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TMI Blog17 FDI PROPOSALS CLEAREDX X X X Extracts X X X X X X X X Extracts X X X X ..... 17 FDI PROPOSALS CLEARED - News and Press Release Dated:- 7-9-2007 - News - 17 FDI PROPOSALS CLEARED " <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> Finance Minister, Shri P. Chidambaram has approved 17 Foreign Direct Investment proposals recommended by Foreign Investment Promotion Board (FIPB) in its meeting held on <?xml:namespace prefix = s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t1 ns = "urn:schemas-microsoft-com:office:smarttags" /> 31 st August, 2007 . The approval amounts to Rs. 284.7695 crore. The proposals are related to Ministries /Departments, namely,Agriculture Cooperation, Chemicals Petro-chemicals, Commerce, Consumer Affairs, Heavy Industry, Information Broadcasting, Telecommunications and Economic Affairs. The major investment proposals pertain to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Ministries/Departments of Heavy Industry Economic Affairs The details of the proposals approved are as follows: Sl. No. Name of the applicant Particulars of the proposal FDI/NRI inflows (Rs. In crore) AGRICULTURE COOPERATION 1 M/s. Phoenix Comtrade Pvt. Ltd. Mumbai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Induction of foreign equity upto 100% in this company by Phoenix Commodities Ltd., British Virgin Islands , proposed to be engaged in the activity of future markets/trading on commodity exchanges besides other wholesale/export/import trading activities 4.14 COMMERCE 2 M/s. Diesel Fashion India Arvind Pvt. Ltd. To set up s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ingle brand Diesel Retail stores in India with a foreign equity of upto 51% from Diesel International BV, Netherlands , to undertake Men's and women's wear, Footwear and related accessories etc., in collaboration with Arvind Mills Limited 5.10 3 M/s. Tod's Hong Kong Ltd. To set up a single brand Tod's Retail stores in India wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th a foreign equity of upto 51% from Tod's Hongkong, to undertake selling including leather items, shores, men and women ready to wear and accessories, in partnership with Bukhanvala Holdings Limited. 5.70 HEAVY INDUSTRY 4 M/s. JTEKT Sona Automotive India Ltd, New Delhi To set up a joint venture company with a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... foreign equity of 51% from JTEKT Corporation, Japan, to undertake manufacture and sell Column Type Electric Power Steering (C-EPS) Systems. Proposal attracts Press Note 1 (2005 series). Indian partner is Sona Koyo Steering Sysytems Limited. 28.917 INFORMATION BROADCASTING 5 M/s. Publicis Group Holding B.V. Netherland Induction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of foreign equity upto 100% by way of acquisition of 30,000 equity shares of an Indian company viz., Capital Advertising Private Limited engaged in the business of advertising and public relations 0.03 TELECOMMUNICATIONS 6 M/s. OnMobile Asia Pacific Pvt. Ltd. Bangalore Issue of shares by way of share swap, for acquiring a Fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ench Company VoxMobile S.A. No fresh inflow ECONOMIC AFFAIRS 7 M/s. Rickshaw Delivery Increase in NRI equity from 50% to 100% by way of acquisition of shares of a partnership firm, the additional 50% being permitted on non-repatriation basis. 0.15 8 M/s. Sogeparticipations , France ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... To set up a WOS to undertake the activities of portfolio management services and investment advisory services. Proposal attracts Press Note 1 (2005 series) 205.8 9 M/s. New Vernon Pvt. Equity Ltd, Mauritius Induction of foreign equity in Delhi Stock Exchange by way of acquisition of up to 5% of shares 10.61 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10 M/s. Passport Global Master Fund SPC Ltd. British Virgin Islands Induction of foreign equity in Delhi Stock Exchange by way of acquisition of up to 5% of shares 10.61 INFORMATION BROADCASTING - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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