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.
Following 13 (Thirteen) proposals have been approved.
|
Sl. No. |
Name of the applicant |
Particulars of the proposal |
FDI/NRI inflows (Rs. In Crore) |
COMMERCE
|
1 |
M/s Kludirak India Pvt. Ltd., Mumbai |
To set up a JV company to undertake wholesale cash & carry trading. The proposal attracts Press Note 1 of 2005. |
1.89 |
|
2 |
M/s L.Occitane Singapore Pte Ltd. |
To acquire 51% equity of the Indian company to carry out the single brand retail trading. |
Not indicated |
ECONOMIC AFFAIRS
|
3 |
M/s Ramboll Singapore Pte Ltd., Singapore |
Post facto approval for foreign equity participation in respect of fully paid up equity shares by virtue of its acquisition in 2008 to undertake Tower Engineering and tower related services. The proposal attracts Press Note 1 of 2005. |
3.00 |
|
4 |
M/s InfxQ Knowledge Services Pvt. Ltd., Bangalore |
Issue of equity shares against the money received as advance towards export of services.
|
1.08 |
INFORMATION & BROADCASTING
|
5 |
M/s S & S Media (India) Enterprises Pvt. Ltd., Bangalore |
To induct foreign equity participation upto 100% to publish Specialty Magazines. |
0.30 |
SHIPPING
|
6 |
M/s TM International Logistics Ltd., Kolkata |
To issue shares against consideration other than cash. |
40.00 |
ECONOMIC AFFAIRS
|
7 |
M/s General Motors Acceptance Corporation |
To waive off the condition of minimum capitalization norms. |
No Fresh Inflow |
INUSTRIAL POLICY & PROMOTION
|
8 |
M/s Strata Geosystems (I) Pvt Ltd. |
To (i) regularise foreign inward remittances as well as allotment of shares, (ii) further compounding by RBI to be waived off, and (iii) to allow them to raise the FDI participation up to Rs. 5 .00 Crore, without change in approved percentage. |
No Fresh Inflow |
|
9 |
M/s Sterlite Technologies Ltd. |
To issue and allot warrants on preferential basis. |
103.95 |
INFORMATION & BROADCASTING
|
10 |
M/s Dish TV India Ltd. |
To make an amendment in FC approval letter. |
243.40 |
TELECOMMUNICATIONS
|
11 |
M/s Sistema Shyam Teleservices Ltd. |
Ex-Post-facto approval for conversion of operating company into operating cum holding company and making downstream investments. |
No Fresh Inflow |
DEFENCE PRODUCTION
|
12 |
M/s Taneja Aerospace and Aviation Ltd., Tamil Nadu |
To regularize the FII investment in the Defence Sector. |
No Fresh Inflow |
TELECOMMUNICATIONS
|
13 |
M/s Devas Multimedia Pvt. Ltd., |
To induct fresh foreign equity participation with the induction of a new foreign collaborator. |
Not Indicated |
The following 8 (Eight) proposals have been deferred:
|
Sl. No |
Name of the applicant |
Particulars of the proposal |
|
1 |
M/s Supreme Infrastructure India Limited, Mumbai |
To issue fully convertible equity warrants directly to Foreign Institutional Investor. |
|
2 |
M/s Sahara One Media and Entertainment Ltd., Mumbai |
Ex-post-facto approval for foreign investment by NRIs and FIIs to carry out the activities relating to Entertainment Media, Motion Pictures. |
|
3 |
M/s Rama Cylinders Pvt. Ltd. |
To make an amendment in the FC approval. |
|
4 |
M/s Sun Trechnics Energy Systems Pvt Ltd. |
To issue shares against Trade payable. |
|
5 |
M/s Synergy Media Entertainment Ltd. |
To increase the foreign shareholding of the paid equity share capital to carry out the activities relating to FM Radio Broadcasting in various circles in India. |
|
6 |
M/s UTV Software Communication Ltd. |
To issue and allot equity shares pursuant to the scheme of arrangement approved by the Hon'ble High Court of Bombay. |
|
7 |
M/s Eads Deutchland GmbH (EADs), Germany and Larsen & Tourbo Limited (L&T), Mumbai |
To incorporate a manufacturing Joint Venture company to undertake the production of Defence equipment (manufacture of arms and armaments). |
|
8 |
M/s ByCell Telecommunication Pvt. Ltd., |
A decision is required to be taken in the light of the High Court's directions that any representation made by ByCell is to be considered by FIPB in light of MHA's objections to security credentials of the company. |
The following 2 (Two) proposals have been rejected:
|
Sl. No |
Name of the applicant |
Particulars of the proposal |
|
1 |
M/s LGT Venture Philanthropy Foundation, Zurich |
Relaxation in fulfillment of the condition of minimum capitalization norms. |
|
2 |
M/s ICICI Investment Management Company Ltd., Mumbai |
To make investment by a Foreign Fund Company into an Indian Fund Company. |
The following 01 (One) proposal has been noted:
|
Sl. No. |
Name of the applicant |
Particulars of the proposal |
FDI/NRI inflows (Rs. In Crore) |
|
1 |
M/s Caparo Engineering India Pvt Ltd. |
Ex-post-facto approval for conversion of an operating company into operating cum holding company for making downstream investment. |
No Fresh Inflow |
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