25 FDI Proposals Amounting to Rs. 2973.40 Crore Approved.

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. In crore)

1

Mr. Ranjit Shridhar  Shetty, Karnataka

To form an LLP with induction of foreign equity to undertake the whole sale trading, export and import of various products.

0.02

2

M/s Mamta Vijay, Delhi

To form an LLP with induction of foreign equity to undertake the wholesale trading in high technology testing equipment and high precision calibration standards.

0.50

3

M/s Ness Mauritius, Mauritius and M/s Ness Technologies (East) B.V., Netherlands

To form an LLP with induction of foreign equity to undertake the business of software development & IT enabled Services.

0.01

4

M/s AIF III Sub Pvt. Ltd., Mauritius

Induction of foreign investment in the units of a Fund constituted as a Trust.

1000.00

5

M/s Sun Pharma Research Company Limited, Mumbai

Induction of foreign equity by way of issue of partly paid up shares to carry out the development of new proprietary drugs.

10.00

6

M/s Bloomsbury India UK Limited, UK

Induction of foreign equity to carry out the business of publishing/printing of books on fiction and non-fiction, electronic publishing, wholesale & retail trading, periodicals books, academic, research and other journals and directories, etc.

9.38

7

M/s NGC Network (India) Pvt. Ltd., Haryana

To undertake the activity relating to uplink and downlink of television channels for non-news and current affairs through internal accruals.

Nil

            8

M/s Health Media Publishing Private Ltd.

Induction of foreign equity to carry out the business of publishing magazines & periodical journals in the area of healthcare & overall wellness.

Nil

9

M/s Capitaretail Jalandhar Mall (Mauritius) Ltd., Mauritius

NR-NR transfer of shares of company is engaged in the business of construction and development of commercial malls in India on account of reorganisation of the foreign investor group companies within three years lock in period. 

117.00 (already brought)

10

M/s Goyal & Co. (Const.) Pvt. Ltd., Ahmedabad

Post facto approval for issuance of partly paid up shares to carry out the business of construction and development of land and construction of various Residential and Commercial Schemes.

3.45 (already brought)

11

M/s Mozart Limited, Mauritius

Induction of foreign investment in the existing company in the pharmaceuticals sector (brownfield investments).

300.00

12

M/s Genworth Financial Mortgage Guaranty India Pvt. Ltd.

Induction of additional foreign equity in company engaged in the business to offer mortgage guaranty products that provide residential mortgage credit default protection in the Indian market to residential mortgage lenders (primarily banks financial institutions).

124.00

13

M/s Euronet Services Pvt. Ltd.

Ex-post facto approval for the foreign investment made till date in the company and to cover the activity of ‘cashnet’, a shared ATM network.

Nil

14

M/s Allergan Health Care India Pvt. Ltd.

The Scheme of Amalgamation of company engaged in the pharmaceutical sector approved by the High Court of Karnataka. 

NA

15

M/s Indusind Media & Communication Ltd.

Conversion of 7-year Cumulative Non-Convertible Redeemable Preference shares into equity to carry out the business of Cable Network Distribution.

Nil

16

M/s Ankur Drugs and Pharma Ltd., Mumbai

To issue warrants to carry out the business of manufacturing of pharmaceutical formulations.

40.00

17

M/s Sunraj Diamond Exports Limited, Mumbai

Transfer of shares by way of share swap to carry out the business of cleaning, polishing and selling of Diamonds.

Nil

18

M/s SNC-Lavalin Mauritius Limited, Mauritius

Induction of foreign equity in an investing company.

51.02

19

M/s Plethico Pharmaceuticals Limited, Mumbai

Issue of foreign currency convertible bonds to carry out the business of drug discovery and development.

500.00

20

M/s Catvision Limited, Noida

To increase foreign equity participation to carry out the business of manufacture of CATV equipment, selling CATV equipment like Dish Antenna, other CATV equipment, cables, energy management equipment and repair of apparatus for television transmission, other business services.

0.98

21

M/s Kintetsu World Express (India) Pvt. Ltd., Karnataka

Induction of foreign equity to carry out the business of express distribution, supply chain and third party logistics services.

267.69

22

M/s Microqual Techno Ltd., Mumbai

Increase in foreign equity to carry out the business of wireless telecommunications.

522.90

23

M/s Nilayami Realtors Private Limited, Mumbai

Post-facto approval for issuance of partly paid up shares.

21.47  (already brought)

24

M/s Hughes Communications India Ltd.

To make downstream investment to carry out the activity of rendering online and interactive skill development, vocational programmes and other training programmes.

No Inflow

25

M/s ISG Onboard Enterprises US Ltd., New York

To set up a WoS company for undertaking the activities of (i) sale of duty free goods to passengers on international flights of India bases airlines; and (ii) sale of duty free goods to India based airlines for onward sale to passengers by such India based airlines on international flights and related activities. 

5.00

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Track Systems India Private Limited, Tamil Nadu

Induction of foreign equity to carry out the manufacturing, assembling, marketing, trading in defence sector

2

M/s Amertec Systems Pvt. Ltd., New Delhi

Induction of foreign equity to carry out the manufacturing of advanced electronic systems, test systems, simulators and electronic systems for military applications.

3

M/s Paragon Asset Reconstruction Pvt. Ltd., Mumbai

Induction of foreign equity to carry out the business of Asset Reconstruction.

4

M/s Stellence Pharmscience Pvt. Ltd., Bangalore

Induction of foreign equity by way of transfer and issue of equity shares and compulsory convertible preference shares to carry out the business of manufacture and sale of Active Pharmaceutical Ingredients and advanced intermediates.

5

M/s Fabindia Overseas Pvt. Ltd.

To change the permitted equity participation by the 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.

6

M/s NCBG Holdings Inc (DCX Cable Assemblies Pvt. Ltd.

To undertake the additional activities in the defence sector.

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 operating-cum-holding company.

8

M/s MF Global Sify Securities India Pvt. Ltd.

Increase in foreign equity participation to carry out the business of commodity broking and Stock broking.

9

M/s Tara Aerospace Systems Limited, Mumbai

To undertake additional activities of inter-alia  design, development, engineering, manufacturing, integration, assembly, testing and 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 Holdings Pte Ltd., Singapore/ M/s CLSA Limited, Hong Kong

Induction of foreign equity in an investing company to carry on the business of process outsourcing services for clients, both domestic and offshore.

11

M/s Ordain Health Care Global Pvt. Ltd., Chennai

Induction of foreign investment in an existing company engaged in the business of manufacturing, research & development for technology advancement, and marketing of pharmaceutical finished dosage formulations.

12

M/s Sutures India Private Limited, Bangalore

Induction of foreign investment in an existing company engaged in the business of manufacturing and export of sutures, surgical tapes, mesh bone wax, atraumatic needles, skin staplers and surgical gloves.

13

M/s Netmagic Solutions Pvt. Ltd.

Increase in foreign equity upto 74 percent and induction of a new foreign collaborator to undertake the business of Internet Service Provider with gateways. 

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Budenheim India Private Limited, New Delhi

Ex-post facto approval for issue of equity shares against pre incorporation/pre-operating expenses.  The company is engaged in the business of sales coordination for the parent company and its group concerns and wholesale trading.

2

M/s Growing Opportunity Finance (India) Pvt. Ltd., Chennai

Extension of time to take steps to meet the minimum capitalisation norms as per the FDI policy in force in NBFC activities.

3

M/s Horst Pandey Art Resort LLP, Goa

Post facto approval for induction of foreign equity in an LLP to carry out the business of artistically designing, managing, furnishing, decoration of health resorts, holiday resorts, hotels motel, Bar & Restaurant.

4

M/s Hey House Publishers (I) Pvt. Ltd.

Deletion of compounding condition.

5

M/s Limitless World LLC

Repatriation of the original investment. The company is engaged in the business of construction and development of townships.

6

M/s Munoth G’Five Telecom, Chennai

Induction of foreign equity to carry out the business of whole sale distribution of mobile phones, laptops, pads and value added service for mobile phones.

7

M/s Deltronix India Limited

To allot equity shares in lieu of amount payable for powder coating plant and machinery to carry out the business of manufacture of transport equipment and parts.

8

M/s Putzmeister Concrete Machines Pvt. Ltd.

Capitalisation of import payables to carry out the business of manufacturing, marketing and sale of Putzmeister range of concrete pumps, other related products and rendering related after-sales services.

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. in crore)

1

M/s Diners Club International Ltd., USA

To set up a WoS to carry out the business of providing support services to parent company which is engaged in operating a payment system.

0.12

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. In Crore)

1

M/s Palred Media and Entertainment Pvt. Ltd., Hyderabad

Post facto approval for induction of foreign equity.  The company is engaged in the business of film production and distribution of films, cinemas, motion pictures, television entertainment, animation, internet portals etc.

1.91

2

M/s Apotex Research Pvt. Ltd.

Increase in foreign equity to undertake research 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.

500.00

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. in crore)

1

M/s Netenrich Technologies Pvt. Ltd.

For deletion of compounding condition on the ground that partly paid up shares are not proposed to be made fully paid up. 

Nil