Government Approves Thirteen Proposals of Foreign Direct Investment (FDI) Amounting to About Rs. 1258.53 Crore

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. in crore)

1

M/s Indian Rotocraft Pvt. Ltd.

Amendment in the approved activities of the previous FC approval letter to replace the helicopter model as AW 119Kx, the upgraded model, in place of AW 119Ke, the discontinued model.

Nil

2

M/s BF Elbit Advanced Systems Pvt. Ltd., Pune

Induction of foreign equity in defence sector.

37.44

(US $ 6 million)

3

M/s Camson Bio Technologies Ltd., Karnataka

Issue of warrants to a foreign collaborator in the business of agricultural biotechnology.

32.18

4

M/s SD Bio Standard Dignostics Ltd

Infusion of additional FDI in an existing foreign owned pharma company.

27.5

5

M/s Shantha Biotechnics Pvt. Ltd.

An existing foreign investor in a brownfield pharma company to buy out the shares held by NRIs and Indian residents and to infuse fresh equity investment.

755.00

6

M/s Empays Payment System India Pvt. Ltd., Mumbai

To set-up a Multi- Bank Payment System using the Instant Mobile Transfer System (IMT).

27.50

7

M/s Equitas Holdings Pvt. Ltd.

A holding-cum-investment company in microfinance sector to increase FDI by issuance of equity shares and new foreign investors.

222.80

8

M/s Jaguar-Max Security Solutions Pvt. Ltd., New Delhi

Induction of foreign investment to carry out the business of Private Security Services company.

0.11

9

M/s Stork Titanium Pvt. Ltd., New Delhi

Induction of foreign investment to carry out the business of manufacturing, trading and dealing in titanium products.

156.00

(US $ 25 Million)

10

M/s Styrolution South East Asia Pte. Ltd., Singapore

NR to NR transfer of shares within a group company by way of a block deal on the special trading window of BSE Ltd., /NSE Limited.

Nil

11

M/s HCL Technologies Ltd., New Delhi

Induction of direct foreign investment in its own total paid-up equity share capital and consequent indirect foreign investment in its wholly owned subsidiary.

Nil

12

M/s Cable & Wireless Pvt. Ltd.

Overseas group restructuring in telecom Sector Company without change in approved FDI/cap/investor.

Nil

13

M/s Multi Screen Media Pvt. Ltd.

To increase the foreign equity participation for production of television programmes in Indian and downlinking   certain TV channels.

Nil

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s SasMos Het Technologies Ltd., Bangalore

Post facto approval to undertake manufacturing of electronic warfare subsystems, parts and accessories for airborne ground and naval application etc.

2

M/s Jubilant Aeronatics Pvt. Ltd.

Amendment in the approved activities of the approval letter in defence sector.

3

M/s Kinedex Healthcare Pvt. Ltd., Jaipur

Post facto approval for induction of foreign equity in the existing Indian pharma company.

4

M/s Laurus Labs Pvt. Ltd., Hyderabad

Downstream investment in an Indian pharmaceutical company by way of subscription to fresh allotment of equity shares.

5

M/s Soma Tollways Pvt. Ltd.

Post facto approval for increase in foreign equity in an investing company.

6

M/s M.D. Shajahan Bablu, Bangladesh

Bangladesh nationals to incorporate a company in India with 100% FDI to engage in trading of Raw Jute and Jute Products and Agro based products.

7

M/s Green Destinations Holdings, Mauritius

NR to NR transfer of shares before the expiry of lock-in period.

8

M/s Monsoon Capital LLC, USA

To make FDI investments directly or indirectly in an Indian Trust.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Sundaram Ramaswamy, Gurgaon

Conversion of an existing Indian Company into a LLP and additional FDI infusion.

2

M/s SQS India Infosystems Pvt. Ltd., Pune

Post-facto approval for swap of shares to carry out the business of Software Testing Services.

SlNo

Name of the applicant

Particulars of the proposal

1

M/s Octania Aerostructure Group Pvt. Ltd., New Delhi

To issue equity shares to a foreign investor in lieu of technology transfer/knowhow to set up an aerospace machining and treatments company.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Advanta Pvt. Ltd.

Post-facto approval for induction of foreign investment into the company to carry out the business of Research, Production and marketing of hybrid seeds.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Artura Pharmaceuticals Pvt. Ltd., Tamil Nadu

Post-facto approval for delay of 6 months and 2 days in receiving part of the consideration for the issue of equity shares in an existing pharma company.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Brampton Pvt. Ltd.

Clarification regarding limit on percentage of shareholding to be held either by Indian partner or foreign partner for forming the joint venture company.

2

M/s Acebright (India) Pharma Pvt. Ltd., Karnataka

A foreign owned Indian pharma company to receive additional foreign investment by way of fresh issue and transfer. Post-facto approval is also sought for an earlier transfer.

3

M/s Manipal Technologies Ltd., Karnataka

Induction of foreign investment in order to invest in the subsidiary to enter into cards payment system management and processing services for all kinds of alternate delivery channels including ATM.

4

M/s AU Housing Finance Limited, Jaipur

An Indian Housing Finance Company proposes to increase direct and indirect foreign investment upto 95%, without meeting the minimum capitalization norm of USD 50 million.

5

M/s Aerrianta International CPT, Ireland

To set up a 50:50 JV company to engage in running duty free shops at Mumbai airport.

1

M/s Axis Bank Limited, Ahmedabad

A private bank proposes to increase the foreign equity from the existing 49% to 62%.

6265.76