19 FDI Proposals Approved

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRIinflows (Rs. incrore)

1

M/s Responsive Industries Ltd., Mumbai

To issue warrants to carry out the business ofmanufacturing PVC products such as PVC leather cloth, vinyl floorings, rigid blister films and soft sheeting.

1.75

2

M/s EADS DeutschlandGmbH and M/s LARSEN & TOUBRO Ltd. Mumbai

Induction of foreign equity upto 26 per cent to carryout the business of manufacturing, distributing andmarketing of products in the market segments of electronic warfare, military avionics, mobile systems (defence related) and radars.

7.8

3

M/s Future VenturesIndia Limited, Mumbai

Induction of foreign equity in investing company byway of issue and allotment of equity shares in the IPO of the company to FIIs and NRIs under the PortfolioInvestment Scheme (PIS).

300.00

4

M/s StandardChartered Bank(Mauritius) Limited, Mauritius

To acquire equity shares of an India company whichwill undertake additional business of operating a stockexchange and specifically trade in currency andinterest rate futures.

4.50

5

M/s TSW Holding GmbH, Austria

To set up a WOS to act as an investing company.

0.01

6

The Karur Vysya BankLtd., Karur

To issue partly paid up shares.

107.50

7

M/s Yorozu Corporation, Japan

To set up a JV Company to undertake the businessof manufacture of chassis, suspension parts and otherautomotive parts.  The proposal attracts para 4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy.

140.00

8

M/s A&E TelevisionNetworks, LLC, New York, USA

To subscribe to the equity shares of an Indiancompany engaged in up-linking and down-linking of Non-News and Current Affairs Channels in India.

22.50

9

M/s Federal ExpressEurope Inc, USA

To set up a WOS to undertake the business of Courier, Express Transportation, Logistics andWarehousing Services.

607.00

10

M/s JFE Shoji TradeCorporation, Japan

To subscribe to the shares of an Indian companyengaged in the business of manufacturing of various types of steel products.  The proposal attracts para4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy.

38.39

(USD 8,577,919)

11

M/s Tata SteelLimited, Mumbai

To issue warrants as part of fund mobilization plan.

1100.00

12

M/s EnnoreAutomotive LogisticsLimited

To make amendment in the FC approval to bring innew foreign investor in an Investing Company.

0.39

13

M/s Lakshmi MachineWorks Ltd., Tamil Nadu

To undertake new activities of manufacture parts, components and accessories for aircraft and spacecraft to be supplied to civil and defence sectors.

No FreshInflow

14

M/s HindalcoIndustries Ltd., Mumbai

Ex-post-facto approval for issuance of partly paidup shares as part of Rights Issue.

508.63 (already brought)

15

M/s Wireless BusinessServices Pvt. Ltd., Mumbai

Induction of foreign equity to carry out thebusiness of internet and broadband services.

371.12

16

M/s Wireless Broadband BusinessServices (Haryana) Pvt. Ltd., Delhi

Induction of foreign equity to carry out thebusiness of internet and broadband services.

20.36

17

M/s Wireless Broadband BusinessServices (Delhi) Pvt. Ltd., Delhi

Induction of foreign equity to carry out thebusiness of internet and broadband services.

362.78

18

M/s Wireless Broadband BusinessServices (Kerala) Pvt. Ltd., Delhi

Induction of foreign equity to carry out thebusiness of internet and broadband services.

42.64

19

M/s Falcon Tyres Ltd., Karnataka

Induction of foreign equity by way of issue partlypaid up shares.

705.40

Sl. No

Name of theapplicant

Particulars of the proposal

1

M/s Aim Star NetworkEnterprise Pvt. Ltd., Mumbai

Induction of foreign equity upto 100 per cent to undertake the activities of trading of items sourced from Medium & Small Scalesector.

2

M/s Rhodia S.A., France

To set up a WOS to undertake the activities relating tomanufacturing chemicals relating to polyamide meant for engineeringplastics and silica.  The proposal attracts para 4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy.

3

M/s RahimafroozBatteries Ltd., Bangladesh

To set up a WOS to undertake import and wholesale distribution of batteries and providing after sales services in India by a companyfrom Bangladesh.

4

M/s Maini PrecisionProducts Pvt. Ltd., Bangalore

To undertake defence related additional activities of manufactureof parts and accessories of aircrafts, spacecrafts.

5

M/s KantilalChhaganlal Securities Pvt. Ltd., Mumbai

Ex-post-facto approval for issuance of warrants to carry out thebusiness of Stock broking activities in cash, futures and options segment.

6

M/s DhunseriInvestments Ltd., Kolkata

To issue and allot equity shares to the non-resident shareholderconsequent upon demerger.

7

M/s NetmagicSolutions Pvt. Ltd., Mumbai

To increase foreign equity from 49 per cent to 74 per cent to carryout the business of ISP with gateways.

8

M/s Mango Holding Limited, Bangladesh

To subscribe to equity shares of an Indian company engaged in thebusiness of manufacturing and Supply of Wireless Equipment by a company from Bangladesh.

9

M/s Augere Wireless Broadband India Pvt. Ltd., Delhi

To increase foreign equity from 49 per cent to 74 per cent to carryout the business of Broadband wireless services, internet services andother telecommunication related services.

10

M/s ABG Shipyard Ltd., Mumbai

To enter into Defence Contracts

11

M/s JubilantAeronautics Pvt. Ltd. (JAPL), Delhi

Induction of foreign equity to carry out the manufacturing ofdifferent types of Unmanned Aerial Systems (UAS) and accessories.

12

M/s VerizonCommunications IndiaPvt. Ltd.

Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector.

13

M/s Pran Beverages (India) Pvt. Ltd., Kolkata

Induction of foreign equity by a company from Bangladesh.

14

M/s Checkmate Services Pvt. Ltd., Gujarat

Induction of foreign equity in a company engaged in privatesecurity services.

15

M/s RelianceBroadcast Network Ltd., Mumbai

Induction of foreign investment by FIIs, NRIs by way of freshallotment of shares by private placement or otherwise and/or investments through Stock Exchanges by way of portfolioinvestments, upto the limit of 20% of the total aid up capital of thecompany. The company is engaged in FM Radio Broadcasting.

16

M/s Essar CapitalHoldings (India) Ltd., Mumbai

Acquisition of equity shares by way of subscription to new equity shares and/or purchase of existing equity shares in an investingcompany engaged in the telecom sector.

Sl. No

Name of theapplicant

Particulars of the proposal

1

Mr. JaishankarRamchandran and Nicholls Steyn & Associates (Pty) Ltd., South Africa

Induction of foreign equity to carry out the business of PrivateSecurity Agency.

2

M/s B4U TelevisionNetwork (India) Pvt. Ltd.

Induction of foreign equity by an erstwhile OCB to carry out thebusiness of up-linking a non-news and current affairs TV channel.

Sl. No

Name of the applicant

Reasons

1

M/s Forbo Holding AG,Lindenstrasse, Switzerland

This proposal attracts para 4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy. Applicant's contention regardingtermination of agreement is contested by Indian partner.