16 FOREIGN DIRECT INVESTMENT PROPOSALS APPROVED

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In crore)

1

M/s. ACI  Logistics Private Limited, Mumbai

Induction of foreign equity in a company engaged in  courier services

0.28

2

M/s. Continental AG, Germany

To set up a new Joint venture company to undertake manufacture of hydraulic brake systems for passenger cars and light-trucks. Proposal attracts Press Note 1/05

55.00

3

M/s. International Association of Plumbing and Mechanical Officials, USA

Setting up a WOS to  undertake the  activities of developing and publishing specialty journals in relation to plumbing, drinking water and sanitation systems

0.01

4

M/s. Biolandes Natural Extracts Private Limited, Madurai

Undertaking manufacture of floral and/or natural extracts / essential oils with 100% foreign equity, activity reserved for small scale sector

4.4

5

M/s. W. Lucy & Co.,

To set up a WOS to undertake manufacture of electricity distribution and control equipment for export. Proposal attracts Press Note 1 (2005 series)

64.00

6

M/s. HIPE Transport Ventures Private Limited, Bangalore

Induction of FDI in an investing/holding company engaged to develop ventures relating to infrastructure like development of ports, transportation and logistics.

88.00

7

M/s. Cookson Group Plc. UK

Acquisition of shares upto 20% by way of open offer in Foseco India, engaged in manufacturing, marketing and trading of foundry chemicals and foundry fluxes for the metallurgical industry, including the steel and foundry industry. Proposal attracts PN 1/05 on account of worldwide acquisition of Foseco Plc by Cookson Group.

1.28

8

M/s. Worldspace (I) Pvt. Ltd.

To undertake additional activities of trading of satellite radio receivers to registered business/ institutions

No fresh inflow

9

M/s. Cliffrose Investment Ltd.

Acquisition of status of operating cum holding company with downstream investment in company engaged in FM Radio

No fresh inflow

10

M/s. Aaavishkaar India Micro Venture Capital Fund

Induction of foreign equity in SEBI registered VCF against Issue of units for making investments in micro, small and medium enterprises

100.00

11

M/s. Manipal Universal Learning Pvt. Ltd.

Ex-post-facto approval for conversion of foreign owned operating company into a holding company subject to compounding by RBI for violation in the intervening period.  

No fresh inflow

12

M/s. Dolce & Gabbana, Italy

To set up a Joint venture company, in partnership with DLF group with 51% foreign equity  to undertake the business of single brand retail trading of all kinds of fashion and lifestyle products under the brand name "Dolce & Gabbana" and "DG Dolce & Gabbana"

36.50

13

M/s. South Asia Multi-Media Technologies Ltd, Mauritius

Induction of foreign equity of upto 6.98% in South Asia FM Limited, a company engaged in FM Broadcasting services

25.00

14

M/s. Grupo Omnilife S.A. de C.V. Mexico.

To establish a WOS to undertake test marketing  and manufacture, sell and distribute its proprietary nutritional food supplements and cosmetic products through its WOS in India

86.00

15

M/s. Sistema Joint Stock Financial Corporation, Russia

Increase of FDI from 10% upto 74% in Shyam Telelink Limited, a company engaged in telecom services under UAS License

187.00

 16

M/s. Bureau Veritas International S.A. (France)

Transfer of shares from non-resident to another non-resident, as a result of worldwide acquisition.  Proposal attracts Press Note 1 (2005 series)

No fresh inflow

Sl.No

Name of the applicant

Particulars of the proposal

1

M/s. MAHLE GmbH, Germany

To set up a wholly owned  investment/ holding company

2

M/s. Hero Management Service Ltd., Gurgaon

Transfer of shares of the Indian parent company by way of share swap with the shares of the UK subsidiary

3

M/s. Al Khaleej Sugar Co. (LLC) Dubai

Deletion of the prohibition on domestic trading and condition of 'grain to grain' basis import trading from the existing approval

4

M/s. Global Assets Holding Corporation Private Limited, Mumbai

FDI in a holding company having subsidiaries in the Telecom Sector  

5

M/s. Bycell Telecommunications

To undertake activities of offering GSM based cellular telephone services under UAS License agreement all over India, and increase in paid up capital of the company

6

M/s. Transcend Infrastructure Limited, Kolkata

Induction of foreign equity upto 50% in a company engaged in   the activities of IP-I category services.  Proposal also attracts Press  Note 1 of 2005 series

7

M/s. B.A.G Films and Media Ltd, Noida

Induction of foreign investment in a holding company having downstream investment in the companies to be engaged in up-linking news channels, non-news channels and FM Radio  

8

M/s. B.A.G. Films & Media Limited, Noida

Induction of foreign equity by way of issue of Foreign Currency Convertible Bonds (FCCBs) in a holding company having downstream investment in the companies to be engaged in up-linking news channels, non-news channels and FM Radio

9

M/s. Media Transasia India Ltd.

Conversion of operating company into operating cum holding company, for downstream investment in publication of specialty magazine.

10

M/s. Blackstone FP Capital Partners (Mauritius) V Ltd, Mauritius

Investment of uto 26% in Ushodaya Enterprises Limited, a company engaged in Publication of magazines/ newspapers, broadcasting and food processing

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s. RISH Pte. Ltd. Cook Islands

Transfer of shares from erstwhile OCB to Non-resident

2

M/s. RISH Pte. Ltd. Cook Islands

Transfer of shares from erstwhile OCB to Non-resident

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s. B.R. Spinners Pvt. Ltd. Ludhiana

To undertake additional activities like polythene waste and CDS, DVDs etc. which are reserved SSI items