17 FDI Proposals approved

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

M/s Bengal Aerotropolis Projects Ltd., Kolkata

Ex-post facto approval for issue of partly paid equity shares.

100.81

2

M/s Burberry International Holdings Ltd., UK

To set up a joint venture with 51% participation for retail trading of products under the single brand.

16.72

3

M/s GIA India Laboratory Pvt. Ltd., Mumbai

To capitalize and issue equity shares against the post-incorporation expenses.

No fresh inflow

4

M/s The Andhra Pradesh Paper Mills Ltd., Secunderabad

To issue on Rights basis, shares and  Detachable Warrant convertible into equity share.      

35.09

5

M/s Xenosoft technologies India Pvt. Ltd., Hyderabad

To acquire equity shares by way of share swap.

No fresh inflow

6

M/s Tara India Holdings A Ltd., Mauritius

Acquisition of equity shares of the Stock Exchange.

74.77

7

M/s IMC International Metalworking Companies B.V., Netherlands

To set up a WOS to undertake the business of Import and wholesale trade, manufacture, tool management services, and other related services. The proposal attracts Press Note 1 of 2005.

0.01

8

M/s Lemken Landtechnik GmbH, Germany

To acquire 100% equity shares of the Indian company engaged in the activities of manufacturing of agricultural equipments/ implements and ancillary equipments/ machinery.  The proposal attracts Press Note 1 of 2005.

11.90

9

M/s Moschip Semiconductor Technology Ltd.

To issue warrants convertible into equity shares to one of the existing investors on preferential basis.

0.25

10

M/s IBN 18 Broadcast Ltd.

To offer, issue and allot partly paid equity shares on a rights basis to existing non-resident shareholders, including FIIs, NRIs, and other non-residents, in the proposed Rights Issue of the company.

Nil

11

M/s Luxury Goods Retail Pvt. Ltd.

Induction of foreign equity to carry out retail trading of products under the single brand.

1.04

12

M/s JM Financial Asset Reconstruction Company Pvt. Ltd., Mumbai

Induction of foreign equity in a company engaged in the activities of Asset Reconstruction.

16.60

13

M/s Out-of-Home Media (India) Pvt. Ltd., Mumbai

Conversion of operating company into operating-cum-Investing Company and to make downstream investments.

No Fresh Inflow

14

M/s Scorpios Beverages Pvt. Ltd., Delhi

Transfer of equity shares from Resident Indian to NR to make investments in Indian companies operating in the telecommunications sector.

533.33

15

M/s AG Mercantile Company Pvt. Ltd., Mumbai

Transfer of equity shares from Resident Indian to NR to make investments in Indian companies operating in the telecommunications sector.

329.53

16

M/s Telecom Investments India Pvt. Ltd.

Sale and transfer of equity shares from Resident Indian to Non Resident.

380.00

17

M/s Sistema Shyam Teleservices Ltd.

Induction of FDI in the company engaged in Telecommunication services under Unified Access Service License.

3051.00

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Verizon Communications India Pvt. Ltd.

Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector.

2

M/s Verint System India Pvt. Ltd.

To make amendment in the FC approval.

3

M/s Premiere Conferencing (Ireland) Ltd., Ireland

To set up a wholly owned subsidiary to undertake the business of providing audio/ web conferencing and collaboration services and data communication services in India.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Brampton Infrastructure India Pvt. Ltd., Delhi

(i) Condonation of delay for non-adherence to minimum capitalization norms and extension of time to fulfill minimum capitalization. (ii) Post facto approval for capitalization of sum received to meet the pre incorporation expenses against which equity shares have been issued/allotted.

2

M/s Global Holding Corporation Pvt. Ltd.

To make amendments in the FC approval letter.

3

M/s Eads Deutchland GmbH (EADs), Germany and Larsen & Toubro Limited (L&T), Mumbai

To incorporate a manufacturing Joint Venture company to undertake the production of defence equipment (manufacture of arms and armaments).

4

M/s DYNAMIC Alternatives (Pty) Ltd.

To set up a Wholly Owned Subsidiary for the business of Detective & Protective Services.

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

(1) M/s Alstom Power Holdings SA, France,

(2) Alstom Technology Ltd., Switzerland,

(3) Alstom SA, France

To establish two JV companies in India and incorporate and invest in:

(a)     51% of the post issued paid up share capital of such JV (1); and

(b)    49% of post issue paid up share capital of JV (2).

The proposal attracts Press Note 1 of 2005.

490.00

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

M/s Pepsico India Holdings Pvt. Ltd.

Induction of additional foreign equity.

928.00