflow
Nofreshinflow
155.74
152.00
Nofreshinflow
Nofreshinflow
aircompressorsandassociatedspareparts&
accessoriesetc.
ECONOMIC AFFAIRS
18 M/s.HPFinancial
Services(I)Pvt.Ltd.
Toundertakeadditionalactivitiesoffinancing Nofreshinflow
andleasing
3. Thefollowing13(thirteen)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1.
M/s.AVASeedsPvt.Ltd.
Bangalore
M/s.Dolce&Gabbana
M/s.GlobalAssetsHolding
CorporationPrivateLimited,
Mumbai
M/s.SistemaJointStockFinancial
Corp.Russia
M/s.UniversalSuccess
EnterprisesLtd,Tortola
4
5
M/.s.UniversalSuccess
EnterprisesLtd.,Tortola
4.
M/s.UniversalSuccess
EnterprisesLtd,Tortola
M/s.JSWEnergyLtd,Mumbai
M/s.BycellTelecommunications
IndiaPvt.Ltd.
10
M/s.GrupoOmnilifeS.A.deC.V.
Mexico
11
M/s.KNOXHoldingPte.Ltd.
Singapore
12
M/s.Redington(India)Limited,
Chennai
13
M/s.DumericHoldingsPrivate
Limited,Mumbai
TransferofsharesheldbyanOCBbywayofsale
by a foreign investor. The promoters of the
Indian Company and the new foreign investors
aresame.
Conversion of operating company into an
operating cum holding company to make
downstreaminvestmentsintoNBFCactivities
Conversion of status of operating company into
operatingcumholdingcompany
Thefollowing3(three)proposalshavebeenrecommendedtoberejected:
Sl.No Nameoftheapplicant
M/s.FlemingoDutyFreeshop
Pvt.Ltd.
M/s.Flemingo(DFS)Pvt.Ltd.
M/s.ElkenInternationalIndia
Pvt.Ltd.
Particularsoftheproposal
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 22nd November, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 16th November, 2007, Finance Minister, Shri P. Chidambaram has approved 22
proposals of Foreign Direct Investment amounting approximately to Rs. 527.4616 crore. The
proposals related to Ministries/Departments, namely, Commerce, Food Processing Industries,
Heavy Industry, Industrial Policy & Promotion, Information & Broadcasting, Shipping, Railways
and Economic Affairs. The major investment proposals pertain to the Ministries/Departments of
Heavy Industry, Shipping, Railways Economic Affairs
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
DetailsofproposalsapprovedintheFIPBMeetingheldon16.11.2007
Sl. NameoftheapplicantParticularsoftheproposal
No.
COMMERCE
of
pre
1 M/s.GeorgiaPacific Capitalization
KemrockInternational incorporation/preliminary expenses made by
theforeigninvestor,bywayofissueofshares
Pvt.Ltd.Vadodara
2 M/s.MetalOne
To set up a new WOS to undertake the
Corporation,Japan
activities of import, maintain stock,
inventories and sale of the products within
India and overseas. Proposal attracts Press
Note1(2005series)
To set up a trading company with a foreign
3 M/s.PalfingerAsia
equityofupto74%undertakeImportandsale
PacificPte.Ltd.
totheendusers/customersofPalfingertruck
Singapore
mountedkuckleboomscranes,hookleaders,
etc,andtheiraftersaleservice.Proposalalso
involvessourcingofitemsfromSSSector.
4 M/s.EricKozlowski, To set up a WOS to undertake trading of
USA
itemssourcedfromsmallscalesector
5 M/s.CrocsInc.
To setupanewJointVenturewithaforeign
equity of 51% to undertake the business of
single brand retail trading of footwear and
apparelsunderthesinglebrandCROCS
FOOD PROCESSING INDUSTRIES
6 M/s.RejoireNatural Induction of foreign equity upto 100% in a
company engaged in the manufacture of
CreationsPrivate
items reserved for SSI sector viz.,
Limited,Mysore
manufacture of natural perfumes and
essential oil, handmade products like bags
and house hold furniture and natural soft
drinks
HEAVY INDUSTRY
7 M/s.YachiyoIndustry To set up a new WOS to undertake
Co.Ltd.Japan
manufacture of plastic fuel tanks for
automobiles. Proposal attracts press Note 1
(2005series)
INDUSTRIAL POLICY & PROMOTION
8 M/s.UPMKYMMENE To set up a new JV with a foreign equity of
OYZ.,Finland
50% to undertake the activities of trading in
recycledpaper
FDI/NRIinflows
(Rs.Incrore)
Nofreshinflow
2.90
2.90
0.25
2.04
0.03
30.00
14.50
SHIPPING
TosetupanewWOS/JointVenturecompany
9 M/s.CWT
InternationalPte.Ltd. to undertake warehousing, storage and
container freight station business and other
Singapore
ancillary/auxiliary
activities
connected
thereto.ProposalattractsPressNote1(2005
series)
ECONOMIC AFFAIRS
Induction of FDI in an Investment company
10 M/s.Bluechip
CorporateInvestment which has existing downstream companies.
Conversion of operating company into an
CentreLimited,
operatingcumholdingcompany
Mumbai
11 M/s.CroupierPrive Investment of upto 5% equity in Central
PrivateEquityFund DepositoryServicesLimited
L.P.Delaware
Issue of shares in lieu of acquiring the
12 M/s.MaplesESM
TechnologiesPvt.Ltd. businessofanUScompany,inITsector
Chennai
Issue of shares in lieu of transfer of branch
13 M/s.SCICOM
TechnologiesPvt.Ltd. officebusinessofthesameforeigninvestor
NewDelhi
Conversion of status of operating company
14 M/s.PTCIndia
engagedinleasingandfinanceintooperating
FinancialServices
cumholding company, and induction of
Limited,NewDelhi
foreign equity by Goldman Sachs and
Macqarie, up to 40%, to make downstream
investments in Indian companies engaged in
the energy and related infrastructure space
sectors
15 M/a.AngelInfinPvt. InductionofforeigninvestmentbyIFCofupto
Ltd.Mumbai
18% of the equity of the holding company
having downstream investments in the
companies engaged in the activities of share
brokerage, rendering corporate and financial
advisory services , portfolio brokerage,
commodities broking, distribution of mutual
funds and insurance products and software
solutionservices
16 M/s.Accentia
Transfer of shares by way of share swap for
TechnologiesLimited acquiring 3 US based companies engaged in
HealthBPOServices
INDUSTRIAL POLICY & PROMOTION
17 M/s.AnestIwata
Conversion of operating company into
MothersonLtd.
operating cum holding company to make
downstream investment in companies
engagedintrading,marketingandservicingof
24.00
20.50
16.00
Nofreshinflow
Nofreshinflow
155.74
152.00
Nofreshinflow
Nofreshinflow
aircompressorsandassociatedspareparts&
accessoriesetc.
ECONOMIC AFFAIRS
18 M/s.HPFinancial
Services(I)Pvt.Ltd.
Toundertakeadditionalactivitiesoffinancing Nofreshinflow
andleasing
3. Thefollowing13(thirteen)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1.
M/s.AVASeedsPvt.Ltd.
Bangalore
M/s.Dolce&Gabbana
M/s.GlobalAssetsHolding
CorporationPrivateLimited,
Mumbai
M/s.SistemaJointStockFinancial
Corp.Russia
M/s.UniversalSuccess
EnterprisesLtd,Tortola
4
5
M/.s.UniversalSuccess
EnterprisesLtd.,Tortola
4.
M/s.UniversalSuccess
EnterprisesLtd,Tortola
M/s.JSWEnergyLtd,Mumbai
M/s.BycellTelecommunications
IndiaPvt.Ltd.
10
M/s.GrupoOmnilifeS.A.deC.V.
Mexico
11
M/s.KNOXHoldingPte.Ltd.
Singapore
12
M/s.Redington(India)Limited,
Chennai
13
M/s.DumericHoldingsPrivate
Limited,Mumbai
TransferofsharesheldbyanOCBbywayofsale
by a foreign investor. The promoters of the
Indian Company and the new foreign investors
aresame.
Conversion of operating company into an
operating cum holding company to make
downstreaminvestmentsintoNBFCactivities
Conversion of status of operating company into
operatingcumholdingcompany
Thefollowing3(three)proposalshavebeenrecommendedtoberejected:
Sl.No Nameoftheapplicant
M/s.FlemingoDutyFreeshop
Pvt.Ltd.
M/s.Flemingo(DFS)Pvt.Ltd.
M/s.ElkenInternationalIndia
Pvt.Ltd.
Particularsoftheproposal
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the November 16, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on October 30, 2009, Government has approved 17 Proposals of Foreign Direct Investment
amounting to Rs. 1158.78 Crore approximately.
(P.K. Bagga)
OSD (CM&I)
23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
30.10.2009
Following 17 (Seventeen) proposals have been approved.
Sl. Name of the applicant
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Milliken Chemical
and Textile (India) Co.
Pvt. Ltd., Maharashtra
2 M/s Vaibhav Gems Ltd., Ex-post-facto approval for issuance and allotment of
Jaipur
warrants.
3 M/s FIAMM S.p.A. Italy
No fresh inflow
Nil
0.24
5.00
1.00
STEEL
6 M/s ArcelorMittal
Netherlands B.V.
Netherlands
503.37
BIOTECHNOLOGY
7 M/s Actis Biologics Pvt.
Ltd.
Nil
FINANCIAL SERVICES
8 M/s Reliance Asset
Ex-post-facto approval for issue of partly paid up
Reconstruction Company shares to foreign collaborators.
Ltd.
Nil
600.00
Nil
Ex-post-facto
collaborator.
approval
for
induction
of
foreign
Nil
POWER
12 M/s Teesta Urja Ltd.
Nil
TELECOMMUNICATION
13 M/s Hathway Cable and Induction of foreign equity by issuing IPO to undertake
Cable TV Services as multimedia system operator and as
Datacom Pvt. Ltd.
Internet Service Provider category A licensee.
16.65
DEFENCE PRODUCTION
14 M/s Vyoneesh
Technologies Pvt. Ltd.,
Delhi
1.56
30.96
No Fresh Inflow
Nil
TELECOMMUNICATIONS
17 M/s Sify Technologies
Ltd.
2.
7 M/s Telecom
Investments India Pvt.
Ltd.
Sale and transfer of equity shares from Resident India to Non Resident.
10 M/s Scorpios Beverages Transfer of equity shares from Resident Indian to NR to make investments
Pvt. Ltd., Delhi
in Indian companies operating in the telecommunications sector.
11 M/s AG Mercantile
Company Pvt. Ltd.,
Mumbai
12 M/s DYNAMIC
Alternatives (Pty) Ltd.
3.
4.
FDI/NRI
inflows (Rs.
In Crore)
Nil
Nil
5.
The following 02 (Two) proposals have been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore:
Sl.
No
FDI/NRI
inflows (Rs.
In Crore)
2000.00
2 M/s Indium IV
To invest in the units of the Fund.
(Mauritius) Holdings Ltd.
*****
2500.00
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
DatedtheJuly17,2009
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
held on July 10, 2009, Government has approved 16 Proposals of Foreign Direct Investment
amountingtoRs.891.71Croreapproximately.
(MonikaDhami)
UnderSecretarytotheGovernmentofIndia
Tele:23092581
Fax:23094084
Email:[email protected]
To
TheAdditionalDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(I&I)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
July10,2009
Following16(Sixteen)proposalshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRI
inflows(Rs.In
Crore)
COMMERCE
1 M/sOviesseS.p.A.
2 M/sAerRianta
Tosetupajointventurecompanywithaforeignequityof
InternationalCPT,Ireland 50.1% to undertake the business of establishing and
operating duty free shops in the duty free zones and to
incorporate a holding company in India to make
downstream investments to pursue other duty free
opportunities.
46.00
ECONOMICAFFAIRS
3 M/sKrizmHotelsPvt.Ltd. Expostfacto approval for grant of the right to subscribe
(Krizm),NewDelhi
tofullypaidupequitysharesvideissuanceofwarrants.
2.40
4 M/sTeamecChlorates
limited,Chennai
4.33
5 M/sSterliteTechnologies Issueandallotmentofwarrantsonpreferentialbasis.
Limited,Maharashtra
41.28
TELECOMMUNICATION
6 M/sVerdantTelemetry& To induct NRI investment to carryout manufacturing of
AntennaSystemsPvt.Ltd. Airborne antenna, Terrestrial Antenna, Radomes,
Telemetry transceivers & Composite components for
defenceandaerospaceapplication.
0.75
CHEMICAL&FERTILIZERS
7 M/sVistaPhamaceuticals Expost facto approval for issuance of convertible share
Ltd.
warrantsandconversionofthesameintoequityshares.
5.80
INUDUSTRIALPOLICY&PRMOTION
8 M/sSAETS.P.A.Italy
10.00
INFORMATION&BROADCASTING
9 M/sUTVSoftware
CommunicationsLtd.,
ECONOMICAFFAIRS
10 M/sTeestaUrjaLtd.,New Expost facto approval to regularize the allotment of
Delhi
equitysharesonpartlypaidbasis.
547.20
108.00
INUDSTRIALPOLICY&PRMOTION
13 M/sKVKEnergy&
InfrastructurePvt.Ltd.,
14 M/sHighMarkCredit
To provide for enhancement of permitted foreign
InformationServicesPvt. investmentto40%oftheissuedsharecapital.
Ltd.,
116.00
9.20
INFORMATION&BROADCASTING
15 M/sInterpublicMauritius Tomakeinvestmentof50%equitybywayofsubscribing
Ltd.,Mauritius
to equity shares. The proposal attracts Press Note 1 of
2005.
0.75
ECONOMICAFFAIRS
16 M/sZeeEntertainment
EnterprisesLtd.
2.
Transferoffullypaidequitysharestoanoverseasentity
belongingtothePromotersGroup,foruplinkinganon NoFreshInflow
newsandcurrentAffairsTVchannel.
Thefollowing13(Thirteen)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sBEEKAYDASSIndia Transfer of shares from Resident shareholders to NRI. The company is
Pvt.Ltd.
engagedintheteaplantation.
2 M/sClivetTFAirSystems Toissuesharesforotherthancashconsideration.
(P)Ltd.,Bangalore
3 M/sNRHytechEngineers Expostfactoapprovalforissuanceofsharesagainstimportofmachinery.
pvt.Ltd.,Thane
4 M/sJindalSawLtd.,Uttar To allot warrants under guidelines for preferential issues as contained in
Pradesh
ChapterXIIIoftheSEBIGuidelines,2000.
5 M/sSahajanandMedical Transferofsharesbywayofshareswap.TheIndiancompanyhasoneSSI
TechnologiesPvt.Ltd.,
Unit.
Surat
6 M/sKSOilsLimited,
MadhyaPradesh
The issuance and allotment of warrants (as well as full paidup equity
shares to be issued on conversion of such warrants) to the Foreign
Investors.
7 M/sBigDrumIndiaPvt.
Ltd.,Hyderabad
8 M/sDishTVIndiaLtd.,
Toissueconvertiblebonds,convertibleintoequitysharesataconversion
priceasspecifiedinanofferingcircularinrelationtheretoandonterms
and conditions mentioned thereunder, to such persons resident outside
India,asmaybepermissibleundertheapplicablelaws.
9 M/sISNIElectricPower
CompanyPvt.Ltd.,USA
TomakeanamendmentintheFCapprovalletter.
10 M/sUnitedBreweries
(Holdings)Limited,
Bangalore
Expostfactoapprovalfor(i)issueoffullyconvertibleequitywarrants,and
(ii) for allotment of fully paid up equity shares on conversion of
convertibleequitywarrants.
11 M/sUnitechWireless
(Tamilnadu)Pvt.Ltd
Toincreasetheforeignshareholdingupto74%.
12 M/sRishPte.Ltd.
TransferofsharesfromanerstwhileOCBtoNR.
13 M/sExensysSoftware
SolutionsLtd.
3.
Thefollowing2(Two)proposalshavebeenrejected:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
4.
Thefollowing1(One)proposalhasbeenadvisedtoaccessautomaticroute:
Sl.
Nameofthe
Particularsoftheproposal
No
applicant
FDI/NRI
inflows(Rs.
InCrore)
1 M/sCelebiHava
To set up a special purpose company (Joint Venture company) Amountnot
ServisiA.S.(Celebi), with a foreign equity of 74% to upgrade, modernize, finance, specified
Turkey
operate,maintainandmanagetheexistingCargoterminal.The
proposalattractsPressNote1of2005.
5.
Thefollowing01(One)proposalhasbeennoted:
Sl. Nameofthe
No. applicant
Particularsoftheproposal
1 M/sCargilIndiaPvt. Totransferalltheapprovallettersinaccordancewiththeorders
Ltd.,
passed by the Honble High Court of Delhi sanctioning the
schemeofamalgamation.
FDI/NRI
inflows(Rs.In
Crore)
Nil
6.
In the proposal of M/s ByCell Telecommunication India Pvt. Ltd., all FC approvals have been
revoked.
*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 21st August, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB)
in its meeting held on 17th August, 2007, Finance Minister, Shri P. Chidambaram has
approved 20 proposals of Foreign Direct Investment amounting approximately to Rs.
1078.6526 crore. The proposals related to Ministries/Departments, namely, Commerce,
Information & Broadcasting, Industrial Policy & promotion, Bio-technology, Micro,
Medium & Small Enterprises, Telecommunications and Economic Affairs. The major
investment proposals pertain to the Ministries/Departments of Industrial Policy &
Promotion & Economic Affairs
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS (FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI-Data Unit)
NOTICE
Applicants who want to get their approval letters collected
personally are requested to send their request latest by 5.00 P.M.
on 22nd August, 2007 at Fax No.2309 4084/2309 2477. No further
requests will be entertained later and the approval letters would be
sent by SPEED POST.
The authorized person for collection of FC approval should carry a
photo identity, a proper authority letter, duly signed by the
authorized signatory of the applicant/authorized consultant. The
authority letter should also contain a specimen signature of the
authorized person. Approval letter shall not be handed over to
person without the above documents.
DetailsofproposalsapprovedintheFIPBMeetingheldon17.8.2007
Sl. Nameoftheapplicant
Particularsoftheproposal
No.
COMMERCE
1 M/s.SAETIndiaPvt.Ltd.
Mumbai
FDI/NRI
inflows
(Rs.In
crore)
ProposalattractsPN1/05
4 M/s.BlackstoneGPV
FDI into an operatingcumholding company SKR BPO 447.20
CapitalPartnersMauritius servicesandtomakefurtherdownstreaminvestment
VB.Ltd.Mauritius
bywayofacquisitionofexistingshares
INFORMATION & BROADCASTING
5 M/s.GroupMIndia
Induction of foreign equity upto 100% in a company 1.6426
HoldingB.V.Netherlands engaged in advertising business. Proposal attracts
PressNote1(2005series)
SCIENCE & TECHNOLOGY (BIO-TECHNOLOGY)
6 M/s.ActisBiologicsPvt. IssueofsharestoM/s.ActisBiologicsInc.USAagainst Nofresh
Ltd.Mumbai
transferoftechnicalknowhow andgoodwill.Company inflow
engaged in pharmaceutical sector using rDNA
technology
ECONOMIC AFFAIRS
7 M/s.IssarPharmaceuticals Issue of shares against considerations other than Nofresh
Ltd.,Hyderabad,A.P.
cash. Proposal is for issue of shares against inflow
expenditureincurredoverseasandloanadvancedby
the NRI owner. Company engaged in pharmaceutical
sector
8 M/s.ARESInvestments
InductionofforeignequityinaholdingcompanyRane 1.00
LLC,Mauritius
Holdings Limited, holding downstream subsidiaries
engagedinmanufacturingofautomobileparts.byway
of acquisition. Proposal attracts Press Note 1 (2005
series)
9 M/s.WilmetteHoldings
Ltd,Mauritius
InductionofforeignequityinDelhiStockExchangeby10.61(with
wayofacquisitionof5%oftheshares
premium)
10 M/s.NoorFinancial
InvestmentCompany,
Kuwait
COMMERCE
11 M/s.Mitsubishi
Corporation(I)Pvt.Ltd.,
Delhi
InductionofforeignequityinDelhiStockExchangeby 10.61(with
wayofacquisitionof5%oftheshares
premium)
19 M/s.IkarusIndustrial
InductionofforeignequityinDelhiStockExchangeby10.61(with
PetroleumCompany,
wayofacquisitionof5%oftheshares
premium)
Kuwait
20 M/s.KuwaitPrivatization InductionofforeignequityinDelhiStockExchangeby10.61(with
ProjectsHoldingCompany,wayofacquisitionof5%oftheshares
premium)
K.S.C.Kuwait
TotalRs.1078.6526crore
2.
Thefollowingproposalshavebeendeferred
1. M/s.RajasthanLeatherIndustriesLtd.,Jaipur
2. M/s.KazstroyServicesPlc.UK
3. M/s.BhupendraKumarModi,NRI
4. M/s.BraitrimIndiaPvt.Ltd.,UK
5. M/s.E18Ltd,Cyprus
3.
TheproposalofM/s.PassportIndiaInvestments(Mauritius)Ltd.hasbeenrejected.
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the August 17, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on July 24, 2009, Government has approved 10 Proposals of Foreign Direct Investment
amounting to Rs. 1123.059 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
July 24, 2009
Following 10 (Ten) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Industria de Diseno
Texti, Sociedad Anonima
Spain (Inditex S.A.)
23.58
30.00
ECONOMIC AFFAIRS
3 M/s Pridhvi Asset
Reconstruction and
Securitization Company
1.00
Nil
1.52
0.009
ECONOMIC AFFAIRS
8 M/s United Breweries
(Holdings) Limited,
Bangalore
218.96
97.99
2.
750.00
9 M/s ByCell
A decision is required to be taken in the light of the High Courts
Telecommunication Pvt. directions that any representation made by ByCell is to be considered by
Ltd.,
FIPB and MHAs objections to security credentials of the company.
3.
6.
Sl.
No
The company has requested for further time to bring in the additional
amount to meet the specified norms of USD 50 million and to allow the
CoR granted by the RBI to remain valid as the company continues to be
engaged in NBFC business.
The following 1 (One) proposal has been was withdrawn from the agenda.
Name of the applicant
Particulars of the proposal
FDI/NRI inflows
(Rs. In Crore)
96.28
7.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore.
Sl.
Name of the applicant
Particulars of the proposal
FDI/NRI inflows
No
(Rs. In Crore)
1 M/s Forum Synergies
(India) Fund Managers P
Ltd.,
*****
651.03
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the August 17, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on August 5, 2011, Government has approved 18 Proposals of Foreign Direct Investment
amounting to ` 122.79 crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 05.08.2011
Following 18 (Eighteen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
CORPORATE AFFAIRS
1 M/s Axiom Consulting
Pvt. Ltd., Bangalore
Nil
0.05
No fresh inflow
TEXTILES
4 M/s Om Pile Pvt. Ltd.,
Gujarat
5.85
Nil
COMMERCE
5 M/s Apeejay Surrendera
Corporate Services Ltd.
Nil
81.62
TELECOMMUNICATIONS
8 M/s Alan Dick &
To amend the clause 2 of the FC approval and to add the
Company (India) Pvt. Ltd. IP-I activities like establish and maintain the assets such
as Dark Fibres, Right of way, Duct space and Tower.
CIVIL AVIATION
Nil
17.77
DEFENCE PRODUCTION
10 M/s Spiral EHL
Engineering Pvt. Ltd.,
Delhi & Haryana
4.08
3.51
2.24
Nil
No Inflow
3.75
TOURISM
15 M/s Harsh Intertrade
Private Limited,
Ahmedabad
URBAN DEVELOPMENT
16 M/s Shiva Regency Pvt.
Ltd., Ahmedabad
3.75
Ex-post-facto approval for capitalisation of the preincorporation and preliminary expenses to carry out the
business of Marketing and sales support services.
0.17
SHIPPING
18 M/s Anuradha Holdings
Pvt. Ltd.
2.
Sl.
Name of the applicant
Particulars of the proposal
No
1 M/s Jindal Agro
Transfer of shares by way of share swap. The company is engaged in the
Processing Pvt. Ltd.,
business of manufacture and export of ready to eat food.
Gujarat
10
11
Ex-post facto approval for issue of partly paid shares. The company is
engaged in the business of development of software, web-development and
economic activities which provide online, interactive websites for the
posting, promotion, search, sale and resale of items via global computer
network (Internet).
M/s Singpai Pte Ltd.,
Induction of foreign equity into an Indian company to carry out the
Singapore
business of manned guarding investigations, electronic security systems
and cash management services.
M/s Burda Gesellschaft mit To set up a WoS to engage in the business of (a) publication of magazines/
BeschrAnkter Haftung,
periodicals/ journals focussing on lifestyle, entertainment, fashion, iterrior
Germany
design/ decoration, cars and computer; publishing Indian editions of
foreign titles and also editions of Indian titles; (b) custom publishing for
third party; and (c) events and matters related to publication of magazines/
periodicals/ journals and promotional activities.
M/s Sprint International
Induction of foreign equity into an Indian company to provide wirelineHolding Inc., Overland
based national long distance, international long distance and Internet
Park
services as well as advanced managed network services to companies
operating in India.
M/s Aveo Real Estate
Ex-post-facto approval for capitalization of initial incorporation expenses
Holdings Pvt. Ltd.
paid to consultants. The company is engaged in the business of making
investment in construction development activities, compliant with FDI
policy.
M/s Rahimafrooz Batteries To set up a WOS to undertake import and wholesale distribution of
Ltd., Bangladesh
batteries and providing after sales services in India by a company from
Bangladesh.
M/s Allcargo Global
Ex post facto approval to issue and allot optionally convertible warrants to
Logistics Ltd., Mumbai
carry out the business of logistics business comprise of the Multi-modal
Transport Operations, Inland Container Depot/Container Freight Stations,
Project Cargo Handling, Equipment Hiring, Warehousing.
M/s Indian Rotorcraft Ltd., Induction of foreign equity to carry out the business of final assembly of
Mumbai
both military and civil versions of helicopters.
15 M/s Essar Capital Holdings Acquisition of equity shares by way of subscription to new equity shares
(India) Ltd., Mumbai
and/or purchase of existing equity shares in an investing company engaged
in the telecom sector.
3.
Sl.
Name of the applicant
Particulars of the proposal
No
1 M/s Indigo Music Pvt.
To issue shares against providing information, consultancy, technical
Ltd., Bangalore
support, etc.
2 M/s Cimac Automation
Pvt. Ltd., Bangalore
3 M/s Kae Capital Trustee
Company Pvt. Ltd.,
Mumbai
4 M/s Fine Publishing India
Pvt. Ltd., Delhi
4.
Sl.
No
Name of the
applicant
1 M/s CoreObjects
Pvt. Ltd.
5.
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl. No.
1
FDI/NRI
inflows
(` in crore)
Nil
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 30th January , 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 18th January, 2008, Finance Minister, Shri P. Chidambaram has approved 34
proposals of Foreign Direct Investment amounting approximately to Rs. 2288.40 crore. The
proposals related to Ministries/Departments, namely, Chemicals & petro-chemicals, Commerce,
Health & Family Welfare, Industrial Policy & Promotion, Information & Broadcasting, Posts,
Telecommunications, Urban Development and Economic Affairs. The major investment
proposals pertain to the Ministries/Departments of Commerce, Information & Broadcasting,
Telecommunications, Urban Development and Economic Affairs
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 31st January, 2008
at Fax No.2309 4084/2309 2477/23094172 No further requests will be
entertained later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Sd/( P.K. BAGGA )
OSD(CM & I)
FDI/NRI inflows
(Rs. In crore)
1.50
0.74
3.1
55.28
34.00 (approx)
0.40
No fresh inflow
0.25
180.00
No fresh inflow
200.00
No fresh inflow
No fresh inflow
17.18
25.00
No fresh inflow
400.00
No fresh inflow
No fresh inflow
URBAN DEVELOPMENT
26.00
Induction of foreign equity from Starlight
33 M/s. Starlight Real
Investment UK into Augustus Avani Land
Estate (ASCOT)
Developers Ltd. ( * )
Mauritius Ltd
INFORMATION & BROADCASTING
34 M/s. B.A.G. Films & Induction of foreign investment in a holding 2.05
Media Ltd, Noida
company having downstream investment in
the companies to be engaged in uplinking
news channels, nonnews channels and FM
Radio
(*) Repatriation of investment before the completion of minimum lockin period of 3 years
in Orlanda Real estate India Ltd (rejected)
2.
The proposal of M/s. Hindustan Coca-cola Pvt. Ltd. has been recommended for the
consideration of Cabinet Committee on Economic Affairs (CCEA).
3.
4.
M/s. HT Media
Ltd.
M/s. Thuraya
Satellite
Telecommunicati
ons Company,
PJSC, UAE
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 30th May 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB)
in its meeting held on 18th May, 2007, Finance Minister, Shri P. Chidambaram has
approved 23 proposals of Foreign Direct Investment amounting approximately to Rs.
418.3333 crore. The proposals relate to Ministries/Departments, namely, Agriculture &
Cooperation, Commerce, Food & Public Distribution, Heavy Industry, Information &
Broadcasting, Industrial Policy & Promotion, Power, Telecommunications and Economic
Affairs. The major investment proposals pertain to the Ministry/Departments of
Commerce, Telecommunications and Economic Affairs.
To
Deputy Director General ( M&C)
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
Applicants who want to get their approval letters collected
personally are requested to send their request latest by 5.00 P.M.
on 31st May, 2007 at Fax No. 2309 4084. No further requests will
be entertained later and the approval letters would be sent by
SPEED POST.
The person who comes to collect the approval letters should be
properly authorized by the authorized signatory of the applicant or
the consultants of the company, if they have been authorized by the
company.
Sd/( D.K. Singh )
Director ( Inv. & FIPB)
FDI/NRI inflows
(Rs. In crore)
COMMERCE
1.
M/s. Christan Dior Couture
1.10
2.
0.15
HEAVY INDUSTRY
3.
M/s. Vestas Wind Technology Conversion of operating company into
No immediate
India Pvt. Ltd. Chennai
operating-cum-holding company. Company inflow
is engaged in the manufacture of Wind
Turbine Generators
INFORMATION & BROADCASTING
4.
M/s. INX Media Pvt. Ltd. Induction of foreign equity upto 46.216% in 4.62
Mumbai
a company engaged in the business of
uplinking entertainment channel
broadcasting
5.
M/s. TV-18 HSN Holdings To set up a 100% subsidiary to be engaged 0.21
Ltd, Cyprus
to undertake the up-linking and
broadcasting of a General entertainment
and infomercial television channel
6.
M/s. Thomson Holdings B.V. To undertake activities of publishing/printing No fresh inflow
Netherlands
of books/IT besides other activities through
one additional subsidiary
POWER
7.
M/s. Ind-Barath Power Infra Induction of FDI into an operating-cum8.7308
Private Limited, Hyderabad holding company. The company is engaged
in providing operation and maintenance
services for power plants through various
downstream subsidiaries.
ECONOMIC AFFAIRS
8.
M/s. Inter-public Mauritius Induction of foreign equity upto 51% in M/s. 0.2075
Limited, Mauritius
Lintas India Private Limited engaged in
outdoor advertising, market research, direct
marketing, rural communications, PR and
events. Proposal attracts Press Note 1
(2005 series)
9.
M/s. Bharat Earth Movers Issue and allot equity shares upto 20% to
4.9
Ltd., Bangalore
NRIs, FIIs, FVCIs registered with SEBI and
other permitted persons/entities. The
company is engaged in dealing in heavy
earthmoving equipment, railway rolling
stock and defence equipment and
aggregates.
10.
M/s. Continuum Systems Pvt. Transfer of shares by way of share-swap. No fresh inflow
Ltd. Gurgaon
Company is engaged in software
development & business Process
Outsourcing
11.
12.
13.
M/s. Rising Sun Die Castings Induction of foreign equity upto 30% in a
Pvt. Ltd. Pune
company engaged in the manufacture of
Aluminium castings required for various
parts of vehicles. Proposal attracts Press
Note 1 (2005 series).
COMMERCE
14.
M/s. SSIPL Retail Pvt. Ltd.
Induction of additional foreign investment
(earlier Moja shoes Pvt. Ltd.) upto 20% and approval of existing NRI
investment in a company proposed to be
engaged in Single Brand retailing
INFORMATION & BROADCASTING
15.
M/s. BBC Worldwide Ltd. Freezing of FII/NRI/FDI equity in the
London
promoter company Midday and
corresponding reduction in foreign equity of
BBC worldwide in RMW, a company
engaged in the business of FM radio,to
conform to FDI sectoral cap of 20% in FM
radio
ECONOMIC AFFAIRS
16.
M/s. Mettler-Taledo India Pvt. Conversion of operating company into
Ltd.
operating cum holding company to make
further downstream investments. Company
is engaged in the manufacture of industrial
scales and laboratory balance
17.
M/s. UBS (India) Pvt. Ltd.
Acquisition of existing NBFC companies as
operating subsidiaries by acquiring the
existing shares
18.
M/s. Seven Hills Business Issue of sweat equity shares to its NRI
Solutions Ltd.
directors. Company is engaged in
Development of Computer software
19.
0.06
0.13
0.015
26.50
No fresh inflow
0.01
224.10
No fresh inflow
TELECOMMUNICATIONS
20.
M/s. BT Telecom India Pvt. Change in the status of operating company 142.60
Ltd.
into operating cum holding company to
make downstream investments
AGRICULTURE & COOPERATION
21.
M/s. Seed Works (I) Pvt. Ltd. Taking up additional activities of R&D,
No fresh inflow
marketing and export of improved varieties
of Field crops and related marketing
activities.
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the June 18, 2013
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on May 10, 2013, Government has approved 16 Proposals of Foreign Direct Investment
amounting to ` 1646.875 crore approximately.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 2309 4084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 10.05.2013
Following 16 (Sixteen) proposals have been approved.
Sl.
No.
3 M/s Samvardhna
Motherson International
Limited
4 M/s Celio International
Belgium
108.50
270.00
Nil
39.50
1.12
Nil
Nil
Nil
90.00
11
12
13
14
FDI/NRI inflows
(` In crore)
Nil
105.00
22.375
Nil
Nil
48.64
961.74
Sl.
No
Cmpany engaged in the business of Infrastructure Provider CategoryI (IP-I), in telecom sector to undertake additional activities and
consequently proposes to reduce FDI from 100% to 74%.
8 M/s P5 Asia Holding
NR to NR transfer of shares to carry out the business of (a)
Investments (Mauritius) Broadcasting a non- news and current affairs television channel
Limited, Mauritius
namely StarCJ alive Channel; (b) wholesale cash and carry trading
of products; and (c) creation of home shopping content for broadcast
through any and all mediums, including the channel, all within
India.
3.
The following 2 (Two) proposals have been recommended to advise the applicant that
the proposals are not within the purview of FIPB:
Sl.
Name of the
Particulars of the proposal
No
applicant
1 Dr. A. Jawahar
Post facto approval for regularization of equity shares. The company is
Palaniappan, USA
engaged in the activity of printing magazines, telephone directories, text
books, etc.
2 M/s Akzo Nobel
Conversion of unsecured loan into capital grant in the chemicals &
India Ltd., Kolkata paints sector.
4.
*****
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the May 19, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on May 7, 2010, Government has approved 24 Proposals of Foreign Direct Investment amounting
to Rs. 1412.19 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 07.05.2010
Following 24 (Twenty four) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
28.40
M/s Haver Standard India Ex-post-facto approval for issue of partly paid up equity
Pvt. Ltd., Mumbai
shares to carry out the manufacture and export of
Woven Wire Mesh, Spinneret Disk Filters/Candle Filters,
Demister Pad, Mister Screen, Knit mesh Column,
packing Pads, Silver Wire cloth, Silver Granules and
Silver Knitted Mesh.
1.73
COMMERCE
2
CORPORATE AFFAIRS
3
Nil
HEAVY INDUSTRY
4
0.07
0.09
4.00
MINES
6
POWER
7
M/s Jyoti Structures Ltd., To issue detachable warrants on a right basis to its
Mumbai
existing equity shareholder, including NRIs and FIIs.
125.00
113.00
SHIPPING
9
M/s Forbes Bumi Armada Ex-post-facto approval for the issue of partly paid up
Ltd., Mumbai
equity shares.
0.24
TELECOMMUNICATION
10 M/s Tejas Networks Ltd., Transfer of shares by way of share swap to undertake
Bangalore
the business of R&D in India to build telecom products,
designs, develop and sells optical networking equipment
to telecommunications operators worldwide.
Nil
TOURISM
11 M/s Carlson Hotels Asia
Pacific Investments Pte.
Ltd., Singapore
0.32
12 M/s Jalan
Intercontinental Hotels
Pvt. Ltd., Kolkata
30.00
FOOD & PUBLIC DISTRIBUTION (Dte of Vanaspati, Vegetable Oil & Fats)
13 M/s Adani Wilmer
Limited
Nil
15 M/s SG Wealth
Management solutions
Pvt. Limited
240.00
Nil
Nil
425.00
URBAN DEVELOPMENT
18 M/s Isolux Corsan India
Engineering &
Construction Pvt. Limited
Nil
99.93
ECONOMIC AFFAIRS
19 M/s Valuable Media
Limited, Mumbai
324.00
No Fresh Inflow
ECONOMIC AFFAIRS
23 M/s Ascendas IT Park
(Pune) Private Limited
20.41
2.
No Inflow
14 M/s S Tel Private Limited, To issue/allot fully paid-up fresh equity shares to undertake the business
Gurgaon
of providing telecommunications services in India.
15 M/s Telcordia
Technologies Inc. USA
Increase in the foreign equity from 49% to 74% in the telecom sector.
3.
M/s Coreobjects Software Transfer of shares by way of share swap to undertake the business of
Inc. USA
Software Development/ IT enabled services.
M/s Gremach
Infrastructure
Equipments & Projects
Ltd., Mumbai
M/s Jaipur IPL Cricket Pvt To induct 100% foreign equity by way of issue of shares for consideration
Ltd.
other than cash.
4.
Sl.
No
The following 01 (One) proposal has been advised to access automatic route:
Name of the applicant
Particulars of the proposal
FDI/NRI inflows
(Rs. In Crore)
3.4
The following 01 (One) proposal has been withdrawn from the Agenda:
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the July 19, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on July 6, 2011, Government has approved 31 Proposals of Foreign Direct Investment amounting
to ` 3844.70 crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 06.07.2011
Following 31 (Thirty one) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)
CIVIL AVIATION
1 M/s Celebi Hava Servisi
A.S. Turkey
CORPORATE AFFAIRS
2 M/s Cox & Kings Ltd.,
Mumbai
To allot warrants together with secured redeemable nonconvertible debentures (NCDs) and/or equity shares
and/or convertible securities other than warrants
(Convertibles), through a Qualified Institution
Placement (QIP) to the non-resident Qualified
Institutional Buyers (QIBs) to carry out the business of
Leisure travel services, corporate travel services, visa
processing services and foreign exchange services.
750.00
ECONOMIC AFFAIRS
3 M/s Europ Assistance India Ex-post-facto approval for conversion of prePvt. Ltd., Mumbai
incorporation expenses to carry out the business of
providing services related to travel, automobile and
medical and act as logistic inhouse for travel related
activity.
4 M/s GGV Managerial
To issue shares against the amount received upon
Services Pvt. Ltd.,
termination of the lease to carry out the business of
Hyderabad
development and implementation of managerial and
technical support systems for processing, electronic
filing, accounting processes, expense management,
budgeting.
5 M/s InMobi Technologies Transfer of shares by way of share swap to carry out the
Pvt. Ltd., Bangalore
business of Developing software and licensing it to
Advertising Network related business.
6 M/s Vertex Securities Ltd. Ex-post-facto approval for non-compliance of minimum
capitalization norms.
0.15
0.16
No Physical
inflow
1.70
FINANCIAL SERVICES
7 M/s Deepshikha Trading
To allow conversion of non repatriable shares purchased
Company Pvt. Ltd., Kolkata on payment of foreign exchange into repatriable shares, No Fresh Inflow
so as to enable its sale to Resident companies.
8 M/s Asia Pragati Capfin
Conversion of an operating company into an operating
Pvt. Ltd., Delhi
cum investing company to make downstream investment
No Fresh Inflow
in various Indian companies, including Venture Capital
Funds, Private Equity Funds and Mutual Funds.
9 M/s Multiples Pvt. Equity To issue units, to make investments in securities of the
Fund Scheme-1, Mumbai Indian companies and to distribute income realized on its
1000.00
investment.
79.14
POWER
11 M/s Hinduja Energy (India) Induction of foreign equity into an Indian company which
Ltd., Mumbai
does not have any operations and also does not have any
downstream investments.
400.00
STEEL
12 M/s Stemcor Holdings Ltd., Acquisition of shares by way of share swap in mining
No Fresh Inflow
UK
sector.
TOURISM
13 M/s Middle East Hotel
Company Pvt. Ltd., Kerala
URBAN DEVELOPMENT
14 M/s Brahma Center
Development Pvt. Ltd.,
Delhi
62.00
COMMERCE
15 M/s
Ferragamo
International
B.V.
Netherlands
(M/s
Ferragamo Retail India Pvt.
Ltd.
Nil
ECONOMIC AFFAIRS
16 M/s Ghir Investments
(Mauritius) Ltd.
Included in
earlier approval
Not available
21.54
ECONOMIC AFFAIRS
19 M/s Natixis Global Asset
Management, France
300.00
852.60
21 M/s BNP Paribas S.A. Paris To set up a WoS to act as an investing company.
225.00
DEFENCE PRODUCTION
22 M/s NCBG Holdings, Inc.,
Cayman Islands
4.45
24 M/s Interglobe Enterprises To set up separate joint venture companies to run duty
Ltd.
free shops at specified International Airports.
No Inflow
Nil
4.59
TELECOMMUNICATIONS
26 Mr. M. Rezaul Hassan and Ex post facto approval to set up a WOS to undertake the
Ms. Monnujan Nargis,
business of Software development Services by citizens of
Bangladesh
Bangladesh.
0.01
ECONOMIC AFFAIRS
27 M/s Status Infin (India)
Pvt. Ltd., Hyderabad
45.00
17.36
45.00
Nil
TELECOMMUNICATIONS
31 M/s B4U Television
Network (India) Pvt. Ltd.
36.00
2.
Ex-post-facto approval for induction of foreign equity to carry out the business
of providing security services.
15 M/s UT Starcom
India Telecom
Private Limited
16 M/s Essar Capital
Holdings (India)
Ltd., Mumbai
17 M/s Harsh
Intertrade Private
Limited,
Ahmedabad
18 M/s Shiva Regency
Pvt. Ltd.,
Ahmedabad
3.
2 M/s Verizon
Communications
India Pvt. Ltd.
3 M/s ASP Sealing
Products Ltd.
4.
The following 2 (Two) proposals have been advised to access automatic route.
Sl.
No
Name of the
applicant
5.
The following 1 (One) proposal has been withdrawn from the Agenda.
Sl.
No.
1 M/s TM Harbour Services Pvt. Ltd.
*****
FDI/NRI
inflows
(` in crore)
0.02
0.05
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the August 19, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on August 06, 2010, Government has rejected the representation made by Tinna Finnex Ltd., for
revocation of the approval granted to M/s ADM Interoceanic Ltd., Mauritius.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094193
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 19, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on September 2, 2011, Government has approved 12 Proposals of Foreign Direct Investment
amounting to ` 242.88 crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 02.09.2011
Following 12 (Twelve) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)
INFORMATION TECHNOLOGY
1 M/s World Infotech Pvt. Ex-Post facto approval for issue of partly paid
Ltd., Hyderabad
equity shares to non -resident investor to carry out
the business of I.T. Enabled Services-Medical
Transcription & Software Development.
0.08
POWER
2 M/s PTC India Financial Transfer of shares by way of share swap to carry out
Services Ltd., Delhi & the business of Power Generation.
Haryana
No Fresh
Inflow
CONSUMER AFFAIRS
3 M/s ADM Investor
Services International
Ltd.
3.21
0.92
No inflow
No inflow
CIVIL AVIATION
7 M/s Air Charter Service To incorporate a company for the purpose of
Group Plc.
providing brokerage services for aircraft charter
with foreign investment of 74 percent.
0.81
CORPORATE AFFAIRS
8 M/s Allcargo Global
Logistics Ltd., Mumbai
141.36
0.23
DEFENCE PRODUCTION
10 M/s Indian Rotorcraft
Ltd., Mumbai
17.42
66.00
HOME AFFAIRS
12.85
2.
In addition to the above, the transactions relating to transfer of shares of M/s Vodafone Essar
Limited from Mauritius based Non- resident (NR) to NR (M/s Essar Communications Limited,
Mauritius and Esssar Com Limited to M/s Euro Pacific Securities Limited [indirect subsidiary of
Vodafone International Holdings B.V]) was taken up as a proposal (Item No. 33A) on the basis of
information supplied by the company and inputs of the committee headed by AS & DG, DoC. The
same has been approved. Since the transaction is between NR to NR, there is no foreign equity inflow.
3.
2 M/s Ace Derivatives and To transfer equity shares to FIIs such that the holding of each FII
Commodity Exchange
will not exceed 5 per cent of the equity of the company. The
Limited, Mumbai
company is engaged in the business of Commodity Exchange.
3 Mr. Ankit N Patel,
Gujarat
5 M/s Cellcast Interactive To undertake the additional activities of setting up of three NonIndia Pvt. Ltd., Mumbai news and current affairs Television channels in Hindi, Tamil and
Telugu in India.
6 M/s 9X Media Pvt. Ltd. (i)
To increase foreign equity participation from 80% to upto
100%. (ii) To make downstream investments upto 100%.
7 M/s Walt Disney
To increase foreign shareholding from 48.02 percent to upto 100
Company (Southeast)
percent to carry out the business of (i) film distribution, (ii) content
Asia Pte Ltd.
development and distribution, (iii) animation productions, and (iv)
through downstream to undertake broadcasting business, by uplinking one or more general entertainment (not being news and
current affairs) channel, in addition to the existing activities.
8 M/s Rahimafrooz
Batteries Ltd.,
Bangladesh
11 M/s Hughes
Communications India
Ltd.
12 M/s Cordia International To increase shareholding from 49 percent to 74 percent to carry out
Corp., USA
the business of telecommunication and act as a services provider.
Services include but are not limited to the provision of IP
communication services and related services, technology related
products and services, web hosting, collection and ISP services.
4.
7 M/s AOS Holding India To set up a JV company to undertake the business of Real estate
S.A.S. France
agents, brokers and managers engaged in renting, buying and
selling, managing and appraising real estate on a contract or fee
5.
The following 1 (One) proposal has been advised that FIPB approval is not required.
Sl.
No
Name of the
applicant
FDI/NRI
inflows
(` in crore)
1 M/s MBNA
Indian Services
Pvt. Ltd.,
Bangalore
6.
The following 01 (One) proposal has been withdrawn from the Agenda.
Sl. No.
1
*****
1.40
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the November 18, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on November 3, 2010, Government has approved 13 Proposals of Foreign Direct Investment
amounting to ` 1710.63 Crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 03.11.2010
Following 13 (Thirteen) proposals have been approved.
Sl.
No.
FDI inflows
(` in crore)
ECONOMIC AFFAIRS
1 M/s Indopark Holdings
Ltd., Mauritius
4.5
HEALTH
2 M/s Alaguraj
Rajendramani, Tamil
Nadu, M/s Torunskie
Zaklady Materialow,
Opatrunkowych S.A,
Poland
3 M/s Alaguraj
Rajendramani, Tamil
Nadu, M/s Torunskie
Zaklady Materialow,
Opatrunkowych S.A,
Poland
0.63
0.63
FINANCIAL SERVICES
4 M/s Astro Project
Holdings Limited,
Mauritius
0.00005
38.76
0.49
0.22
STEEL
6 M/s Metal One
Corporation, Japan
ECONOMIC AFFAIRS
7 M/s Gullco International
India Pvt Ltd
TELECOMMUNICATIONS
8 M/s Sterlite Technologies To make an amendment in the FC approval to enter new
Ltd
areas of activities.
Nil
CIVIL AVIATION
9 M/s GMR Airports
Holding Limited,
Bangalore
ECONOMIC AFFAIRS
10 M/s Falcon Tyres Ltd.,
Karnataka
705.40
Nil
12 M/s SIDOFI
Communications
Investments Ltd.
Nil
TELECOMMUNICATIONS
13 M/s Telecordia
Technologies Inc. USA
2.
Nil
5 M/s Verizon
Communications India
Pvt. Ltd.
9 M/s Metrix Ventures Pvt. Induction of foreign equity to undertake activity of infrastructure provider
Ltd., Kolkata
category I.
10 M/s Wireless Broadband Induction of foreign equity to carry out the business of internet and
Business Services
broadband services.
(Haryana) Pvt. Ltd., Delhi
11 M/s Wireless Broadband
Business Services (Delhi)
Pvt. Ltd., Delhi
12 M/s Wireless Broadband Induction of foreign equity to carry out the business of internet and
Business Services (Kerala) broadband services.
Pvt. Ltd., Delhi
13 M/s Alan Dick & Company To undertake the additional activity relating to infrastructure provider (IP
(India) Pvt. Ltd., Thane
Category I).
3.
14 M/s Flagship
Infrastructure Pvt. Ltd.,
Mumbai
2 M/s Duke Corporate Education To issue shares for consideration other than inward remittances.
India Pvt. Ltd., Ahmedabad
3 M/s Everstyle Hotel Supplies
India Private Limited, Delhi
6.
The following 1 (One) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposal is above ` 1200 crore:
Sl.
No
Name of the
applicant
FDI inflows
(` in Crore)
2389.37
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the 26th March, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on 20th March, 2009, Government has approved 26 Proposals of Foreign Direct Investment
amounting to Rs. 1042.915 Crore approximately. The proposals relate to Min istries/Departments,
namely, Commerce, Economic Affairs, Heavy Industries, Industrial Policy & Promotion, Information &
Broadcasting, Home Affairs, Petroleum & Natural Gas, Railways, Civil Aviation and
Telecommunication.
(Prabodh Saxena)
Director (FIPB)
7 23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
20.03.2009
Following 26 (Twenty six) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Vitra India Pvt. Ltd,
Mumbai
0.17
131.33
2.46
No Fresh Inflow
ECONOMIC AFFAIRS
No Fresh Inflow
2.50
258.53
No Fresh Inflow
No Fresh Inflow
HEAVY INDUSTRIES
11 M/s Samvardhana
Motherson Finance Ltd
208.26
No Fresh Inflow
COMMERCE
13 M/s Allergan Inc, USA
No Fresh Inflow
No Fresh Inflow
HOME AFFAIRS
16 M/s Asianet
Infrastructure Pvt. Ltd.
0.63
No Fresh Inflow
51.37
RAILWAYS
18 M/s Patil Rail
Infrastructure Pvt. Ltd.
COMMERCE
19 M/s John Deere
To set up a JV to carry out the manufacturing, marketing
Construction & Forestry, and distribution of all types of construction equipments.
USA
The proposal attracts Press Note 1 of 2005.
84.00
ECONOMIC AFFAIRS
20 M/s Tanla Solutions Ltd., Conversion of operating company into operating cum
Hyderabad
holding company to make downstream investments.
21 M/s BNP Paribas
Securities Services Ltd.,
France
31.50
9.065
31.08
0.11
17.33
CIVIL AVIATION
22 M/s DNATA, UAE
TELECOMMUNICATION
HEAVY INDUSTRY
25 M/s TRW Aftermarket
Asia Pacific Pte Ltd.,
Singapore
0.09
ECONOMIC AFFAIRS
26 M/s NSK Holding Pvt. Ltd. Transfer, issue of equity shares and/ or compulsory
convertible instruments into equity shares to Foreign
Collaborator. To acquire the status of foreign owned
Indian holding company and to make downstream
investment.
214.49
2.
3 M/s Comecer S.P.A. Italy To set up a WOS for undertaking the activities of trading of items sourced
from small sector and Test marketing.
4 M/s Sandvik Asia Ltd.,
Pune
To induct FDI to carry out the activity comprising of Tooling, Mining and
Construction and Material Technology. The proposal attracts Press Note
1 of 2005.
6 M/s Akar Info-Media Pvt. Induction of fore ign equity by issuing and allotting equity shares to carry
Ltd., Ahmedabad
out the activity of publishing of technical magazines.
7 M/s Ortus Infratel and
Holdings Pvt. Ltd., New
Delhi
To increase the FDI from existing 51% to 74% of the paid up capital of the
company in telecom sector.
3.
3 The Bank of Nova Scotia, To set up a WOS to undertake wholesale trading and hedging in precious
Canada
metals etc.
4.
The following 8 (Eight) proposals have been advised to access automatic route.
Sl.
No
FDI/NRI
inflows (Rs. In
Crore)
2 M/s Banswara Syntex Ltd, Ex-post facto approval for allotment of Redeemable
Banswara
Cumulative Preference Shares to carry out the activities No Fresh Inflow
relating to spinning of stapple fibers etc.
3 M/s NSL Seeds Pvt. Ltd.,
Hyderabad
4 M/s Man
InfraConstruction Ltd.
Mumbai
5 M/s Nimbus
Communications Ltd,
Mumbai.
7 M/s Hughes
Communication India
Ltd., New Delhi
250.00
8 M/s Saket Engineers Pvt. Conversion of operating company into operating cum
Ltd. Hyderabad.
holding company to make downstream investments to
undertake Real estate development projects and to make No Fresh Inflow
downstream investments in entities undertaking FDI
compliant projects/ activities.
5.
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the April 20, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on March 30, 2012, Government has approved 22 Proposals of Foreign Direct Investment
amounting to ` 586.137 crore approximately.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 30.03.2012
Following 22 (Twenty two) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
0.005
STEEL
2 M/s Bhushan Steel
Limited, New Delhi
8.17
514.00
Nil
Nil
Nil
Nil
DEFENCE PRODUCTION
8 M/s Ashok Leyland
Defence Systems Ltd.,
Chennai
ECONOMIC AFFAIRS
9 M/s CSR Technology Ex-post facto approval for the initial capital
(India) Pvt. Ltd., Delhi investment made by two resident Indians on behalf
of the foreign company to undertake design,
development and testing services for GPS Chips
Sets.
0.01
4.24
12.87
Nil
COMMERCE
13 M/s Advent Business
Credit Development
Company Pvt. Ltd.,
Pune
9.002
CORPORATE AFFAIRS
14 M/s Domino Printing
Sciences Plc., UK
No Fresh
Inflow
DEFENCE PRODUCTION
15 M/s Mahindra and
Mahindra Limited,
Mumbai
25.99
ECONOMIC AFFAIRS
16 M/s Samvardhana
Increase in foreign equity in the investing company
Motherson Finance Ltd. through Initial Public Offer (IPO).
Not yet
furnished
No Fresh
Inflow
FINANCIAL SERVICES
18 M/s HSBC Insurance
Services Holdings
Limited, London
1.85
HIGHER EDUCATION
19 M/s Mathletics Private
Limited, Kolkata
No Fresh
Inflow
Nil
Nil
TELECOMMUNICATIONS
22 M/s Cellcast Interactive To undertake the additional activities of setting up of
India Pvt. Ltd., Mumbai three Non-news and current affairs Television No fresh inflow
channels in Hindi, Tamil and Telugu in India.
2.
2 M/s Al Shukur
Company For
Engineering And
Construction LLP,
Vadodara
3 M/s Sunraj Diamond
Exports Limited,
Mumbai
4 M/s SNC-Lavalin
Mauritius Limited,
Mauritius
5 M/s Ordain Health Care
Global Pvt. Ltd.,
Chennai
10
11
12
13
15 M/s Plethico
Pharmaceuticals
Limited, Mumbai
16 M/s Packt Publishing
Private Limited,
Mumbai
3.
1 M/s Verga Attachments Ex-Post facto approval to allot Compulsorily Convertible Debenture
Pvt. Ltd., Karnataka
against amount received through invocation of bank guarantee to
carry out the business of manufacturing of parts and accessories,
necessary for machinery/equipment used by construction and mining
industries.
2 M/s Quest Global
To undertake machining of aerospace parts including structural parts
Manufacturing Pvt.
for defence and participate in defence offset programs.
Ltd., Bangalore
3 M/s YourNest Angel
Induction of foreign investment in a Trust.
Fund Trust
4 M/s Dia Vikas Capital Ex-post-facto approval for non-compliance with minimum
Pvt. Ltd., Gurgaon
capitalization norms for limited period of 72 days from July 21, 2010
to September 2010. The company is engaged in the business of
providing financial support to various Micro Finance Institutions in
India.
5 M/s Kakade British
Approval for non-compliance with the condition regarding
Realties Private
completion of 50 % project within 5 years from the date of obtaining
Limited, Pune
all statutory clearances.
4.
Sl.
Name of the applicant
No
1 M/s Nikit Investments Private Limited, Andhra Pradesh
*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 1st August, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
102 meeting held on 20th July, 2007, Finance Minister, Shri P. Chidambaram has accorded
approval to amendments in the earlier FIPB approval granted to M/s. Autoliv India Pvt. Ltd.
vide letter No. FC.II:244(2000)/256(2000) amended vide letters dated 8.11.2000, 20.8.2001
after considering the representations filed by M/s. IFB Automotive Pvt. Ltd. dated 11.6.2007,
15.6.2007, 26.6.2007, 9.7.2007 and 10.7.2007 and by M/s. Autoliv India Pvt. Ltd. dated
13.6.2007, 6.7.2007 and 12.7.2007 in the light of order of Honble High Court of Delhi dated
30.5.2007 in WP No. 3228/2002 in the matter of IFB Automotive Seating & Systems Ltd. and
others Vs Union of India and Others.
nd
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the December 21, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on November 20, 2012, Government has approved 12 Proposals of Foreign Direct Investment
amounting to ` 802.07 crore approximately.
2.
In addition, one proposal viz., M/s Ingka Holding Overseas B.V., amounting to ` 4200 crore,
has been recommended for consideration of Cabinet Committee on Economic Affairs.
Sd/(P.K. Bagga)
OSD (CM&I)
23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 20.11.2012
Following 12 (Twelve) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` In crore)
FINANCIAL SERVICES
1 M/s Prizm Payment
Services Pvt. Ltd., Tamil
Nadu
2 M/s Ratnakar Bank Ltd.,
Mumbai
Nil
Nil
173.00
Nil
252.00
TELECOMMUNICATION
8 M/s Silitech
Post facto approval for receiving the consideration
International (India) Pvt. after two years from the date of issue of shares.
Ltd.
Company is engaged in the manufacture of keypads
for use in cell phone handsets.
0.01 (already
brought)
ECONOMIC AFFAIRS
9 M/s Akon Electronics
India Pvt. Ltd.
Nil
36.80
HOME AFFAIRS
10 M/s OCS Group
Singapore Pte. Ltd.,
Singapore
STEEL
11 M/s WJ Towell, Oman
40.00
TELECOMMUNICATION
12 M/s Space Era Materials Induction of foreign equity to carry out the business
and Process Pvt. Ltd.,
of design, development, manufacture, assembly,
Hyderabad
repair and overhaul of the equipment of
telecommunication and avionics used in aircrafts,
radars and other electrical and electronics defence
components, aggregates and equipment in India.
2.
0.26
1 M/s Bharat Electronics To set up a JV company to carry out the business of Design,
Limited, Bangalore
Development, marketing, supply and support of civilian and select
defence Radars for Indian and global markets.
2 M/s Abicor Binzel
Post facto approval for the conversion of overseas loan and interest
Production (India) Pvt. into share application money and issue of shares to NR to carry out
Ltd., Pune
the business of manufacturing of welding torches.
3 M/s Tecnova
Induction of foreign equity into LLP engaged in Business and
Consulting LLP, Delhi management consulting, providing workable strategy solutions,
implementation assistance to foreign companies to leverage the India
advantage, business processing outsourcing, and software
development.
4 M/s Shaastra Securities To make downstream investment in the proposed Wholly Owned
Trading Pvt. Ltd.,
Subsidiary to undertake the activity of Commodity broking & trading
Gurgaon
in the commodity exchanges.
5 M/s Perrigo API India Induction of foreign equity to carry out the business of manufacture
Pvt. Ltd., Mumbai
of pharmaceutical ingredients.
6 M/s Prithvi Information
Solutions Ltd., Andhra
Pradesh
7 M/s Pran Beverages
(India) Pvt. Ltd.,
Kolkata
3.
1 M/s Ampo Valves India Post facto approval for issuing equity shares against security deposit
Pvt. Ltd., Coimbatore for building taken on lease, payment to consultants towards ROC
filing fees and professional fees and incorporation expenses to carry
out the business of manufacturing of industrial valves.
2 M/s Berggruen Real
Repatriation/ waiver of minimum capitalization.
Estates Pvt. Ltd.,
Mumbai
3 M/s Mahindra and
To set up a new JV with M/s Rafael Advanced Defence System Ltd
Mahindra Limited, New for production and development of naval defence system and other
Delhi
Products.
4.
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl. Name of the applicant
Particulars of the proposal
No
1 M/s Multi Commodity Post facto approval for FDI received before issuance of Press Note 2
Exchange of India Pvt. of 2008. The company is engaged in the business of trading in
Ltd.
commodities.
5.
In respect of the following 1 (One) proposal, it is recommended that at this stage, FIPB has no
role other than awaiting the decision of Company Law Board and Directorate of Enforcement.
.
Sl. Name of the applicant
Particulars of the proposal
No.
1 M/s KSK Energy
Ventures Ltd.
The Delhi High Court, vide Order dated 1.8.2012, have disposed off
the matter with the direction that the application dated 2.3.2012 of
M/s KSK Energy Company Pvt Ltd filed before the FIPB, has to be
disposed off within 3 months i.e. by 30.11.2012 in accordance with
law.
6.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as
the investment involved in the proposals is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
1 M/s Ingka
To set up a wholly owned subsidiary to undertake single
Holding Overseas brand retailing of IKEA products.
B.V.
*****
FDI/NRI
inflows
(` In Crore)
4200.00
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the February 22, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on February 12, 2010, Government has approved 12 Proposals of Foreign Direct Investment
amounting to Rs. 1045.611 Crore approximately.
Sd/(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 12.02.2010
Following 12 (Twelve) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Darjeeling Organic
Tea Estates Pvt. Ltd.,
Kolkata
84.00
25.87
FINANICAL SERVICES
3 M/s International Finance To make investment in the units of Fund.
Corporation, USA
0.001
4 M/s Max India Ltd., Delhi Allotment of fully and compulsorily convertible
debentures (FCDs) by a Wholly owned indirect subsidiary
of Fund and certain affiliated funds which are controlled
by NR company.
529.00
360.00
TEXTILES
6 M/s Tatia Global Venture To issue preferential warrants.
Limited, Chennai
22.80
COMMERCE
7 M/s s. Oilver Bernd Freter To increase the foreign equity participation by way of
Gmbh & Co.
issue of shares/convertible debentures or acquisition of
equity shares and to endorse the captioned approval
issued in favour of the implementing joint venture
company.
Not indicated
9 M/s Network 18 Media & Ex-post facto approval for issue and allotment of PCCPS
Investment Ltd.
on partly paid basis and issuance of warrants.
23.94
Nil
2.
Nil
Not indicated
4 M/s Forum Ventures Pvt. Payment of money to the foreign investors on buying back shares held by
Ltd.
the foreign investors.
5 M/s Star India Holding BV Star India Holdings BV and/or its affiliates acquiring upto 49%
shareholding stake in TS Investments Ltd by subscribing to equity shares of
TS Investments Ltd from time to time.
TS Investments Ltd acquiring shares of Tata Sky Ltd through purchase of
shares/issuance of shares.
6 M/s Aster Infrastructure
Pvt. Ltd.
7 M/s Verizon
Communications India
Pvt. Ltd.
11 M/s Telcordia
Technologies Inc. USA
3.
To import the finished product from abroad and sell the same on a test
marketing basis and simultaneously to set up a manufacturing facility for
the same products.
3 M/s P K Acoustics,
Chennai
5 M/s Costwold
Architectual Products
(India) Pvt. Ltd.
6.
The following 1 (One) proposal has been recommended for the consideration of CCEA, as the initial
approval was granted by CCFI (now CCEA).
Sl.
No
*****
FDI/NRI inflows
(Rs. In Crore)
Nil
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the March 22, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on March 2, 2012, Government has approved 16 Proposals of Foreign Direct Investment
amounting to ` 232.67 crore approximately.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 02.03.2012
Sl.
No.
FDI/NRI inflows
(` In crore)
ECONOMIC AFFAIRS
1 M/s Selan
Exploration
Technology Ltd.
Nil
FINANCIAL SERVICES
2 M/s Gajraj
Commercial Pvt.
Ltd., West Bengal
No Fresh Inflow
0.02
REVENUE
4 M/s Boskalis
To set up an LLP to undertake the activities of dredging and in
International B.V., maritime segment.
Netherlands
1.00
TOURISM
5 M/s Sukhmani
International Pvt.
Ltd.
Nil
URBAN DEVELOPMENT
6 M/s Green
Destinations
Holdings,
Mauritius
Nil
40.00
CIVIL AVIATION
9 M/s Rossell
Aviation Pvt. Ltd.,
1.36
Delhi
shares
in
10.00
0.05
Nil
POSTS
13 M/s Royale Asia
Induction of foreign equity to carry out the business of
Couriers Pvt. Ltd., international courier operations.
Chennai
14 M/s VRL Logistics
Ltd., Karnataka
0.24
175.00
REVENUE (CUSTOM)
15 M/s Heinemann
Asia Pacific Pte.
Ltd., Singapore
5.00
ECONOMIC AFFAIRS
16 M/s Reasoning
Global eApplication Ltd.
2.
Nil
9 M/s Trizetto India Private Conversion of a Private Limited company in to a Limited Liability
Limited, Pune
Partnership having foreign investment.
10 M/s Nilayami Realtors
Private Limited, Mumbai
11 M/s Samvardhana
Motherson Finance Ltd.
12 M/s Network 18 Media & To undertake the additional business of Publishing Business.
Investment Ltd.
13 M/s Ankur Drugs and
Pharma Ltd., Mumbai
14 M/s Dia Vikas Capital Pvt. Ex-post-facto approval for non-compliance with minimum capitalization
Ltd., Gurgaon
norms for limited period of 72 days from July 21, 2010 to September 2010.
The company is engaged in the business of providing financial support to
various Micro Finance Institutions in India.
15 M/s Packt Publishing
Private Limited, Mumbai
3.
To jointly hold with KOEL one preference share of KPL, which is not fully,
compulsorily and mandatorily convertible.
Ex-post-facto approval to issue and allot partly paid up shares to carry out
the business of development, construction ownership, management, sale
and/ or lease of hotel projects in India.
The following 01 (One) proposal has been advised to access automatic route:
Name of the
Particulars of the proposal
applicant
1 M/s QwikCilver
Solutions Private
Limited, Bangalore
FDI/NRI inflows
(` in crore)
11.00
5.
In the following 01 (One) proposal, the applicant may be advised that no specific approval is
required:
Sl.
Name of the
Particulars of the proposal
FDI/NRI inflows
No
applicant
(` in crore)
1 M/s JT International Post facto approval for: (i) increase in the paid up capital,
India Pvt. Ltd.
and (ii) write off of share application money received from
Nil
foreign investor.
6.
Sl.
No
8.
Sl.
No
FDI/NRI inflows
(` in crore)
1.40
30.45
*****
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the March 22, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on February 13, 2013, Government has approved 12 Proposals of Foreign Direct Investment
amounting to ` 2609.27 crore approximately.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 13.02.2013
Following 12 (Twelve) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` In crore)
COMMERCE
1 M/s Promod S.A.S
France
2 M/s Le Creuset India
Trading Pvt. Ltd.
3 M/s Fossil India Pvt.
Ltd.
4 M/s Decathlon Sports
India Pvt. Ltd.
700.00
1050.00
PHARMACEUTICALS
5 M/s Claris Otsuka
Limited, Ahmedabad
2.00
0.90
Nil
FINANCIAL SERVICES
9 M/s Aon Holdings B.V., Post facto approval for induction of foreign equity to
Netherlands
carry out the business of Insurance broking, and risk
advisory services.
0.65 (already
brought)
COMMERCE
10 M/s ToCheungLee
Stationery Mfg. Co. Pvt.
Ltd., Delhi
3.5
800.00
Name of the
applicant
1 M/s GeoPost S.A. Acquisition of shares of an Indian company engaged in the business of
France
commercial express and parcel delivery business segment.
2 Md. Rabiul Alam,
Bangladesh
3 M/s Sunil Hitech
Engineers
Limited, Nagpur
4 M/s Vijay
Television Pvt.
Ltd.
5 M/s Sutures (I)
Pvt. Ltd.
To set up a new company in India with 100 percent FDI to carry out the
business of production of engineering products.
To issue warrants to FIIs to carry out the business of execution of projects
in the power and infrastructure sector.
The existing domestic shareholding in the non-news channel business is
being acquired by the foreign promoters.
Induction of foreign equity in an existing pharma sector company.
6 M/s DPD
Continental Ltd.
7 M/s Selex Galileo
Ltd., England
Increase in foreign equity participation from 60% to 100% to carry out the
business of Courier services other than post.
To set up a JV to undertake the business of marketing, development, final
assembly and test, system integration, in country support and other
services to those products, primarily in defence electronics sector.
8 M/s Alliance
Induction of foreign equity by way of issue and transfer of equity shares to
Insurance Brokers carry out the business of insurance broking.
Private Limited,
Mumbai
9 M/s Shaastra
To make downstream investment in the proposed Wholly Owned
Securities Trading Subsidiary to undertake the activity of Commodity broking & trading in
Pvt. Ltd., Gurgaon the commodity exchanges.
3.
Name of the
applicant
1 M/s Erica
Healthcare Pvt.
Ltd., Mumbai
*****
F. No. 11(1)/2009FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the June 4, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on 22nd May, 2009, Government has approved 23 Proposals of Foreign Direct Investment
amounting to Rs. 563.90 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
Email: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
22.05.2009
Following 23 (Twenty three) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s ShinMaywa
Industries Ltd., Japan
1.20
180.00
3 M/s FIMBank p.l.c. Malta To set up a NBFC. The proposal attracts Press Note 1 of
2005.
25.00
125.00
ECONOMIC AFFAIRS
No Fresh Inflow
7 M/s Travelocity.com Pvt. Expost facto approval for issue of equity shares against
Ltd., Mumbai
payments made for pre incorporation expenses.
8 M/s Greenply Industries
Ltd., Kolkata
0.25
No Fresh Inflow
Not Specified
0.10
11 M/s Era Infra Engineering Expost facto approval for issue of warrants to be
Ltd., New Delhi
converted into equity shares.
35.15
URBAN DEVELOPMENT
ECONOMIC AFFAIRS
12 M/s Aavishkaar India
Micro Venture Capital
Fund
No Fresh Inflow
No Fresh Inflow
21.42
43.40
No Fresh Inflow
No Fresh Inflow
ECONOMIC AFFAIRS
18 M/s Sanlam Investment
Management (Pty) Ltd.,
South Africa
INFORMATION TECHNOLOGY
19 M/s Information Tech
Park, Bangalore
No Fresh Inflow
TOURISM
20 M/s HP India Holdings
Ltd, Mauritius
125.00
Not indicated
COMMERCE
21 M/s ADM Interoceanic
Ltd., Mauritius
0.01
No Fresh Inflow
ECONOMIC AFFAIRS
23 M/s Hind Terminals Pvt.
Ltd.
2.
To allot and issue shares to the Indian companies and/or their respective
affiliates fully paid up equity shares and/or compulsorily convertible
preference shares and to invest in other companies engaged in such
business falling under the same sector.
6 M/s Nagarajuna
Construction Ltd.
To induct FDI to carry out the activity comprising of Tooling, Mining and
Construction and Material Technology. The proposal attracts Press Note
1 of 2005.
Expost facto approval for (i) issue of fully convertible equity warrants, (ii)
for allotment of fully paid up equity shares on conversion of convertible
equity warrants, and (iii) for acting an operating cum investing company
for making downstream investment.
3.
4.
The following 02 (Two) proposals have been advised to access automatic route.
Sl. Name of the applicant
No
1 Mr. Uday Shetty, Pune
FDI/NRI inflows
(Rs. In Crore)
0.09
5.
No Fresh Inflow
6.
FDI/NRI inflows
(Rs. In Crore)
In the following 01 (One) proposal applicant has been advised to approach RBI.
Sl. Name of the applicant
No
FDI/NRI inflows
(Rs. In Crore)
No Fresh Inflow
9.
The following 01 (One) proposal has been returned to the applicant with the advise to submit it
afresh after the Government policy on the related activity is notified.
Sl. Name of the applicant
No
1 M/s World Space
*****
FDI/NRI inflows
(Rs. In Crore)
No Fresh Inflow
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 4th July, 2007.
PRESS RELEASE
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
Applicants who want to get their approval letters collected
personally are requested to send their request latest by 5.00 P.M.
on 5th July, 2007 at Fax No. 2309 2477. No further requests will be
entertained later and the approval letters would be sent by SPEED
POST.
The authorized person for collection of FC approval should carry a
photo identity, a proper authority letter, duly signed by the
authorized signatory of the applicant/authorized consultant. The
authority letter should also contain a specimen signature of the
authorized person. Approval letter shall not be handed over to
person without the above documents.
Sd/(P.K Bagga )
OSD (CM&I)
FDI/NRI
inflows (Rs.
In crore)
COMMERCE
1.
M/s. Furukawa
Electric Co. Ltd.,
Japan
M/s. Perfect
Glazing Private
Ltd., Gujrat
URBAN DEVELOPMENT
5
M/s.Trivikram
Construction and
Developers Pvt.
Limited
COMMERCE
6
M/s.Daimler
Chrysler India Pvt.
Ltd.
ECONOMIC AFFAIRS
8
M/s. Morgan
Stanley Mauritius
Company Limited,
Mauritius
M/s. Rakindo
Developers Pvt.
Ltd., Chennai.
407.11
M/s. EMAP
Induction of foreign equity upto 40.1% by FMAP 4.8125
Publishing(Netherland) Publishing, Netherland in M/s Next Gen Publishing
BV, The Netherlands Ltd, engaged in publishing of magazine car
India.
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the July 22, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on July 12, 2010, Government has approved 18 Proposals of Foreign Direct Investment
amounting to Rs. 2245.32 Crore approximately.
(P.K. Bagga)
OSD (CM&I)
23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 12.07.2010
Following 18 (Eighteen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)
125.00
ECONOMIC AFFAIRS
2
M/s The ARJ Investments Transfer of shares from non-residents (erstwhile OCBs) to
Limited, Mauritius
NR.
M/s Amsted Rail
Company, Inc. USA
Nil
0.049
0.45
0.50
0.029
INFORMATION TECHNOLOGY
7
M/s My-Tec Software Pvt. Transfer of shares by way of share swap, to own, manage
Ltd., Hyderabad
and run computer training and data processing centers
and to act as consultants, advisors, developers, and
traders in computer programming etc.
Nil
MINES
8
M/s Turquoise Metals & Ex-post facto approval for issue of partly paid up shares
Electricals Pvt. Ltd., Delhi to carry out the business of Mining and refining of Metals
Ores and producing iron and other metals.
10.36
URBAN DEVELOPMENT
9
M/s Nisarg Building Art & Ex-post-facto approval for issue of partly paid up equity
Technology Pvt. Ltd.,
shares.
Mumbai
51.81
Nil
CONSUMER AFFAIRS
12 M/s ADM Investor
Services International
Ltd., UK
0.23
CORPORATE AFFAIRS
13 M/s Mcnally Sayaji
Engineering Limited,
Kolkata
6.23
7.4
1932.00
INFORMATION TECHNOLOGY
16 M/s. Arkadin SAS, France Acquisition of equity stake up to 60% in the paid up share
capital of a company engaged in the telecom sector.
1.80
TELECOMMUNICATIONS
17 M/s. Telstra Private
Limited
2.
96.00
5 M/s Bharat Broadcasting Ex-post-facto approval for transfer of shares to NRI to carry out the
Network Ltd.
business of uplinking news and current affairs channel.
6 M/s Asian Genco Pte Ltd., To set up an investing company.
Singapore
7 M/s Wipro Ltd.
11 M/s Verizon
Communications India
Pvt. Ltd.
12 M/s Alexandria Real
Estate Equities, Inc., USA
18 M/s Icomm Tele Limited, Ex-post-facto approval for induction of foreign equity in defence sector.
Hyderabad
19 M/s Pran Beverages
(India) Pvt. Ltd., Kolkata
20 M/s Alan Dick & Company To undertake the additional activity relating to infrastructure provider (IP
(India) Pvt. Ltd., Thane
Category I).
21 M/s Tinna Finnex Ltd.
3.
6 M/s S Tel Private Limited, To issue/allot fully paid-up fresh equity shares to undertake the business
Gurgaon
of providing telecommunications services in India.
7 M/s Telcordia
To review the proposal on the request of MHA.
Technologies Inc. USA
8 M/s Danobat Grupo
Machine Tools India Pvt.
Ltd., Delhi
9 M/s Siemens Ltd.
To allot and issue equity shares for consideration other than inward
remittances to the account to carry out the business of manufacturing of
automatic machine tools and other types of machine tools.
Deletion of condition regarding compounding.
4.
Sl.
No
The following 2 (Two) proposals have been advised to access automatic route:
Name of the applicant
Particulars of the proposal
FDI/NRI
inflows (Rs. In
Crore)
0.093
5.
The following 01 (One) proposal has been advised that no specific FIPB approval is required and is
permitted as per extant FDI policy:
Sl. Name of the applicant
Particulars of the proposal
FDI/NRI inflows
No.
(Rs. In Crore)
1 M/s Multi Commodity
Exchange of India Ltd.
6.
Nil
The following 01 (One) proposal has been advised to approach RBI for the necessary permission:
Sl. Name of the applicant
Particulars of the proposal
FDI/NRI inflows
No.
(Rs. In Crore)
1 M/s Pratibha Ostu Stettin Ex-post facto approval for investment made in the Joint
Joint Venture, Mumbai
Venture on repatriation basis.
*****
1.91
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the October 22, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on October 9, 2009, Government has approved 26 Proposals of Foreign Direct Investment
amounting to Rs. 1360.52 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
October 9, 2009
Following 26 (Twenty six) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Yamatake
Corporation, Japan
3.40
CONSUMER AFFAIRS
2 M/s Dawnay Day AV India To set up a new Wholly Owned downstream company to
Advisors Pvt. Ltd.,
undertake commodity broking.
Mumbai
30.00
ECONOMIC AFFAIRS
3 M/s UE Development
To regularize the downstream investments.
India Pvt. Ltd., New Delhi
(UEDI)
No Fresh Inflow
HEALTH
4 M/s Capricorn Hospitality Induction of foreign investment up to 49% of the equity
Services Pvt. Ltd., Delhi
share capital to make downstream investments, either
directly or through other investment companies.
576.00
To set up a Wholly Owned Subsidiary to undertake Downlinking of non-news television channels(s) in India.
4.20
POWER
6 M/s Indus Renewable
Energy India Pvt. Ltd.,
Hyderabad
500.00
7 M/s Sadbhav Engineering To issue and allot Series A and Series B Detachable
Ltd., Ahmedabad
Warrants on a rights basis.
125.00
URBAN DEVELOPMENT
19.59
Nil
57.60
Not indicated
POST
13 M/s Elbee Express Pvt.
Ltd.
12.00
Nil
TELECOMMUNICATION
14 M/s Cable and Wireless
Networks India Pvt. Ltd.
ECONOMIC AFFAIRS
15 M/s Futuristic Diagnostic Ex-post facto approval for foreign investment in the
Imaging Centre Pvt. Ltd., company engaged in manufacturing of medical
Bangalore
radioisotopes & Nuclear Medicine/Cancer Imaging
Centre.
25.94
16 Mr. Alan Ian Sanderson & To acquire 100% capital for the business of
Mrs. Sandra Lesley Diane advertisement along with publication of Directories,
Day, UAE
Yellow Pages, Journals.
0.01
17 M/s Supreme
Infrastructure India
Limited, Mumbai
6.00
Nil
Nil
Nil
No Fresh Inflow
Nil
Not indicated
0.76
2.
0.02
5 M/s AG Mercantile
Company Pvt. Ltd.,
Mumbai
6 M/s Verizon
Communications India
Pvt. Ltd.
8 M/s Telecom Investments Sale and transfer of equity shares from Resident India to Non Resident.
India Pvt. Ltd.
9 M/s Sify Technologies Ltd. Merger of the company as per the Scheme of Amalgamation approved by
the High Court of Madras.
10 M/s Eads Deutchland
GmbH (EADs), Germany
and Larsen & Toubro
Limited (L&T), Mumbai
11 M/s Vyoneesh
Technologies Pvt. Ltd.,
Delhi
3.
Transfer of shares by way of share swap. The Indian company has one SSI
Unit.
To set up, promote and acquire 30% equity in an investing cum holding
company yet to be incorporated.
4.
Sl.
No
The following 01 (One) proposal has been advised to access automatic route:
Name of the applicant
Particulars of the proposal
FDI/NRI inflows
(Rs. In Crore)
Nil
No. 11(1)/2006-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 4th January, 2007.
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP ( FDI-Data Unit )
Activity
Location
0.22
CIVIL AVIATION
2 M/s. Spartan
College of
Aeronautics &
Technology, 8820,
East Pine Street,
Tulsa, Oklahoma,
USA
Establishing a Flying
Training College &
Aircraft Maintenance
Engineers School
Haryana
To set up a JV
company to
establish a
Flying Training
College &
Aircraft
Maintenance
Engineers
School
0.15
To undertake
Retail Trading
of Single Brand
"ETAM"
women's
fashions wear
1.00
manufacture of auto
Tamil nadu
parks and/or other
related products for auto
sector
To set up a
new WOS to
undertake
manufacture of
auto parts
and/or other
related
products for
auto sector.
Proposal
attracts Press
Note 1 (2005
series)
60.00
COMMERCE
3
M/s. ETAMINT,
Bruxelles, 206,
Chaussee d'
Alemberg, Belgium
M/s. DR Enterprise
Automomotive Private
Limited, Chennai, Tamil
nadu.
INFORMATION TECHNOLOGY
5 Dr. R.
Narayanaswami &
Mrs. Saraswati
Narayanaswami,
USA, 501, Country
Valley Road,
Westlake Village,
CA 91362-5626,
USA
ECONOMIC AFFAIRS
6 M/s. Barclays
Capital Securities
Asia Limited, 42/F,
Citibank Tower, 3
Garden Road
Central, Hong Kong
Mumbai
Business of
reconstruction/resolution
of non-performing
assets acquired from
banks and financial
institutions
Acquisition of
equity upto
9.63% by way
of acquisition in
a company
engaged in
Asset
Reconstruction
activities
21.186
Mumbai
Business of
reconstruction/resolution
of non-performing
assets acquired from
banks and financial
institutions
Acquisition of
equity upto
9.17% by way
of acquisition in
a company
engaged in
Asset
Reconstruction
activities
60.516
8 FIIs, FVCIs,
Multilateral and
bilateral
development
financial institutions
Maintaining and
Pune
operating cellular Mobile
telephone services
2500.00
To note the
level of
composite
foreign holding
of 47.55% and
also to
enhance the
foreign
investment
upto 74%
1.00
To set up a
holding-cumoperating
company in the
transport
infrastructure
sector
New Delhi
Business in
infrastrcuture transport
sector, to provide
consultancy services
and to make
downstream investment
11 M/s. Universal
New WOS holding
Success
company
Enterprises Ltd, P.O
Box 957, Offshoe
Inorporations
Centre, Road Town,
Tortola British
Virgin Islands
To set up a
holding
company to
make
downstream
investment in
Convention
center in
Kolkata
To set up a
holding
company to
make
downstream
investment in
Convention
center in
Kolkata
2.3
0.46
12 M/s. Universal
New WOS holding
Success
company
Enterprises Ltd, P.O
Box 957, Offshoe
Inorporations
Centre, Road Town,
Tortola British Virgin
Islands
To make downstream
investments in various
FDI compliant
convention centre
projects in India
Not
indicated
Kolkata
New Delhi
To set up a
2.3
holding
company to
make
downstream
investment in
various FDI
compliant
convention
center projects
in India
transfer of
No fresh
shares partly inflow
by way of cash
and partly by
way of share
swap
Conversion of 1.75
non-repatriable
equity into
repatriable
equity made by
the NRIs from
his NRO
account
SHIPPING
15 M/s. PSA India Pte. To set up a new JV
Ltd. Singapore
through its SPV,
38th Floor, PSA
Building, 460
Alexandra Road,
Singapore
Chennai
Manage a port in
Chennai in the State of
Tamil Nadu
To set up a
new JV to
develop a
container
terminal at
Chennai Port
Delhi
To undertake cash &
carry wholesale trading
of products sourced
from small scale sector
Amalgamation
of WOS
company with
another
operating
company &
change in
foreign holding
pattern, as per
the merger
scheme
approved by
Delhi High
Court
Amount
not
indicated
COMMERCE
M/s. ITOCHU India Pvt.
16 M/s. ITOCHU
Limited World Trade
Corporation, 5-1,
Tower, Ground Floor,
Kita-Aoyama 2chome, Minato-ku, Barakhamba Lane, New
Tokyo Japan M/s. Delhi
ITOCHU Chemical
Frontier corporation,
Japan,& M/s.
ITOCHU Japan
Singapore Pte Ltd.
1.681
ECONOMIC AFFAIRS
17 Mr. K.H. Lee2/F,
Block- 31, Baguio
Villa No 550Victoria
Road,
PokfulamHong
KongM/s. Kohin
Electronics Co.
Ltd.3007, 30/F,
Cosco TowerGrnad
Millennium
Plaza183, Queens
RoadCentral, Hong
Kong
Downstream
Greater
investments in the
Noida
hospitality business by
setting up
restaurantsAnd making
downstream
investments in
marketing and trading in
the products
manufactured by the
holding company
Conversion of No fresh
inflow
operating
company into
an operatingcum-holding
company
Chennai
Business of
broadcasting of TV
channels and up-linking
News and current affairs
3.37
Induction of
foreign equity
upto 26% in a
company
engaged in the
activities of uplinking news
and current
affairs TV
channels
New Delhi
To act as holding
company with
downstream
investments in
companies engaged in
distribution of films and
other media content,
film distribution and
digital cinema systems
Conversion of
operating
company into
holding
company and
induction of
foreign equity
ECONOMIC AFFAIRS
19 M/s. NDS Limited,
One Heathrow
Boulevard, 286,
Bath Road, West
Drayton, Middlesex,
UB7 0DQ, UK
135.79
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the February 23, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on February 15, 2011, Government has approved 19 Proposals of Foreign Direct Investment
amounting to ` 1358.0726 crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 15.02.2011
The Following 19 (Nineteen) proposals have been approved.
Sl. Name of the applicant
No.
FDI/NRI
inflows (` in
crore)
22.05
No fresh
inflow
7.00
6.63
No fresh
inflow
0.32
0.50
4.28
Nil
POST
11 M/s Aramex India
Pvt. Ltd.
9.82
26.00
Nil
0.05
No Fresh
Inflow
0.0026
45.47
0.95
1180.00
55.0
Sl.
Name of the
No
applicant
1 M/s Vivimed Labs
Ltd., Hyderabad
2 M/s Arshiya
International Ltd.,
Mumbai
3 M/s Cerebra
Integrated
Technologies Ltd.,
Bangalore
4 M/s G+J
International
Magazines GmbH,
Germany
5 M/s Lokmat Media
Limited, Mumbai
infrastructure services.
Issue of shares for consideration other than inward remittances.
3.
Sl.
Name of the
Particulars of the proposal
No
applicant
1 M/s Liebherr
Issue of shares for consideration other than inward remittances.
CMCtec India Pvt.
Ltd., Maharashtra
2 Mr. Jital Shah, Pune To set up a Limited Liability Partnership (LLP) in India with a foreign
equity participation to undertake trading of bananas and agricultural
products.
3 M/s S7 Software
Ex-post facto approval for transfer of shares by Resident Indian to a
Solutions Pvt. Ltd., foreign Trust, being an unincorporated entity and transfer of shares held
Bangalore
by Trust to NR.
4 M/s Xebia IT
Ex-post-facto approval for issue of sweat equity shares for consideration
Architects India Pvt. other than inward remittances to Director of the company.
Ltd., Delhi &
Haryana
5 M/s Global Logic
To issue shares for consideration other the inward remittances.
Inc., USA
6 M/s SDP Telecom
Ex post facto approval for issue of equity shares for consideration other
(India) Pvt. Ltd.,
than inward remittances.
Kanchipuram
7 M/s Aim Star
Induction of foreign equity upto 100 per cent to undertake the activities
Network Enterprise of trading of items sourced from Medium & Small Scale sector.
Pvt. Ltd., Mumbai
8 M/s Kantilal
Ex-post-facto approval for issuance of warrants to carry out the business
Chhaganlal
of Stock broking activities in cash, futures and options segment.
Securities Pvt. Ltd.,
Mumbai
9 M/s Omega IceHill To issue shares for consideration other than inward remittances.
Pvt. Ltd.
4.
Sl.
No
The following 1 (One) proposal has been advised to access automatic route.
Name of the
Particulars of the proposal
applicant
1 M/s Centum
Electronics Ltd.,
Bangalore
5.
FDI/NRI
inflows
(` in crore)
No fresh
inflow
The following 1 (One) proposal has been withdrawn from the Agenda.
Sl.
No
1 M/s Tungaloy India Pvt. Ltd.
6.
The following 3 (Three) proposals have been recommended for the consideration of
CCEA, as the investment involved in each of the three proposals is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
1 M/s Reckitt
Benckiser Plc., UK
2 M/s Hero
Investments Private
Limited, Punjab,
H.P. & Chandigarh
3 M/s GMR Airports
Holding Ltd.
FDI/NRI
inflows
(` in crore)
3300.00
4500.00
Induction of additional foreign equity and foreign investor
in an investing company, in addition to ` 960 crore already
approved but not brought in.
*****
960.00 +
960.00
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the March 23, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on March 11, 2011, Government has approved 14 Proposals of Foreign Direct Investment
amounting to ` 1289.855 crore approximately.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 11.03.2011
Following 14 (Fourteen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
CONSUMER AFFAIRS
1 M/s MF Global Sify
Securities India Pvt. Ltd.,
Mumbai
ECONOMIC AFFAIRS
2 M/s Unihorn India Pvt.
Ltd., Delhi & Haryana
1.24
530.00
ECONOMIC AFFAIRS
4 M/s VRL Logistics Ltd.
Not indicated
4.05
Nil
Nil
Nil
9 M/s Dhunseri Investments To issue and allot equity shares to the non-resident
Ltd., Kolkata
shareholders consequent upon demerger.
715.00
7.35
1.625
POWER
11 M/s Kyuden International
Corporation, Japan
SHIPPING
12 M/s Pipavav Shipyard Ltd., To undertake additional activity relating to defence sector.
Gujarat
Nil
TOURISM
13 M/s Oryx Aviation (India) Induction of foreign equity by a company from Bangladesh
Pvt. Ltd., Kolkata
to carry out the business of General Services Agent.
0.99
REVENUE
14 M/s Gremach
Ex-post facto approval for issue of warrants. The
Infrastructure Equipments company is engaged in the business of providing
& Projects Limited
equipments on rental for infrastructure projects.
2.
29.60
6 M/s ACB (India) Limited, Ex-post-facto approval for issue of warrants. The company is engaged in
Delhi
the business of coal washing and electricity generation.
7 M/s Oriental Tollways
Pvt. Ltd., Delhi &
Haryana
8 M/s Al Habtoor-STFA
Soil Group LLC, Dubai,
UAE
10
11
12
13
14
15
16
3.
To increase foreign equity from 49 per cent to 74 per cent to carry out the
business of Broadband wireless services, internet services and other
telecommunication related services.
Ex post facto approval to set up a WOS to undertake the business of
Software development Services by citizens of Bangladesh.
To undertake additional activity relating to Telecom/I&B sector.
4.
The following 1 (One) proposal has been withdrawn from the Agenda on the request of the
applicant:
Sl. No
Name of the applicant
1
Mr. Jaishankar Ramchandran, NRI, South Africa
5.
The following 04 (Four) proposals have been withdrawn from the Agenda:
Sl. No.
Name of the applicant
1
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 30th April, 2007.
PRESS RELEASE
To
Director, NIC
FDI/NRI inflows
(Rs. In crore)
2.
COMMERCE
3.
4.
0.01
M/s. Ferrero International To set up a WOS to undertake the
S.A. Luxembourg
manufacture and sell confectionary products
on a cash and carry wholesale basis.
0.01
M/s. Hydril Company L.P., Transfer of shares from resident to nonUSA
resident. Company is engaged in
conducting R&D in Pressure control
equipments, providing engineering support
services, providing after-sales support and
service training to its joint ventures staff
and customers etc. Proposal also attracts
Press Note 1 (2005 series)
INFORMATION TECHNOLOGY
7.
M/s. Springer SBM Holding To establish a joint venture to undertake the 0.45
Ltd, Mauritius
business of publishing services, content
development, content management, content
outsourcing, etc. other than printing of
journals.
RAILWAYS
8.
M/s. Patil Rail Infrastructure Induction of foreign equity upto 49% by way 240.75
Pvt. Ltd. Secunderabad
of subscribing to new shares and
conversion of operating company into
operating-cum-holding company. The
company will undertake manufacturing,
supplying various types of sleepers, rail
track equipment and other products and
services to the Indian Railways.
SHIPPING
9.
ECONOMIC AFFAIRS
10.
11.
12.
13.
1.04
M/s. Carat Media Services Transfer of shares from resident to nonIndia Pvt. Ltd.
resident by way of acquisition. Company is
engaged in Media services and business of
Media buying, planning, strategy and
consultancy. Proposal attracts Press Note
1 (2005 series)
17.
18.
19.
No fresh inflow
TELECOMMUNICATIONS
22.
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 9th April, 2007.
PRESS RELEASE
On the recommendation of the FIPB Meeting held on 27th April, 2007, Finance
Minister, Shri P. Chidambaram has approved the proposal of M/s. Vodafone International
Holdings B.V. to take note of the transaction by which Vodofone is acquiring or has acquired
effective shareholding of 51.96% in M/s. Hutchison Essar Limited. The proposal pertain to the
Department of Telecommunications.
To
Director, NIC
M/s.
Vodafone To take note of the transaction by which No fresh inflow
International Holdings B.V. Vodofone is acquiring or has acquired
effective shareholding of 51.96% in M/s.
Hutchison Essar Limited
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the April 23, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on April 9, 2010, Government has approved 18 Proposals of Foreign Direct Investment
amounting to Rs. 344.33 Crore approximately.
Sd/(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 09.04.2010
Following 18 (Eighteen) proposals have been approved.
Sl. Name of the applicant
No.
FDI/NRI
inflows (Rs. In
Crore)
HEALTH
9 M/s Abbott Capital India Acquisition of shares of the Indian company under
Limited, England
an open offer (from resident and non-resident
308.51
shareholders, including FIIs, NRIs and OCBs). The
proposal attracts Press Note 1 of 2005.
INFORMATION & BROADCASTING
10 M/s South Asian
To set up a WoS to undertake down-linking activity.
Regional Investments
The proposal also attracts Press Note 1 of 2005.
2.5
Singapore, Pte. Ltd.,
Singapore
INFORMATION & TECHNOLOGY
11 M/s Magnaquest
Issue of shares by way of share swap.
Technologies Pvt. Ltd.,
Nil
Hyderabad
12 M/s Stylus Systems Pvt. Ex-post-facto approval for issue of equity shares NR
Ltd., Bangalore
as sweat equity in lieu of services rendered by her No fresh inflow
to the company in India.
13 M/s NetEnrich
Ex-post facto approval for issue of partly paid
Nil
Technologies Pvt Ltd.
shares.
SHIPPING
14 M/s Ennore Automotive Induction of foreign investment to carry out the
Logistics Limited,
business of investing company.
Chennai
INFORMATION & BROADCASTING
15 M/s Star India Limited Transfer of shares as per the scheme of
amalgamation.
REVENUE
16 M/s Indium IV
(Mauritius) Holdings
2.20
Nil
Nil
CONSUMER AFFAIRS
18 M/s IGSB-Stan I LLC,
USA
0.70
2.
10 M/s Verizon
Communications India
Pvt. Ltd.
11 M/s Arkadin SAS,
France
Transfer of equity shares from non-resident shareholder to nonresident group in Telecom Sector.
12 M/s Etisalat DB
Telecom Private
Limited, Mumbai
13 M/s Essar Capital
Holdings (India) Ltd.,
Mumbai
15 M/s Telcordia
To review the proposal on the request of MHA.
Technologies Inc. USA
16 M/s Jaipur IPL Cricket To induct 100% foreign equity by way of issue of shares for
Pvt Ltd.
consideration other than cash.
17 M/s Morgan Stainley
Mauritius Company
Ltd.
3.
4.
In the following 1 (One) proposal, FIPB recommended that no action is called for.
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 23, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on September 11, 2009, Government has approved 13 Proposals of Foreign Direct Investment
amounting to Rs. 393.62 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
September 11, 2009
Following 13 (Thirteen) proposals have been approved.
Sl. Name of the applicant
No.
FDI/NRI
inflows (Rs.
In Crore)
COMMERCE
1 M/s Kludirak India Pvt.
Ltd., Mumbai
1.89
2 M/s L.Occitane
Singapore Pte Ltd.
Not
indicated
3.00
ECONOMIC AFFAIRS
1.08
0.30
SHIPPING
6 M/s TM International
Logistics Ltd., Kolkata
40.00
ECONOMIC AFFAIRS
7 M/s General Motors
To waive off the condition of minimum capitalization norms.
Acceptance Corporation
No Fresh
Inflow
9 M/s Sterlite
Technologies Ltd.
103.95
243.40
TELECOMMUNICATIONS
11 M/s Sistema Shyam
Teleservices Ltd.
No Fresh
Inflow
DEFENCE PRODUCTION
12 M/s Taneja Aerospace
and Aviation Ltd., Tamil
Nadu
No Fresh
Inflow
TELECOMMUNICATIONS
13 M/s Devas Multimedia
Pvt. Ltd.,
2.
Not
Indicated
3.
4.
FDI/NRI inflows
(Rs. In Crore)
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 23, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on September 10, 2010, Government has approved 24 Proposals of Foreign Direct Investment
amounting to ` 2727.413 crore approximately.
(P.K. Bagga)
OSD (CM&I)
23094172
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 10.09.2010
Following 24 (Twenty four) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` in crore)
COMMERCE
1 M/s Lornamead Group
Limited, UK
0.01
27.55
0.49
4.66
5.03
0.02
CORPORTE AFFAIRS
2 M/s GPT Infraprojects
Limited, Kolkata
ECONOMIC AFFAIRS
HEVY INDUSTRY
5 M/s Denso Corporation,
Japan
186.02
0.0025
2.51
No Fresh Inflow
STEEL
11 M/s Hindustan Tin Works Ex-post facto approval for issuance of warrants.
Limited, Delhi
0.11
TOURISM
12 M/s Four Seasons Hotels
and Resorts Asia Pacific
Pte Ltd., Singapore
0.01
URBAN DEVELOPMENT
13 M/s Housing
Development and
Infrastructure Limited,
Mumbai
747.50
No inflow
16 M/s SIDOFI
Communications
Investments Ltd.
Nil
Nil
TOURISM
17 M/s AAPC Hotels
Management Pvt. Ltd.
Nil
COMMERCE
18 M/s Putzmeister Concrete Ex-post facto approval for setting up of WOS to
Pumps GmbH, Germany undertake manufacturing, marketing and sale of concrete
pumps, other related products and rendering related
after- sales services. The proposal attracts erstwhile
Press Note 1 of 2005.
32.5
Nil
Nil
225.00
396.00
POWER
23 M/s Asian Genco Pte
Ltd., Singapore
1100.00
2.
Nil
14 M/s SIDOFI
Communications
Investments Ltd.
15 M/s SIDOFI
Communications
Investments Ltd.
17 M/s Verizon
Transfer of equity shares from non-resident shareholder to non-resident
Communications India Pvt. group in Telecom Sector.
Ltd.
18 M/s Pran Beverages (India) Induction of foreign equity by a company from Bangladesh.
Pvt. Ltd., Kolkata
19 M/s Quantium Solutions
International Pte Limited
20 M/s Essar Capital Holdings Acquisition of equity shares by way of subscription to new equity shares
(India) Ltd., Mumbai
and/or purchase of existing equity shares in an investing company
engaged in the telecom sector.
21 M/s Alan Dick & Company To undertake the additional activity relating to infrastructure provider (IP
(India) Pvt. Ltd., Thane
Category I).
22 M/s Telecordia
Technologies Inc. USA
3.
To allot and issue equity shares for consideration other than inward
remittances to the account to carry out the business of manufacturing of
Laser Welded Pillow Plates, Laser Welding Machines, etc.
M/s Zylog Systems Limited, To allot and issue equity shares for consideration other than inward
Chennai
remittances to the account to carry out business of Software Development
& consultation.
M/s Sun Technics India Pvt. To issue shares against trade payables.
Ltd.
M/s Advanta India Limited, To issue and allot Rights Equity Shares, CCPS and Warrants to carry out
Hyderabad
the business of research, development, production, distribution and
marketing of hybrid agricultural field crop seeds and plant seed.
4.
5.
The following 1 (One) proposal has been withdrawn from the Agenda.
Sl. No.
1
*****
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe4thJuly,2008
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
heldon24thJune,2008,FinanceMinister,ShriP.Chidambaramhasapproved29ProposalsofForeign
Direct Investment amounting approximately to Rs. 1327.9351 Crore. The proposals relate to
Ministries/Departments, namely Chemicals & Petrochemicals, Industrial Policy & Promotion,
Information&Broadcasting,UrbanDevelopment,TourismandEconomicAffairs.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
To
TheDeputyDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
Applicants who want to get their approval letters collected personally are requested to send their
requestlatestby5.00P.M.on7thJuly,2008atFAXNo.23094084,23092477,23093558.Nofurther
requestswillbeentertainedlaterandtheapprovalletterswouldbesentbySPEEDPOST.
TheauthorisedpersonforcollectionofFCapprovalshouldcarryaphotoidentity,aproperauthority
letter,dulysignedbytheauthorisedsignatoryoftheapplicant/authorizedconsultant.Theauthority
lettershouldalsocontainaspecimensignatureoftheauthorizedperson.Approvallettershallnot
behandedovertopersonwithouttheabovedocuments.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
24.06.2008
Following29(twentynine)caseshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.Incrore)
ATOMICENERGY
1 M/sGlobalEnergyMining Induction of FDI up to 74% in Mining and Separation of
andMineralsKFT.,
TitaniumBearingMineralsandOres.
Hungary
24.05
COMMERCE
2 M/sGiordanoFashions
(India)Pvt.Ltd.
5.09
3 M/sHallmarkGroupLtd. Tosetupanewventuretoimportreplicas(ofsilverand
plated with gold) of select vintage postage stamps and
sell directly to end customers. Press Note 3 of 2006
attracts.
0.21
4 M/sMarks&SpencerPlc. Inductionof51%FDIforsinglebrandretailtrading.Press
Note3of2006attracts.
.0051
5 M/sPearleEuropeB.V.
Inductionof50%FDIforsinglebrandretailtrading.Press
Note3of2006attracts.
Notindicated
ECONOMICAFFAIRS
90.00
7 M/sInternationalAsset
ReconstructionCo.Pvt.
Ltd.,NewDelhi
24.20
8 M/sOnmobileGlobal
Ltd.,Bangalore
9 M/sShetrunsHillsPte
Ltd.,Samoa
TransferofsharesfromerstwhileOCBtoNRs.
0.66
FINANCIALSERVICES
10 M/sHSBCViolet
Induction of foreign equity by way of acquisition and
Investments(Mauritius), openofferofequitysharesandconversionofoperating
NoFreshInflow
Mauritius
company into an operating cum holding company to
makefurtherdownstreaminvestment.
HEALTH
11 M/sMidmark
Corporation,USA
InductionofFDIupto49%inacompanyengagedinthe
manufactureofSSIreserveditems.
1.11
INDUSTRIALPOLICY&PROMOTION
12 M/sSimbiosysBiowares Conversion of operating company into holding cum
NoFreshInflow
IndiaPvt.Ltd.,Bangalore operatingcompany.
13 M/sMikuniCorporation, To establish a WOS to undertake the business of
Japan
manufacture, assembly and sale etc., of automotive
componentsandotherpartsandsubassembliesthereof
forthetwoandthreewheelervehicles.Proposalattracts
PressNote1of2005.
20.00
INFORMATION&BROADCASTING
14 M/sGetitInfoservices
Ltd.,NewDelhi
23.00
26.11
PETROLEUM
POWER
16 M/sBBIPower
Issueofsharesagainstremittancesalreadyreceived.
KrishnapatnamCompany,
Hyderabad
NoFreshInflow
URBANDEVELOPMENT
17 M/sApricotRealtorsPvt. To acquire the status of foreign owned Indian holding
Ltd.,Chennai
cum operating company to and to make downstream NoFreshInflow
investment.
18 M/sMacquarieIndia
PropertiesPtyLtd.,
2.25
Australia
19 M/sEldecoInfrastructure Inductionofforeignequitybywayofsubscribingtoand
&PropertiesLtd.,New
acquisition of equity shares and change in status from
Delhi
operatingcompanyintooperatingcumholdingcompany.
195.67
COMMERCE
20 M/sEsysInformation
INDUSTRIALPOLICYPROMOTION
21 M/sVirgoEngineersLtd. Transfer of Shares from NRI to NR. The original
investmentwasnotreceivedinforeignexchangesinceat
NoFreshInflow
the time of investment the applicant was resident of
Indiaandtheshareswereissuedasbonusshares.
22 M/sParrywareRocaPvt. To increase foreign equity from 50% to 100% and
Ltd.
conversion from operating company to operating cum
holdingcompanytomakedownstreaminvestment.
741.48
23 M/sMitsui&Co(I)Pvt.
Ltd.
11.60
ToissueequitysharestosquareofftheSecuritydeposit
amount.
ECONOMICAFFAIRS
25 M/sA.W.FaberCastell
IndiaPvt.Ltd.
Amalgamation/mergerofcompaniesasapprovedbythe
NoFreshInflow
HighCourt.
INFORMATION&BROADCASTIN
26 M/sMacmillianIndiaLtd. Publicationofspecialtymagazine.
27 M/sMultiscreenMedia
Pvt.Ltd.
NoFreshInflow
IssueofequitysharestoresidentandNR.The100%FDI
ispermissiblethroughFIPB.
158.39
4.10
ECONOMICAFFAIRS
28 M/sITPPublishingIndia
Pvt.Ltd.,Mumbai
COMMERCE
29 M/sMokshayugAccess
(India)Pvt.Ltd.,
Bangalore
0.01
2.
TheproposalofM/sR.E.D.GranitiSPAhasbeenadvisedtoaccessautoroute.
3.
Thefollowing11(eleven)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sInterglobe
TosetupanewJVtoundertaketheoperationandmanagementofoneor
EnterprisesLtd.,New
moredutyfreeshops.
Delhi
2 M/sAsiaMotorworks
HoldingsLtd.,Mumbai
Inductionofforeignequitybywayofsubscribingtofullyandcompulsorily
convertible debentures and conversion of operating company into an
operatingcumholdingcompany.
3 M/sPerfectCircleIndia
Ltd.,Maharashtra
4 M/sRussellSquare
TosetupaJVtoundertakethebusinessofAdvertising.Proposalattracts
HoldingB.V.Neetherland PressNote1of2005.
5 M/sMediacom
SettingupofaJV.
WorldwideIncorporated,
USA
6 M/sAmarUjala
PublicationsLtd.
7 M/sTranscend
InfrastructureLtd.
8 M/sRISHPTELtd.,Cock
Islands
PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
whichotherwiserequiresFIPBapproval.
9 M/sRISHPTELtd.,Cock
Islands
PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
whichotherwiserequiresFIPBapproval.
10 M/sJSWInfrastructure
Ltd.,Mumbai
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the July 24, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on June 29, 2012, Government has approved 14 Proposals of Foreign Direct Investment
amounting to ` 1584.11 crore approximately.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 29.06.2012
Following 14 (Fourteen) proposals have been approved:
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Takshila Tech Parks & Approval has been sought for not meeting the condition of
Incubators (India) Pvt. Ltd., minimum capitalisation within six months from the
Hyderabad
commencement of business pursuant to re-classification
of the activity of the company, from Industrial
Development Park (Para 6.2.12) to Construction
Development: Townships, Housing, Built-up infrastructure.
182.50
0.87
FINANCIAL SERVCIES
3 M/s Abhijeet Power
Limited, Maharashtra
674.00
4 M/s Bajaj Finserv Limited, To issue and allot equity shares to carry out the business
Pune
relating to NBFC activities directly and through
subsidiaries under Rights Issue.
100.00
6 M/s Shasun
Pharmaceuticals Limited,
Tamilnadu
0.05
49.99
No fresh inflow
HOME AFFAIRS
7 M/s Eurocopter India Pvt.
Ltd., Delhi
1.85
POWER
9 M/s Bhilwara Energy Ltd
DEFENCE PRODUCTION
10 M/s Track Systems India
Private Limited, Tamil
Nadu
25.00
225.00
EXTERNAL AFFAIRS
11 M/s CLSA Singapore
Holdings Pte Ltd.,
Singapore/ M/s CLSA
Limited, Hong Kong
No inflow
81.00
TELECOMMUNICATIONS
14 M/s Netmagic Solutions
Pvt. Ltd.
2.
182.8
6 Dr. A. Jawahar
Palaniappan, USA
Ex post facto approval for issuance of partly paid up shares. The company
is engaged in the business of Hospitality Services.
3.
Sl.
Name of the applicant
Particulars of the proposal
No
1 M/s Zara Holding B.V.,
To set up a JV with 51% foreign equity participation for single brand retail
Netherlands
trading of products.
2 M/s Appu Ghar Holdings Induction of foreign equity in an investing company to make downstream
Private Limited, New Delhi investment.
3 M/s Cancer Treatment
Services Hyderabad, Pvt.
Ltd.
4 M/s IHT Publishing (India) Induction of foreign equity to carry out the business of printing and
Pvt. Ltd., New Delhi
publishing of facsimile edition of foreign newspaper International Herald
Tribune.
5 M/s KSPG Automotive
India Pvt. Ltd., Pune
To jointly hold with KOEL one preference share of KPL, which is not fully,
compulsorily and mandatorily convertible.
6 M/s World Phone Internet Increase in foreign equity. The company is engaged in the business of
Services Pvt. Ltd.
Internet Service Provider and set up International Gateways.
7 M/s Veritas (India) Ltd.,
Mumbai
Post facto approval has been sought for the issue of warrants. The
company is engaged in the business of import, export, trading and
distribution of metals and chemical products, power generation.
4.
Sl.
No.
The following 3 (Three) proposals have been advised that FIPB approval is not required:
Name of the applicant
Particulars of the proposal
FDI/NRI
inflows
(` in crore)
1 M/s Zen Technologies
Ex-post-facto approval for regularization of 1.03 per cent
Limited, Hyderabad
of the total paid up capital of the company held in the
ratio of 0.98% by NRIs and 0.05 per cent by FIIs. The No fresh inflow
company is engaged in the business of manufacturing of
defence related equipment.
2 M/s Beam Money Pvt. Ltd., Ex post facto approval for carrying out the activities
New Delhi
relating to Information Technology Enabled Services (ITES)
No fresh inflow
and issuance and operation of Prepaid Payment
Instruments (PPIs).
3 M/s Fabindia Overseas Pvt. To change the permitted equity participation by the
Ltd.
existing foreign investors within the approved equity
holding of 51% and (ii) addition of product/product
categories to the list of items approved for single brand
retail trading.
Nil
5.
Sl.
No
The following 03 (Three) proposals have been withdrawn from the Agenda:
Name of the applicant
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the March 25, 2013
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on March 6, 2013, Government has approved 06 Proposals of Foreign Direct Investment
amounting to ` 732.77 crore approximately.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 06.03.2013
Following 6 (Six) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` in crore)
285.00
357.60
80.98
1.35
CIVIL AVIATION
PHARMACEUTICALS
5 M/s AET Laboratories
Pvt. Ltd., Hyderabad
Induction of additional
pharmaceutical company.
foreign
equity
in
a
5.34
DEFENCE PRODUCTION
6 M/s Bharat Electronics
Limited, Bangalore
2.
2.5
Sl.
No
Sl.
No
1 M/s Prithvi Information Issue of warrants to carry out the business of end-to-end solutions in
Solutions Ltd., Andhra information technology, RF engineering and knowledge service apart
Pradesh
from providing consulting and staff augmentation.
4.
The following 01 (One) proposal has been recommended to advise the applicant to approach
the Reserve Bank of India.
Sl. Name of the
Particulars of the proposal
No. applicant
1 M/s Copper Beech Request for deletion of compounding condition. The company is engaged in
Infrastructure Pvt. the business of setting up of Educational Infrastructure.
Ltd., New Delhi
5.
Sl.
No.
The following 1 (One) proposal has been advised that FIPB approval is not required:
Name of the
applicant
1 M/s Artura
Pharmaceuticals Pvt.
Ltd., Chennai
6.
The following 1 (One) proposal has been advised to access automatic route.
7.
The following 02 (Two) proposals have been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s NA Pali Europe SARL
2 Mrs. Jayalakshmi Jagannathan
8.
Sl.
No.
*****
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the November 25, 2011
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on November 15, 2011, Government has approved 18 Proposals of Foreign Direct Investment
amounting to ` 2126.20 crore approximately.
2.
In addition, one proposal viz (i) M/s Unitech Wireless (TN) Pvt. Ltd., amounting to ` 8250
crore, has been recommended for consideration of Cabinet Committee on Economic Affairs.
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 15.11.2011
Following 18 (Eighteen) proposals have been approved.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` in crore)
CORPORATE AFFAIRS
1 M/s Amar
Remedies Ltd.,
Mumbai
170.00
ECONOMIC AFFAIRS
2 M/s VNR
Infrastructures
Limited,
Hyderabad
3 M/s NJS Engineers Ex-post-facto approval for transfer of shares held by NRI on nonIndia Pvt. Ltd.,
repatriation basis to a person resident outside India on a
Pune
repatriation basis. The company is engaged in the business of
Construction Development projects, including housing,
commercial premises, resorts, educational institutions.
0.01
Nil
Nil
FINANCIAL SERVICES
6 M/s Grameen
Financial Services
Pvt. Ltd.,
Bangalore
2.59
INFORMATION TECHNOLOGY
7 M/s SDG Software Ex-post facto approval for the allotment of partly paid up shares
India Pvt. Ltd.,
which were later made fully paid up within two month. The
Delhi
company is engaged in the business of Software Development
and Support Services.
3.00
STEEL
8 M/s Stewart and
Lloyds of India
Ltd., Kolkata
0.37
9 M/s Thomas
To set up a LLP with foreign equity of 98 per cent to undertake
Lipinski, Mr. Enrico the business of manufacturing of fabricated structural metal
Borgwardt,
products.
Germany and Mr.
Shekhar
Khanderao
Bhagwat, Mumbai
0.98
REVENUE
10 M/s DFASS TRGB
LLC, USA
11 M/s In Flight
Services
Worldwide LLC,
USA
12.5
0.50
COMMERCE
12 M/s Multi
Commodity
Exchange of India
Ltd.
Nil
980.00
CONSUMER AFFAIRS
15 M/s Jindal Agro
Processing Pvt.
Ltd., Gujarat
Nil
TELECOMMUNICATIONS
16 M/s Sprint
International
Holding Inc.,
Overland Park K.S
6.25
Nil
ECONOMIC AFFAIRS
18 M/s Ventureast
Life Fund III LLC,
Mauritius
2.
Ex-post-facto approval to issue and allot equity shares against the preincorporation expenses. The company is engaged in the manufacturing of
leather footwear as a small scale industries.
Ex-post-facto approval to issue and allot partly paid up shares to carry out
the business of development, construction ownership, management, sale
and/ or lease of hotel projects in India.
To amend the Clause 2 of the FC approval to undertake the business of
publishing/ printing of scientific and technical magazines/ specialty journals/
periodicals in the name and style of Energetica-India and circulation of its
digital version.
10 M/s Rahimafrooz
Batteries Ltd.,
Bangladesh
11 M/s Flemingo Dutyfree To increase foreign equity upto 100% to carry out the business of duty free
Shop Pvt. Ltd.
shop.
12 M/s Springer India Pvt. To increase foreign equity upto 100% to carry out the business of publishing
Ltd.
and re-printing of scientific, technical, medical and other no-fiction books in
electronic and printed forms in any language.
13 M/s Springer Editorial
Services Pvt. Ltd.
14 M/s Reed Elsevier India To undertake the additional activity relating to the business of publishing
Pvt. Ltd.
and co-publishing (in and outside India), including digital publishing,
printing, reprinting, adaptation, article reprinting, repackaging, translation,
distribution of scientific, technical, medical, specialty and research
journals/magazines/periodicals in any media including print media
15 M/s Cordia
International Corp.,
USA
3.
To jointly hold with KOEL one preference share of KPL, which is not fully,
compulsorily and mandatorily convertible.
3 M/s Astonfield
Renewables Pvt. Ltd.
7 M/s Axiata Investments Induction of foreign equity in an Indian company engaged in the business of
2 (India) Ltd., Mauritius Telecom Service Provider.
8 M/s Amann Sewing &
Embroidery Threads
Pvt. Ltd.
6.
The following 2 (Two) proposals have been withdrawn from the agenda:
Sl.
No
7.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposal is above ` 1200.00 crore:
Sl. Name of the applicant
Particulars of the proposal
No
1 M/s Unitech Wireless Induction of foreign equity to carry out the
(TN) Pvt. Ltd.
business of providing unified access services.
FDI/NRI inflows
(` in Crore)
8250.00
8.
The following 01 (One) proposal has been recommended for the consideration on file after the
receipt of inputs from concerned departments:
Sl. Name of the applicant
Particulars of the proposal
No
1 M/s Vodafone Essar
Transfer of shares from Resident to NR to carry out
Ltd.
the activities relating to Telecommunication.
*****
FDI/NRI inflows
(` in Crore)
2835.00
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the June 26, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on June 1, 2012, Government has approved 08 Proposals of Foreign Direct Investment amounting
to ` 100.01 crore approximately.
2.
In addition, one proposal viz., M/s Shriram Financial Ventures (Chennai) Pvt. Ltd., amounting
to ` 2000 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 01.06.2012
Following 08 (Eight) proposals have been approved.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` In crore)
ECONOMIC AFFAIRS
1 M/s K-Tron Asia To set up an LLP to carry out the business of wholesale selling
Pte. Ltd., Mumbai and marketing of process equipment products and parts.
0.01
FINANCIAL SERVICES
2 M/s Zooropa
Induction of foreign equity to carry out the business of
Foods Private
investing company.
Limited, Haryana
100.00
MINES
3 M/s Sesa Goa
Limited, Goa
Nil
No inflow
Nil
Nil
ECONOMIC AFFAIRS
7 M/s Techno Relief Ex-post-facto approval for NRI investment in the company
Overseas (India) engaged in the business of trading (export and domestic
Pvt. Ltd.
wholesale) in relief materials.
Nil
FINANCIAL SERVCIES
8 M/s Gajraj
Request for deletion of compounding condition as the
Commercial Pvt. company had ceased to act as NBFC before the expiry of the
Ltd., West Bengal prescribed capitalization period.
2.
Sl.
No
Name of the
applicant
No fresh
inflow
As corrected .
To set up a new JV with M/s Rafael Advanced Defence System Ltd for
production and development of naval defence system and other Products*.
3.
Sl.
No
3
4
4.
Sl.
No
The following 03 (Three) proposals have been advised to access automatic route:
Name of the
applicant
1 M/s Estee
Commodities Pvt.
Ltd., New Delhi
2 M/s Flash Forge
Fluid Control Pvt.
Ltd., Maharashtra
3 M/s Columbia
Global Center in
India, Mumbai
FDI/NRI
inflows
(` in crore)
No fresh
inflow
1.04
0.44
5.
The following 02 (Two) proposals have been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s Ramboll India Private Limited, Hyderabad
2 M/s IHT Publishing (India) Pvt. Ltd., New Delhi
6.
In respect of the following 1 (One) proposal, it is recommended that the applicant may
be advised that relaxation of the conditions would not be required in case the applicant
provides services relating to import of raw materials by another company.
Sl.
No.
Name of the
applicant
1 M/s Daewoo
Seeking an exemption from 25% of the total turnover of the
International India wholesale venture in Cash & Carry Wholesale Trading/
Pvt. Ltd., New
Wholesale Trading.
Delhi
FDI/NRI
inflows
(` in crore)
8.94
7.
In respect of the following 01 (One) proposal, it is recommended that no post facto
approval is required since the company has not engaged in broadcasting and has also deleted
reference to broadcasting from MoA.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` in crore)
1 M/s Palred Media Post facto approval for induction of foreign equity to carry out 1.91 (already
and Entertainment the business of film production and distribution of films,
received)
Pvt. Ltd.,
cinemas, motion pictures, television entertainment, animation,
(USD:
Hyderabad
internet portals, etc.
39,64,230)
8.
The following 01 (One) proposal has been recommended for the consideration of CCEA,
as the investment involved in the proposal is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
FDI/NRI
inflows
(` In crore)
2000.00
No.11(1)/2008FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the 4th September, 2008
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on 26th August, 2008, Finance Minister, Shri P. Chidambaram has approved 16 Proposals of
Foreign Direct Investment amounting to Rs. 1826.98 Crore approximately. The proposals relate to
Ministries/Departments, namely, Chemical & Petrochemicals, Commerce, Economic Affairs,
Industrial Policy & Promotion, Information & Broadcasting, Power, Urban Development, Information
Technology, and Telecommunication.
(Prabodh Saxena)
Director (FIPB)
23093558
Email: [email protected]
To
The Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are requested to send their
request latest by 5.00 P.M. on 5th September, 2008 at FAX No. 23094084, 23092477, 23093558. No
further requests will be entertained later and the approval letters would be sent by SPEED POST.
The authorised person for collection of FC approval should carry a photo identity, a proper authority
letter, duly signed by the authorised signatory of the applicant/authorized consultant. The authority
letter should also contain a specimen signature of the authorized person. Approval letter shall not
be handed over to person without the above documents.
(Prabodh Saxena)
Director (FIPB)
23093558
Email: [email protected]
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
26.08.2008
Following 16 (Sixteen) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
240.00
1.75
2.45
12.00
COMMERCE
ECONOMIC AFFAIRS
5 M/s Marigold
International Pvt. Ltd.,
Mumbai
0.04
57.59
No Fresh Inflow
No Fresh Inflow
No Fresh Inflow
POWER
10 M/s Athena Infraprojects Induction of foreign equity up to 49% in an investing
Pvt. Ltd., New Delhi
company in infrastructure sector.
220.00
URBAN DEVELOPMENT
11 M/s Ramky Infrastructure Post facto approval for conversion of operating company
Ltd., Hyderabad
into an operating cum holding company to make
downstream investment.
400.00
ECONOMIC AFFAIRS
12 M/s Unistock Pvt. Ltd
No Fresh Inflow
No Fresh Inflow
14 M/s SG Securities
(Singapore) Pte. Ltd.,
Singapore
28.00
84.15
781.00
ECONOMIC AFFAIRS
TELECOMMUNICATION
16 M/s Quippo Telecom
Infrastructure Ltd.
2.
Postfacto approval for the FDI already brought in under automatic route,
which otherwise requires FIPB approval.
Postfacto approval for the FDI already brought in under automatic route,
which otherwise requires FIPB approval.
9 M/s ABNAMRO
To enlarge the services by offering value added financial services (non
Securities (India) Pvt. Ltd. fund based) to their clients (both individual and institutional)
10 M/s Broadband Pacenet Induction of foreign equity by way of subscribing to or acquisition of
(India) Pvt. Ltd., Mumbai shares up to 74% equity of the company.
3.
1 M/s Elken International (I) To undertake cash and carry wholesale trading for the activities for which
Pvt. Ltd.
approval for test marketing was already obtained
4.
The proposal of M/s Best Auto Ltd., New Delhi has been advised to access auto route.
5.
The proposals of M/s Aditya Birla Telecom Ltd., and M/s Daiichi Sankyo Company Ltd., Japan have
been recommended for the consideration of CCEA, as the investment involved in the proposal is above Rs.
600.00 Crore.
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 2nd November, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 26th October, 2007, Finance Minister, Shri P. Chidambaram has approved 12
proposals of Foreign Direct Investment amounting approximately to Rs. 211.6625 crore. The
proposals related to Ministries/Departments, namely, Commerce, Industrial Policy & Promotion,
and Economic Affairs. The major investment proposals pertain to the Ministries/Departments of
Industrial Policy & Promotion and Economic Affairs .
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copyto:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 5th November, 2007
at Fax No.2309 4084/2309 2477. No further requests will be entertained
later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
DetailsoftheproposalsapprovedintheFIPBMeetingheldon26.10.2007
COMMERCE
1. IfmElectronicgmbh,
Germany
M/s.GoldBidLtd,
Mauritius
M/s.ITASMedia
PrivateLimited,Delhi
M/s.MailToday
NewspapersPvt.Ltd.
NewDelhi8
ECONOMIC AFFAIRS
6 M/s.InfoDrive
SoftwareLimited
FDI/NRIinflows
(Rs.Incrore)
6.00
0.01
8.40
2.66
18.02
Noinflow
M/s.LFPDSELtd,
Mauritius
M/s.CaldwellIndia
TransferofsharesofBombayStockExchange
HoldingsInc.,Mauritius held by one nonresident to another non
resident,withinthesamegroup
Noinflow
COMMERCE
9 M/s.ForeverNew
ApparelsPvt.Ltd.
10.61
5.10
10
M/s.TrioSportsPvt.
Ltd.
11
M/s.LaSovereign
BicylesPvt.Ltd.
ECONOMIC AFFAIRS
12 M/s.MillenniumIndia Induction of foreign equity in two NBFC
AcquisitionCompany
Inc.USA
0.05
0.8925
159.92
Total
211.6625Crore
3. Thefollowing13(thirteen)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameofthe
Particularsoftheproposal
applicant
1
M/s.Freedom
Inductionofforeignequityupto40%inacompanyengagedinthe
Opthalmic(P)Ltd. manufactureofSmallScalereserveditems.ProposalattractsPress
Note1of2005
2
M/s.B.A.G.Films Induction of foreign investment in a holding company having
andMediaLtd,
downstream investment in the companies to be engaged in up
Noida
linkingnewschannels,nonnewschannelsandFMRadio
3
M/s.B.A.G.Films Induction of foreign equity by way of issue of Foreign Currency
&MediaLimited, Convertible Bonds (FCCBs) in a holding company having
Noida
downstream investment in the companies to be engaged in up
linkingnewschannels,nonnewschannelsandFMRadio
4
M/s.KortelLtd,
Induction of FDI in an investing company in infrastructure.
Cyprus
Conversion of status of operating company into operatingcum
holding company. The proposed transfer is from a resident
companytoaoverseassubsidiaryofthesamecompany,througha
mazeofcompaniesspanningacrossseveraltaxjurisdictions
5
M/s.Singtel
Setting up of joint venture company with a foreign equity upto
AustraliaHolding 74%toundertaketelecomservices.ProposalattractsPressNote1
Pte.Ltd.
2005series
Singapore
10
11
12
13
M/s.Transcend
Infrastructure
Limited,Kalkota
M/s.Media
TransasiaIndia
Ltd.
M/s.KNOX
HoldingPte.Ltd.
Singapore
M/s.Signature
KitchesIndiaPvt.
Ltd.
M/s.SouthAsia
MultiMedia
TechnologiesLtd,
Mauritius
M/s.Bonsai
InternationalPvt.
Ltd.Mumbai
M/s.Avens
PropertiesPrivate
Limited,New
Delhi
M/s.Jalore
PropertiesPrivate
Limited,New
Delhi
Inductionofforeignequityupto50%inacompanyengagedinthe
activities of IPI category services. Proposal also attracts Press
Note1of2005series
Conversion of operating company into operating cum holding
company, for downstream investment in publication of specialty
magazine.
Transfer of shares held by an OCB by way of sale by a foreign
investor. The promoters of the Indian Company and the new
foreigninvestorsaresame.
InductionofFDIupto32%inacompanyproposedtobeengagedin
retailtradingunderSingleBrandSignatureKitchen
Induction of foreign equity in a company engaged in FM
Broadcastingservices
InductionofFDIupto31.67%inaninvestingcompany
InductionofFDIinaninvestingcompanytomakeInvestmentsin
SEZs and Indl. Parks (including IT Parks), through downstream
investments in project companies to carry out the development
activity.
InductionofFDIinaninvestingcompanytomakeInvestmentsin
SEZs and Indl. Parks (including IT Parks), through downstream
investments in project companies to carry out the development
activity.
The proposal of M/s. Global Assets Holding Corporation Private Limited, Mumbai has been
withdrawn from the agenda on the request of the applicant to furnish additional/more
informationontheproposal.
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe26thNovember,2008
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
heldon18thNovember,2008,FinanceMinister,ShriP.Chidambaramhasapproved32Proposalsof
Foreign Direct Investment amounting to Rs. 845.70 Crore approximately. The proposals relate to
Ministries/Departments, namely,Commerce,Economic Affairs, Information & Broadcasting, Mines,
Road Transport & Highways, Telecommunication, Industrial Policy & Promotion, Power, Urban
Development,andShipping.
Sd/
(P.K.Bagga)
OSD(CM&I)
23094172
Email:[email protected]
To
TheDeputyDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
18.11.2008
Following32(Thirtytwo)caseshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
COMMERCE
1 M/sA.Y.N.Accessories
TradingLtd.,(2)M/s
BODOJagdbergHong
KongLtd.,HongKong
2 M/sAllerganInc.USA
3 Mr.PawanSukhdev
TransferofsharestoNRIinTeaplantationsector.
0.50
0.51
1.95
ECONOMICAFFAIRS
4 M/sReid&Tailor(India) Toallotandissueequityshareswarrants.
Ltd.,Mumbai
5 M/sIL&FSWaste
Management&Urban
ServicesLtd.,NewDelhi
6 M/sOrientalStructural Transferofsharestosetupaholdingcompany.
EngineersPvt.Ltd.,New
Delhi
108.33
5.33
450.00
7 M/sOilIndiaLtd.,Noida Conversionofoperatingcompanyintoanoperatingcum
holdingcompanyandIPOissue.
Notindicated
9.52
9 M/sTrueDevelopersPvt. Conversionofoperatingcompanyintoanoperatingcum
Ltd.,Chennai
holding company to make further downstream NoFreshInflow
investment.
10 M/sTransUnion
InternationalInc.USA
2.49
Mumbai
alsoattractsPressNote1of2005.
12 M/sMorganStanleyIndia Conversionofoperatingcompanyintoanoperatingcum
CapitalPvt.Ltd.,Mumbai holding company to make further downstream NoFreshInflow
investmenttocarryouttheprimarydealershipactivities.
13 M/sAmtechSoftware
Pvt.Ltd.,Delhi
Conversionofoperatingcompanyintoanoperatingcum
holding company to make further downstream
investment.
14 M/sORGInformaticsLtd., PostFactoapprovalforissueofequitysharewarrants.
Gurgaon
15 M/sADEATechnologies
Pvt.Ltd.,Secunderabad
Transferofsharesbywayofshareswap.
16 Dr.OetkerIndiaPvt.Ltd. Conversionofoperatingcompanyintoanoperatingcum
Mumbai
holding company to make further downstream
investment.
25.00
7.19
NoFreshInflow
110.40
INFORMATION&BROADCASTING
17 M/sTelevisionEighteen
IndiaLtd.
ToLaunchthreenewregionalbusinessnewschannels.
18 M/sConnoisseur
PublishingPvt.Ltd.,
Bangalore
ToinductFDIupto100%inprintmediasector.
19 M/sReedElsevier
OverseasB.V.,
Netherlands
0.05
20 M/sHill&Knowlton,
Singapore
TosetupaWoS.TheproposalattractsPressNote1of
2005.
0.10
2.20
NoFreshInflow
0.01
MINES
21 M/sLaviosaChimica
MinerariaS.P.A.Italy
ROADSTRANSPORT&HIGHWAYS
22 M/sVijaywadaTollway
Pvt.Ltd.,Hyderabad
Inductionofforeignequityinacompany.Theproposal
attractsPressNote1of2005.
15.00
INDUSTRIALPOLICY&PROMOTION
23 M/s.Cholamandalam
DBSFinanceLtd.
Postfactoapprovalforallotmentofwarrantstoexisting
NoFreshInflow
nonresidentshareholders.
INFORMATION&BROADCASTING
24 M/s.VijayTelevisionPvt. Tomakedownstreaminvestmentinacompanyengaged
NoFreshInflow
Ltd.
inUplinkingaNonNewscurrentaffairTVchannels.
25 M/s.StarIndiaPvt.Ltd.
ECONOMICAFFAIRS
26 M/s.GallagherMautitius TransferofsharesbywayofshareswapinITsector.
Holdings,Mauritius
27 M/s.PridhviAsset
Reconstructionand
SecuritizationCompany
NoFreshInflow
30.00
INFORMATION&BROADCASTING
28 M/s.YellowfinHoldings To set up a WOS to carry out the activity of publishing
Ltd.,Mauritius
printed magazines (not being newspapers and
periodicalsdealingwithnewsandcurrentaffairs).
0.01
TELECOMMUNICATION
29 M/s.XCELTelecomPvt.
Ltd.
NoFreshInflow
TosetupaWoStocarryouttherentingofconstruction
ofdemolitionequipment.
2.00
URBANDEVELOPMENT
30 M/s.DrillmecS.R.L.
Spain
INDUSTRIALPOLICY&PROMOTION
31 M/s.FederalMogulCorp To set up a new WOS to undertake Manufacture,
distribution and sale of sealing products and gaskets.
ProposalattractsPressNote1(2005series)
74.87
SHIPPING
32 M/s.CMACGMAgencies Postfactoapprovalforconversionofoperatingcompany
Worldwide
intoanoperatingcumholdingcompanytomakefurther
downstreaminvestment
2.
Thefollowing4(Four)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sGSRSugarsPvt.Ltd., Toissueshareoptionconvertibleintoequityshares.
Hyderabad
0.24
2 M/sLokmatNewspapers (i)InductionofFDIinacompanyengagedinPrintMedia,(ii)Conversion
Pvt.Ltd.,Mumbai
of operating company into an operating cum holding company to make
further downstream investment, and (iii) allotment of additional shares
pursuanttotheSchemeofdemergerofthepublicationbusinessthrough
aschemeofdemergertobeapprovedbytheHonbleBombayHighCourt.
3 M/sPrithviPrakashan
Pvt.Ltd.,Mumbai
4 M/sDowJones&
CompanyInc.,USA
3.
Thefollowing3(Three)proposalhasbeenrejected:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/s.Nagarjuna
ConstructionCo.Ltd.
TomakeamendmentintwoclausesoftheFCapprovalletter.
2 M/s.InuitU.S.Holdings
Inc.USA
3 M/s.DelightInvestments InductionofforeignequityintwoIndiancompaniesandtoconverttheir
PteLtd.,Singapore
statusfromoperatingcompanyintooperatingcumholdingcompanyfor
makingfurtherdownstreaminvestments
4.
Thefollowing2(Two)proposalshavebeenwithdrawnfromtheAgenda.
Sl.No
Nameoftheapplicant
M/s.AnsalProperties&InfrastructureLtd.,NewDelhi
M/s.JaipurMahuaTollwayPvt.Ltd.,Rajasthan
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the January 27, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on January 18, 2010, Government has approved 14 Proposals of Foreign Direct Investment
amounting to Rs. 732.57 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 18.01.2010
Following 14 (Fourteen) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
CIVIL AVIATION
1 M/s Celebi Hava Servisi
A.S, Turkey
0.0074
CONSUMER AFFAIRS
2 M/s Aginyx Enterprises
Ltd., Cyprus
DEFENCE PRODUCTION
3 M/s Safran Aerospace
To undertake additional activity of development of
India Pvt. Ltd., Bangalore software and other allied IT enabled services such as
No Fresh Inflow
engineering and designing in the defence sector and
export to various international customers.
ECONOMIC AFFAIRS
4 M/s Isolux Corsan
Concessions Cyprus
Limited, Cyprus
2.00
TELECOMMUNICATION
6 M/s Unitech Wireless
(Tamilnadu) Pvt. Ltd.,
Delhi
No Fresh Inflow
Nil
ECONOMIC AFFAIRS
8 M/s Standard Chartered To increase FDI from 74.9% to 100% in the company
Bank
engaged in equity broking investment banking, portfolio
management. The proposal attracts Press Note 1 of
2005.
205.95
FINANCIAL SERVICES
9 M/s Asset
To increase FDI from 14.66% to 16.01% in a company
Reconstruction Company engaged in the Asset Reconstruction activities.
(India) Ltd (Arcil)
272.86
Transfer of 100% equity from NR to NR to carry out uplinking/broadcasting of non-news and non-current
affairs television channels.
Addition of foreign collaborator and issue of fresh
equity to carry out up-linking/broadcasting of non-news
and non-current affairs television channels.
Not indicated
251.75
POWER
13 M/s Wartsila India Ltd.
Nil
ECONOMIC AFFAIRS
14 M/s Kirkstone India Pvt. To issue shares against the pre-incorporation expenses.
Ltd., Delhi
2.
Sl.
No
No Fresh Inflow
1 M/s Putzmeister
Ex-post facto approval for setting up of WOS to undertake manufacturing,
Concrete Pumps GmbH, marketing and sale of concrete pumps, other related products and
Germany
rendering related after- sales services. The proposal attracts Press Note 1
of 2005.
2 M/s Arkadin SAS, France Acquisition of equity stake up to 60% in the paid up share capital of a
company engaged in the telecom sector.
3 M/s Etisalat DB Telecom Transfer of shares from Resident to Non-Resident of a company engaged
Private Limited, Mumbai in the Telecom Sector.
4 M/s Shree Ram Urban
Infrastructure Limited,
Mumbai
5 M/s Tikona Digital
Network Pvt. Ltd.
6 M/s Walt Disney
Company (I) Pvt. Ltd.
7 M/s Verizon
Communications India
Pvt. Ltd.
8 M/s Visa Infrastructure
Ltd., Kolkata
10 M/s Telcordia
Technologies Inc. USA
3.
4.
FDI/NRI
inflows (Rs. In
Crore)
2400.00
Not indicated
5.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore.
Sl. Name of the applicant
Particulars of the proposal
FDI/NRI
No
inflows (Rs. In
Crore)
1 M/s India Infrastructure To issue units to FUND.
Development Fund Ltd.,
2500.00
Mauritius, Mauritius
*****
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the February 27, 2013
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on January 21, 2013, Government has approved 9 Proposals of Foreign Direct Investment
amounting to ` 1140.14 crore approximately.
2.
In addition, one proposal viz., M/s Ingka Holding Overseas B.V., amounting to ` 10500 crore,
has been recommended for consideration of Cabinet Committee on Economic Affairs.
Sd/((B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 21.01.2013
Following 09 (Nine) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` in crore)
FINANCIAL SERVICES
1 M/s Mahindra Insurance Induction of foreign equity to carry out the business
Brokers Ltd., Mumbai; of Insurance Broking.
and M/s Mahindra &
Mahindra Financial
Services Ltd., Mumbai
80.41
PHARMACEUTICALS
2 M/s Cordlife Sciences
(India) Private Limited,
Kolkata
6.11
REVENUE (DGEP)
3 M/s Lagardere Services
Singapore Pte. Ltd.,
Singapore
Nil
CORPORATE AFFAIRS
5 M/s M and C Rakindo
Hospitality Pvt. Ltd.,
Coimbatore
47.85
DEFENCE PRODUCTION
6 M/s Mahindra and
Mahindra Ltd
Nil
HOME AFFAIRS
7 M/s Security and
Intelligence Services
(India) Pvt. Ltd., Bihar
82.90
545.00
324.00
4.
The following 04 (Four) proposals were withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s AGS Transact Technologies Limited, Mumbai
2 M/s NREC Railway Equipments India Private Limited, Delhi
3 M/s Pharmaceutical Coatings Pvt. Ltd., Maharashtra
4 M/s Sterlite Networks Ltd.
5.
The following 01 (One) proposal was withdrawn from the Agenda on the request of the
applicant:
Sl.
Name of the applicant
No
1 M/s Samara Capital Partners Funds Limited, Mauritius
6.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as
the investment involved in the proposals is above ` 1200.00 crore.
Sl. Name of the
Particulars of the proposal
No
applicant
1 M/s Ingka
To set up a wholly owned subsidiary to undertake
Holding
single brand retailing of IKEA products.
Overseas B.V.
*****
FDI/NRI inflows
(` in crore)
10500.00
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe27thApril,2009
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
held on 20th April, 2009, Government has approved 22 Proposals of Foreign Direct Investment
amounting to Rs. 541.25 Crore approximately. The proposals relate to Ministries/Departments,
namely, Chemical & Petrochemicals, Commerce, Economic Affairs, Industrial Policy & Promotion,
Information & Broadcasting, Power, Urban Development, Information Technology, and
Telecommunication.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
To
TheAdditionalDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
20.04.2009
Following22(Two)proposalshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
ECONOMICAFFAIRS
1 M/sAnantRajIndustries Expost facto approval for issuance of warrants
Ltd,NewDelhi
convertedintoequityshares.
90.24
2 M/sGatiLtd,
Secunderabad
22.74
3 M/sYashTechnologies
Inc.USA
4 M/sFortisHealthcare
Ltd,NewDelhi
IssueandallotmentofWarrantsconvertibleintoequity
shares.
5 M/sBronxProcess
Engineering(P)Ltd,
Gurgaon
Postfactoapprovalforissuanceofpartlypaidupshare
capital.
6 M/sElectrosteelCastings Postfactoapprovalforissuanceofconvertiblewarrants.
Ltd,Kolkata
13.49
0.14
157.47
HOMEAFFAIRS
7 M/sXcelTelecomPvtLtd. Transfer of shares from NR to NR to carry out the
NoFreshInflow
activitiesintheTelecomSector.
INDUSTRIALPOLICY&PROMOTION
8 M/sHiBuildCoatingsPvt TomakeamendmentintheFCapproval.
Ltd.
NoFreshInflow
INFORMATION&BROADCASTING
9 M/sWaltDisneyCo(I)
PvtLtd.
Toundertaketheadditionalactivities,viz.,(i)businessof
home entertainment, and (ii) business of printing and NoFreshInflow
publishing.
10 M/sSouthAsiaFMLtd.
Notindicated
INFORMATION&TECHNOLOGY
11 M/sWebex
CommunicationsIndia
PvtLtd.
TELECOMMUNICATION
12 M/sPremierChemcoPvt Transfer of shares from Resident to Nonresident in
Ltd.
TelecomSector.
Notindicated
TOURISM
13 M/sFourSeasonsHotels TomakeamendmentintheFCapproval.
Ltd.
NoFreshInflow
COMMERCE
14 M/sComecerS.P.A.Italy TosetupaWOSforundertakingtheactivitiesoftrading
ofitemssourcedfromsmallsectorandTestmarketing.
18.00
DEFENCEPRODUCTION
15 M/sMELSystemsand
ServicesLtd.,Chennai
ECONOMICAFFAIRS
16 M/sAkarInfoMediaPvt. Induction of foreign equity by issuing and allotting
Ltd.,Ahmedabad
equity shares to carry out the activity of publishing of
technicalmagazines.
17 M/sDSPTechnology
Transferofsharesbywayofshareswap.
IndiaPvt.Ltd.,Bangalore
0.66
NoFreshInflow
INFORMATION&BROADCASTING
18 M/sNoidaSoftwares
TechnologyLtd.
Postfactoapprovalforconversionofoperatingcompany
intoanoperatingcumholdingcompanytomakefurther NoFreshInflow
downstreaminvestment.
TELECOMMUNICATION
19 M/sTikonaDigital
NetworksPvt.Ltd.,
Mumbai
20 M/sChorusCall
ConferencingServices
IndiaPvtLtd.
ToincreasetheFDIfromexisting51%to74%ofthepaid
upcapitalofthecompanyintelecomsector.
237.26
1.00
COMMERCE
21 M/sNokiaCorporation
0.25
2.
Thefollowing6(Six)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sOrtusInfrateland
Induction of FDI in the companies engaged in telecom infrastructure
HoldingsPvt.Ltd.,New providers (CategoryI) and conversion of operating company into
Delhi
operatingcumholdingcompanytomakedownstreaminvestments.
2 M/sInformationTech
Park,Bangalore
3 M/sQuippoTelecom
Conversionofoperatingcompanyintooperatingcumholdingcompanyto
InfrastructureLtd.(QTIL) make downstream investments and demerger of passive telecom
infrastructurebusinessapprovedbytheHighCourtofAndhraPradesh.
4 M/sHPIndiaHoldings
Ltd,Mauritius
5 M/sUnitedBreweries
(Holdings)Limited,
Bangalore
Expostfactoapprovalfor(i)issueoffullyconvertibleequitywarrants,(ii)
for allotmentoffullypaidupequitysharesonconversionofconvertible
equitywarrants,and (iii) foractinganoperatingcuminvesting company
formakingdownstreaminvestment.
6 M/sWorldSpace(I)Pvt. Toprovide/undertaketheactivitiesofwebbasedservices.
Ltd.
3.
Thefollowing2(Two)proposalhasbeenrejected:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/sIndiumIV(Mauritius) TomakeinvestmentintheunitsofFund.
HoldingsLtd,Mauritius
2 M/sAlKhaleejSugar
InternationalLtd.
ToreviewandamendoftheclausesoftheFCapproval.
4.
Sl.
No
Thefollowing2(Two)proposalshavebeenadvisedtoaccessautomaticroute:
Nameoftheapplicant
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
1 M/sSandurPower
Expost facto approval for conversion of operating
CompanyLtd,Bangalore company into an operating cum holding company to NoFreshInflow
makefurtherdownstreaminvestment.
2 M/sCobolTechnologies Conversionofoperatingcompanyintoanoperatingcum
PvtLtd
holding company and issue of Zero Coupon Fully
convertibleDebentures.
150.35
(30,050,000
USD)
5.
Sl.
No
Thefollowing01(One)proposalhasbeenrecommendedfortransferofthecasetoDIPP(PAB):
Nameoftheapplicant
Particularsoftheproposal
1 M/sHiltonInternational TomakeamendmentintheFCapproval.
Company
FDI/NRIinflows
(Rs.InCrore)
NoFreshInflow
6.
Thefollowing01(One)proposalhasbeenrecommendedtoadvisetheapplicanttoapproachthe
Regulator:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/sBarclaysInvestments Additionalitemsbeingundertaken.
&Loans(India)Ltd
*****
FDI/NRIinflows
(Rs.InCrore)
NoFreshInflow
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the June 26, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on June 1, 2012, Government has approved 08 Proposals of Foreign Direct Investment amounting
to ` 100.01 crore approximately.
2.
In addition, one proposal viz., M/s Shriram Financial Ventures (Chennai) Pvt. Ltd., amounting
to ` 2000 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 01.06.2012
Following 08 (Eight) proposals have been approved.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` In crore)
ECONOMIC AFFAIRS
1 M/s K-Tron Asia To set up an LLP to carry out the business of wholesale selling
Pte. Ltd., Mumbai and marketing of process equipment products and parts.
0.01
FINANCIAL SERVICES
2 M/s Zooropa
Induction of foreign equity to carry out the business of
Foods Private
investing company.
Limited, Haryana
100.00
MINES
3 M/s Sesa Goa
Limited, Goa
Nil
No inflow
Nil
Nil
ECONOMIC AFFAIRS
7 M/s Techno Relief Ex-post-facto approval for NRI investment in the company
Overseas (India) engaged in the business of trading (export and domestic
Pvt. Ltd.
wholesale) in relief materials.
Nil
FINANCIAL SERVCIES
8 M/s Gajraj
Request for deletion of compounding condition as the
Commercial Pvt. company had ceased to act as NBFC before the expiry of the
Ltd., West Bengal prescribed capitalization period.
2.
Sl.
No
Name of the
applicant
No fresh
inflow
As corrected .
To set up a new JV with M/s Rafael Advanced Defence System Ltd for
production and development of naval defence system and other Products*.
3.
Sl.
No
3
4
4.
Sl.
No
The following 03 (Three) proposals have been advised to access automatic route:
Name of the
applicant
1 M/s Estee
Commodities Pvt.
Ltd., New Delhi
2 M/s Flash Forge
Fluid Control Pvt.
Ltd., Maharashtra
3 M/s Columbia
Global Center in
India, Mumbai
FDI/NRI
inflows
(` in crore)
No fresh
inflow
1.04
0.44
5.
The following 02 (Two) proposals have been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s Ramboll India Private Limited, Hyderabad
2 M/s IHT Publishing (India) Pvt. Ltd., New Delhi
6.
In respect of the following 1 (One) proposal, it is recommended that the applicant may
be advised that relaxation of the conditions would not be required in case the applicant
provides services relating to import of raw materials by another company.
Sl.
No.
Name of the
applicant
1 M/s Daewoo
Seeking an exemption from 25% of the total turnover of the
International India wholesale venture in Cash & Carry Wholesale Trading/
Pvt. Ltd., New
Wholesale Trading.
Delhi
FDI/NRI
inflows
(` in crore)
8.94
7.
In respect of the following 01 (One) proposal, it is recommended that no post facto
approval is required since the company has not engaged in broadcasting and has also deleted
reference to broadcasting from MoA.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` in crore)
1 M/s Palred Media Post facto approval for induction of foreign equity to carry out 1.91 (already
and Entertainment the business of film production and distribution of films,
received)
Pvt. Ltd.,
cinemas, motion pictures, television entertainment, animation,
(USD:
Hyderabad
internet portals, etc.
39,64,230)
8.
The following 01 (One) proposal has been recommended for the consideration of CCEA,
as the investment involved in the proposal is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
FDI/NRI
inflows
(` In crore)
2000.00
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 3rd August, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB)
in its meeting held on 27th July, 2007, Finance Minister, Shri P. Chidambaram has
approved 17 proposals of Foreign Direct Investment amounting approximately to Rs.
575.83 crore. The proposals related to Ministries/Departments, namely, Chemicals &
Petrochemicals, Commerce, Information & Broadcasting, Telecommunications and
Economic Affairs. The major investment proposals pertain to the Ministries/Departments
of Chemicals and Petrochemicals, Commerce, Information & Broadcasting and
Economic Affairs
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
Applicants who want to get their approval letters collected
personally are requested to send their request latest by 5.00 P.M.
on 6th August, 2007 at Fax No.2309 4084/2309 2477. No further
requests will be entertained later and the approval letters would be
sent by SPEED POST.
The authorized person for collection of FC approval should carry a
photo identity, a proper authority letter, duly signed by the
authorized signatory of the applicant/authorized consultant. The
authority letter should also contain a specimen signature of the
authorized person. Approval letter shall not be handed over to
person without the above documents.
PROPOSALSAPPROVEDINTHEFIPBMEETINGHELDON27.7.2007
Sl.No.Nameoftheapplicant
COMMERCE
1. M/s.MitsubishiHeavy
IndustriesLtd,Japan
Particularsoftheproposal
FDI/NRI
inflows(Rs.
Incrore)
TosetupanewJointVenturecompanyto
37.35
undertakemanufacture,import,marketing,
selling,distributionandservicingofdiesel
enginesandpartsandcomponentsthereof.
ProposalattractsPressNote1(2005series)
INFORMATION & BROADCASTING
2 M/s.CompleteWellbeing
Inductionofforeignequityupto100%andto 0.95
PublishingPvt.Ltd.Mumbai undertaketheactivitiesofpublishingpopular,
technicalandscientificperiodicalinthearea
ofHealthHygiene,beauty&wellbeing
ECONOMIC AFFAIRS
3 M/s.YugaHomesLtd.
NRIinvestmentuptoRs.255.00lakhonnon 2.55
repatriablebasisinapartnershipfirm
engagedintheDevelopmentofresidential
apartments.
4 M/s.HumanValueDevelopers Conversionofoperatingcompanyintoa
235
PrivateLimited,Mumbai
operatingcumholdingcompanytomake
downstreaminvestmentinacompany
engagedinthebusinessofstockbrokingand
alsoprovidingvariousotherfinancial
productsandservicestoretailfinancial
investors
5 M/s.Cox&Kings(India)Pvt. Transferofsharesbywayofshareswap.The 1.0413
Ltd.,Kolkata
companyisengagedinthetourandtravel
business
6 M/s.AxisRiskConsulting
Transferofsharesbywayofshareswap.The 2.00
ServicesPvt.Ltd.Mumbai
companyisengagedinprovidingrisk
consultingandgovernancerelatedservices
INFORMATION & BROADCASTING
7 M/s.MTVIndiaPvt.Ltd.
Securingadvertisementforanddistribution 202.00
ofitschannelsonvariousplatform,including
cableandDTH,filmproduction,film
distributionbusiness,marketingandrelated
services,andpaymentofroyalty@2%ofnet
revenueforuseoftrademarks/brands,
permitTV18Group,throughBKHoldings
Limited,Mauritius(BKH)tomakeaninitial
investmentofapproximatelyUSD50.5
millionforsubscribingtoequityofMTVI
TELECOMMUNICATIONS
8 M/s.EssarSpacetelLtd.(M/s. Totakenoteoftheaggregateofdirectand
VodafoneEssarSpacetelLtd.) indirectforeignshareholdingof74%
9
Nofresh
inflow
M/s.FascelLtd(M/s.VadofoneTotakenoteoftheaggregateofdirectand
EssarGujaratLtd)
indirectforeignshareholdingof74%
Nofresh
inflow
10 M/s.HutchisonEssarCellular Totakenoteoftheaggregateofdirectand
Ltd
indirectforeignshareholdingof74%
Nofresh
inflow
11 M/s.HutchisonEssarMobile Totakenoteoftheaggregateofdirectand
ServicesLtd.
indirectforeignshareholdingof74%
Nofresh
inflow
12 M/s.HutchisonEssarSouth
Ltd.(M/s.VodofoneEssar
SouthLtd.)
13 M/s.HutchisonTelecomEast
Ltd.(M/s.VodofoneEssar
DigilinkLtd.)
14 M/s.AircelDigilinkIndiaLtd.
Totakenoteoftheaggregateofdirectand
indirectforeignshareholdingof74%
Nofresh
inflow
Totakenoteoftheaggregateofdirectand
indirectforeignshareholdingof74%
Nofresh
inflow
Totakenoteoftheaggregateofdirectand
indirectforeignshareholdingof74%
Nofresh
inflow
IncreaseinthecapitalizationoftheNBFC
companyfrom75%to100%
Nofresh
inflow
ECONOMIC AFFAIRS
15 M/s.HSBCSecuritiesand
CapitalMarkets(I)Pvt.Ltd.
16 M/s.AlplaIndiaPvt.Ltd.
Increaseinforeignequityinaholding
6.9387
companyfrom66.90%to100%bywayof
acquisitionofshares.
CHEMICALS & PETRO-CHEMICALS
17 M/s.CRSealsIndiaPvt.Ltd. Tobringadditionalinvestmentwithinthe
88.00
(nowknownasM/s.SKF
approvedpercentage(i.e,100%)ina
SealingSolutionsIndiaPvt.
companyproposedtobeengagedin
Ltd.)
designing,engineering,manufacturing,
reconditioninganddealingofindustrial
bearingsforthepurposeofsalebothin
IndianmarketandexportoutsideIndia.
ProposalattractsPressNote1(2005series)
Total
575.83
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the September 04, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on July 27, 2012, Government has approved 11 Proposals of Foreign Direct Investment
amounting to ` 2067.98 crore approximately. The Press Release dated August 23, 2012 has been
modified and the proposal of M/s Cloverdell Investments Ltd. Mauritius, which was pending for
certain clarification, has now been approved.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 27.07.2012
Following 11 (Eleven) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Anamika Tea
Acquisition of equity shares of the company
Holding Ltd., Mauritius engaged in the business of plantation/ cultivation
and manufacturing and selling of tea.
1.85
ECONOMIC AFFAIRS
2 M/s Vinci Energies India Induction of foreign equity into an investing cum
Pvt. Ltd., Delhi
operating company, whose operating activities have
not commenced.
3 M/s Kemper System
Ex post facto approval for transfer of shares from
(India) Pvt. Ltd., Pune resident to Non Resident in a company engaged in
wholesale trading prior to issue of Press Note 4 of
2006 dated February 10, 2006.
4 M/s DEG-Deutsche
Induction of foreign investment into the India Fund
Investitions-und
which will act as Investing Company to invest in
Entwicklungsgesellschaf equity, equity-linked and debt instruments of Indian
t mbH
companies engaged in infrastructure service, supply
chains and logistics, healthcare services,
entertainment and leisure goods and consumer
packaged goods, which are permitted under extant
FDI policy.
15.50
0.10 (already
brought)
55.00
PHARMACEUTICALS
5 M/s Fresenius Kabi
(Singapore) Pte. Ltd.,
Singapore
FINANCIAL SERVICES
6 M/s Equitas Holdings
Pvt. Ltd.
140.00
40.00
1000.00
7.40
0.07
FINANCIAL SERVICES
11 M/s Cloverdell
Investments Ltd.
Mauritius
2.
808.06
6 M/s B Braun Singapore Acquisition of shares of the company engaged in the business of life
Pte Limited, Singapore saving intravenous fluids and ophthalmic products.
7 M/s Pfizer Limited,
Mumbai
12 M/s Ordain Health Care Induction of foreign investment in an existing company engaged in
Global Pvt. Ltd.,
the business of manufacturing, research & development for
Chennai
technology advancement, and marketing of pharmaceutical finished
dosage formulations.
13 M/s Sutures India
Induction of foreign investment in an existing company engaged in
Private Limited,
the business of manufacturing and export of sutures, surgical tapes,
Bangalore
mesh bone wax, atraumatic needles, skin staplers and surgical
gloves.
14 M/s Stellence
Induction of foreign equity by way of transfer and issue of equity
Pharmscience Pvt. Ltd., shares and compulsory convertible preference shares to carry out the
Bangalore
business of manufacture and sale of Active Pharmaceutical
Ingredients and advanced intermediates.
15 Dr. A. Jawahar
Post facto approval for regularization of equity shares. The company
Palaniappan, USA
is engaged in the activity of printing magazines, telephone
directories, text books, etc.
3.
4 M/s Greycells
Education Ltd.
4.
In the following 01 (One) proposal, FIPB recommended that the applicant may be advised
that no specific approval is required:
Sl. Name of the applicant
No.
5.
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl.
Name of the applicant
No
1 M/s Alburaq Trading LLP, Maharashtra
*****
FDI/NRI
inflows
(` in crore)
Nil
F. No.11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the 28th January, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on 9th January, 2009, Government has approved 31 Proposals of Foreign Direct Investment
amounting to Rs. 1277.23 Crore approximately. The proposals relate to Ministries/Departments,
namely, Commerce, Economic Affairs, Telecommunication, Urban Development, Civil Aviation,
Industrial Policy & Promotion, Post and Information & Broadcasting.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
Facilitation Counter
4.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
09.01.2009
Following 31 (Thirty one) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
To set up a WOS to undertake wholesale trading. The
1 M/s Paul Hartmann
Finance B.V. Netherlands proposal attracts Press Note 1 of 2005.
2 M/s Now (Asia) INC.
Mauritius
1.70
28.00
No Fresh Inflow
320.00
ECONOMIC AFFAIRS
84.03
6 M/s Universal Music India Post facto approval for conversion of operating company
into an operating cum holding company to make further
Pvt. Ltd., Mumbai
downstream investment.
1.20
7 M/s Cambridge
Technology Enterprises
Ltd., Hyderabad
0.20
62.332
25.00
10 M/s Easiprocess Pvt. Ltd., Conversion of operating company into an operating cum
holding company to make further downstream
Bangalore
investment.
2.00
14.79
12 M/s CMS Computers Ltd., Conversion of operating company into an operating cum
holding company to make further downstream
Mumbai
investment.
190.00
No Fresh Inflow
14 M/s Bridgestone
Corporation, Japan
33.30
No Fresh Inflow
25.16
TELECOMMUNICATION
17 M/s Bharti Telemedia
Limited (No.344/2008FC.I)
No Fresh Inflow
URBAN DEVELOPMENT
18 M/s Isolux Corsan Indian Conversion of operating company into an operating cum
Engineering &
holding company to make further downstream
Construction Pvt. Ltd.,
investment.
Gurgaon
01.0
CIVIL AVIATION
19 M/s Kerns Aero Products (i) To issue shares against technical know how fee,
Pvt. Ltd.
training and supply of designs and (ii) issue of warrants.
10.00
No Fresh Inflow
100.00
No Fresh Inflow
15.84
TELECOMMUNICATION
23 M/s Pacific Internet Ltd.
24 M/s Onmobile Global Ltd. Transfer of the shares held by the company in favour of
their 100% WOS.
No Fresh Inflow
URBAN DEVELOPMENT
25 M/s Cushman &
Wakefield India Pvt. Ltd.
No Fresh Inflow
COMMERCE
26 M/s ZF Friendrichsafen
AG, Germany
0.005
POST
27 M/s Continental Air
Express Pvt. Ltd.
0.02
ECONOMIC AFFAIRS
28 M/s Dun & Bradstreet
Information Services
India Pvt. Ltd., Mumbai
No Fresh Inflow
300.00
60.00
2.16
2.
3 M/s Dynamatic
Technologies Ltd.,
Bangalore
4 M/s Indtech Construction Transfer of rights attached with warrants exercisable into equity shares.
Pvt. Ltd., New Delhi
5 M/s Sanlam Investment
Management (Pty) Ltd.,
South Africa
To increase the FDI from existing 51% to 74% of the paid up capital of the
company in telecom sector.
3.
Sl.
No
3 M/s GSR Sugars Pvt. Ltd., To issue share option convertible into equity shares.
Hyderabad
4 M/s Meta Telecom Pvt.
Ltd.
4.
The following 03 (Three) proposals have been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore.
Sl.
No
FDI/NRI inflows
(Rs. In Crore)
2051.00
12924.00
949.07
The Proposal will be placed before CCEA only after receipt of security clearance from MHA.
5.
Sl.
No
*****
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 7th April , 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 28th March, 2008, Finance Minister, Shri P. Chidambaram has approved 20
proposals of Foreign Direct Investment amounting approximately to Rs. 1962.05 crore. The
proposals relate to Ministries/Departments, namely Commerce, Heavy Industry, Industrial Policy
& Promotion, Information & Broadcasting, Telecommunications and Economic Affairs. The
major investment proposals pertain to the Ministries/Departments of Information & Broadcasting
Telecommunications and Economic Affairs.
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 9th April, 2008 at
Fax No.2309 4084/2309 2477/23094172 No further requests will be
entertained later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Followingtwenty(20)caseshavebeenapproved.
Sl.No.Nameofthe
Particularsoftheproposal
applicant
COMMERCE
1. M/s.Richemont
ServicesB.V.,
FDI/NRI
inflows(Rs.
Incrore)
TosetupanewJVwith51%foreignequityto
0.20
undertakethebusinessofsinglebrandretail
tradingunderthebrandnameCartier
2. M/s.PowerPlate(I) Inductionofforeignequityupto50%ina
0.50
Pvt.Ltd.
companytobeengagedintheretailingofsingle
brandhealthandfitnessequipment
3 M/s.GlorioArmani TosetupJVwith51%foreignequitytoundertake 1.02
HoldingsBV
singlebrandretailtradingoftheArmani
brandedproducts
4 M/s.TokaiRubber TosetupanewWOStoundertakemanufacturing1.50
IndustriesLtd,Japanandsaleofantivibrationproductsandwholesale
tradingofantivibrationproducts.Proposal
attractsPressNote1(2005series)
HEAVY INDUSTRY
5 M/s.DEDiamond Conversionofadvancepaidintoequityshares Nofresh
ElectricIndiaPvt.
inflow
Ltd.NewDelhi
INFORMATION & BROADCASTING
6 M/s.PerceptLtd, Conversionofoperatingcompanyintoan
Nofresh
Mumbai
operatingcumholdingcompanytoundertake inflow
downstreaminvestments
ECONOMIC AFFAIRS
7 M/s.Janani
Toactasaholdingcompanytoundertake
0.59
TechnologyHoldings furtherdownstreaminvestmentsinITandITES
Ltd.
8 M/s.PSAIndiaPte. Inductionofforeignequityupto49%bywayof 240.00
Ltd.Singapore
preferentialallotmentofcompulsorily
convertiblepreferencesshares.Proposal
attractsPressNote1(2005series)
9 M/s.GSStrategic Inductionofforeignequityupto20%ina
300.00
InvestmentsLtd,
companyengagedincommoditybrokingbesides
Mauritius
otheractivities.
INDUSTRIAL POLICY & PROMOTION
10 M/s.LafargeIndia Mergeroftwocompanies(LafargeIndiaHolding Nofresh
Pvt.Ltd.
Pvt.Ltd.withLafargeIndiaPvt.Ltd.)asperthe inflow
orderofHighCourtofBombay
11 M/s.BerkleySquare Increaseinforeignequityform51%to100%by 0.36
HoldingBV
wayoftransferofshares/acquisitionofshares.
ProposalattractsPressNote1(2005series)
Nofresh
inflow
923.94
217.25
ApprovalofForeignholding(Directandindirect) Nofresh
throughDepositoryReceipts,andFIIfor
inflow
hardwarefacilitiesundertakinguplinking
Conversionofnonrepatriableequityto
repatriableequity
Nofresh
inflow
17 M/s.Virgo
EngineersLtd.
TransferofsharesfromNRIstoanonresident Nofresh
Investor(OriginalinvestmentmadeinRupees) inflow
18 M/s.Radiant
InfosystemsLtd.
Transferof200sharesbywayofshareswap
Nofresh
inflow
Rs.1962.05
3.Thefollowingeight(8)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1
M/s.SumitomoHeavy
TosetupanewWOStoundertaketheactivitiesofselling
IndustryLtd.
electricplasticinjectionmouldingmachinesProposal
attractsPressNote1(2005series)
2
M/s.AlphaElettronica
Inductionofforeignequityupto26%toundertake
4
5
6
DefenceSystemsPvt.Ltd.
Bangalore
M/s.DelightInvestmentsPte.
Ltd.Singapore
productsrelatingtoDefenceSectorbesidesother
activities
InductionofforeignequityintwoIndiancompaniesandto
converttheirstatusfromoperatingcompanyinto
operatingcumholdingcompanyformakingfurther
downstreaminvestments
M/s.MetaTelecomPvt.Ltd. Increaseinforeignequityfrom40%to73.45%ina
NewDelhi
companyengagedinILDandNLDServices
M/s.ConnexTeltechPvt.Ltd. Inductionofforeignequityupto74%inacompany
Bangalore
engagedinILDServices
M/s.AsterInfrastructurePvt. Changeintheforeigncollaboratorandincreaseinforeign
Ltd.
equityupto74%.ThecompanyisengagedinIPICategory
services.
M/s.BroadbandPacenet
Inductionofforeignequitybywayofsubscribingto
(India)Pvt.Ltd.Mumbai
oracquisitionofsharesupto74%equityofthe
company
M/s.AlKhaleejSugarCo.(LLC) Amendmentintheexistingapproval.Reviewofthe
Dubai
conditionGraintoGraintoTontoton
4.Thefollowingone(1)proposalhasbeenrejected:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1
M/s.KimEng.SecuritiesIndia Undertakingtheactivityofstockbrokingasanonfund
Pvt.Ltd.Delhi
basedactivitywithapplicablecapitalization.
Twoproposalsviz.,M/s.EssarPowerLimited,MumbaiandM/s.AXISPrivateEquityLtd,
MumbaihavebeenrecommendedforconsiderationofCCEA,astheinvestmentinthetwo
proposalsismorethanRs.600.00croreeach.
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 9th April, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB)
in its meeting held on 29th March, 2007, Finance Minister, Shri P. Chidambaram has
approved 13 proposals of Foreign Direct Investment amounting to Rs.476.6837 crore.
The proposals relate to Ministries/Departments, namely, Commerce, Information &
Broadcasting, Information Technology, Telecommunications and Economic Affairs.
The major investment proposals pertain to the Ministry/Departments of Commerce,
Information & Broadcasting and Economic Affairs.
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP ( FDI-Data Unit )
FDI/NRI inflows
(Rs. In crore)
COMMERCE
1
M/s. Mahtani Fashions Pvt. Induction of foreign equity upto 51% in a 22.50
Ltd.
company engaged in the business of selling
footwear under the brand name VI-GA
shoes in India and overseas.
TELECOMMUNICATIONS
2.
M/s.
Vonage
Corporation, USA
ECONOMIC AFFAIRS
3.
4.
M/s. Quinn Logistics Sweden, To set up a holding company and to make 225.00
Sweden.
downstream investment in companies
engaged in FDI compliant construction
development activities.
M/s. MS Strategic (Mauritius) Induction of additional foreign equity of 3% 1.35
Ltd, Mauritius.
by way of acquisition of shares of National
Stock Exchange from IDBI, State Bank of
India and SBI Capital Markets Limited
M/s. Actis Investment Holding Induction of additional foreign equity of 0.36
No. 47 Ltd, Mauritius.
0.80% by way of acquisition of shares of
National Stock Exchange from State Bank
of India and SBI Capital Markets Limited
M/s.
Actis
Investment Induction of additional foreign equity of 0.09
Holdings
No.
48
Ltd, 0.20% by way of acquisition of shares of
Mauritius.
National Stock Exchange from State Bank
of India and SBI Capital Markets Limited
M/s.
Citigroup
Strategic Induction of additional foreign equity of 2% 0.90
Holdings
Mauritius
Ltd, by way of acquisition of shares of National
Mauritius.
Stock Exchange from Union Bank of India,
Bank of Baroda, Canara Bank, Oriental
Bank of Commerce and Corporation Bank.
COMMERCE
8
M/s.
Times
Global Induction of foreign equity
by way of 34.3483
Broadcasting Co. Ltd.
subscribing to 3,43,48,346 non-convertible
redeemable cumulative preferences shares
by the existing collaborator Reuters,
Singapore. The company is engaged in the
business of up-linking and broadcasting
news and current affairs television channels
from India and to undertake related
activities such as distribution of television
channels and sale of advertisement time.
TELECOMMUNICATIONS
10
M/s.
Worldcom To undertake additional activities of National No fresh inflow
Communications
(I)
Pvt. Long Distance Services and to provide ISP
Ltd.(now changed to M/s. services (with gateways).
Verizon
communications
India Pvt. Ltd.)
ECONOMIC AFFAIRS
11
Allotment of shares to
the foreign No fresh inflow
collaborators of M/s. Zee Telefilms Limited
consequent upon demerger scheme
approved by Delhi High Court.
INFORMATION TECHNOLOGY
13
M/s. Rolta India Ltd, Mumbai To set up a JV with a foreign equity upto 2.45
49% to undertake various manufacturing
activities, IT related services and wholesale
trading.
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the March 29, 2010
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on March 15, 2010, Government has approved 23 Proposals of Foreign Direct Investment
amounting to Rs. 2325.21 Crore approximately.
Sd/(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 15.03.2010
Following 23 (Twenty three) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)
CIVIL AVIATION
1 M/s Air India SATS Airport To issue shares against other than cash consideration
Services, Bangalore
No fresh inflow
CONSUMER AFFAIRS
2 M/s Intel Capital
(Mauritius) Limited,
Mauritius
0.66
CORPORATE AFFAIRS
3 M/s Bharat Forge Limited, To issue warrants.
Pune
576.00
ECONOMIC AFFAIRS
4 M/s Valuable Destination Ex-post facto approval for issue of partly paid equity
Private Limited, Mumbai shares to undertake infrastructure and construction and
development of Real Estate Projects and construction and
maintenance of buildings.
5 M/s Sabre Helmets Pvt.
Ltd., Mumbai
110.00
0.98
FINANCIAL SERVICES
6 M/s Parpl Holdings
(Mauritius) Limited,
Mauritius
32.7
HEAVY INDUSTRY
7 M/s Sangsin Brake, Korea To set up a WoS to carry on the manufacturing of internal
combustion piston engine and other parts/ accessories for
motor vehicle. The proposal attracts Press Note 1 of 2005.
1.00
INFORMATION TECHNOLOGY
Downstream investments
8 M/s Sutherland Global
Services (P) Ltd., Chennai funds/internal accruals
9 M/s Virtify Technologies
Pvt. Ltd., Hyderabad
by
locally
generated
Nil
repatriable basis.
POWER
10 M/s East Coast Energy
Pvt. Ltd., Hyderabad
5.51
REVENUE
11 M/s Eagle Mining
Products Pvt. Ltd., Delhi
Nil
STEEL
13 M/s Toyota Tsusho
Corporation, Japan
COMMERCE
14 M/s Nokia Corporation
Nil
Nil
ECONOMIC AFFAIRS
16 M/s Bengal Aerotropolis
Projects Limited
To issue warrants.
Nil
9.30
downstream
Nil
5.57
1142.21
TELECOMMUNICATIONS
22 M/s Aster Infrastructure
Pvt. Ltd.
65.00
REVENUE
23 M/s Opto Circuits (India)
Limited
2.
376.27
6 M/s Etisalat DB Telecom Transfer of shares from Resident to Non-Resident of a company engaged
Private Limited, Mumbai in the Telecom Sector.
7 M/s Essar Capital
Holdings (India) Ltd.,
Mumbai
8 M/s Telcordia
Technologies Inc. USA
3.
2 M/s Independent
To issue shares against other than cash consideration.
Technology Systems
(India) Pvt. Ltd., Mumbai
3 M/s Issar Pharmaceuticals To issue shares against expenses incurred on purchase of land and wiping
Pvt Ltd
of overdraft.
4 M/s Jacaranda
Development Ltd.,
Mauritius
6 M/s Forum Ventures Pvt. Payment of money to the foreign investors on buying back shares held by
Ltd.
the foreign investors.
4.
The following 02 (Two) proposals have been advised to access automatic route:
Sl.
No
Name of the
applicant
FDI/NRI inflows
(Rs. In Crore)
Nil
4.29
Name of the
applicant
FDI/NRI inflows
(Rs. In Crore)
324.59
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the May 29, 2012
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on May 9, 2012, Government has approved 25 Proposals of Foreign Direct Investment amounting
to ` 2973.40 crore approximately.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 09.05.2012
Following 25 (Twenty five) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
CORPORATE AFFAIRS
1 Mr. Ranjit Shridhar
Shetty, Karnataka
0.02
0.50
ECONOMIC AFFAIRS
2 M/s Mamta Vijay,
Delhi
0.01
FINANCIAL SERVICES
4 M/s AIF III Sub Pvt.
Ltd., Mauritius
1000.00
10.00
9.38
HIGHER EDUCATION
6 M/s Bloomsbury India
UK Limited, UK
Nil
Nil
URBAN DEVELOPMENT
9 M/s Capitaretail
Jalandhar Mall
(Mauritius) Ltd.,
Mauritius
3.45 (already
brought)
300.00
124.00
Nil
NA
Nil
CORPORATE AFFAIRS
16 M/s Ankur Drugs and
Pharma Ltd., Mumbai
40.00
Nil
EXTERNAL AFFAIRS
17 M/s Sunraj Diamond
Exports Limited,
Mumbai
FINANCIAL SERVICES
18 M/s SNC-Lavalin
Mauritius Limited,
Mauritius
500.00
0.98
POSTS
21 M/s Kintetsu World
Express (India) Pvt.
Ltd., Karnataka
267.69
TELECOMMUNICATIONS
22 M/s Microqual Techno Increase in foreign equity to carry out the business of
Ltd., Mumbai
wireless telecommunications.
522.90
URBAN DEVELOPMENT
23 M/s Nilayami Realtors
Private Limited,
Mumbai
No Inflow
5.00
REVENUE (CUSTOM)
25 M/s ISG Onboard
Enterprises US Ltd.,
New York
2.
7 M/s DEN Network Ltd. Induction of foreign investment from unidentified investors. The
company is engaged in the business of cable distribution segment
and internet services (NIC Code 750), (ii) and is acting as operatingcum-holding company.
8 M/s MF Global Sify
Increase in foreign equity participation to carry out the business of
Securities India Pvt.
commodity broking and Stock broking.
Ltd.
9 M/s Tara Aerospace
To undertake additional activities of inter-alia design, development,
Systems Limited,
engineering, manufacturing, integration, assembly, testing and
Mumbai
inspection of military aircrafts (rotor-crafts and fixed-wing aircrafts),
including products such as aerospace and aero structures
components, kits and accessories in the defence sector.
10 M/s CLSA Singapore Induction of foreign equity in an investing company to carry on the
Holdings Pte Ltd.,
business of process outsourcing services for clients, both domestic
Singapore/ M/s CLSA and offshore.
Limited, Hong Kong
11 M/s Ordain Health Care Induction of foreign investment in an existing company engaged in
Global Pvt. Ltd.,
the business of manufacturing, research & development for
Chennai
technology advancement, and marketing of pharmaceutical finished
dosage formulations.
12 M/s Sutures India
Induction of foreign investment in an existing company engaged in
Private Limited,
the business of manufacturing and export of sutures, surgical tapes,
Bangalore
mesh bone wax, atraumatic needles, skin staplers and surgical
gloves.
13 M/s Netmagic Solutions Increase in foreign equity upto 74 percent and induction of a new
Pvt. Ltd.
foreign collaborator to undertake the business of Internet Service
Provider with gateways.
3.
The following 1 (One) proposal has been advised to access automatic route:
FDI/NRI
inflows
(` in crore)
0.12
The following 02 (Two) proposals have been withdrawn from the Agenda:
1 M/s Palred Media and Post facto approval for induction of foreign
Entertainment Pvt. Ltd., equity. The company is engaged in the business
Hyderabad
of film production and distribution of films,
cinemas,
motion
pictures,
television
entertainment, animation, internet portals etc.
2 M/s Apotex Research Increase in foreign equity to undertake research
Pvt. Ltd.
and development focused on developing and
producing carious types of dosage forms of Active
Pharmaceuticals, sale and distribution of solid
dose products and other products of the Apotex
Group, compile the pharmaceuticals product
dossier and coordinate bio-equivalence studies in
India.
FDI/NRI
inflows
(` In Crore)
1.91
500.00
6.
The following 1 (One) proposal has been advised that FIPB approval is not required:
Sl. Name of the applicant
Particulars of the proposal
FDI/NRI inflows
No.
(` in crore)
1 M/s Netenrich
For deletion of compounding condition on the
Technologies Pvt. Ltd. ground that partly paid up shares are not proposed
Nil
to be made fully paid up.
7.
In the following 01 (One) proposal the Council of Architecture would be advised that
FIPB approval prescribes that the agreement shall be subject to Indian Laws and action may
be taken for violation of the provisions of Architects Act under the provisions of the said Act:
Sl. Name of the applicant
Particulars of the proposal
No.
1 Council of Architecture, To cancel FIPB approval to M/s RSP Architects & Engineers Pte
New Delhi
Ltd., on the ground of alleged violation of provisions of Architects
Act 1972.
*****
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe4thAugust,2008
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
heldon29thJuly,2008,FinanceMinister,ShriP.Chidambaramhasapproved24ProposalsofForeign
Direct Investment amounting to Rs. 753.114 Crore approximately. The proposals relate to
Ministries/Departments,namely,Chemical&Petrochemicals,Commerce,HeavyIndustry,Industrial
Policy&Promotion,Information&Broadcasting,InformationTechnology,andTelecommunication.
Sd/
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
To
TheDeputyDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
Applicants who want to get their approval letters collected personally are requested to send their
request latest by 5.00 P.M. on 5th August, 2008 at FAX No. 23094084, 23092477, 23093558. No
furtherrequestswillbeentertainedlaterandtheapprovalletterswouldbesentbySPEEDPOST.
TheauthorisedpersonforcollectionofFCapprovalshouldcarryaphotoidentity,aproperauthority
letter,dulysignedbytheauthorisedsignatoryoftheapplicant/authorizedconsultant.Theauthority
lettershouldalsocontainaspecimensignatureoftheauthorizedperson.Approvallettershallnot
behandedovertopersonwithouttheabovedocuments.
Sd/
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
29.07.2008
Following24(Twentyfour)caseshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.Incrore)
CHEMICAL&PETROCHEMICALS
1 M/sHeurteyPetrochem To establish second subsidiary in India by way of
S.A.France
acquisition of foreign company. Proposal also attracts NoFreshInflow
PressNote1of2005.
COMMERCE
2 M/sBlack&Decker
OverseasHoldingsB.V.
Netherlands
TosetupacompanyinIndiatocarryoutthebusinessof
manufacture.ProposalattractsPressNote1of2005.
3 M/sProtechBiosystems
Pvt.Ltd.,Gurgaon
Transferof100%equitytoaForeignCompanybywayof
NoFreshInflow
shareswap.
4 M/sPiquadroS.p.A
TosetupaJointventuredirectlyorthroughitssubsidiary
with 51% equity participation to carry out the Single
Brandretail.
1.53
30.00
104.63
5 M/sFerragamo
InternationalB.V.
25.974
ECONOMICAFFAIRS
6 M/sDaiichiSankyo
Company,Japan
7 M/sSuyashSoftwarePvt. ToacquirefullypaidequitysharesbywayofShareSwap.
NoFreshInflow
Ltd.,Nagpur
HEAVYINDUSTRY
8 M/sTokaiRikaCo.Ltd.,
Japan
35.00
INDUSTRIALPOLICY&PROMOTION
9 M/sPlasticosErumS.L.
Spain
1.65
INFORMATION&BROADCASTING
10 M/sScorpioTelevision
Expostfactoapprovaltocontinuetoholdequityshares
IndiaPvt.Ltd.,NewDelhi by the Foreign Investor in the issued and paidup share
capitaloftheIndiancompany.Thecompanyisengaged
inTelevisionprograms,Televisionfilms,cinematographic
films,videofilms,videosoftwareandcomputersoftware.
1.00
CHEMICAL&PETROCHEMICALS
11 M/sC.R.SealsIndiaPvt
(NowSKFTechnologies
(India)Pvt.Ltd.)
35.04
ECONOMICAFFAIRS
12 M/sexlService.Com(I)
Pvt.Ltd.
13 M/sReligareEnterprises TosubstituteoneoftheclauseoftheFCapproval.
Ltd.
Notindicated
HEAVYINDUSTRY
14 M/sAutolineIndustries
Ltd.
INDUSTRIALPOLICY&PROMOTION
16 M/sGujaratPagutham
EnergyCorpPvt.Ltd.
21.17
INFORMATION&TECHNOLOGY
20 M/sUSTechnology
International(P)Ltd.
Notfurnished
317.85
TELECOMMUNICATION
21 M/sDevasMultimedia
Pvt.Ltd.
ECONOMICAFFAIRS
22 M/sTopSecurityLtd.,
Mumbai
23 M/sMahleGmbh,
Germany
TosetupaWhollyOwnedHoldingcompany.
21.25
140.92
HEAVYINDUSTRY
24 M/sPerfectCircleIndia
Ltd.,Maharashtra
2.
17.00
Thefollowing11(Eleven)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sDowEuropeGMBH, TosetupaJVcompany.ProposalattractsPressNote1of2005.
Switzerland
2 M/sVLCCHealthCare
Ltd.,Delhi
3 M/sNSKHoldingsPvt.
Ltd.,Mumbai
ToincreasetheapprovedequityfromUS$405MilliontoUS$455Million.
TheinitialproposalwasapprovedbyFIPB/CCEA.
6 M/sQuippoTelecom
InfrastructureLtd.
Toincreaseforeignequityfrom65.63%to82.55%inTelecomSector.
7 M/sAsiaMotorworks
HoldingsLtd.,Mumbai
Inductionofforeignequitybywayofsubscribingtofullyandcompulsorily
convertible debentures and conversion of operating company into an
operatingcumholdingcompany.
8 M/sJSWInfrastructure
Ltd.,Mumbai
9 M/sAmarUjala
PublicationsLtd.
3.
Thefollowingtwo(2)proposalshavebeenrejected:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/sICPInvestments
(Mauritius)Ltd.,
Mauritius
2 M/sMetaTelecomPvt.
Ltd.,NewDelhi
IncreaseinForeignequityfrom40%to73.45%inacompanyengagedin
ILDandNLDServices.
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 4th December, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 30th November, 2007, Finance Minister, Shri P. Chidambaram has approved 16
proposals of Foreign Direct Investment amounting approximately to Rs. 647.47 crore. The
proposals related to Ministries/Departments, namely, Commerce, Heavy Industry, Industrial
Policy & Promotion, Information & Broadcasting, Posts, Power, Road Transport & Highways,
and Economic Affairs. The major investment proposals pertain to the Ministries/Departments of
Commerce, Heavy Industry, Information & Broadcasting, Power, Road Transport & Highways
and Economic Affairs
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copyto:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
Facilitation Counter
DIPP (FDI Data Unit)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 5th December, 2007
at Fax No.2309 4084/2309 2477. No further requests will be entertained
later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
DetailsofproposalapprovedintheFIPBMeetingheldon30.11.2007
Following 16 (sixteen) cases have been recommended for the consideration and
approvalofFM.
Sl.No.Nameoftheapplicant Particularsoftheproposal
FDI/NRI
inflows(Rs.In
crore)
POSTS
1 M/s.ACILogistics
Induction of foreign equity in a 0.28
PrivateLimited,
companyengagedincourierservices
Mumbai
HEAVY INDUSTRY
2 M/s.ContinentalAG, TosetupanewJointventurecompany 55.00
Germany
to undertake manufacture of hydraulic
brake systems for passenger cars and
lighttrucks. Proposal attracts Press
Note1/05
INFORMATION & BROADCASTING
Setting up a WOS to undertake the 0.01
3 M/s.International
AssociationofPlumbingactivities of developing and publishing
specialty journals in relation to
andMechanical
plumbing,drinkingwaterandsanitation
Officials,USA
systems
INDUSTRIAL POLICY & PROMOTION
4 M/s.BiolandesNatural Undertaking manufacture of floral 4.4
ExtractsPrivateLimited,and/or natural extracts / essential oils
with 100% foreign equity, activity
Madurai
reservedforsmallscalesector
POWER
5 M/s.W.Lucy&Co.,
To set up a WOS to undertake 64.00
manufacture of electricity distribution
and control equipment for export.
Proposal attracts Press Note 1 (2005
series)
ROAD TRANSPORT & HIGHWAYS
InductionofFDI inaninvesting/holding 88.00
6 M/s.HIPETransport
company engaged to develop ventures
VenturesPrivate
relating
to
infrastructure
like
Limited,Bangalore
development of ports, transportation
andlogistics.
ECONOMIC AFFAIRS
7 M/s.CooksonGroup Acquisition of shares upto 20% by way 1.28
Plc.UK
of open offer in Foseco India, engaged
inmanufacturing,marketingandtrading
offoundrychemicalsandfoundryfluxes
for the metallurgical industry, including
thesteelandfoundryindustry.Proposal
attracts PN 1/05 on account of
worldwide acquisition of Foseco Plc by
CooksonGroup.
COMMERCE
8 M/s.Worldspace(I)Pvt.To undertake additional activities of
Ltd.
trading of satellite radio receivers to
registeredbusiness/institutions
ECONOMIC AFFAIRS
10 M/s.AaavishkaarIndia Induction of foreign equity in SEBI
MicroVentureCapital registeredVCFagainstIssueofunitsfor
makinginvestmentsinmicro,smalland
Fund
mediumenterprises
INDUSTRIAL POLICY & PROMOTION
11 M/s.ManipalUniversal Expostfactoapprovalforconversionof
LearningPvt.Ltd.
foreign owned operating company into
a holding company subject to
compoundingbyRBIforviolationinthe
interveningperiod.
COMMERCE
12 M/s.Dolce&Gabbana, To set up a Joint venture company, in
Italy
partnership with DLF group with 51%
foreign equity to undertake the
businessofsinglebrandretailtradingof
all kinds of fashion and lifestyle
products under the brand name Dolce
&GabbanaandDGDolce&Gabbana
INFORMATION & BROADCASTING
13 M/s.SouthAsiaMulti Inductionofforeignequityofupto6.98%in
MediaTechnologiesLtd, SouthAsiaFMLimited,acompanyengaged
inFMBroadcastingservices
Mauritius
14 M/s.GrupoOmnilife To establish a WOS to undertake test
S.A.deC.V.Mexico.
marketing and manufacture, sell and
distribute its proprietary nutritional
food supplements and cosmetic
productsthroughitsWOSinIndia
ECONOMIC AFFAIRS
15 M/s.SistemaJointStock Increase of FDI from 10% upto 74% in
FinancialCorporation, Shyam Telelink Limited, a company
engagedintelecomservicesunderUAS
Russia
Nofresh
inflow
Nofresh
inflow
100.00
Nofresh
inflow
36.50
25.00
86.00
187.00
License
16 M/s.BureauVeritas
InternationalS.A.
(France)
Transferofsharesfromnonresidentto Nofresh
another nonresident, as a result of inflow
worldwide acquisition. Proposal
attractsPressNote1(2005series)
Total
2.Thefollowing10(ten)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1 M/s.MAHLEGmbH,Germany
To set up a wholly owned
investment/holdingcompany
2 M/s.HeroManagementServiceLtd., TransferofsharesoftheIndianparent
Gurgaon
company by way of share swap with
thesharesoftheUKsubsidiary
3 M/s.AlKhaleejSugarCo.(LLC)Dubai Deletion of the prohibition on
domestic trading and condition of
grain to grain basis import trading
fromtheexistingapproval
4 M/s.GlobalAssetsHolding
FDI in a holding company having
CorporationPrivateLimited,Mumbai subsidiariesintheTelecomSector
5 M/s.BycellTelecommunications
To undertake activities of offering
GSMbasedcellulartelephoneservices
underUASLicenseagreementallover
India, and increase in paid up capital
ofthecompany
Inductionofforeignequityupto50%ina
6 M/s.TranscendInfrastructure
companyengagedintheactivitiesofIPI
Limited,Kolkata
category services. Proposal also attracts
PressNote1of2005series
M/s.B.A.GFilmsandMediaLtd,
Noida
M/s.B.A.G.Films&MediaLimited,
Noida
M/s.MediaTransasiaIndiaLtd.
10
M/s.BlackstoneFPCapitalPartners
(Mauritius)VLtd,Mauritius
3.Thefollowing2(two)proposalshavebeenwithdrawnfromtheagenda:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1 M/s.RISHPte.Ltd.CookIslands
Transfer of shares from erstwhile OCB
toNonresident
2 M/s.RISHPte.Ltd.CookIslands
Transfer of shares from erstwhile OCB
toNonresident
4.Inthefollowing1(one)proposal,theapplicanthasbeenadvisedtoaccessautomatic
route:
Sl.No Nameoftheapplicant
Particularsoftheproposal
1 M/s.B.R.SpinnersPvt.Ltd.Ludhiana To undertake additional activities like
polythene waste and CDS, DVDs etc.
whicharereservedSSIitems
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe30thJanuary,2009
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
held on 22nd January, 2009, Government has approved 12 Proposals of Foreign Direct Investment
amounting to Rs. 751.51 Crore approximately. The proposals relate to Ministries/Departments,
namely,EconomicAffairs,CivilAviation,FoodProcessingIndustry,Information&Broadcastingand
Commerce.
Sd/
(PrabodhSaxena)
Director(FIPB)
23093558
Email:[email protected]
To
TheAdditionalDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
22.01.2009
Following12(Twelve)proposalshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
ECONOMICAFFAIRS
1 M/sInterglobe
Conversion of operating company into operating cum
TechnologyQuotientPvt. holdingcompanytomakedownstreaminvestments.
NoFreshInflow
Ltd.,Gurgaon
2 M/sCapuleltLtd.,
Mauritius
3 M/sAFCNetworkIndia
Pvt.Ltd.,NewDelhi
Inductionofforeignequitybywayoftransferofequity
shares from the initial subscriber and also by way of
allotting fresh equity shares of the company for
1.5
undertakingdownlinkingofNonNews&CurrentAffairs
Channels.
Conversion of operating company into operating cum
holdingcompanytomakedownstreaminvestments.
NoFreshInflow
4 M/sAIRWorksIndia
EngineeringPvt.Ltd.,
Gurgaon
5 M/sInteractiveAvenues
MarketingSolutionsPvt.
Ltd.,Mumbai
6 M/sAmritjalVenturePvt.
Ltd.,Secunderabad
7 M/sMenziesAviation
Bobba(Blore)Pvt.Ltd.,
Bengaluru
8 M/sGTIMediventures,
Mauritius
NoFreshInflow
Postfactoapprovalforconversionofoperatingcompany
into operating cum holding company to make NoFreshInflow
downstreaminvestments.
Conversion of operating company into operating cum
300.00
holdingcompanytomakedownstreaminvestments.
Expost facto approval for partly paid up preference
shares.
NoFreshInflow
To set up a foreign owned Indian holding company to
makedownstreaminvestments.
0.01
CIVILAVIATION
9 M/sBlueDartExpress
Ltd.
FOODPROCESSINGINDUSTRY
10 M/sMcCainFoods(I)Pvt. TodeleteoneoftheconditionoftheFCapproval.
Ltd.
NoFreshInflow
INFORMATION&BROADCASTING
11 M/sWireandWireless(I) Issuanceofpartlypaidupequityshares.
Ltd.
450.00
COMMERCE
12 M/sGenworthFinancial AmendmentintheexistingFIPBapproval.
Inc,USA
2.
NoFreshInflow
Thefollowing5(Five)proposalshavebeendeferred:
Sl. Nameoftheapplicant
Particularsoftheproposal
No
1 M/sMallcom(India)Ltd., Induction of foreign equity in the enhanced paid up capital to carry out
Kolkata
themarketingandsellingindustrialsafetyproducts.Theproposalattracts
PressNote1of2005.
2 M/sComecerS.P.A.Italy TosetupaWOSforundertakingtheactivitiesoftradingofitemssourced
fromsmallsectorandTestmarketing.
3 M/sTanlaSolutionsLtd., Conversionofoperatingcompanyintooperatingcumholdingcompanyto
Hyderabad
makedownstreaminvestments.
4 M/sAkarInfoMediaPvt. Inductionofforeignequitybyissuingandallottingequitysharestocarry
Ltd.,Ahmedabad
outtheactivityofpublishingoftechnicalmagazines.
5 M/sDSPTechnology
Transferofsharesbywayofshareswap.
IndiaPvt.Ltd.,Bangalore
3.
Thefollowing3(Three)proposalshavebeenrejected:
Sl.
Nameoftheapplicant
No
1 M/sThreeCInvestment
(Mauritius)Ltd.,Mauritius
Particularsoftheproposal
Conversionofnonrepatriablesharesintorepatriableshares.
4.
The Board noted the request of M/s Suzlon Energy Ltd., Ahmedabad for raising FDI through
ADR/PreferentialallotmentofsharesinsteadofrightsissueandforraisingtheFDIpercentagefrom20.76%
to25.25%.TheproposalhadbeenapprovedbyCCEAon26.12.2008.
*****
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the December 30, 2009
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on December 18, 2009, Government has approved 09 Proposals of Foreign Direct Investment
amounting to Rs. 523.705 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 18.12.2009
Following 09 (Nine) proposals have been approved:
Sl.
No.
Name of the
applicant
FDI/NRI
inflows (Rs. In
Crore)
COMMERCE
1 M/s Mitsui & Co. To set up a (i) WOS and (ii) JV company. The proposal attracts
Ltd., Japan
Press Note 1 of 2005.
326.00
ECONOMIC AFFAIRS
2 M/s Mold-Tek
Technologies
Ltd., Andhra
Pradesh
1.275
POWER
4 M/s SN Power
Holding
Singapore Pte.
Ltd., Singapore
Not Indicated
6 M/s Diageo
Radico
Distilleries Pvt.
Ltd.
Nil
Nil
100.00
TELECOMMUNICATIONS
8 M/s Goldman
Agent Pvt. Ltd.
9 M/s Premiere
Conferencing
(Ireland) Ltd.,
Ireland
2.
93.00
3.43
4 M/s Telstra
To issue fresh equity shares for increasing FDI from 49% to 74% in a
Telecommunications Pvt. company engaged in the telecom services.
Ltd., Mumbai
5 M/s Bharat Oman
Refineries Ltd. (BORL)
6 M/s Verizon
Communications India
Pvt. Ltd.
7 M/s Telcordia
Technologies Inc. USA
3.
1 M/s Zetatek Engineering To issue shares to the tune of 26% on a fully diluted basis with repatriation
Systems Pvt. Ltd.,
facility to carry out the activities in the defence sector.
Hyderabad
4.
The following 1 (One) proposal has been withdrawn from the agenda on the request of
applicant:
Sl.
No
5.
FDI/NRI inflows
(Rs. In Crore)
0.004
*****
FDI/NRI inflows
(Rs. In Crore)
0.25
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the May 31, 2013
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on April 12, 2013, Government has approved 8 Proposals of Foreign Direct Investment
amounting to ` 696.23 crore approximately.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: [email protected]
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 12.04.2013
Following 8 (Eight) proposals have been approved.
Sl.
No.
0.99
0.24
FDI/NRI inflows
(` in crore)
0.10
0.01
216.00
275.00
179.04
24.85
Sl.
No
1 M/s Sutures (I) Pvt. Ltd. Increase of foreign equity in an existing pharma sector company.
2 M/s Calyx Chemicals &
Pharmaceuticals Ltd.
3 M/s Total Prosthetics &
Onthotics India Pvt. Ltd.
Haryana
4 M/s BF Elbit Advanced
Systems Pvt. Ltd., Pune
3.
Sl.
No
The
Post facto approval has been sought for the issue of warrants to carry
out the business of Floriculture & Food processing under controlled
conditions.
4.
The following 01 (One) proposal has been recommended to advise the applicant that the
proposal is not within the purview of FIPB:
Sl. Name of the applicant
No.
1 M/s Tata Advanced
Materials Limited,
Bangalore
5.
FDI/NRI
inflows
(` in crore)
100.00
7.00
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe31stOctober,2008
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
held on 24th October, 2008, Finance Minister, Shri P. Chidambaram has approved 40 Proposals of
Foreign Direct Investment amounting to Rs. 1498.51 Crore approximately. The proposals relate to
Ministries/Departments, namely, Commerce, Economic Affairs, Industrial Policy & Promotion,
Information & Broadcasting, Power, Urban Development, Information Technology,
Telecommunication,FinancialServicesandRoadTransport&Highways.
(P.K.Bagga)
OSD(CM&I)
23094172
Email:[email protected]
To
TheDeputyDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
24.10.2008
Following40(Forty)caseshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
COMMERCE
1 M/sSherwinWilliams
Company,USA
2.40
US$
5Million
(Rs.24.90Crore)
ECONOMICAFFAIRS
3 M/sILFSORIXTrust
CompanyLtd.,Mumbai
400.00
4 M/sPegasusAssets
Tosubscribetoequitysharesatapricehigherthanthe
ReconstructionPvt.Ltd., pricedeterminedasperthepricingguidelinesissuedby
Mumbai
theRBI.
51.66
5 M/sAliedDigitalService Transferofsharesbywayshareswap.
Ltd.,Mumbai
6 M/sINXNewsPvt.Ltd.,
Noida
NoFreshInflow
26.00
Conversionofoperatingcompanyintoanoperatingcum
holdingcompanytomakedownstreaminvestment.
8.10
60.59
7 M/sAshokaBuildcon
Ltd.,Nasik
9 M/sAthenaProject
PrivateLtd.,NewDelhi
TransferofsharesfromIndianentitytoNR.
10 M/sCroupierPrive
Mauritius
Tomakeinvestmentincommodityexchanges.
11 M/sEtisalatSoftware
SolutionsPvt.Ltd.,
Bangalore
71.25
47.57
0.92
12 M/sMahindraHolidays& Conversionofoperatingcompanyintoanoperatingcum
ResortsIndiaLtd.,
holdingcompanytomakedownstreaminvestment.
Chennai
12.37
13 M/sAlmondzGlobal
Postfacto approval for foreign equity participation by
SecuritiesLtd.,NewDelhi way of subscribing to fully convertible warrants
convertibleintoequityshares.
8.53
14 M/sForumVenturesPvt. Conversionofoperatingcompanyintoanoperatingcum
Ltd.,Kolkata
holdingcompanytomakedownstreaminvestment.
99.97
15 M/sLouisVuitton
Malletier
150.00
Conversionofoperatingcompanyintoanoperatingcum
holdingcompanytomakedownstreaminvestment.
INDUSTRIALPOLICY&PROMOTION
16 M/sKaalFlexPvt.Ltd.
17 M/sArmetArmored
Vehicles(India)Ltd.,
Kanpur
2.55
INFORMATION&BROADCASTING
18 M/sStarCJNetworkIndia To invest up to 100% to undertake the creation of
Pvt.Ltd.,Mumbai
televisionchannelsforthepurposeofbroadcastingand
fordistributionthroughmediaplatforms.
0.01
POWER
19 M/sISNIElectricPower
CompanyPvt.Ltd.,USA
ToissueandallotequitysharesinconsiderationforPre
incorporationexpensesinpowergenerationsector.
0.69
URBANDEVELOPMENT
20 M/sU.DORIEngineering Conversionofoperatingcompanyintoanoperatingcum
WorksCorporationLtd., holdingcompanytomakedownstreaminvestment.
Hyderabad
125.00
ECONOMICAFFAIRS
21 M/sMarks&SpencerPlc Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
holdingcompany.
22 M/sABBHoldings(South Merger and allotment of shares pursuant to the orders
NoFreshInflow
Asia)Ltd.
passedbytheHonbleHighCourtofKarnataka.
23 M/sSCICOM
TechnologiesPvt.Ltd.
24 M/sMaanaveeya
Holdings&Investments
Pvt.Ltd.
INDUSTRIALPOLICY&PROMOTION
25 M/sPhilipsElectronics
IndiaLtd.
Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
holdingcompanytomakedownstreaminvestment.
26 M/sYamahaMotorIndia TransferofbusinessoperationsandFCapprovalwithout
NoFreshInflow
Pvt.Ltd.
transferofequity.
27 M/sBaringsIndiaLtd.
Conversionofoperatingcompanyintoanoperatingcum
(nowknownas
holdingcompanytomakedownstreaminvestment.
NoFreshInflow
MacquarieCapital
Advisers(India)Pvt.Ltd.
INFORMATON&BROADCASTING
28 M/sAsianet
CommunicationsLtd.
Demergerandtransferofsharesbywayofshareswap.
NoFreshInflow
INFORMATION&TECHNOLOGY
29 M/sBalajiTelefilmsLtd.
30 M/sGeomysoreServices Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
(India)Pvt.Ltd.
holdingcompanytomakedownstreaminvestment.
TELECOMMUNICATION
31 M/sUnitedVillages
NetworksPvt.Ltd.
Deletionofoneoftheclausefromtheapprovalletteras
the activity undertaken by the company is not NoFreshInflow
categorizedinthatcategory.
COMMERCE
32 M/sInterglobe
EnterprisesLtd.,New
Delhi
0.51
33 M/sMcleodRusselIndia Toincreaseinthelimitoftotalholdings;ofallFIIs/sub
Ltd.,Kolkata
accountsofFIIs,puttogether,from24%ofthepaidup
(i)capitalofthecompanyto40%ofthepaidupcapital
of the company; and (ii) value of respective series of
NoFreshInflow
convertible debentures of the company to 40% of the
paid up value of the respective series of convertible
debenturesofthecompany.Thecompanyisengagedin
growing,manufacturingandsellingofbulktea.
ECONOMICAFFAIRS
34 M/sTutorvistaGlobal
Pvt.Ltd.,Chennai
35 M/sAdaniPowerLtd.,
Ahmedabad
29.69
36 M/s.Asset
Induction of a new foreign collaborator and increase in
ReconstructionCo.(India) the foreign equity participation from 5% to 14.66% in
Ltd.
theAssetReconstruction.
272.86
FINANCIALSERVICES
INFORMATION&BROADCASTING
37 M/sRussellSquare
Tosetupa JVtoundertakethe businessofAdvertising.
HoldingB.V.Neetherland ProposalattractsPressNote1of2005.
38 M/sAmarUjala
PublicationsLtd.
0.80
ROADTRANSPORT&HIGHWAYS
39 M/sMekaInfrastructure Conversion from operating company to operating cum
Pvt.Ltd.,Mumbai
holdingcompanytomakedownstreamInvestment.
10.00
TELECOMMUNICATION
40 M/sEsselShyam
CommunicationLtd.,
Noida
92.14
2.
Thefollowing7(Seven)proposalshavebeenrecommendedtobedeferred:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/sGallagherMautitius TransferofsharesbywayofshareswapinITsector.
Holdings,Mauritius
2 M/sWorldSpace(I)Pvt. Toprovide/undertaketheactivitiesofwebbasedservices.
Ltd.
3 M/sZFFriendrichsafen
AG,Germany
TosetupanewJointVentureCompanyformanufacturingandmarketing
ofrubberandrubbertometalpartsforautomotiveindustry,agriculture
and construction machinery, railway and construction application. The
proposalattractsPressNote1of2005.
4 M/sG4SCorporate
ServicesIndiaPvt.Ltd.,
Gurgaon
5 M/sQuEST
Conversion from operating company to operating cum holding company
ManufacturingPvt.Ltd., tomakedownstreamInvestment.
Bangalore
6 M/sDelightInvestments InductionofforeignequityintwoIndiancompaniesandtoconverttheir
PteLtd.,Singapore
statusfromoperatingcompanyintooperatingcumholdingcompanyfor
makingfurtherdownstreaminvestments
7 M/sJTInternational
MauritiusPvt.Ltd
3.
Toincreaseinforeignshareholdingfrom50%to74%.
Thefollowing4(Four)proposalshavebeenrejected:
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
1 M/sKeppelPuravankara To sell a part of unused land out of the total plot which was initially
DevelopmentPvt.Ltd., acquiredtoundertakeaconstruction/housingproject.
(KDPL),Bangalore
2 M/sRISHPTELtd.,Cook PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
Islands
whichotherwiserequiresFIPBapproval.
3 M/sRISHPTELtd.,Cook PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
Islands
whichotherwiserequiresFIPBapproval.
4 M/sGeldConsultancy
ServicesPvt.Ltd.,
Mumbai
4.
The following 2(Two) proposals have been recommended for the consideration of CCEA, as the
investmentinvolvedintheproposalsisaboveRs.600.00Crore.
Sl.
No
Nameoftheapplicant
Particularsoftheproposal
FDI/NRI
inflows(Rs.
InCrore)
1 M/sTPGIndia
InvestmentsI,Inc.,
Mauritius
805.61
2 M/sSuzlonEnergyLtd.,
Ahmedabad
1800.00
5.
1(One)proposalhasbeenrecommendedfortheconsiderationofCCEA,astheinitialapprovalwas
grantedbyCCFI(nowCCEA).
Sl.
No
Nameoftheapplicant
1 M/sPepsicoIndia
HoldingsPvt.Ltd.
Particularsoftheproposal
ToincreasetheapprovedequityfromUS$405Millionto
US$ 455 Million and also to delete a condition in the
approval letter. The initial proposal was approved by
FIPB/CCFI.
*****
FDI/NRIinflows
(Rs.InCrore)
US$50Million
(Rs.249.05
Crore)