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TMI Blog22 FDI Proposals ClearedX X X X Extracts X X X X X X X X Extracts X X X X ..... 22 FDI Proposals Cleared X X X X Extracts X X X X X X X X Extracts X X X X ..... ticulars of the proposal FDI/NRI inflows (Rs. In crore) COMMERCE 1 M/s. Georgia Pacific Kemrock International Pvt. Ltd. Vadodara Capitalization of pre-incorporation/preliminary expenses made by the foreign investor, by way of issue of shares No fresh inflow 2 M/s. Metal One Corporation, Japan To set up a new WOS to undertake the activities of import, maintain stock, inventories and sale of the products within India and overseas. Proposal attracts Press Note 1 (2005 series) 2.90 3 M/s. Palfinger Asia Pacific Pte. Ltd. Singapore To set up a trading company with a foreign equity of upto 74% undertake Import and sale to the end users/customers of Palfinger truck mounted kuckle-booms cranes, hook leaders, etc, and their after sal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e service. Proposal also involves sourcing of items from SS Sector. 2.90 4 M/s. Eric Kozlowski, USA To set up a WOS to undertake trading of items sourced from small scale sector 0.25 5 M/s. Crocs Inc. To set up a new Joint Venture with a foreign equity of 51% to undertake the business of single brand retail trading of footwear and apparels under the single brand CROCS 2.04 FOOD PROCESSING INDUSTRIES 6 M/s. Rejoire Natural Creations Private Limited, Mysore Induction of foreign equity upto 100% in a company engaged in the manufacture of items reserved for SSI sector viz., manufacture of natural perfumes and essential oil, handmade products like bags and house hold furniture and natural soft drinks 0.03 HEAVY INDUSTRY 7 M/s. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Yachiyo Industry Co. Ltd. Japan To set up a new WOS to undertake manufacture of plastic fuel tanks for automobiles. Proposal attracts press Note 1 (2005 series) 30.00 INDUSTRIAL POLICY & PROMOTION 8 M/s. UPM KYMMENE OYZ., Finland To set up a new JV with a foreign equity of 50% to undertake the activities of trading in recycled paper 14.50 SHIPPING 9 M/s. CWT International Pte. Ltd. Singapore To set up a new WOS/Joint Venture company to undertake warehousing, storage and container freight station business and other ancillary/auxiliary activities connected thereto. Proposal attracts Press Note 1 (2005 series) 24.00 ECONOMIC AFFAIRS 10 M/s. Bluechip Corporate Investment Centre Limited, Mumbai Induction of FDI in an Investment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company which has existing downstream companies. Conversion of operating company into an operating-cum-holding company 20.50 11 M/s. Croupier Prive Private Equity Fund L.P. Delaware Investment of upto 5% equity in Central Depository Services Limited 16.00 12 M/s. Maples ESM Technologies Pvt. Ltd. Chennai Issue of shares in lieu of acquiring the business of an US company, in IT sector No fresh inflow 13 M/s. SCICOM Technologies Pvt. Ltd. New Delhi Issue of shares in lieu of transfer of branch office business of the same foreign investor No fresh inflow 14 M/s. PTC India Financial Services Limited, New Delhi Conversion of status of operating company engaged in leasing and finance into operating-cum-holding company, and indu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction of foreign equity by Goldman Sachs and Macqarie, up to 40%, to make downstream investments in Indian companies engaged in the energy and related infrastructure space sectors 155.74 15 M/a. Angel Infin Pvt. Ltd. Mumbai Induction of foreign investment by IFC of upto 18% of the equity of the holding company having downstream investments in the companies engaged in the activities of share brokerage, rendering corporate and financial advisory services , portfolio brokerage, commodities broking, distribution of mutual funds and insurance products and software solution services 152.00 16 M/s. Accentia Technologies Limited Transfer of shares by way of share swap for acquiring 3 US based companies engaged in Health BPO Services No fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... esh inflow INDUSTRIAL POLICY & PROMOTION 17 M/s. Anest Iwata Motherson Ltd. Conversion of operating company into operating cum holding company to make downstream investment in companies engaged in trading, marketing and servicing of air compressors and associated spare parts & accessories etc. No fresh inflow ECONOMIC AFFAIRS 18 M/s. HP Financial Services (I) Pvt. Ltd. To undertake additional activities of financing and leasing No fresh inflow 19 M/s. Smartronics Solutions India Pvt. Ltd. Issue of shares against advance paid for purchase of second hand machinery No fresh inflow INDUSTRIAL POLICY & PROMOTION 20 M/s. Rajasthan Leather Industries Ltd, Jaipur Issue of shares against amount received in the account of a third ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company due to the account of the investee company being frozen No fresh inflow RAILWAYS 21 M/s. Sical Infra Assets Ltd, Chennai Induction of foreign equity upto 26% in investing companies in infrastructure sector 106.6 INFORMATION & BROADCASTING 22 M/s. Wai Wire and Cable Services Private Limited, USA To undertake additional activities of publishing specialty journal under the title "Wire Bulletin" No fresh inflow Total 511.4616 Cr 3. The following 13 (thirteen) proposals have been recommended to be deferred: Sl.No Name of the applicant Particulars of the proposal 1. M/s. AVA Seeds Pvt. Ltd. Bangalore change in the status of the operating company into an operating cum holding company for making further downstream inve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stments. Proposal also attracts Press Note 1 of 2005 2 M/s. Dolce & Gabbana To set up a Joint venture company 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 "Doice & Gabbana" and "DG Dolce & Gabbana" 3 M/s. Global Assets Holding Corporation Private Limited, Mumbai FDI in a holding company having subsidiaries in the Telecom Sector 4 M/s. Sistema Joint Stock Financial Corp. Russia Increase of FDI from 10% upto 74% in a company engaged in telecom sector 5 M/s. Universal Success Enterprises Ltd, Tortola To set up a WOS to hold downstream investments in various Indian companies engaged in development of SEZs 6 M/.s. Universal Succ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ess Enterprises Ltd., Tortola To set up a WOS to hold downstream investments in various Indian companies engaged development of infrastructure development projects, tourism, convention centre, Industrial Parks (including IT parks) etc. in development of SEZs 7 M/s. Universal Success Enterprises Ltd, Tortola To set up a WOS to hold downstream investments in various Indian companies engaged in development of Office parks (including industrial Parks and IT Parks) 8 M/s. JSW Energy Ltd, Mumbai Induction of foreign equity in an Indian company which has existing downstream ventures. Conversion of operating company into operating cum holding company. 9 M/s. Bycell Telecommunications India Pvt. Ltd. To undertake activities of offering GSM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... based cellular telephone services under UAS License agreement all over India, and increase in paid up capital of the company 10 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 11 M/s. KNOX Holding Pte. Ltd. Singapore Transfer of shares held by an OCB by way of sale by a foreign investor. The promoters of the Indian Company and the new foreign investors are same. 12 M/s. Redington (India) Limited, Chennai Conversion of operating company into an operating cum holding company to make downstream investments into NBFC activities 13 M/s. Dumeric Holdings Private Limi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted, Mumbai
Conversion of status of operating company into operating cum holding company
The following 3 (three) proposals have been recommended to be rejected:
Sl. No
Name of the applicant
Particulars of the proposal
1
M/s. Flemingo Duty Free shop Pvt. Ltd.
To undertake additional activities of cash and carry whole sale trading in addition to operating duty free shops
2
M/s. Flemingo (DFS) Pvt. Ltd.
To undertake additional activities of selling duty free goods to hotels against duty credit in addition to operating duty free shops
3
M/s. Elken International India Pvt. Ltd.
To undertake cash and carry wholesale trading of the items earlier permitted for test marketing X X X X Extracts X X X X X X X X Extracts X X X X
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