Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on November 15, 2011, Government has approved 18 Proposals of Foreign Direct Investment amounting to ` 2126.20 crore approximately.
In addition, one proposal viz (i) M/s Unitech Wireless (TN) Pvt. Ltd., amounting to ` 8250 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs.
Following are the Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meetingheld on 15.11.2011
Following 18 (Eighteen) proposals have been approved.
Sl. No.
|
Name of theapplicant
|
Particulars of the proposal
|
FDI/NRIinflows
(` in crore)
|
CORPORATE AFFAIRS
1
|
M/s AmarRemedies Ltd., Mumbai
|
To issue secured redeemable non-convertible debentures along with warrants to undertake the business of manufacturing and marketing of personal care and OTC products.
|
170.00
|
ECONOMIC AFFAIRS
2
|
M/s VNR Infrastructures Limited, Hyderabad
|
Ex-post-facto approval for transfer of shares by way of share swap. The company is engaged in the business of infrastructure contracting activities.
|
No Fresh Inflow
|
3
|
M/s NJS Engineers India Pvt. Ltd., Pune
|
Ex-post-facto approval for transfer of shares held by NRI on non-repatriation basis to a person resident outside India on a repatriation basis. The company is engaged in the business of Construction Development projects, including housing, commercial premises, resorts, educational institutions.
|
0.01
|
4
|
M/s Oxygen Bio Research Pvt. Ltd.
|
Ex-post-facto approval for transfer of non-repatriableshares held by the NRIs to a foreign company. The company is engaged in medical research and specializing in drug discovery to find cures in various ailments such as cancer, heart diseases, etc.
|
Nil
|
5
|
M/s LancoGroup Ltd.
|
Transfer of shares under the scheme of demerger. The company is engaged in the business of supplying products and material on turnkey basis and project management consultancy services with respect to various infrastructure projects. In addition, the Indian company has downstream investments in various companies engaged in infrastructure related sectors such as power generation, coal mining for captive consumption, etc.
|
Nil
|
FINANCIAL SERVICES
6
|
M/s GrameenFinancial Services Pvt. Ltd., Bangalore
|
Ex-post-facto approval for issuance of equity shares to the investor in lieu of dividend payout to the investor to carry out the business of providing credit/financing.
|
2.59
|
INFORMATION TECHNOLOGY
7
|
M/s SDG Software India Pvt. Ltd., Delhi
|
Ex-post facto approval for the allotment of partly paid up shares which were later made fully paid up within two month. The company is engaged in the business of Software Development and Support Services.
|
3.00
|
STEEL
8
|
M/s Stewart and Lloyds of India Ltd., Kolkata
|
To issue warrants to carry out the business of manufacturing of Fabricated Structural Products of Iron ore and Steel and Construction and maintenance of Power Plants.
|
0.37
|
9
|
M/s Thomas Lipinski, Mr. EnricoBorgwardt, Germany and Mr.ShekharKhanderaoBhagwat, Mumbai
|
To set up a LLP with foreign equity of 98 per cent to undertake the business of manufacturing of fabricated structural metal products.
|
0.98
|
REVENUE
10
|
M/s DFASS TRGB LLC, USA
|
Induction of foreign equity in an Indian company to carry out the business of setting up, running and maintenance of duty free shops & outlets at airport and other places outside the customs territory of India or any other place in India as may be permitted.
|
12.5
|
11
|
M/s In Flight Services Worldwide LLC, USA
|
Induction of foreign equity in an Indian company to carry out the business of retail sale of duty free goods on international flights.
|
0.50
|
COMMERCE
12
|
M/s Multi Commodity Exchange of India Ltd.
|
Sale of equity shares through an Initial Public Offering to the prospective purchasers which may be (i) resident Indian nationals, and (ii) SEBI registered FII’s. The company is engaged in the business of trading in commodities.
|
|
INFORMATION & BROADCASTING
13
|
M/s NDTV Lifestyle Ltd.
|
Increase in foreign equity upto 100 percent. The company is engaged in the media industry for up-linking, producing, distributing and broadcasting non-news and non- current affairs TV channels.
|
Nil
|
14
|
M/s Dish TV India Ltd.
|
To increase foreign equity to produce telecommunication equipment and provide management and marketing of ‘agrani’ services, i.e. in the area of Mobile Satellite Communications.
|
980.00
|
CONSUMER AFFAIRS
15
|
M/s Jindal Agro Processing Pvt. Ltd., Gujarat
|
Transfer of shares by way of share swap. The company is engaged in the business of manufacture and export of ready to eat food.
|
Nil
|
TELECOMMUNICATIONS
16
|
M/s Sprint International Holding Inc., Overland Park K.S
|
Induction of foreign equity into an Indian company to provide wireline-based national long distance, international long distance and Internet services as well as advanced managed network services to companies operating in India.
|
6.25
|
INFORMATION & BROADCASTING
17
|
M/s CyquatorMedia Services Pvt. Ltd., Mumbai
|
Scheme of merger relating to company engaged in the business of providing back-end information technology services and sale of advertisement space in various modes of media.
|
Nil
|
ECONOMIC AFFAIRS
18
|
M/s VentureastLife Fund III LLC, Mauritius
|
Induction of foreign equity in a trust.
|
950.00
|
The following 16 (Sixteen) proposals have been deferred:
Sl. No
|
Name of theapplicant
|
Particulars of the proposal
|
1
|
M/s UnifiorVegetables LLP, Mumbai
|
Induction of foreign equity in LLP to carry out the business of Food Processing.
|
2
|
M/s JalgaonInvestments Pvt. Ltd., Mumbai
|
Ex-post-facto approval to act as an operating cum investing company.
|
3
|
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.
|
4
|
M/s Religare Capital Markets (India) Ltd., Delhi
|
Induction of foreign equity in an investing company.
|
5
|
M/s Copper Beech Infrastructure Pvt. Ltd., Delhi
|
Repatriation of FDI. The company is engaged in the business of educational infrastructure.
|
6
|
M/s Bossi ModaIndia Pvt. Ltd., Delhi
|
Ex-post-facto approval to issue and allot equity shares against the pre-incorporation expenses. The company is engaged in the manufacturing of leather footwear as a small scale industries.
|
7
|
M/s Surya Chambal Power Ltd., Mumbai
|
Ex-post-facto approval for issue of equity shares against sale of future carbon credits. The company is engaged in the business of Generation of power from agro waste residue biomass.
|
8
|
M/s M and CRakindo Hospitality Pvt. Ltd., Coimbatore
|
Ex-post-facto approval to issue and allot partly paid up shares to carry out the business of development, construction ownership, management, sale and/ or lease of hotel projects in India.
|
9
|
M/s Omnimedia SL
|
To amend the Clause 2 of the FC approval to undertake the business of publishing/ printing of scientific and technical magazines/ specialty journals/ periodicals in the name and style of “Energetica-India” and circulation of its digital version.
|
10
|
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 company fromBangladesh.
|
11
|
M/s FlemingoDutyfree Shop Pvt. Ltd.
|
To increase foreign equity upto 100% to carry out the business of duty free shop.
|
12
|
M/s Springer India Pvt. Ltd.
|
To increase foreign equity upto 100% to carry out the business of publishing and re-printing of scientific, technical, medical and other no-fiction books in electronic and printed forms in any language.
|
13
|
M/s Springer Editorial Services Pvt. Ltd.
|
To increase foreign equity upto 100% to carry on the business of publishing services, content, development, content management, content outsourcing, providing a comprehensive service including data conversion, editorial services, pre-press, pre-media services, digital communication services, data based management, digitization services, data based engineering
|
14
|
M/s Reed Elsevier India Pvt. Ltd.
|
To undertake the additional activity relating to the business of publishing and co-publishing (in and outside India), including digital publishing, printing, reprinting, adaptation, article reprinting, repackaging, translation, distribution of scientific, technical, medical, specialty and research journals/magazines/periodicals in any media including print media
|
15
|
M/s CordiaInternational Corp., USA
|
To increase shareholding from 49 percent to 74 percent to carry out the business of telecommunication and act as a services provider. Services include but are not limited to the provision of IP communication services and related services, technology related products and services, web hosting, collection and ISP services.
|
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