Fipb

F. No.
11(1)/2013-FIPB
Government of India
Ministry of Finance
Department of Economic Affairs
(FIPB Unit)
*****
North Block, New Delhi 110 001
Dated the July 19, 2013
PRESS RELEASE
Further to para 8 of the Press Release dated July 3, 2013, wherein it was stated that decision of
the 1 (One) proposal will be communicated separately, Government has approved 1 Proposal.
Sd/(B.D. Barua)
Under Secretary to the Government of India
Tele No.: 2309 4979
Fax No.: 23094084
E-mail: us.fipb-mof@nic.in
To
The Additional Director General (M&C)
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
Facilitation Counter
3.
DIPP (FDI Data Unit)
Details of Proposal considered in the Foreign Investment Promotion Board (FIPB) Meeting held
on 14.06.2013
Following 1 (One) proposal has been approved.
Sl.
No.
Name of the applicant
1 M/s Stemcor Holdings

Limited
Particulars of the proposal
An International steel trading group having a majority

owned mining and a WoS in manufacturing in India is
restructuring its holdings and through a swap of
shares proposing to hold its manufacturing activity as
a downstream entity of its mining subsidiary.
*****
FDI/NRI
inflows
(` In crore)
Nil
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
North Block, New Delhi -110 001
Dated, the 13th February , 2008.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its
meeting held on 8th February, 2008, Finance Minister, Shri P. Chidambaram has approved 25
proposals of Foreign Direct Investment amounting approximately to Rs. 5584.82 crore. The
proposals related to Ministries/Departments, namely, Civil Aviation, Health & Family Welfare,
Industrial Policy & Promotion, Information & Broadcasting, Mines, Posts, Power, Tourism,
Telecommunications and Economic Affairs. The major investment proposals pertain to the
Ministries/Departments of Civil Aviation, Health, Information & Broadcasting, Power, Tourism,
Telecommunications and Economic Affairs
( P.K. Bagga )
OSD (CM & I)
Tele.fax No. 2309 4172
e-mail: pk.bagga@nic.in
To
Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
Applicants who want to get their approval letters collected personally are
requested to send their request latest by 5.00 P.M. on 15th February, 2008
at Fax No.2309 4084/2309 2477/23094172 No further requests will be
entertained later and the approval letters would be sent by SPEED POST.
The authorized person for collection of FC approval should carry a photo
identity, a proper authority letter, duly signed by the authorized signatory of
the applicant/authorized consultant. The authority letter should also
contain a specimen signature of the authorized person. Approval letter
shall not be handed over to person without the above documents.
Sd/( P.K. BAGGA )
OSD(CM & I)
1. Following twenty five ( 25 ) cases have been approved .

Sl. No. Name of the
applicant
CIVIL AVIATION
1. Indian Aeroventures Function as an operating cum holding company and
Pvt. Ltd. Bangalore make downstream investments in maintenance repair
and overhaul of engines, training etc in the activities
relating to aviation sector
HEALTH
2. M/s. Parkway Group Induction of foreign equity up to 50% in a company
Health Care Pte. Ltd. engaged in setting up a Greenfield multispeciality
hospital. Proposal attracts Press Note 1 (2005 series)
Singapore
INFORMATION & BROADCASTING
3 M/s. Kid Media India To undertake additional activity of starting Cartoon
Pvt. Ltd. Mumbai
channel to be linked from Dubai Media City and down
linked in India
POSTS
4 M/s. PDP Courier
To set up a WOS to act as a specialist courier for
Services Ltd, UK
pharmaceutical, biotechnology and medical industries
FDI/NRI
inflows (Rs. In
crore)
131.20
155.00
78.00
0.02
TOURISM
Induction of foreign equity by way of investing directly 526.00 (Over
5 M/s. AAPC Hotels
Management Pte Ltd. or through its Indian JV companies and be engaged in a period of 5
Construction, developing, owning
and managing years)
Singapore
hotels. Proposal attracts Press Note 1 (2005 series).
Induction of foreign equity by way of acquisition of No fresh
6 M/s. Skygourmet
shares by way of share swap. The company is inflow
Catering Pvt. Ltd.
engaged in airline catering business
Mumbai
7 M/s. MARS
Induction of foreign equity by way of acquisition of No fresh
Restaurants Pvt. Ltd. shares by way of share swap. The company is inflow
Mumbai
engaged in hotel and tourism activities
ECONOMIC AFFAIRS
8 M/s. Bhadra Packaids Conversion of loan into preference shares. Company is No fresh
Pvt. Ltd.
engaged in the manufacture of paper board.
inflow
9
10
11
M/s. Blackstone GPV

Capital Partners
(Mauritius) VH
Limited, Mauritius
M/s. FIMAT
International Banque
S.A. Hong Kong
M/s. Sequoia Capital
India Growth
Investments I,
No fresh
Approval as an operating com holding company
(Induction of foreign equity by subscribing to inflow
convertible warrants to be applied afresh).
Induction of foreign equity in a company engaged in 29.58 (US $
stock broking business. Proposal attracts Pres Note 1 7.50 million)
(2005 series)
Conversion of operating company into operatingcum 120.00
holding company. Induction of foreign equity in a
holding company, which has existing downstream
Mauritius
subsidiaries in the financial sector.
Transfer of shares by way of share swap

No fresh
M/s. Aurionpro
inflow
Solutions Ltd,
Mumbai
Induction of foreign equity in a company engaged in 85.01
13 M/s. Turner Asia
Pacific Ventures Inc. uplinking of non news & current affairs TV channel
(over a period
USA
of 2 years)
14 M/s. McGraw Hill
To establish a WOS to undertake the activity of 0.01
Companies Inc. USA Rating agency . Proposal attracts Press Note 1 (2005 (Minimum
capitalization
series)
norms
applicable)
INDUSTRIAL POLICY & PROMOTION
15 M/s. IVAX Paper
Transfer of shares by way of sale from one OCB to No fresh
Chemicals Pvt. Ltd. another OCB
inflow
12
MINES
16 M/s. Vijay Gimpex
Mining Pvt. Ltd.
POSTS
17 M/s. Aramex India
Pvt. Ltd.
ECONOMIC AFFAIRS
18 M/s. J.M. Financial
Trustee Co. Ltd.
19
20
21
M/s. Universal
Success Enterprises
Ltd, Tortola(B.V. Is)
M/s. Universal
Success Enterprises
Ltd, Tortola(B.V.Is)
M/s. Universal
Success Enterprises
Ltd, Tortola(B.V.Is)
Conversion of operating company into an operating 14.00

cumholding company for making downstream
investment in a company engaged in the business of
mining, processing, selling, marketing and distribution
of feldspars, industrial grade quartz, silica sands and
nepheline
Conversion of unsecured loan into equity
No fresh
inflow
Induction of foreign equity by way of subscribing to 1460.00

private placement of units. The Indian company is
engaged in FDI compliant construction development
projects
To set up a WOS to hold downstream investments in 78.00
various Indian companies engaged in development of
SEZs
infrastructure
development
projects,
tourism,
convention centre, Industrial Parks (incl. IT parks) ,
development of SEZs etc
Office parks (including industrial Parks and IT Parks)
22
M/s. Dumeric
Holdings Private
Limited, Mumbai
TELECOMMUNICATIONS
23 M/s. Bycell
Telecommunications
Conversion of status of operating company into 400.00

operating cum holding company to make further
downstream investments
To undertake activities of offering GSM based cellular 1950.00

telephone services under UAS License agreement all
over India, and increase in paid up capital of the (US $ 500
million in the
company
next 35
years)
24 M/s. Macquaire
Induction of foreign equity upto 50% in an Indian 2.00
Equities Ltd, Australia company to make it a Joint venture company. The
proposal attracts Press note 1 (2005 series)
POWER
25 M/s. KVK Energy & Induction of foreign equity in a company by way of 400.00
subscription to fresh equity shares , fully convertible
Infrastructure Pvt.
debentures
and/or
compulsorily
convertible
Ltd.
preference shares and buy back of shares
Total
Rs. 5584.82
3. The following three (3 ) proposals have been deferred:
Sl. No Name of the
applicant
M/s. Navteq
Corporation, USA
Mr. Chetan J. Shah
M/s. India Rizing

Fund, Mumbai
To set up a WOS to undertake the activities of developing and

distributing digital maps and related locationbased data used in
mobile navigation systems and other navigation and GIS
applications
To set up a holding company to undertake downstream investments
in companies partnerships engaged in construction of residential
and commercial complexes.
Induction of foreign equity by way of subscribing to units in the
schemes including its initial Defence SME scheme
Two proposals viz., M/s. SKIL Infrastructure Ltd. and M/s. Daimler AG., Germany have been
recommended for consideration of CCEA.
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 14th March , 2008.
PRESS RELEASE
meeting held on 7th March, 2008, Finance Minister, Shri P. Chidambaram has approved 18
proposals relate to Ministries/Departments, namely, Chemicals & petro-chemicals, Commerce,
Civil Aviation, Financial Services, Industrial Policy & Promotion, Information Technology,
Information & Broadcasting, Telecommunications and Economic Affairs. The major investment
proposals pertain to the Ministries/Departments of Commerce, Financial Services, Information &
Broadcasting and Economic Affairs
Sd/( P.K. Bagga)

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 17th March, 2008 at
Fax No.2309 4084/2309 2477/23094172 No further requests will be
Sd/( P.K. BAGGA )
OSD(CM & I)
Details of proposals approved in the FIPB Meeting held on 7.3.2008

Sl. No. Name of the
applicant
1
FDI/NRI inflows
(Rs. In crore)
M/s. Teikoku Piston To set up a new WOS to manufacture and sale of 40.00
ring Co. Ltd, Japan cylinder liners, piston rings and import/export of
related auto parts, materials, equipments etc.
Proposal attracts Press Note 1 (2005 series)
To set up a new WOS/JV to undertake the activity 3.14
M/s. Alcoa
of design, selling, marketing and
International
Holding company, manufacture/fabrication of aluminium
architectural systems.
USA
5.00
M/s. Sodexho Pass To set up a WOS and get the status of holding
International France company to acquire the existing business
Management of another company
No fresh inflow
M/s. Cavera Systems Transfer of shares by way of share swap. The
company is engaged in IT Sector
(India) Pvt. Ltd.
Hyderabad
560.00
M/s. ESSAR Capital To acquire the status of holding company to
Ltd, Mumbai
make downstream investments in financial/NBFC
sector. Induction of foreign equity by way of
subscription of equity shares and also acquisition
of equity shares by M/s. Essar Global Ltd, Cayman
Islands
M/s. Ortel
Induction of foreign equity by way of subscribing 60.00
Communications Ltd to Compulsory convertible preference shares
convertible on or before June 30, 2010. Company
is engaged in the business of building hybrid Fibre
Coaxial Communications network to provide a
range of telecom value added services
Transfer of shares by way of share swap requires No fresh inflow
M/s. Hero
the
Management
Service Ltd, Gurgaon
33.00
Induction of foreign equity upto 20% in a
M/s. Anagram
company engaged in commodity broking besides
Securities Ltd,
other activities
Mumbai
Induction of foreign equity upto 100% by way of
2.89
M/s. Huntsman
purchase
of
equity
shares
from
the
existing
Investments
shareholders. The company is engaged in the business
Netherlands BV,
of manufacturing dye intermediate and dyestuff, from
Netherlands
certain resident shareholders. Proposal attracts Press
Note 1 (2005 series)
10
M/s. Microsec
Financial Services
Ltd, Kolkata
Induction of foreign equity in a company which

has downstream investments. Getting holding
company status
25.00
11
12
13
14
15
M/s. Bharat Connect Change in the status of operating company into

Ltd, Kolkata
operating cum holding company to make
downstream investments in NBFC companies
Transfer of shares from Non resident to another
M/s. Lathe
nonresident. The proposal attracts PN 1 (2005
Investments Pte.
series)
Ltd. Singapore
M/s. Gateway
Technolabs Pvt. Ltd.
Ahmedabad
M/s. Melbrook Ltd, Change in the status of operating company into
Cyprus
operating cum holding company for making
M/s. Societe
Indirect investment in an insurance company
Beaujjon, Paris
through a holding company
250.00
No fresh inflow
No fresh inflow
125.00
191.00
16
M/s. Redington
India Limited
Induction of foreign equity by a holding company 195.00

in a company by way of acquisition of shares
17
M/s. Cushman &

Wakefield Ltd
ExPostfacto approval to act as a holding

company
No fresh inflow
18
M/s. JSW Energy

Ltd, Mumbai
Induction of FDI in a holding company through

IPO
63.23
Total
1553.26
3. The following (7 ) proposals have been recommended to be deferred:

Sl. No Name of the applicant
M/s. Russell Square

Holding BV,
Netherlands
M/s. Singtel
Australia Holding
Pte. Ltd. Singapore
M/s. NAVTEQ
Corporation, USA
4
5
6
M/s. RISH PTE Ltd.

Cook Islands
M/s. RISH PTE Ltd.
Cook Islands
M/s. GTL
Infrastructure Ltd,
Mumbai
Induction of foreign equity in an Indian company by way of

acquisition of 100% equity of the company which is engaged in
the business of event management services. Proposal attracts
Press Note 1 (2005 Series)
Setting up of joint venture company with a foreign equity up to
74% to undertake telecom services. Proposal attracts Press
Note 1 2005 series
To set up a WOS to undertake the activities of developing and
distributing digital maps and related locationbased data used in
mobile navigation systems and other navigation and GIS
applications
Transfer of shares held in an Indian Trading company by an OCB
by way of sale to a foreign investor
Transfer of shares held in an Indian Trading company by an OCB
by way of sale to a foreign investor
Induction of foreign equity beyond 49% in a company engaged
in IPI category activities
M/s. KNOX Holding

Pte. Ltd. Singapore
Transfer of shares held by an OCB by way of sale by a foreign

investor
4. The following (4 ) proposals have been rejected:

1
2
M/s. Red Fort India

Realty Fund (Trust)
M/s. Azorim
International
Holdings Ltd, Israel
M/s. Wadhwa &
Associates Realtors
Pvt. Ltd. Mumabi
M/s. Xcel Telecom
Pvt. Ltd.
Contributions by offshore corporate entities owned by NRIs to the

units of the Trust, a registered VCF for investment in real estate.
Transfer of shares from Nonresident Israeli Company to another
nonresident Cyprus group company
Undertake construction and development and activities seeking
relaxation in meeting the criteria of minimum area to be developed
Transfer of shares from one Nonresident to another third party un
identified nonresident.
Two proposals viz., M/s. Rakindo Developers Pvt. Ltd. Chennai and M/s. Agam SPV six Ltd. Cayman
Islands have been recommended for consideration of CCEA.
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 1st May, 2008.
PRESS RELEASE
meeting held on 25th April, 2008, Finance Minister, Shri P. Chidambaram has approved 15
proposals relate to Ministries/Departments, namely Chemicals & petro-chemicals, Commerce,
Industrial Policy & Promotion, Information & Broadcasting, Textiles, Steel and Economic Affairs.
The major investment proposals pertain to the Ministries/Departments of
Commerce,
Information & Broadcasting and Economic Affairs.
Sd/( P.K. Bagga)

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 2nd May, 2008 at
Sd/( P.K. BAGGA )
OSD(CM & I)
The Following (15) cases have been approved.

Sl. No. Name of the applicant Particulars of the proposal
CHEMICALS & PETRO-CHEMICALS

Induction of foreign equity up to 50% in a
1 M/s. Eshaditi
small scale industrial unit engaged in the
Chemicals Private
manufacture of potassium permanganate
Limited, Sangli,
Maharashtra
COMMERCE
2 M/s. TRW Aftermarket Induction of foreign equity up to 49% in a
Asia Pacific Pte. Ltd. company engaged in the manufacture of
automobile components. Proposal
Singapore
attracts Press Note 1 (2005 series)
3 M/s. CAREL SPA, Italy Induction of foreign equity up to 100% in
a company engaged in wholesale trading,
research and promotion in relation to
products in the field of airconditioning,
refrigeration and heating. Proposal
4 M/s. Metal One
To set up a new WOS. Proposal attracts
Corporation, Japan
Press Note 1 (2005 series)
FDI/NRI
inflows (Rs. In
crore)
0.76
21.20
(US $ 5.3 mill)
0.05
(US $ 13,000)
32.00
(US $ 8 mill)

Induction of foreign equity up to 26% in a 33.37
5 M/s. Images
Multimedia Pvt. Ltd. company engaged in the publication of
specialty magazines etc.
New Delhi
TEXTILES
6 M/s. Birladp carpets Issue of shares in lieu of value of capital No fresh
Pvt. Ltd. Mumbai
goods imported
inflow
ECONOMIC AFFAIRS
7 M/s. NYSE Euronext,
USA
Induction of foreign equity up to 5%

equity of the company engaged in
Commodity exchanges
Change in the status of operating
8 M/s. ST
microelectronic Pvt. company into an operatingcumholding
company for making downstream
Ltd. Greater Noida
investments
9 M/s. Encompass
To acquire the status of foreign owned
Events Pvt. Ltd.
Indian operating cum holding company
Greater Noida
and to make downstream investment
10 M/s. Shell Bitumen
Payment of royalty to an SPV consequent
India Private Limited upon worldwide reorganization and
amendment of royalty clause
218.51
(including
premium)
No fresh
inflow
No fresh
inflow
No fresh
inflow
11
M/s. Shell Gas (LPG)

India Pvt. Ltd.
12
M/s Shell India

Marketing Pvt. Ltd.
ECONOMIC AFFAIRS
13 M/s. ISS Facility
Services India Pvt.
Ltd.
COMMERCE
14 M/s. Sumitomo
Heavy Industry Ltd,
Japan
STEEL
15 M/s. Ashwini Steel
Pvt. Ltd.

upon worldwide reorganization and
upon worldwide reorganization and
No fresh
inflow
Induction of foreign equity in a

downstream company by way of
acquisition of shares
No fresh
inflow
To set up a new WOS to undertake the

activities of selling electric plastic injection
moulding machines Proposal attracts Press
1.00
To set up a small scale Industrial Unit with a

foreign equity of 84% to undertake the
manufacture of MS Billets and MS Ingots.
1.68
Total
2. The following four (4 ) proposals have been deferred:
1.
M/s. RALF Schneider
Holding GmbH,
Germany
2
M/s. Indivision India
Partners, Mauritius
3
M/s. Amar Ujala
Publication Ltd.
4
M/s. Connex Teltech
Pvt. Ltd. Bangalore
No fresh
inflow
Rs. 308.57

To set up a WOS to manufacture auxiliary equipment used in
plastic/polymers processing industry. Proposal attracts Press
Induction of foreign equity in a company engaged in
Merchant Banking and other NBFC activities
Amalgamation of two companies consequent upon the order
of Honble High court and induction of fresh FDI
Induction of foreign equity up to 74% in a company engaged
in ILD Services
3. The following proposal has been rejected:

Sl. No Name of the
applicant
1
M/s. JM Financial
Venture Ltd,
Mumbai
Reasons for rejection
Induction of foreign equity in

a company by way of
subscribing to the shares of
an Indian company engaged
in the activity of making
investments in equity shares
and other equity linked
securities in Indian listed and
unlisted companies
Activity does not fall under the

eligible 18 NBFC activities for
which FDI is permitted.
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 15th May, 2008.
PRESS RELEASE
meeting held on 9th May, 2008, Finance Minister, Shri P. Chidambaram has approved 19
proposals relate to Ministries/Departments, namely Heavy Industry, Higher Education, Industrial
Policy & Promotion, Information & Broadcasting, Information Technology, Telecommunications,
Tourism and Economic Affairs.
The major investment proposals pertain to the
Ministries/Departments of Heavy Industry, Higher Education, Information & Broadcasting,
Industrial Policy & Promotion and Economic Affairs.
Sd/( P.K. Bagga)

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 18th May, 2008 at
Fax No.2309 4084/2309 2477 No further requests will be entertained later
and the approval letters would be sent by SPEED POST.
Sd/( P.K. Bagga)
OSD (CM & I)
Details of proposals considered in the FIPB Meeting held on 9.5.2008

Following Nineteen (19) cases have been recommended for the consideration and
approval of FM.
Sl. No. Name of the
applicant
HEAVY INDUSTRY
1. M/s. Freightcar
America Inc. USA
FDI/NRI inflows
(Rs. In crore)
To set up a new JV to undertake test 78.00

marketing of aluminum railcars besides
other activities
Induction of foreign equity up to 8.1% by 123.00
2 M/s. Aktiebolaget
Volvo (publ), Sweden way of acquisition of shares. The proposal ( US $ 30 million)
(Regn. No. 100/2008) attracts Press Note 1 (2005 series)
INDUSTRIAL & BROADCASTING
3 M/s.Thieme Medical Induction of foreign equity up to 100% in a 0.01
company engaged in publication of
& Scientific
Publishers Pvt. Ltd. scientific/ technical/ specialty magazines
/journals/periodicals
New Delhi
4 M/s. Dipti
Induction of foreign equity by way of 1.82
Publications Pvt. Ltd. acquisition and also by way of subscribing to
fresh equity shares of a company engaged in
publishing of specialty magazines.
Regularisation of 0.36% NRI investment In No fresh Inflow
5 M/s. Vision
the company. The company is engaged in
Corporation Ltd,
uplinking nonnews and current affairs
Mumbai
channels
6 M/s. Strika
To set up a WOS to undertake the activities 0.01
Entertainment India of publishing scientific magazines and
Private Limited,
specialty journals including sports related
Gurgaon
specialty magazines and comic books.
Regularization of indirect foreign investment No fresh inflow
7 M/s. Orissa
of 7.25% in the company as a result of FDI in
Television Ltd,
the Indian companies which have equity
Bhubaneshwar
8 M/s. DVV Media
company engaged in the publication of LOG
India Pvt. Ltd.
India a specialty magazine
Mumbai
ECONOMIC AFFAIRS
9 M/s. AXIS Private
To accept contribution from overseas 150.00
Equity Ltd, Mumbai investors and to issue units against the
money received for making investment in
fresh or existing securities of the Indian
companies
Induction of foreign equity up to 100% by
way of acquisition of shares partly by way of
cash remittances and partly by way of swap
of shares
11 M/s. RPM
Induction of foreign equity by way of
International Inc. USA subscribing to warrants to be converted into
equity shares. The company is engaged in
the business of manufacturing of polymers
HIGHER EDUCATION
Induction of foreign equity in a holding
12 M/s. Manipal
Universal Learning company.
Pvt. Ltd.
13 M/s. Cobra Indian
Change in the status of the Indian company
Beer Pvt. Ltd.
from operating company into operating
cumholding company and to make
downstream investment by way of acquiring
up to 76% of the paid up capital of M/s.
Iceberg Industries Limited
TOURISM
14 M/s. Blue Ridge
Change in the status of operating company
Hotels Pvt. Ltd
into an operating cum holding company and
to make downstream investments in
permitted activities
TELECOMMUNICATIONS
15 M/s. Vodafone Essar Conversion of operating company into an
Limited
downstream investment in a company
engaged in IPI category
16 M/s. Devas
Expostfacto approval for change in the
Multimedia Pvt. Ltd. status of operating company into an
INFORMATION TECHNOLOGY
17 M/s. NAVTEQ
To set up a WOS to undertake the activities
Corporation, USA
of developing and distributing digital maps
and related locationbased data used in
mobile navigation systems and other
navigation and GIS applications
18 M/s. HT Media
Limited
10
M/s. Greycells
Entertainment,
Mumbai
13.50
25.55
1435.00
US $ 350 million
20.50
US $ 5 million
No fresh inflow
No fresh inflow
No fresh inflow
0.41
No fresh inflow
ECONOMIC AFFAIRS
19 M/s. Indivision India Induction of foreign equity in a company 120.04
Partners, Mauritius engaged in Merchant Banking and other
NBFC activities
Total
Rs. 1970.84
3. The following two (2) proposals have been recommended to be deferred:
M/s. DLF Limitless

Developers Private
Limited, New Delhi
M/s. Pepsico India
Holding Pvt. Ltd.
Issue of shares in lieu of preincorporation expenses
Deletion of divestment condition extension of time

for effecting the same
4. The following one (1) proposal has been recommended to be rejected:

M/s Connex Teltech Pvt.

Ltd. Bangalore
Induction of foreign equity up to 74% in a company

engaged in ILD Services
The proposal of M/s. Aktiebolaget Volvo (publ), Sweden( Regn. No. 99/2008) has been
recommended for the consideration of CCEA, as the investment involved in the proposal is
above Rs. 600.00 crore.
The applicants in the proposal of M/s. LOTTE Confectionery Co. Ltd. Korea and M/s. ICICI
Securities Ltd, Mumbai have been advised to access automatic route, as the proposals do
not require the approval of FIPB.
The proposal of M/s. RMZ Infotech (Pvt.) Ltd. Bangalore has been withdrawn from the
Agenda on the request of the applicant
No.11(1)/2008FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the 29th May, 2008
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting
held on 23rd May, 2008, Finance Minister, Shri P. Chidambaram has approved 14 Proposals of Foreign
Direct Investment amounting approximately to Rs. 825.75 Crore. The proposals relate to
Ministries/Departments, namely Chemicals & Petrochemicals, Industrial Policy & Promotion,
Information & Broadcasting, Urban Development, Tourism and Economic Affairs.
(Prabodh Saxena)
Director (FIPB)
23093558
Email: prabodh.saxena@nic.in
To
The Deputy Director General (M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
4.
NOTICE
Applicants who want to get their approval letters collected personally are requested to send their
request latest by 5.00 P.M. on 30th May, 2008 at FAX No. 23094084, 23092477, 23093558. No
further requests will be entertained later and the approval letters would be sent by SPEED POST.
The authorised person for collection of FC approval should carry a photo identity, a proper authority
letter, duly signed by the authorised signatory of the applicant/authorized consultant. The authority
letter should also contain a specimen signature of the authorized person. Approval letter shall not
be handed over to person without the above documents.
Sd/
(Prabodh Saxena)
Director (FIPB)
23093558
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
23.05.2008
Following 14 (fourteen) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In crore)
Induction of foreign equity by way of acquisition of 100%

equity of the Indian company which is engaged in
wholesale trading of polymers, polysilicon etc. Proposal
0.01
CHEMICALS & PETROCHEMICALS

1 M/s. Wacker Chemie
India Pvt. Ltd. Mumbai

2 M/s. Four Seasons Hotels Induction of foreign equity by way of acquisition of 100%
Ltd, Ontario, Canada
equity of the Indian company which is engaged in Hotel
business. Proposal attracts Press Note 1(2005 series)
3 M/s. WIBCOTVS (India) Increase in foreign equity consequent upon the scheme
Limited, Chennai
of demerger sanctioned by Madras High Court of
Judicature
0.01
7.58

4 M/s. Nettlinx Limited,
Hyderabad
Regularization of existing indirect

investment.
1.05%
NRI
0.11
Induction of foreign equity upto 100% equity in an Indian

company engaged in production of Motion pictures.
Proposal attracts Press Note 1 (2005 series)
6 M/s. LaQshya Media Pvt. Induction of foreign equity by way of allotment of equity
Ltd. Mumbai
shares, conversion of warrants into equity shares and
conversion of operating company into an operating cum
holding company
9.90
5 M/s. Fox Star Studios

India Pvt. Ltd. Mumbai
276.25
ECONOMIC AFFAIRS
7 M/s. GUS Holding BV,
Netherlands
Induction of foreign equity upto 49% in a company

engaged in Credit Information services
Amount not
specified
8 M/s. EFX Holdings Ltd,

Mauritius
Induction of foreign equity upto 49% in a company

engaged in Credit Information services
7.95
9 M/s. OM PIZZA Eats India Issue of shares in lieu of import of machinery and
Pvt. Ltd. Gurgaon
merchandise.
10 M/s. Havells India Pvt.
Ltd. Noida
Expost facto approval for issue of shares and also issue

of warrants convertible into shares
No fresh inflow
277.94
URBAN DEVELOPMENT
11 M/s. Metra Eastern
Induction of FDI upto 100% in a company engaged in
Environmental System Pvt. infrastructure sector
Ltd. Hyderabad
4.00
TOURISM
12 M/s. Ager Hotels Group
Private Limited, New
Delhi
13 M/s. Riverside Home
Developers (P) Ltd.
Expostfacto approval for conversion of operating

company into an operating cum holding company and to
make further downstream investments
Induction of foreign equity by way of issue of convertible
preference shares in a company proposed to be engaged
in hotel industry. Proposal attracts press Note 1 (2005
series)
212.00
30.00
14 M/s. Bhrigus Software
(India) Pvt.
Transfer of shares by way of share swap.
Total
2.
No fresh inflow
Rs.825.75
The following 6 (six) proposals have been deferred:

Sl. Name of the applicant
No
1 M/s. JSW Infrastructure Expostfacto approval for having undertaken the activity of holding
Ltd, Mumbai
company.
2 M/s. ITP Publishing India
Pvt. Ltd. Mumbai
Induction of foreign equity up to 100% in a company engaged in the

activities of publishing of speciality magazines
3 M/s. EZY Infosoft Private

Limited, New Delhi
Conversion of operating company into an operating cum holding

company, transfer of shares by way of share swap
4 M/s. Elken International

India Pvt. Ltd.
To undertake cash and carry wholesale trading for the activities for which
approval for test marketing was already obtained
5 M/s. Delight Investments Induction of foreign equity in two Indian companies and to convert their
Pte. Ld. Singapore
status from operating company into operating cumholding company for
making further downstream investments
6 M/s. Meta Telecom Pvt. Increase in foreign equity from 40% to 73.45% in a company engaged in
Ltd. New Delhi
ILD and NLD Services
3.
The following 7 (Seven) proposals have been deferred due to the paucity of time.
1 M/s. Peak Database
Issue of shares in lieu of capitalization of preincorporation/preliminary
Solutions Pvt. Ltd. Mumbai expenses
2 M/s. Peak Database
Issue of shares in lieu of capitalization of preincorporation/preliminary
Solutions Pvt. Ltd. Mumbai expenses
4.
3 M/s. RISH Pte. Ltd. Cook

Islands
Postfacto approval for the FDI already brought in under automatic route,
which is otherwise requires FIPB approval.
4 M/s. RISH Pte. Ltd. Cook

Islands
which is otherwise requires FIPB approval
5 M/s. DLF Limitless

Developers Private
Limited, New Delhi
Issue of shares in lieu of preincorporation expenses
6 M/s. Goldboot Holdings

Ltd, Cyprus
Induction of foreign equity by way of subscribing to unsecured fully and

compulsorily convertible debentures. Proposal attracts Press Note 1
(2005 series)
7 M/s. India Rizing Fund,

Mumbai
Induction of foreign equity by way of subscribing to units in the schemes

including its initial Defence SME scheme
The following one (1) proposal has been rejected:

No
1 M/s. Federal Mogul
To set up a new WOS to undertake Manufacture, distribution and sale of
Corporation, USA
sealing products and gaskets. Proposal attracts Press Note 1 (2005 series)
5.
The proposal of M/s. Vijay Television Pvt. Ltd. has been withdrawn and will be dealt separetly.
F. No. 11(1)/2009FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on June 19, 2009, Government has approved 21 Proposals of Foreign Direct Investment
amounting to Rs. 84.90 Crore approximately. The proposals relate to Ministries/Departments,
namely, Chemical & Petrochemicals, Commerce, Economic Affairs, Industrial Policy & Promotion,
Information & Broadcasting, Power, Urban Development, Information Technology, and
Telecommunication.
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
4.
June 19, 2009.
Following 21 (Twenty one) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Nilorngruppen AB,
Sweden
To acquire 100% equity shares to carry on manufacture

and wholesale cash and carry trading business. Proposal
attracts Press Note 1 of 2005.
0.01
2 M/s BASF SE, Germany
To acquire equity shares by way of an Open Offer to

undertake manufacturing and trading of speciality
chemicals and in commoditized products.
63.00
To set up a WOS to carry out the activities relating to:

(i) manufacture, sale, repair, hire of air conditioned
plants, all sorts of refrigerators, cooling appliances,
apparatuses and machinery, and all component, parts,
accessories, articles and fittings, and (ii) wholesale/cash
& carry trading in all sorts of refrigerators, cooling
appliances, apparatuses and machinery, and all
component, parts, accessories, articles and fittings. The
proposal attracts Press Note 1 of 2005.
1.00
3 M/s DunhamBush
International Pte Ltd.,
Singapore
ECONOMIC AFFAIRS
4 M/s Edipresse Asia
To subscribe either by itself or through its affiliates,
Limited (EAL), Hong Kong subsidiaries or group companies to equity shares of the
issued and paidup share capital of the joint venture
company proposed to incorporate in India to carry out the
business of publishing, ownership, promotion, marketing
and distribution of the specialty magazines (for consumer
and trade media).
0.29
5 M/s Autostrade per

To set up a Wholly owned subsidiary, which will act as
IItalia S.p.A and Spea
pure investing company for infrastructure projects.
Ingegneria Europea S.p.A
0.05
6 M/s Compagnie
Financiere Michelin
(CFM) & Nitor S.A
(Nitor), Switzerland
0.01
To acquire 100% of the paid up share capital of the Indian

Company to carry out the activities relating to
manufacturing of tyres and tubes. The proposal attracts
Press Note 1 of 2005.
HEALTH
7 M/s Femi Medical
Services Ltd., Israel
To acquire the entire initial share capital from the existing

shareholders. The proposal attracts Press Note 1 of 2005.
0.01
HEAVY INDUSTRY
8 M/s Kusakabe Electric & To set up a Wholly Owned Subsidiary (WOS) to carry out
Machinery Co. Ltd., Japan the activity relating to manufacturing of machinery for
tube & pipe mills and other associated equipment. The
05.00

9 M/s G+J International
Magazines GmbH,
Germany
To establish wholly owned subsidiary in India by way of

acquisition of 100% shares to carry out the business of
publishing specialty magazines, periodicals and journals in
various segments.
0.01
To set up a Joint Venture to undertake the activities

relating to slitting, shearing, leveling, blanking, oiling, and
core cutting of ESS and nonESS flat steel; and sale of the
ESS and nonESS flat steel. The proposal attracts Press
Note 1 of 2005.
5.14
STEEL
10 M/s Metal One
Corporation, Japan
(No.125/2009FC.I)
11 M/s Temcor Rollwell

To induct foreign investment in investing company.
Domes Pvt. Ltd., Mumbai
0.76

12 M/s Ventureeast Trustee (i) To accept contributions upto a limit of USD 2 million
Company Pvt. Ltd.
into the Fund under the foreign direct investment route
and to issue Units in the Fund; (ii) to permit the Fund to
make investments in securities of the Indian companies;
and (iii) to permit the Fund to distribute income realized
on its investment under the automatic route, subject to
payment of applicable taxes in India.
9.61
PETEROLEUM & NATURAL GAS

13 M/s SHV Energy India Pvt. To carry on the additional business of LPG equipment
Ltd.
and LPG Services.
No Fresh Inflow
TELECOMMUNICATIONS
14 M/s Tikona Digital
Networks Pvt. Ltd.
To amend the FC approval.
15 M/s Vodafone Essar

Spacetel Pvt. Ltd.
To include additional item of activity in FC approval. The

company is engaged in the Cellular mobile telephone
services and Unified Access Service Provider.

South Ltd.
Inclusion of Internet Service Provider as an additional

item of activity in the FC approval.
Not Indicated
No Fresh Inflow
Not Indicated
COMMERCE
17 M/s Basell Polyolefins
India Pvt. Ltd., Mumbai
To carry out wholesale trading and manufacturing

activities. The proposal attracts Press Note 1 of 2005.
No Fresh Inflow
18 M/s Esys Information

Technologies Pvt. Ltd.
To make an amendment in the FC approval by including

some more trading/manufacturing activities.
No Fresh Inflow
Induction of FDI in the companies engaged in telecom

infrastructure providers (CategoryI) and conversion of
operating company into operating cum holding company
to make downstream investments.
0.01
ECONOMIC AFFAIRS
19 M/s Ortus Infratel and
Holdings Pvt. Ltd., New
Delhi
20 M/s Eros International

Expostfacto approval for the investment already made
Media Pvt. Ltd., Mumbai by way of purchase of shares as the proposal had
attracted the provision of Press Note 18 of 1998 (now
Press note 1 of 2005).
No Fresh inflow
INFORMATION & TECHNOLOGY

21 M/s BGS Smartcard
Systems (I) Pvt. Ltd.
2.
No Fresh Inflow
The following 14 (Fourteen) proposals have been deferred:

No
1 M/s Coles Cranes Group To purchase equity shares instead of warrants through Stock Exchange(s)
Ltd., U.K
and/or through block deal remitted already for the purchase of warrants.
2 M/s Teesta Urja Ltd.,

New Delhi
Expost facto approval to regularize the allotment of equity shares on partly

paid basis.
3 M/s IHHR Hospitality Pvt. Expost facto approval to regularize the allotment of equity shares on partly
Ltd., New Delhi
paid basis.
4 M/s Powermax
Communications Pvt.
Ltd., New Delhi
To increase in the foreign equity participation from the existing 49% to 74%
in the enhanced paid up capital. The company is engaged in providing
broadband communication networks, systems, products and services,
power transmission and distribution management systems and services
and smart grid networks, systems, services and products.
5 M/s IL&FS Trust Company To subscribe to Units of the Trust in consideration of contribution of assets
Ltd., Mumbai
to the Trust at the fair value determined and to permit the Trust to accept
contribution in kind and to allow the Trust to continue to hold investment
in Multi Commodity Exchange of India Limited (MC).
6 M/s Exensys Software
Solutions Ltd.
Expost facto approval for issuance of warrants convertible into equity

shares.
7 M/s Interpublic Mauritius To make investment of 50% equity by way of subscribing to equity shares.
Ltd., Mauritius
The proposal attracts Press Note 1 of 2005.
8 M/s Capricorn
Infrastructure Pvt. Ltd.,
Mumbai
To seek relaxation in the clause (b) of Press Note 2 of 2005 with respect to
minimum capitalization and asking the permission to receive balance
amount as fresh inflow of funds to achieve the minimum capitalization
norms.
9 M/s Zee Entertainment

Enterprises Ltd.
Transfer of fully paid equity shares to an overseas entity belonging to the

Promoters Group, for uplinking a nonnews and current Affairs TV channel.
10 M/s High Mark Credit

To provide for enhancement of permitted foreign investment to 40% of the
Information Services Pvt. issued share capital.
Ltd.,
11 M/s KVK Energy &
To raise additional FDI from an existing investor by way of issue of

Compulsorily Fully Convertible Debentures.
12 M/s India Rizing Fund
13 M/s United Breweries

(Holdings) Limited,
Bangalore
Expost facto approval for (i) issue of fully convertible equity warrants, and
(ii) for allotment of fully paid up equity shares on conversion of convertible
equity warrants.
14 M/s Unitech Wireless

(Tamilnadu) Pvt. Ltd
To increase the foreign shareholding up to 74%.
3.
The following 07 (Seven) proposals have been rejected:

Sl.
No
1 M/s Blaser Swisslube

India Pvt. Ltd.,
To delete the condition of testmarketing and accord approval for

temporary exemption from manufacturing activity and allow them to
continue only with the business of cash and carry wholesale trading.
2 M/s SKR BPO Services

Pvt. Ltd.
The downstream acquisition of shares by Intelenet in Sparsh be considered

valid and the approval be modified by deletion of the requirement to
approach the RBI for compounding.
3 M/s Tata Teleservices

Ltd.
4 M/s Bharti Telemedia Ltd To amend the FC approval.
5 M/s NTT Docomo Inc

Japan
6 M/s Matrix Enport

Holding Pvt. Ltd,
Hyderabad
To allot and issue shares to the Indian companies and/or their respective
affiliates fully paid up equity shares and/or compulsorily convertible
preference shares and to invest in other companies engaged in such
business falling under the same sector.
7 M/s Nagarajuna
Construction Ltd.
4.
The following 01 (One) proposal has been noted in terms of para 8 of PN 2 of 2009 whereby no
approval is now required for downstream investment made in the past.
Sl.
No.
Name of the
applicant
1 M/s Seagram India Conversion of operating company into an operating cum

Ltd.
holding company to make further downstream investment.
*****
FDI/NRI inflows
(Rs. In Crore)
No Fresh Inflow
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the December 1, 2009
PRESS RELEASE
held on November 20, 2009, Government has approved 17 Proposals of Foreign Direct Investment
amounting to Rs. 4551.05 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
E-mail: prabodh.saxena@nic.in
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
20.11.2009
Following 17 (Seventeen) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
CIVIL AVIATION
1 M/s Bengal Aerotropolis
Projects Ltd., Kolkata
Ex-post facto approval for issue of partly paid equity

shares.
100.81
COMMERCE
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
ECONOMIC AFFAIRS
3 M/s GIA India Laboratory To capitalize and issue equity shares against the postPvt. Ltd., Mumbai
incorporation expenses.
No fresh inflow
4 M/s The Andhra Pradesh To issue on Rights basis, shares and Detachable Warrant
Paper Mills Ltd.,
convertible into equity share.
Secunderabad
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 Acquisition of equity shares of the Stock Exchange.
Ltd., Mauritius
74.77
HEAVY INDUSTRY
7 M/s IMC International
To set up a WOS to undertake the business of Import and
Metalworking Companies wholesale trade, manufacture, tool management
B.V., Netherlands
services, and other related services. The proposal attracts
0.01
8 M/s Lemken Landtechnik To acquire 100% equity shares of the Indian company
GmbH, Germany
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
COMMERCE
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

Induction of foreign equity in a company engaged in the
Reconstruction Company activities of Asset Reconstruction.
Pvt. Ltd., Mumbai
16.60
ECONOMIC AFFAIRS

13 M/s Out-of-Home Media Conversion of operating company into operating-cum(India) Pvt. Ltd., Mumbai Investing Company and to make downstream
investments.
No Fresh Inflow
TELECOMMUNICATIONS
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.
15 M/s AG Mercantile
Transfer of equity shares from Resident Indian to NR to
Company Pvt. Ltd.,
make investments in Indian companies operating in the
Mumbai
telecommunications sector.
16 M/s Telecom Investments Sale and transfer of equity shares from Resident Indian
India Pvt. Ltd.
to Non Resident.
17 M/s Sistema Shyam
Teleservices Ltd.
2.
Induction of FDI in the company engaged in

Telecommunication services under Unified Access
Service License.
533.33
329.53
380.00
3051.00
The following 3 (Three) proposals have been deferred:

No
1 M/s Verizon
Transfer of equity shares from non-resident shareholder to non-resident
Communications India
group in Telecom Sector.
Pvt. Ltd.
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.
3.
The following 4 (Four) proposals have been rejected:

Sl.
No
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.
4.
The following 1 (One) proposal has been recommended for the consideration of CCEA, since the
project cost exceeds Rs. 600.00 Crore:
Sl.
No
1 (1) M/s Alstom Power Holdings SA, To establish two JV companies in India and
France,
incorporate and invest in:
(a) 51% of the post issued paid up share capital of
(2) Alstom Technology Ltd.,
such JV (1); and
Switzerland,
(b) 49% of post issue paid up share capital of JV (2).
(3) Alstom SA, France
FDI/NRI
inflows (Rs.
In Crore)
490.00
5.
The following 1 (One) proposal has been recommended for the consideration of CCEA, as the initial
approval was granted by CCFI (now CCEA):
Sl.
No
1 M/s Pepsico India Holdings Pvt. Ltd. Induction of additional foreign equity.
*****
FDI/NRI
inflows (Rs.
In Crore)
928.00
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the November 2, 2012
PRESS RELEASE
held on October 19, 2012, Government has approved 12 Proposals of Foreign Direct Investment
amounting to ` 706.66 crore approximately.
Sd/(P.K. Bagga)
OSD (CM&I)
Tele: 23094172
E-mail: pk.bagga@nic.in
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting
held on 19.10.2012
Following 12 (Twelve) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Pavers England
Ltd.
Induction of foreign equity to carry out the business

of single brand retail trading.
98.26
DEFENCE PRODUCTION
2 M/s Larsen & Toubro
Limited
Ex post facto approval for foreign equity in the

No fresh inflow
company engaged in the defence sector.

3 M/s PVR Leisure
Limited, New Delhi
Induction of foreign equity in an investing company.

50.10
PHARMACEUTICALS
4 M/s Premier Medical
Corporation Ltd.,
Mumbai
Ex post facto approval for issuance of shares in

pharmaceuticals sector.
54.28
POST
5 M/s Red Express
Transport Services
Limited, New Delhi
Induction of foreign equity to engage in the business

activities of door to door transportation of goods,
articles and things except documents.
2.45 (already
brought in)

6 M/s DFASS India Pvt.
Ltd.
7 M/s High Mark Pvt.

Ltd.
To set up, operate and maintain additional duty free

shops at the following airports:(i)
Kolkata International Airport- Netaji
Subash Chandra Bose International
No fresh inflow
Airport;
(ii)
Chennai International Airport- Anna
International Airport, and (iii) Sardar
Vallabhbhai Patel International airport,
Ahmedabad.
7.40
of credit information company.
CIVIL AVIATION
8 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.
7.6
PHARMACEUTICALS
9 M/s Adcock Ingram
Healthcare Pvt. Ltd.,
Bangalore
Induction of foreign equity to carry out the business of

maintaining transactional support offices with respect
to the healthcare and proposed pharmaceutical
manufacture, marketing and distribution of healthcare
and pharmaceutical products.
480.00

10 M/s DPD Continental
Deletion of the condition relating to weight

restriction.
Nil

6.22
12 M/s Damiani India Pvt. Induction of foreign equity to carry out the business
Ltd.
0.35
COMMERCE
11 M/s Brooks Brothers
Group Inc (BBG)
2.
The following 19 (Nineteen) proposals have been deferred:

Sl.
No
1 M/s Prithvi Information

Solutions Ltd., Andhra
Pradesh
2 M/s Selex Galileo Ltd.,
England
Issue of warrants to carry out the business of end-to-end solutions in

information technology, RF engineering and knowledge service apart
from providing consulting and staff augmentation.
To set up a JV to undertake the business of marketing, development,
final assembly and test, system integration, in country support and
other services to those products, primarily in defence electronics
sector.
3 Mr. Christoph Heinrich Induction of foreign equity in an LLP to carry out the business of
Sievers, Switzerland
Consultancy services.
4 M/s Hospira Inc., USA,
M/s Hospira Pte Ltd.,
Singapore, and M/s
Hospira Healthcare
India Pvt. Ltd.
5 M/s Excedo Reality
Fund-I Acting through
its Investment Manager
Athamus Venture
Management Pvt. Ltd.,
Bangalore
6 M/s Mahindra and
Mahindra Ltd
7 M/s Amertec Systems

Pvt. Ltd., New Delhi
Induction of foreign equity into Indian company which will act as

operating cum investing company in the pharmaceuticals sector.
To accept contribution and investment from NRIs from various

countries to carry out the business of Real estate sector, including
development of Township, Housing, Built up infrastructure and
Construction Development projects.
To amend the para 1 and 4 of the FC approval. The company is

engaged in the business of to develop, manufacture and provide
service support for radar systems and various kinds of defence
electronic systems and various kinds of defence electronic systems.
Induction of foreign equity to carry out the manufacturing of
advanced electronic systems, test systems, simulators and electronic
systems for military applications.
8 M/s Mahindra and

Mahindra Limited, New
Delhi
9 M/s Man Chung Lim
Granites India Pvt. Ltd.
10
11
12
13
14
15
16
17
18
19
3.
To set up a new JV with M/s Rafael Advanced Defence System Ltd

for production and development of naval defence system and other
Products.
To issue equity shares against foreign remittance made as preoperative expenses for security deposit and import of machinery for
raising, purchase and export of Granite stones under 100% EOU
scheme.
M/s Alliance Insurance Induction of foreign equity by way of issue and transfer of equity
Brokers Private
shares to carry out the business of insurance broking.
Limited, Mumbai
M/s Aon Holdings
Post facto approval for induction of foreign equity to carry out the
B.V., Netherlands
business of Insurance broking, and risk advisory services.
M/s Security
Induction of foreign equity to carry out the business of providing
International Services security services and providing consultancy and advisory services
India Pvt. Ltd., Delhi
relating to security services and trade, import, export, supply and
deal in all kinds of security aid safety systems equipment, security
solutions and devices.
M/s OCS Group
Acquisition of equity shares of an India company from resident
Singapore Pte. Ltd.,
individual shareholders. The Indian company is engaged in the
Singapore
business of detective and protective services.
M/s Pran Beverages
Change in foreign collaborator and increase in foreign equity
(India) Pvt. Ltd.,
participation to carry out the business of manufacture of
Kolkata
fruits/vegetables juices and their concentrates, squashes and
powders, and manufacture of Beverages n.e.c.
M/s InterCall Asia
To set up a WOS to undertake the business of providing audio, video
Pacific Holdings Pvt.
and web conferencing services for business, commercial, banking
Ltd., Singapore
and other establishments.
M/s WJ Towell &
To set up an LLP to carry out the business of design, fabrication,
Company LLC, Oman supply& installation of steel structures, welded beams, pressure
vessels, tanks pressure piping, etc.
M/s Space Era
Induction of foreign equity to carry out the business of design,
Materials and Process development, manufacture, assembly, repair and overhaul of the
Pvt. Ltd., Hyderabad
equipment of telecommunication and avionics used in aircrafts,
radars and other electrical and electronics defence components,
aggregates and equipment in India.
M/s Arshiya
Ex-post-facto approval for issue of warrants to carry out the business
International Pvt. Ltd. of providing logistics solutions, integrated supply chain and logistics
infrastructure services.
M/s Punj Lloyd
Representation against the denial of security clearance.
The following 5 (Five) proposals have been rejected:

Sl.
No
1 M/s Dongbu Express

India Logistics Pvt.
Ltd., Chennai
2 M/s Rosoboronterra
India Pvt. Ltd., New
Capitalisation of sundry creditors payable. The company is engaged

in the business of international freight forwarding and clearing and
forwarding business.
To issue equity shares for other than cash consideration to undertake
repair, overhaul and servicing of different types of Armoured Vehicles
Delhi
3 M/s Agility Logistics
Pvt. Ltd.
4 M/s Horst-Pandey Art

Resort LLP
5 M/s Bossi Moda India

Pvt. Ltd., Delhi
4.
Sl.
No
and other equipment including tanks, rocket launchers and other

equipment for defence, paramilitary and civil usage.
Post-facto approval for (i) extension of time of redemption of
preference shares and redemption at par; and (ii) redemption of NonCumulative, Non-Participating Convertible Preference Shares at par.
The company is engaged in the business of International freight
forwarding by air and sea to and from India to provide state of the art
warehousing and distribution facilities in India.
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.
Ex-post-facto approval to issue and allot equity shares against the preincorporation expenses. The company is engaged in the
Manufacturing of leather footwear as a small scale industries.
The following 1 (One) proposal has been advised to access automatic route:
Name of the
applicant
FDI/NRI
inflows
(` in crore)
1 M/s Comba Telecom Induction of foreign equity to engage in the manufacturing

India Pvt. Ltd., New of telecom equipment or import and trade in telecom
Delhi
equipment.
5.
10.00
Decision in the following 14 (Fourteen) proposals will be communicated separately:

No
1 M/s Mack Valves India Past facto approval for capitalization of expenses to carry out the
Private Limited, Chennai business of manufacturing of control valves and accessories for water
industry.
2 M/s Bhartiya Samruddhi Induction of foreign equity in the investing company.
Investments and
Consulting Servcies
Ltd., New Delhi
3 M/s Applied Micro
Post facto approval against funds arranged by for the purchase of
Circuits India Pvt. Ltd., capital goods and security deposit for office premises for carrying on
Pune
the business of development of computer software, electronic
systems, networking systems and providing advice, consultation and
software technology solutions.
4 M/s Soma Tollways Pvt. Post facto approval for increase in foreign equity in the investing
Ltd.
company.
5 M/s Brampton Pvt. Ltd. Clarification regarding limit on percentage of shareholding to be held
either by Indian partner or foreign partner for forming the joint venture
company.
6 M/s Wire and Wireless

(I) Limited
To issue warrants to carry out the business of Cable Network

Business.
7 M/s Deutsche
Investments India
Private Limited, Mumbai
8 M/s G4S Secure
Solutions (India) Pvt.
Ltd., Delhi & Haryana
9 M/s Acebright (India)
Pharma Pvt. Ltd.,
Karnataka
Proprietary trading as a part of its existing NBFC activities.
Ex-post-facto approval for induction of foreign equity to carry out the

business of providing security services.
Post facto approval for issuance of equity shares and approval for issue
of further shares to carry out the business of manufacturing of
pharmaceutical ingredients.
10 M/s Multi Screen Media Induction of foreign equity to carry out the business of production of
Pvt. Ltd.
television programmes in India languages primarily for export, sale
and distribution of Indian language audio visual production.
Downlink certain TV channels.
11 M/s Erica Healthcare
Increase in foreign equity engaged in the pharmaceutical sector.
Pvt. Ltd., Mumbai
12 M/s Augere Wireless
Broadband India Pvt.
Ltd.
Post facto approval for capitalisation of the expenses to carry out the
business of Broadband wireless services, internet services and other
telecommunication related services.
13 M/s M and C Rakindo
Ex-post-facto approval to issue and allot partly paid up shares to carry
Hospitality Pvt. Ltd.,
out the business of development, construction ownership,
Coimbatore
management, sale and/ or lease of hotel projects in India.
14 M/s Tocheunglee
Induction of foreign investment in an LLP to carry out the business of
Stationery
manufacturing of Nickel Plating/ Phospating Treatment/ Metal
Manufacturing Company Finishing/ other related plating process for the components related to
Pvt. Ltd., Tiruvallur
manufacture of Lever Arch Mechanisms, Loose Leaf Ring Metal/Metal
Binders, etc.
*****
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
DepartmentofEconomicAffairs
(FIPBUnit)
*****
NorthBlock,NewDelhi110001
Datedthe3thMarch,2009
PRESSRELEASE
BasedontherecommendationsofForeignInvestmentPromotionBoard(FIPB)initsmeeting
held on 23rd February, 2009, Government has approved 29 Proposals of Foreign Direct Investment
namely, Commerce, Economic Affairs, Information & Broadcasting, Telecommunication, Tourism,
IndustrialPolicy&Promotion,Post,DefenceProduction,andUrbanDevelopment.
Sd/
(R.Prasad)
UnderSecretarytotheGovernmentofIndia
23093135
23094084
Email:us.fipbmof@nic.in
To
TheAdditionalDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance

Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)

DetailsofProposalsconsideredintheForeignInvestmentPromotionBoard(FIPB)Meetingheldon
23.02.2009
Following29(TwentyNine)proposalshavebeenapproved.
Sl. Nameoftheapplicant
No.
Particularsoftheproposal
FDI/NRIinflows
(Rs.InCrore)
COMMERCE
1 M/sPoltronaFrauS.p.A
SingleBrandretailtrading.
21.50
ECONOMICAFFAIRS
2 BharathWindFarmsLtd., Conversion of operating company into operating cum
NoFreshInflow
Chennai
holdingcompanytomakedownstreaminvestments.
3 M/sLisiAerospaceand
LancAeroIndustries,
France
Conversion of operating company into operating cum

4 M/sMatrixLaboratories Conversion of operating company into operating cum

Ltd.,Secunderabad
5 M/sAstrixLaboratories
Ltd.,Secunderabad
9.70
3.72
Transfer of shares from NR to NR. Proposal attracts

NoFreshInflow
PressNote1of2005.
6 M/sAvendusCapitalPvt. Conversion of operating company into operating cum

Ltd.,Mumbai
holding company to make downstream investments to NoFreshInflow
undertaketheactivitiesofNBFC.
7 M/sWNSGlobalServices Conversion of operating company into operating cum
NoFreshInflow
Pvt.Ltd.
8 M/sCinemaCapital
VenturesFund
9 M/sEBSWorldwide
ServicesPvt.Ltd.
Mumbai.
Induction of foreign investments in units of a scheme of

an Indian venture capital fund, organized as a trust and
registered under the Securities and Exchange Board of
India (Venture Capital Fund Regulations), 1996 (VCF
Regulations) engaged in the media and entertainment
(M&E)sectorinIndia.
50.00
0.42
10 M/sVelankani
Postfactoapprovalforconversionofoperatingcompany
InformationSystemsPvt. into operating cum holding company to make NoFreshInflow
Ltd.Bangalore
downstreaminvestments.
11 M/sShalivahanaGreen
13.14
EnergyLtd.
Secunderabad.
holdingcompanytomakedownstreaminvestmentsand
transferofequityformresidenttononresident.
INFORMATION&BROADCASTING
12 M/sWhatsonIndia
To hold a TV channel license for uplinking a nonnews
NoFreshInflow
MediaPvt.Ltd.,Mumbai andcurrentaffairsTVchannelfromIndia
TELECOMMUNICATION
13 M/sTelcordia
TechnologiesInc.USA
Induction of foreign equity upto 74% to carryout the

activitiesofmobilenumberportabilitysolutions.
45.00
TOURISM
14 M/sAAPCSingaporePte Toinvestupto100%inanIndiancompanybysubscribing
Ltd.,Singapore
to equity/ fully convertible preference shares; and / or
subscribe to fully convertible debentures to construct,
develop,ownandmanageFormule1hotelsinIndia.The
proposalattractsPressNote1of2005.
365.78
COMMERCE
15 M/sZepterInternational Towaiveoftheconditionoftestmarketingandtocarry
NoFreshInflow
IndiaPvtLtd.
outwholesalecash&carrybusinessonly.
INDUSTRIALPOLICY&PROMOTION
16 M/sR.E.D.Graniti
QuarriesandBlocks(I)
Pvt.Ltd.

NoFreshInflow
17 M/sCaparoEngg(I)Pvt. Toissueandallotequitysharesagainstthefullandfinal
NoFreshInflow
Ltd.
dischargeonaccountofimportofmachinery.
18 M/sThomyanFood
Industries(I)Pvt.Ltd.
To undertake the additional activities of manufacturing

NoFreshInflow
ofitemscoveredundertheSSIitesms.
19 M/sMacquarieCapital
Adviser(India)Pvt.Ltd.
Tomodifythepercentageofequitysharecapitalsetout
in the approval letter and to delete the condition of NoFreshInflow
compounding.
20 M/sReedInfomedia(I)
Pvt.Ltd.
Topublishadditionalmagazines.
NoFreshInflow
COMMERCE
21 M/sMallcom(India)Ltd., Induction of foreign equity in the enhanced paid up
Kolkata
capital to carry out the marketing and selling industrial
safety products. The proposal attracts Press Note 1 of
2005.
0.01
ECONOMICAFFAIRS
22 M/sDynamatic
TechnologiesLtd.,
Bangalore
Expost facto approval for engaging in the business of

defenseandstrategicindustries.
Notindicated
23 M/sHighMarkCredit
Toissueandallotupto10%oftheissuedsharecapital.
InformationServicesPvt.
Ltd.,Mumbai
5.00
24 M/sLogixMicrosystems Transferofsharesbywayofshareswap.
Ltd.,Bangalore
4.00
25 M/sABGBulkHandling
Pvt.Ltd.,Mumbai
Conversionofoperatingcompanyintoanoperatingcum
holding company to make further downstream
investment.
26 M/seSysInformation
TechnologiesLtd.
holding company to make further downstream NoFreshInflow
investment.
90.00
POST
27 M/sELbeeExpressPvt.
Ltd.
To issue and allot Cumulative Compulsory Convertible

Preference shares. The company is engaged in the
businessofprovidingcourierandlogisticsservices.
7.81
DEFENCEPRODUCTION
28 M/sAstraMicrowave
ProductsLimited,
Hyderabad
FDI investment up to 26% in a company proposing to

engageinmanufactureoflicenseddefenceitems
NoFreshInflow
URBANDEVELOPMENT
29 M/sHBSRealtorsPvt.
Ltd.,Mumbai
2.
investment.
Alreadynoted
Thefollowing19(Nineteen)proposalshavebeendeferred:
No
1 M/sJohnDeere
TosetupaJVtocarryoutthemanufacturing,marketinganddistribution
Construction&Forestry, ofalltypesofconstructionequipments.TheproposalattractsPressNote
USA
1of2005.
2 M/sBNPParibas
SecuritiesServicesLtd.,
France
(i) To subscribe either directly or through a wholly owned subsidiary to

equitysharesconstituting49%ofthepostinvestmentissuedandpaidup
sharecapitalandanyadditionalsharesthat maybeissuedform time to
timeand,(ii)toconstituteajointventureforundertakingthebusinessof
providing registrar and share transfer agency services (including for

mutualfunds)andotherancillarysecuritiesservicesinIndiaincompliance
withapplicablelaws.
3 M/sUnitechLtd.,
Gurgaon
Conversionofoperatingcompanyintooperatingcumholdingcompanyto
makedownstreaminvestmentstocarryoutthebusinessofconstruction
anddevelopmentofrealestateprojects.
4 M/sOrtusInfrateland
HoldingsPvt.Ltd.,New
Delhi
Induction of FDI in the companies engaged in telecom infrastructure

providers (CategoryI) and conversion of operating company into
operatingcumholdingcompanytomakedownstreaminvestments.
5 M/sSaketEngineersPvt. Conversionofoperatingcompanyintooperatingcumholdingcompanyto
Ltd.Bangalore.
make downstream investments to undertake Real estate development
projectsandtomakedownstreaminvestmentsinentitiesundertakingFDI
compliantprojects/activities.
6 M/sThalesAvionicsS.A. To set up a JV with a foreign equity participation of 26% in Defence
France
sector.
7 M/sTRWAftermarket
AsiaPacificPteLtd.,
Singapore
To set up a Joint Venture Company to undertake the business of airbag

modules for installation onto vehicles produced in India. The proposal
attractsPressNote1of2005.
8 M/sTikonaDigital
NetworksPvt.Ltd.,
Mumbai
Induction of foreign investment by issuing CCDs and equity shares to

undertake developing, establishing and operating infrastructure as a
CategoryAInternetServiceProvider.
9 M/sYamahaMotorIndia Transferofbusinessoperationstoacompanyengagedinthebusinessof
SalesPvt.Ltd.
manufacture, sale, import & exports of motorcycles, biwheelers and
partsthereof.
10 M/sInformationTech
Park,Bangalore
Buyback of built up space constructed by the company itself under the

IndustrialParkPolicyandleasingoutthesametoclients.
11 M/sQuippoTelecom
InfrastructureLtd.(QTIL) make downstream investments and demerger of passive telecom
infrastructurebusinessapprovedbytheHighCourtofAndhraPradesh.
12 M/sTanlaSolutionsLtd., Conversionofoperatingcompanyintooperatingcumholdingcompanyto
Hyderabad
makedownstreaminvestments.
13 M/sHiranandaniRealtors Conversionofoperatingcompanyintoanoperatingcumholdingcompany
Pvt.Ltd.,Mumbai
tomakefurtherdownstreaminvestment.
14 M/sLakepointBuilders
Pvt.Ltd.,Mumbai
Conversionofoperatingcompanyintoanoperatingcumholdingcompany
15 M/sDNATA,UAE
To set up a JV company to provide ground handling services for both

domestic and international operators as well as cargo handling and
relatedservices.
16 M/sABGKandla
ContainerTerminalLtd.
Conversionofoperatingcompanyintoanoperatingcumholdingcompany
17 M/sBroadbandPacenet Induction of foreign equity by way of subscribing to or acquisition of

(India)Pvt.Ltd.,Mumbai sharesupto74%equityofthecompany.
18 M/sNSKHoldingPvt.Ltd. Transfer, issue of equity shares and/ or compulsory convertible
instruments into equity shares to Foreign Collaborator. To acquire the
status of foreign owned Indian holding company and to make
downstreaminvestment.
19 M/sJTInternational
MauritiusPvt.Ltd
3.
Toincreaseinforeignshareholdingfrom50%to74%.
Thefollowing1(One)proposalhasbeenrejected:
Sl.
No
Nameoftheapplicant
1 M/sICPInvestments
Transfer of Shares from NR to NR (repatriation of original investment
(Mauritius)Ltd.Mauritius before a period of three years from completion of minimum
capitalization.
4.
Sl.
No
Thefollowing1(One)proposalhasbeenwithdrawnbytheapplicant.
Nameoftheapplicant
1 M/sIndtechConstruction Transfer of rights attached with warrants exercisable

Pvt.Ltd.,NewDelhi
intoequityshares.
FDI/NRIinflows
(Rs.InCrore)
25.40
5.
Thefollowing01(One)proposalhasbeennotedastheapplicanthasinvestedatatimewhenthere
wasnopolicyonFDIincommodityexchange.
No
FDI/NRIinflows
(Rs.InCrore)
1 M/sGoldmanSachs
ExPostfacto approval for acquisition of equity shares
Investments(Mauritius)I representing7%ofthepaidupandissuedsharecapital
NoFreshInflow
Ltd.,Mauritius
anddivestmentofexcessinvestmentof2%byJune30,
2009toundertakethecommodityexchange.
*****
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the May 3, 2011
PRESS RELEASE
held on April 20, 2011, Government has approved 21 Proposals of Foreign Direct Investment
(Vijay Singh Chauhan)

Director (FIPB)
23094045
E-mail: chauhan@nic.in
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 20.04.2011
Sl.
No.
FDI/NRI
inflows (` In
crore)
CHEMICAL & PETROCHEMICALS

1 M/s Titan HMG Paints
India Ltd, Coimbatore
Ex-post-facto approval for induction of foreign

investment in SSI unit.
0.62
Induction of foreign equity by way of issue of QIPs

to carry out the business of tea plantation and
manufacture of tea, fertilizer and sugar.
60.00
Increase in foreign investment from 49 per cent to

74 per cent of the issued and paid up equity share
capital in banking sector.
5.50
COMMERCE
2 M/s Jay Shree Tea &
Industries Ltd., Kolkata
ECONOMIC AFFAIRS
3 M/s Dhanlaxmi Bank
Ltd., Kerala

4 M/s Word of God
Fellowship, Inc. USA
To set up a WOS to undertake to the business of

broadcasting -downlinking and distributing to cable
operators a non-news and non-current affairs
channel.
1.60

5 M/s 3DPLM Software
To issue and allot equity shares as stated in the
Solutions Ltd., Mumbai Scheme of Amalgamation and approved by the
Honble High Court of Bombay to carry out the
business of development of software.
No fresh
inflow
REVENUE
6 M/s Deccan Emerging
Business Ventures Pvt.
Ltd., Karnataka
Ex-post facto approval has been sought for

induction of foreign investment to act as investing
company.
9.92
ROAD TRANSPORT & HIGHWAYS

7 M/s Gayatri Projects
Ltd., Andhra Pradesh
To issue warrants to carry out the execution of

major civil works concrete/ masonry dams, earth
filling dams, national highways, bridges, canals,
aqueducts, ports, etc.
10.00
TELECOMMUNICATIONS
8 M/s People Infocom Pvt. To issue shares by way of share swap.
Ltd., Mumbai
Nil
ECONOMIC AFFAIRS
Networks Pvt. Ltd.
To purchase and acquire the entire shareholding of an

Investee Company against the payment of
consideration on deferred basis.
No fresh
inflow

10 M/s Honda Motors India To set up a vocational training institute for
Pvt. Ltd.
imparting technical and specialized education in the
areas related to automobile/supply chain and/ or in
related
fields
by
imparting
appropriate
education/skill/ training in related areas through
relevant modular programme/courses
No inflow
DEFENCE PRODUCTION
11 M/s Maini Precision
Products Pvt. Ltd.,
Bangalore
12 M/s Punj Lloyd Ltd.,
Delhi & Haryana
To undertake defence related additional activities of

manufacture of parts and accessories of aircrafts,
spacecrafts.
To undertake additional activities of manufacture,
assembly and repair of defence equipment.
No fresh
inflow
No fresh
inflow
ENVIRONMENT & FORESTS

13 M/s Cerebra Integrated
Technologies Ltd.,
Bangalore
Issue of shares for consideration other than inward

remittances.
No fresh
inflow

14 M/s Lokmat Media
Limited, Mumbai
Induction of foreign equity by way of IPO, including

issuance and allotment of equity shares to person
resident outside India, including FIIs, foreign VCFs,
multilateral and bilateral financial institutions and
non-resident Indians to carry out the business of
publishing of newspapers dealing with news and
current affairs.
15 M/s iFast Financial India To engage in the business of publishing magazine.
Pvt. Ltd., Mumbai
13.82
15.7

16 M/s Kale Consultants,
Pune
Ex-post-facto approval for issue of warrants. The

company is engaged in IT sector.
97.51
Ex-post-facto approval for issue of warrants. The

company is engaged in the business of coal washing
and electricity generation.
120.16
POWER
17 M/s ACB (India)
Limited, Delhi

18 M/s Oriental Tollways
Pvt. Ltd., Delhi &
Haryana
Induction of foreign equity in an Investing

company.
475.00
TELECOMMUNICATIONS
19 M/s Netmagic Solutions To increase foreign equity from 49 per cent to 74
Pvt. Ltd., Mumbai
per cent to carry out the business of ISP with
gateways.
To increase foreign equity from 49 per cent to 74
per cent to carry out the business of Broadband
Ltd., Delhi
wireless services, internet services and other
70.00
54.00

21 M/s Darjeeling Organic
Tea Estates Pvt. Ltd.
2.
Induction of foreign equity and foreign collaborator

to carry out the business of production, distribution
and export of tea.
93.37
The following 17 (Seventeen) proposals have been deferred:

Sl.
No
1 M/s Vivimed Labs Ltd.,

Bangalore
2 M/s Park Controls &
Communications Ltd.,
Bangalore
3 M/s NCBG Holdings,
Inc., Cayman Islands
4 M/s Natixis Global
Asset Management,
France
5 M/s G4S Security
Services (India) Pvt.
6 M/s Picturehouse
Media Ltd. (earlier
known as M/s
Telephoto
Entertainments Ltd.,),
Tamil Nadu
7 M/s Selan Exploration
Technology Ltd., Delhi
Ex-post-facto approval for issue of warrants to undertake

manufacturing of organic chemicals and pharmaceuticals.
Ex-post-facto approval for induction of foreign investment to carry
out the defence related activity.
Induction of foreign equity in an Indian company to undertake the
manufacturing of wiring sets including wiring sets of a kind used in
vehicles, aircraft, ships or other machinery used in defence industry.
To invest by way of indirect foreign investment in Pension Fund
Subsidiary.
Ex-post-facto approval for induction of foreign equity to carry out
the business of providing security services.
To issue warrants to undertake the business of film and
entertainment industry.
Ex-post-facto approval for issue of warrant to carry out the business

of onshore oil and gas production.
8 M/s Cals Refineries

9 M/s Goshi India Auto
Parts Pvt. Ltd., Delhi &
Haryana
10 M/s Pran Beverages
(India) Pvt. Ltd.,
Kolkata
11 M/s Checkmate
Services Pvt. Ltd.,
Gujarat
12 M/s Southern CNG
Automobiles India Pvt.
Ltd., Kolkata
13 M/s Royale Asia
Couriers Pvt. Ltd.,
Chennai
14 M/s Mango Holding
Limited, Bangladesh
15 Mr. M. Rezaul Hassan
and Ms. Monnujan
Nargis, Bangladesh
16 M/s UT Starcom India
Telecom Private
Limited
17 M/s Soma Tollways
Private Limited,
Andhra Pradesh
3.
To issue equity shares in the form GDRs against supply of refinery

equipment.
To convert the Suppliers Credit (Machinery Loan) into equity shares
to carry out the business of manufacturing and distribution of spare
parts.
Induction of foreign equity by a company from Bangladesh.
Induction of foreign equity in a company engaged in private

security services.
Induction of foreign equity in by a company from Bangladesh.
Induction of foreign equity to carry out the business of international

courier operations.
To subscribe to equity shares of an Indian company engaged in the
business of manufacturing and Supply of Wireless Equipment by a
company from Bangladesh.
Ex post facto approval to set up a WOS to undertake the business of
Software development Services by citizens of Bangladesh.
To undertake additional activity relating to Telecom/I&B sector.
Induction of foreign investment in an investing company.
The following 9 (Nine) proposals have been rejected:

Sl.
No
1 M/s ADM Investor

Services International
Ltd., UK
2 M/s Befesa
Ltd., Tamil Nadu
3 M/s Haver Ibau India
Pvt. Ltd. Mumbai
Induction of foreign equity in an Indian company to carry on the

business of commodity trading.
Ex-post-facto approval for capitalization of pre-incorporation
expenses.
To issue equity shares against trade payables to carry out the
business of manufacturing of packing machines for valve-type or
open bags, for loose powdery materials and liquids.
4.
4 M/s Rolling
Construction Private
Limited, Delhi &
Haryana
5 M/s Pruksa-Luxora
Housing Pvt. Ltd.,
Mumbai
6 M/s Arshiya
International Ltd.,
Mumbai
7 M/s Ybrant Digital Ltd.
Relaxation in capitalization norms.
8 M/s Xebia IT
Architects India Pvt.
Ltd.
9 M/s Telelogic ICT
Services Pvt. Ltd.
Ex-post-facto approval for issue of sweat equity shares for

consideration other than inward remittances to Director of the
company.
Ex-post-facto approval for issuing equity shares against rent and
Relaxation in capitalization norms.
Ex-post-facto approval for issue of warrants to carry out the

business of providing logistics solutions, integrated supply chain
and logistics infrastructure services.
Ex post facto approval for issue of warrants to carry out the business
of Software Development, IT and IT enabled services.
The following 01 (One) proposal has been withdrawn from the Agenda.
Sl. No
1 M/s Kemrock Industries and Exports Ltd., Gujarat
******
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on June 14, 2013, Government has approved 8 Proposals of Foreign Direct Investment amounting
to ` 1311.54 crore approximately.
Sd/(B.D. Barua)
Tele No.: 2309 4979
Fax No.: 23094084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 14.06.2013
Following 8 (Eight) proposals have been approved.
Sl.
No.
1 M/s Euronet Services

India Pvt. Ltd.
Company having FDI to set up White Label ATMs.
2 M/s Shaastra Securities

Trading Pvt. Ltd.,
Gurgaon
To make downstream investment in the proposed

Wholly Owned Subsidiary to undertake the activity
of Commodity broking & trading in the commodity
exchanges.
To undertake an additional activity of setting up
White Label ATMs (WLAs) in India.
3 M/s Srei Infrastructure

Finance Limited,
Kolkata
4 M/s Mahle Holding
India Pvt. Ltd.
5 M/s Aveva Solutions
Limited, UK
Nil
2.87
No Fresh
Inflow
Investing company having 100% FDI proposes to

bring in more investment.
280.00
To set up a LLP to provide software development

and IT enabled services.
8.39
6 M/s Flemingo Duty Free To operate Electronic Duty Free Shop at

Shop Pvt. Ltd.
International Arrival and Departure Terminal at
Cochin International Airport and also a Duty Free
Shop at APM terminal at Pipavav Port.
7 Md. Rabiul Alam,
To set up a new company in India with 100 percent
Bangladesh
FDI to carry out the business of production of
engineering products.
8 M/s Telenor Mobile
To set up a JV company in telecom sector.
Communication AS,
Norway
2.
FDI/NRI
inflows
(` In crore)
Nil
20.28
1000.00
The following 10 (Ten) proposals have been deferred:
Sl.
No
Name of the
applicant
M/s Indostar
Capital Finance
Pvt. Ltd.,
Mumbai
2 M/s Muthoot
Finance Limited,
Kerala
3 M/s Scripbox.com
India Pvt. Ltd.,
Bangalore
A Systemically Important Non-Deposit Taking Non-Banking Financial

Company to set up a subsidiary company and sponsor a debt fund under
SEBI (AIF) Regulations.
Indian company acting as facilitator of investments into mutual funds (other

financial Services not mentioned in the FDI policy) proposes to receive
foreign investment.
4 M/s AU Housing To increase direct and indirect foreign investment up to 95%, without
Finance Limited, meeting the minimum capitalization norm of USD 50 million. The
Jaipur
company is engaged in the business of providing housing loans, primarily
in the un-served, unreached and under-served market mainly in low income
states of India.
5 M/s Soma
Post facto approval for increase in foreign equity in the investing company.
Tollways Pvt. Ltd.
6 M/s Conrad
A Foreign citizen (NR) proposes to set up a multimedia LLP.
Horler, Karnataka
7 Mr. Ramneek
To set up an LLP with foreign equity to undertake agri-export business.
Singh, Amritsar
8 M/s Octania
To issue equity shares in lieu of technology transfer/know how.
Aerostructure
Group Pvt. Ltd.,
New Delhi
9 M/s Jaguar-Max Induction of foreign investment upto 49% in an Indian company engaged in
Security Solutions Private Security Services.
Pvt. Ltd., New
Delhi
10 M/s Jet Airways An Indian Air Transport Service sector company to make a preferential
India Ltd.
allotment of 24% of equity shares to a foreign airline. The foreign airline
proposes to subsequently transfer the same to its WoS.
3.
The following 6 (Six) proposals have been rejected:
Sl.
No
Name of the
applicant
1 M/s Alliance
Insurance Brokers
Private Limited,
Mumbai
2 M/s Highdell
Investment Ltd.,
Mauritius
3 M/s NREC
Railway
Equipments India
Private Limited,
Delhi
4 M/s Snap
Networks Pvt.
Ltd., Karnataka
5 M/s Multi
Commodity
Exchange of India
Pvt. Ltd.
6 M/s Marjan
Motors Private
Limited, Chennai
Induction of foreign equity by way of issue and transfer of equity shares to

carry out the business of insurance broking.
Induction of foreign equity in an investment holding company.
Post facto approval for issuance of equity shares against pre-operative

expenses borne by the foreign collaborator. The company is engaged in the
business of manufacturing locomotives and their parts.
Post facto approval for issuance of partly paid up shares to an NRI. The
company is engaged in the business of development of technology with
respect to Wireless sound systems.
Engaged in the business of trading in commodities.
Post facto approval for allotment of shares against pre incorporation

expenses remitted by foreign investor to the third party in India.
4.
Sl.
No
The following 2 (Two) proposals have been advised to access automatic route:
Name of the
applicant
1 M/s Avis India

Investments Pvt.
Ltd.
2 M/s Dewsoft
Fabrication
Private Limited,
New Delhi
5.
A foreign owned (WoS) Indian company, engaged in renting

or leasing (other than financial leasing) of motor vehicles
proposes to increase its stake in a downstream, engaged in the
same business, by acquisition of shares from the partner.
A defence sector company to transfer 26 % holdings to a
foreign company against technology transfer fee payable to the
foreign company.
FDI/NRI
inflows
(` in crore)
17.61
Nil
The following 01 (One) proposal has been withdrawn from the Agenda:
Sl.
No
1 M/s ICICI Venture Funds Management Company Ltd., Mumbai
6.
In respect of the following 1 (One) proposal, the applicant has been advised to apply for
approval:
No.
1 M/s Cable & Wireless

Networks India Pvt.
Ltd.
Intimation regarding overseas group restructuring in internet

infrastructure Company without change in approved FDI/cap/investor.
7.
In respect of the following 1 (One) proposal, the applicant has been advised that part (a)
has been rejected and part (b) and (c) would not require post facto approval as the sector is on
automatic route:
5 M/s Abicor Binzel
Production (India) Pvt.
Ltd., Pune
(a) Conversion of overseas loan and interest thereon into share

application money in FY 2003-04 and subsequently issuing of
30,000 equity shares of ` 1000/- each at par value in month of June
2008.
(b) Post facto approval for transfer from Resident to Non- residents
of 36 equity shares of ` 1000 each at par during the year 1999 and
2000; and
(c) Post facto approval for issue of 4964 equity shares of ` 1000 each
at par value on February 5, 2002 to non-residents.
8.
Decision in the following 1 (One) proposal will be communicated separately:

No.
1 M/s Stemcor Holdings
Limited
An International steel trading group having a majority

owned mining and a WoS in manufacturing in India is
restructuring its holdings and through a swap of shares
proposing to hold its manufacturing activity as a
downstream entity of its mining subsidiary.
*****
FDI/NRI
inflows
(` in crore)
Nil
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the September 3, 2009
PRESS RELEASE
held on August 21, 2009, Government has approved 8 Proposals of Foreign Direct Investment
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
4.
August 21, 2009
Following 8 (Eight) proposals have been approved:
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)

1 M/s Takata Corporation,
Japan
Aggrieved with the recommendation of the FIPB, the

Indian JV partner (Dhiraj Dhar Gupta and Anr/Abhishek
Auto Industries) filed a writ in Delhi High Court. The Delhi
No Fresh Inflow
High Court in its order dated July 8, 2009 in
WP(C)7912/2008, has asked the FIPB to hear both the
parties & convey the decision by September 8, 2009.
ECONOMIC AFFAIRS
2 M/s Clivet TF Air Systems To issue shares for other than cash consideration.
(P) Ltd., Bangalore
No Fresh Inflow
3 M/s NR Hytech Engineers Ex-post-facto approval for issuance of shares against

No Fresh Inflow
Pvt. Ltd., Thane
import of machinery.
4 M/s Powermax
To increase in the foreign equity participation from the
Communications Pvt. Ltd., existing 49% to 74% in the enhanced paid up capital. The
New Delhi
company is engaged in providing broadband
communication networks, systems, products and services,
power transmission and distribution management
systems and services and smart grid networks, systems,
services and products.
Solutions Ltd.
Ex-post facto approval for

convertible into equity shares.
issuance
of
warrants
0.03
No Fresh Inflow
FOOD PROCESSING INDUSTRIES

6 M/s Big Drum India Pvt.
Ltd., Hyderabad
To allot shares in lieu of consideration of the value of the

No Fresh Inflow
machineries supplied.
POWER
7 M/s ISNI Electric Power
Company Pvt. Ltd., USA
To issu`e and allot equity shares against pre incorporation

No Fresh Inflow
expenses.
TELECOMMUNICATION
8 M/s Tecnotree
Convergence Ltd.,
2.
1.28
The following 7 (Seven) proposals have been deferred:

No
1 M/s Taneja Aerospace
To regularize the FII investment in the Defence Sector.
and Aviation Ltd., Tamil
Nadu
GmbH (EADs), Germany production of Defence equipment (manufacture of arms and armaments).
and Larsen & Tourbo
3 M/s Sahajanand Medical Transfer of shares by way of share swap. The Indian company has one SSI
Technologies Pvt. Ltd.,
Unit.
Surat
4 M/s Rish Pte. Ltd.
Transfer of shares from an erstwhile OCB to NR.
Transfer of shares from OCB to Non-Resident
6 M/s ByCell
A decision is required to be taken in the light of the High Courts directions
Telecommunication Pvt. that any representation made by ByCell is to be considered by FIPB in light
Ltd.,
of MHAs objections to security credentials of the company.
7 M/s Devas Multimedia
Pvt. Ltd.,
3.
To induct fresh foreign equity participation with the induction of a new

foreign collaborator.
The following (One) proposal has been rejected:

Sl.
No
1 M/s Capricorn
Mumbai
To seek relaxation in the clause (b) of Press Note 2 of 2005 with respect to
minimum capitalization and asking the permission to receive balance
amount as fresh inflow of funds to achieve the minimum capitalization
norms.
4.
The following 1 (One) proposal has been withdrawn by the applicant:

Sl.
No
FDI/NRI inflows (Rs. In

Crore)
No Fresh Inflow
5.
The following 01 (One) proposal has been recommended to advise the applicant to approach the
Regulator:
No.
1 M/s Coles Cranes Group
Ltd., U.K
FDI/NRI inflows
(Rs. In Crore)
To purchase equity shares instead of warrants through

Stock Exchange(s) and/or through block deal remitted No Fresh Inflow
already for the purchase of warrants.
6.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore:
Sl.
No

*****
FDI/NRI
inflows (Rs. In
Crore)
3740.00
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe12thJune,2008
PRESSRELEASE
heldon4thJune,2008,FinanceMinister,ShriP.Chidambaramhasapproved13ProposalsofForeign
Information&Broadcasting,UrbanDevelopment,TourismandEconomicAffairs.
(P.K.Bagga)
OSD(CM&I)
23094172
Email:pk.bagga@nic.in
To
TheDeputyDirectorGeneral(M&C)
(ShriB.S.Chauhan)
MinistryofFinance

Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
request latest by 5.00 P.M. on 13th June, 2008 at FAX No. 23094084, 23092477, 23093558. No
furtherrequestswillbeentertainedlaterandtheapprovalletterswouldbesentbySPEEDPOST.
TheauthorisedpersonforcollectionofFCapprovalshouldcarryaphotoidentity,aproperauthority
letter,dulysignedbytheauthorisedsignatoryoftheapplicant/authorizedconsultant.Theauthority
lettershouldalsocontainaspecimensignatureoftheauthorizedperson.Approvallettershallnot
behandedovertopersonwithouttheabovedocuments.
(P.K.Bagga)
OSD(CM&I)
23094172
04.06.2008
Following13(thirteen)caseshavebeenapproved.
No.
FDI/NRIinflows
(Rs.Incrore)
COMMERCE
1 M/s.SocomecSA,France Induction of foreign equity up to 100% in Indian
Companytomakeitasits100%WOSandtochangethe
activitiesfromretailtradingtowholesalecashandcarry
trading.ProposalattractsPressNote1of2005.
2 M/sArcelorMittalIndia
Ltd.,Ranchi
Nil
holding company for making further downstream
investment.
0.41
Acquisition of up to 5% equity shares of the Delhi Stock

Exchange.ProposalattractsPressNote1of2005.
13.47
4 M/sApolloHealthStreet Induction of foreign equity by issuing IPO and PreIPO

Ltd.,Hyderabad
placement of equity shares or compulsorily convertible
preferenceshares.
60.69
ECONOMICAFFAIRS
3 M/sDeutscheBank
Aktiengesellschaft
HEALTH
POWER
5 M/sIndiabullsPower
GenerationLtd.,Mumbai holding company for making further downstream
investment.
0.13
ROADTRANSPORT&HIGHWAYS
6 M/sGayatriInfra
Inductionofforeignequityupto49%formakingfurther
VenturesLtd.,Hyderabad downstreaminvestment.
200.00
7 M/sDishTV
Issueofrightissueofitspartlypaidupequityshares.
Nil
FOODPROCESSING
8 M/sDemeraraDistilleries Conversionofoperatingcompanyintoanoperatingcum
holding company for making further downstream
investment.
ECONOMICAFFAIRS
Nil
9 M/sPeakDatabase
SolutionsPvt.Ltd.,
Mumbai
Issue of shares in lieu of capitalization of pre

incorporation/preliminaryexpenses
Nil
10 M/sPeakDatabase
SolutionsPvt.Ltd.,
Mumbai
Issue of shares in lieu of capitalization of pre

Nil
11 M/sDLFLimitless
Issueofsharesinlieuofpreincorporationexpenses
DevelopersPvt.Ltd.,New
Delhi
Nil
12 M/sGolbootHoldings
Ltd.,Cyprus
Induction of foreign equity by way of subscribing to

unsecuredfullyandcompulsorilyconvertibledebentures.
ProposalattractsPressNote1(2005series)
700.00
13 M/sIndiaRizingFund,
Mumbai
To accept contribution from overseas investors and to

issue units against the money received for making
investmentinDefenceSMEsectorasperFDIPolicy.
550.00
2.
Thefollowing3(three)proposalshavebeendeferred:
Total
Rs.1524.70
No
1 M/sTopSecurityLtd.,
Downstream Investment in its 10 Subsidiaries and Preferential allotment
Mumbai
ofequityshares.
2 M/sRISHPTELtd.,Cock
Islands
PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
whichotherwiserequiresFIPBapproval.
Islands
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on July 27, 2012, Government has approved 11 Proposals of Foreign Direct Investment
amounting to ` 2067.98 crore approximately. The Press Release dated August 23, 2012 has been
modified and the proposal of M/s Cloverdell Investments Ltd. Mauritius, which was pending for
certain clarification, has now been approved.
Sd/(Vijay Singh Chauhan)
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 27.07.2012
Following 11 (Eleven) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Anamika Tea
Acquisition of equity shares of the company
Holding Ltd., Mauritius engaged in the business of plantation/ cultivation
and manufacturing and selling of tea.
1.85
ECONOMIC AFFAIRS
2 M/s Vinci Energies India Induction of foreign equity into an investing cum
Pvt. Ltd., Delhi
operating company, whose operating activities have
not commenced.
3 M/s Kemper System
Ex post facto approval for transfer of shares from
(India) Pvt. Ltd., Pune resident to Non Resident in a company engaged in
wholesale trading prior to issue of Press Note 4 of
2006 dated February 10, 2006.
4 M/s DEG-Deutsche
Induction of foreign investment into the India Fund
Investitions-und
which will act as Investing Company to invest in
Entwicklungsgesellschaf equity, equity-linked and debt instruments of Indian
t mbH
companies engaged in infrastructure service, supply
chains and logistics, healthcare services,
entertainment and leisure goods and consumer
packaged goods, which are permitted under extant
FDI policy.
15.50
0.10 (already
brought)
55.00
PHARMACEUTICALS
5 M/s Fresenius Kabi
(Singapore) Pte. Ltd.,
Singapore
To sell equity shares of the Indian company through

Offer For Sale method (OFS) whereby the shares
may be purchased by all eligible persons under the
No fresh inflow
scheme including foreign investors. The Indian
company is engaged in the business of
pharmaceutical sector.
FINANCIAL SERVICES
6 M/s Equitas Holdings
Pvt. Ltd.
To increase the foreign equity participation in an

investing company.
140.00

7 M/s CIIE Initiatives (i3E To increase the foreign equity participation upto 50
Trust)
per cent.
40.00

8 The Walt Disney
Company (Southeast
Asia) Pte. Ltd.
Induction of foreign equity for inter alia expansion

of the business and making downstream investment
in other companies and subsidiaries of the company,
including broadcasting companies.
1000.00

Information Services
Pvt. Ltd.

7.40

10 M/s Packt Publishing
Private Limited, Mumbai of providing services relating to publication of
books to M/s Packt Publishing Ltd., an UK based
company.
0.07
FINANCIAL SERVICES
11 M/s Cloverdell
Investments Ltd.
Mauritius
2.
Induction of foreign equity in an operating NBFC

with downstream investments in companies engaged
in/proposed to be engaged, inter alia, in the business
of housing finance, stock broking (including
derivatives and currency derivatives broking),
depository participant service, commodity broking
and investment advisory activities.
808.06
The following 15 (Fifteen) proposals have been deferred:

Sl.
No
1 M/s Multi Screen

Media Pvt. Ltd.

(Tamilnadu) Pvt. Ltd.
3 M/s Mahindra and
Delhi
4 M/s Man Chung Lim
5 M/s Arch Pharmalabs

Limited, Mumbai
Induction of foreign equity to carry out the business of production of

unified access services.
Products.
scheme.
Induction of foreign investment in an existing company engaged in
the business of manufacture and sale of Active Pharmaceutical
Ingredients and contract research and manufacturing services.
6 M/s B Braun Singapore Acquisition of shares of the company engaged in the business of life
Pte Limited, Singapore saving intravenous fluids and ophthalmic products.
7 M/s Pfizer Limited,
Mumbai
Induction of foreign equity in an operating cum investing company

to carry out the business in pharmaceutical sector.
8 M/s InterCall Asia

Ltd., Singapore
9 M/s Scribble Media &
Entertainment Pvt. Ltd.,
Hyderabad
10 M/s Vyome
Biosciences Private
Limited, Delhi
11 M/s Zim Laboratories
Limited, Nagpur

Induction of foreign equity to carry out the business of publication of
evening news publication titled Post Noon.
Induction of foreign equity to carry out the activities relating to
12 M/s Ordain Health Care Induction of foreign investment in an existing company engaged in
Global Pvt. Ltd.,
the business of manufacturing, research & development for
Chennai
technology advancement, and marketing of pharmaceutical finished
dosage formulations.
13 M/s Sutures India
Private Limited,
the business of manufacturing and export of sutures, surgical tapes,
Bangalore
mesh bone wax, atraumatic needles, skin staplers and surgical
gloves.
14 M/s Stellence
Induction of foreign equity by way of transfer and issue of equity
Pharmscience Pvt. Ltd., shares and compulsory convertible preference shares to carry out the
Bangalore
business of manufacture and sale of Active Pharmaceutical
Ingredients and advanced intermediates.
15 Dr. A. Jawahar
Post facto approval for regularization of equity shares. The company
Palaniappan, USA
is engaged in the activity of printing magazines, telephone
directories, text books, etc.
3.

Sl.
No
1 M/s Brovis Wireless

Networks Private
Limited, Chennai
Ex-post facto approval for allotment of shares against capitalization

of suppliers money used for importing materials and softwares, etc.
The company is engaged in the business of manufacturing of parts
and accessories of apparatus for Radio, Radio/ line Telephony/
Telegraphy/ Data (Radio Access Equipment and Services)
2 M/s Mfar Realtors Pvt. Conversion of an existing Private Limited company into LLP. The
Ltd., Cochin
company is engaged in the business of construction and development
of residential properties.
3 M/s Advent Business
To delete one of the condition in the FC approval.
Credit Development
Company Pvt. Ltd.
4 M/s Greycells
Education Ltd.
To issue warrants to carry out the business of educational services

rendered by technical or vocational colleges, schools and other
institutions.
4.
In the following 01 (One) proposal, FIPB recommended that the applicant may be advised
that no specific approval is required:
No.
1 M/s Aman Sewing &

Embroidery Threads
Pvt. Ltd.
To change the activity from import of Sewing Threads

and sale the same to domestic end users (Test-Marketing)
to import of Sewing Threads and wholesale trade of the
same to its industrial/ institutional customers.
5.
Sl.
No
1 M/s Alburaq Trading LLP, Maharashtra
*****
FDI/NRI
inflows
(` in crore)
Nil
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 27.07.2012
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Anamika Tea
1.85
ECONOMIC AFFAIRS
Pvt. Ltd., Delhi
not commenced.
3 M/s Kemper System
4 M/s DEG-Deutsche
Investitions-und
t mbH
FDI policy.
15.50
0.10 (already
brought)
55.00
PHARMACEUTICALS
Singapore

No fresh inflow
FINANCIAL SERVICES
Pvt. Ltd.

investing company.
140.00

Trust)
per cent.
40.00

8 The Walt Disney
Company (Southeast
Asia) Pte. Ltd.

1000.00

Pvt. Ltd.

7.40

company.
0.07
FINANCIAL SERVICES
11 M/s Cloverdell
Investments Ltd.
Mauritius
2.

808.06

Sl.
No
1 M/s Multi Screen

Media Pvt. Ltd.

3 M/s Mahindra and
Delhi
4 M/s Man Chung Lim

Limited, Mumbai

Products.
scheme.
Mumbai


Ltd., Singapore
Hyderabad
10 M/s Vyome
Biosciences Private
Limited, Delhi
Limited, Nagpur

Global Pvt. Ltd.,
Chennai
Private Limited,
Bangalore
gloves.
14 M/s Stellence
Bangalore
15 Dr. A. Jawahar
Palaniappan, USA
3.

Sl.
No

Networks Private
Limited, Chennai

Ltd., Cochin
Credit Development
Company Pvt. Ltd.
4 M/s Greycells
Education Ltd.

institutions.
4.
No.
1 M/s Aman Sewing &

Embroidery Threads
Pvt. Ltd.

5.
Sl.
No
*****
FDI/NRI
inflows
(` in crore)
Nil
No.11(1)/2008FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the 7th January 2009
PRESS RELEASE
held on 12th December, 2008, Government has approved 34 Proposals of Foreign Direct Investment
namely, Commerce, Corporate Affairs, Economic Affairs, Heavy Industry, Information & Broadcasting,
Information Technology, Financial Services, Steel, Urban Development, Road Transport & Highways
and Telecommunication,.
Sd/
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
4.
12.12.2008
Following 34 (Thirty four) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Wear International
Retail Pvt. Ltd.
To induct FDI in retail trade of single brand products.
2 M/s Reliance Paul &

Shark Fashions Pvt. Ltd.
To induct FDI in retail trade of single brand products.
3 M/s Doral Capital S.A.,

Luxenbourg
Acquisition/subscription of equity for retail trading.
Not indicated
Not indicated
2.29
4 M/s Toy Watch India Pvt. Induction of foreign equity participation of 51% for retail
Ltd.
and wholesale trade under the single brand.
5 M/s Austria Puma Dassler To set up a Joint Venture with 51% equity participation
Gesellschaft m.b.H
for retail trading.
Austria
Not indicated
0.76
CORPORATE AFFAIRS
6 M/s Sona Koyo Steering
Systems Ltd
Postfacto approval for issuance of warrants convertible

into fully paid up equity shares.
No Fresh Inflow
ECONOMIC AFFAIRS
7 M/s Compass Group
(Mauritius) Ltd.,
Mauritius
10
11
To acquire the existing paid up equity share capital and

also to subscribe to any further paidup equity share
capital or fully and compulsorily convertible
instruments. The company is engaged in the business of
catering, housekeeping and allied services. The proposal
M/s Kolkata West
Expost facto approval for setting up of a WOS in the IT
International City Pvt.
Sector. Change of status from operating cum holding
Ltd., Kolkata
company to make downstream investment.
M/s FLSmidth Pvt. Ltd.,
Post facto approval for conversion of operating company
Chennai
into an operating cum holding company to make further
downstream investment.
M/s CMA CGM Global
To set up a WOS to undertake the activity as shipping
Agency Pte. Ltd.,
agent on an all India basis. The proposal attracts Press
Singapore
Note 1 of 2005.
M/s Calcom Cement India Conversion of operating company into an operating cum
Ltd., Assam
holding company by way of acquisition of existing shares
in existing companies, acquisition of existing business,
and/ or setting up downstream company to be funded
by way of fresh issue and/ or out of accumulated
reserves and internal accruals.
0.01
2.25
No Fresh Inflow
0.50
56.21
HEAVY INDUSTRY
12 M/s Toyoda Iron Works
Co. Ltd., Japan
To set up a WOS to manufacture and supply of auto

components. The proposal attracts Press Note 1 of
2005.
75.24

13 M/s Bharti Teleports Ltd., To induct indirect foreign investment in Teleport sector.
New Delhi
14 M/s Omni Editions India
Pvt. Ltd., Indore
To carry out the business of publication of Indian edition

of Foreign scientific/ technical/ specialty magazine.
No Physical
inflow
2.00
15 M/s Den Networks Ltd.,
New Delhi
(i) To permit nonresidents, including FIIs, NRIs, FVCI and

VCF and multilateral and bilateral development financial
institutions and other eligible foreign investors to
subscribe/ acquire up to 49% of the issued and paid up
capital including pursuant to a preIPO and/ or transfer
of equity shares or other securities (including
convertible preference shares) convertible into equity
shares, and (ii) Conversion of operating company into an
operating cum holding company.
16 M/s Mckinsey Knowledge To set up a WOS and conversion of operating company
Centre India Pvt. Ltd.
Not indicated
No Fresh Inflow
FINANICAL SERVICES
17 M/s Bupa Mauritius
Holdings Ltd., Mauritius
To set up a WOS and conversion of operating company

3.00
STEEL
18 M/s Sumitomo
Corporation, Japan

160.00
URBAN DEVELOPMENT
19 M/s. HBS Realtors Pvt.
Ltd., Mumbai
Conversion of operating company into an operating cum

investment.
20 M/s Barwa International, Conversion of operating company into an operating cum
Qatar
investment.
300.00
400.00
ECONOMIC AFFAIRS
21 M/s Aavishkar India
Micro Venture Capital
Fund
To receive FDI and issue and allot the units of the Fund.
22.56

22 M/s SKR BPO Services
Pvt. Ltd.
23 M/s ZF India Pvt. Ltd.

To undertake the additional activities viz., manufacture,
supply and service of chassis and driveline products for
commercial vehicles and agricultural machinery. The
No Fresh Inflow
No Fresh Inflow

24 M/s Coastal Project Pvt.
Ltd.
To increase foreign equity participation.

123.82
COMMERCE
25 M/s Universal Biofuels
(i) To incorporate and make downstream investment in

subsidiaries, and (ii) to issue and allot equity shares to
eligible NonResident Investors through participation in
the IPO, and/or in the form of any PreIPO Placement
and for any preferential issue of equity shares that may
be issued by the company at a future date.
200.00
HEAVY INDUSTRY
26 M/s Ralf Schneider
To set up a WOS. Proposal attracts Press Note 1 of
Holding Gmbh, Germany 2005.
0.50
TELECOMMUNICATION
27 M/s. Equant Network
Services India Pvt. Ltd.
To carry out the additional activities of getting internet

service provider (ISP) with gateway (both for satellite
and submarine cables).
No Fresh Inflow

28 M/s Mahindra &
Mahindra Ltd.
To set up JV company to develop, manufacture and

provide through life service support for Land Systems
defence equipment on the terms and conditions set out
in the license to be issued by the DIPP pursuant to Press
Note 4 of 2002.
28.94
To set up a WOS to act as a collecting agent for diamond

gradation/ certification services. The proposal attracts
0.10
COMMERCE
29 M/s Rapaport Holdings
LLC., USA
COMMERCE
30 M/s Sophia Power
Company Ltd., Gurgaon
Merger of the companies pursuant to the order passed

by the Honble High Court of Delhi and conversion of
operating company into an operating cum holding
company to make further downstream investment.
31 M/s NAS Aviation
Conversion of foreign owned operating company into a
Services India Pvt. Ltd.,
foreign owned operating cum holding company to make
Mumbai
further downstream investment.
32 M/s Apollo Energy
Company Ltd., Hyderabad holding company to make further downstream
investment.
33 M/s Cranes Software
International Ltd.,
Bangalore
No Fresh Inflow
38.82
73.67
No Fresh Inflow

34 M/s Standard Chartered To acquire, by way of transfer, equity shares to carry out
IL&FS Asia Infrastructure the activities in infrastructure/ service sector.
Growth Fund Company
Pte Ltd., Singapore
124.23
2.
The following 13 (Thirteen) proposals have been deferred:

No
1 M/s Sandvik Asia Ltd.,
To induct FDI to carry out the activity comprising of Tooling, Mining and
Pune
Construction and Material Technology. The proposal attracts Press Note
1 of 2005.
2 M/s Loro Piana
To set up a Joint Venture with 51% equity participation directly or through
International SA,
affiliates for retail trading.
Switzerland
3 M/s Dun & Bradstreet
To make investment of funds from its internal accruals or out of fresh
remittances from the overseas company or by way of a combination of
internal accruals and fresh remittances from the overseas company for
equity participation of a minimum of 51% of the paid up equity share
capital and also make further investments.
4 M/s Keystone Realtors
Conversion of operating company into an operating cum holding company
Pvt. Ltd., Mumbai
to make further downstream investment.
5 M/s Hiranandani Realtors Conversion of operating company into an operating cum holding company
Pvt. Ltd., Mumbai
6 M/s Lakepoint Builders
Pvt. Ltd., Mumbai

7 M/s Genworth Financial

Inc, USA
Amendment in the existing FIPB approval.
8 M/s eSys Information

Technologies Ltd.

9 M/s Broadband Pacenet Induction of foreign equity by way of subscribing to or acquisition of

(India) Pvt. Ltd., Mumbai shares up to 74% equity of the company
10 M/s. EZY Infosoft Private Conversion of operating company into an operating cum holding
Limited, Chandigarh
company, transfer of shares by way of share swap. Proposal also attracts
To issue and allot up to 10% of the issued share capital.
Information Services Pvt.
Ltd., Mumbai
12 M/s South Asian Regional Sale and transfer of shares from resident shareholders to nonresident for
owning and operating a language channel. The proposal also attracts
Investments Singapore
Pte Ltd., (2) M/s South
Asian Regional
Investment Singapore II
Pte Ltd., Singapore
13 M/s Dow Jones &
To make a WoS to carry out the publishing of facsimile editions of
Company Inc., USA
newspapers.
3.
The following 4 (Four) proposal has been rejected:

No
1 M/s Wire and Wireless (I) Issuance of partly paidup equity shares.
Ltd.
2 M/s Tata Investment

To issue Zero Coupon Convertible Bonds (ZCCB) with detachable warrants
Corporation Ltd., Mumbai to the equity shareholders of the company, on a rights basis, which
includes person resident outside India.
3 M/s Benq India Pvt. Ltd. Company has been granted approval to undertake cash and carry
wholesale trading for various types of telecom and IT products, fall under
the automatic route [PN 4(2006)], presently the company has requested
to include the items (viz. monitors & CD Rom Drivers) for which approval
was granted for manufacturing/test marketing.
4 M/s. Forum Synergies
(i) To accept contributions from the offshore Entity under the foreign
India PE Fund Managers direct investment route and to issue Class B Units and Class C Units to the
P.Ltd. Bangalore
Offshore Entity,
(ii) To subscribe to Units in consideration of contribution of assets at the
determined fair value, (iii) To make investments in existing securities of
the Indian companies in which FDI is permitted, and (iv) To distribute
income realized on investment under the automatic route, subject to
payment of applicable taxes in India.
4.
The following 1 (One) proposals have been advised to access automatic route.
Sl.
No
1 M/s Medison Co. Ltd., Korea To set up a WOS.
5.
The following 1 (One) proposals have been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore.
Sl.
Name of the
FDI/NRI
No
applicant
inflows (Rs.
In Crore)
1 M/s. Krishnapatnam Postfacto approval for the FDI already brought in under
Port Company Ltd,
automatic route, which otherwise requires FIPB approval and
944.00
Hyderabad
to make downstream investments in companies and/ or to
establish subsidiaries in future.
6.
The following 1 (One) proposal has been withdrawn by the applicant.

Sl.
Name of the
No
applicant
1 M/s Sobha Developers Conversion of operating company into an operating cum holding company to
Ltd., Bangalore
make further downstream investment.
7.
The following 1 (One) proposal has to be examined on file.

Sl.
Name of the
No
applicant
1 M/s Pernod Ricard
Conversion of operating company into an operating cum holding company to
India (P) Ltd.
8.
The following 1 (One) proposal is being examined further.

No
1 M/s Talisma Corporation
Pvt. Ltd., Bengaluru
To convert the advances received against services into equity shares.

*****
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on March 13, 2013, Government has approved 17 Proposals of Foreign Direct Investment
Sd/(B.D. Barua)
Tele No.: 2309 4979
Fax No.: 23094084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 13.03.2013
Sl.
No.
FDI/NRI inflows
(` In crore)

1 Ms. Sonia Sharma and
Mr. Harish Kumar
Sharma
2 M/s Hussmann
International Holdings
(Netherlands)
Cooperatief, U.A
Induction of foreign capital contribution in the

proposed LLP.
0.32
Induction of foreign capital contribution in an LLP.

0.0004
PHARMACEUTICALS
3 M/s SIDD Life Sciences Post facto approval for issuance of shares prior to
Pvt. Ltd., Tamil Nadu
receipt of full inward remittance. Engaged in the
business of manufacturing of medical/surgical
equipment & orthopaedic appliances etc.
4 M/s Sanofi-Synthelabo An existing pharma company to acquire another
(India) Limited, Mumbai pharma company through internal accruals.
5 M/s Oxford Lifesciences
Pvt. Ltd., Mumbai
6 M/s Oxford Laboratories
Pvt. Ltd., Mumbai
7 M/s Mylan Laboratories
Limited, Hyderabad
Transfer of shares from Resident to NR in a

brownfield Indian pharmaceutical company.
Transfer of shares from Resident to NR in a
brownfield Indian pharmaceutical company.
An existing Indian pharma company with FDI to
acquire formulation vials manufacturing facility
from another existing Indian pharma company.
0.61(already
brought in)
180.00
0.18
0.52
Nil
FINANCIAL SERVICES
8 M/s AGS Transact
Technologies Limited,
Mumbai

Nil
DEFENCE PRODUCTION
Induction of foreign equity to carry out the

manufacturing of advanced electronic systems, test
systems, simulators and electronic systems for
military applications.
0.05
A defence sector company, which has 26 percent

foreign equity participation (provisional approval)
including for issuance of FCCBs has sought
amendment in FC approval and issuance of shares
to an identified foreign investor.
Nil
HOME AFFAIRS
10 M/s Pipavav Defence
and Offshore
Engineering Company
Ltd.

11 M/s Asia Net
Communication Ltd.
Transfer of shares from Resident to Non-resident to

carry out the business of broadcasting non-news and
current affairs television channels.
0.02

12 M/s Delhi Duty Free
Services Pvt. Ltd.
13 M/s Moton Colortronic
Plastic Machinery (I)
Pvt. Ltd.
Post facto approval for transfer of shares from

resident to Non-resident for setting up a JV
company operating duty free shops.
Post-facto approval for issue and allotment of shares
issued towards pre-incorporation expenses to carry
out the business of manufacture of Auxillary
equipment used in Plastic/Polymers processing
industry.
Nil
Nil
TELECOMMUNICATIONS
14 Augere Wireless
Broadband (I) Pvt. Ltd.
To capitalize the balance amount of the spectrum

fee earlier paid to DoT.
70.66 (already
brought in)

15 M/s Zap Piling India
Pvt. Ltd., Chennai
16 Mrs. Jayalakshmi
Jagannathan, Chennai
17 M/s Na Pali Europe
SARL, France
2.
Post facto approval for issuance of shares on

incorporation of the company, the consideration for
which was received subsequently.
To set up an LLP.
2.54
0.009
Induction of foreign contribution in an Indian
company to carry out the business of single brand
retail trading.
7.65

Sl.
No
1 M/s Mylan Laboratories An existing listed Indian pharma company with FDI to acquire entire
Ltd., Hyderabad
business of manufacturing from another existing Indian pharma
company.
2 M/s Muthoot Finance Company having FDI to set up White Label ATMs.
Limited, Kerala
India Pvt. Ltd.
4 M/s Empays Payment
System India Pvt. Ltd.,
Mumbai
5 M/s Dewsoft
Fabrication Private
Limited, New Delhi
6 M/s Punj Lloyd

Company having FDI to undertake the business of providing Multibank Instant Mobile Technology.
A defence sector company to transfer 26 % holdings to a foreign
company against technology transfer fee payable to the foreign
company.
7 M/s K. Tech Pvt. Ltd.,

Chennai
3.
To issue equity shares against the value of import of first hand

machinery to carry out the business of manufacturing certain
automobile components.
The following 1 (One) proposal has been rejected:

Sl.
No
1 M/s Trakshun
Management
Consultants LLP
4.
LLP to become a WOS of a foreign company.
The following 02 (Two) proposals have been withdrawn from the Agenda:
Sl.
No
1 M/s Srei Infrastructure Finance Limited, Kolkata
2 M/s Stemcor Holdings Ltd.
5.
Sl.
No.
Decision in the following 1 (One) proposal will be communicated separately:

Name of the
applicant
1 M/s Domino
Clarification regarding clause 6, 11 and 19 of FC approval dated
Printech Pvt. Ltd. 10.5.2012.
*****
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the June 6, 2011
PRESS RELEASE
held on May 20, 2011, Government has approved 16 Proposals of Foreign Direct Investment

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 20.05.2011
Following 16 (Sixteen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)

1 M/s Global Gourmet Pvt.
Ltd., Gujarat
Ex-post facto approval for issue of shares on partly paid

basis to undertake processing of all kinds of vegetarian
foods/ non-vegetarian foods and beverages.
4.8

2 M/s Vogel Business Media Induction of FDI up to 100 per cent to carry out the
business of publishing/ printing of scientific and technical
magazines/ specialty journals/periodicals.
0.01
SHIPPING
3 M/s Oasis Shipping Pvt.
Ltd., Mumbai
Ex-post-facto approval for conversion of operating

company into operating cum investing company.
Nil
URBAN DEVELOPMENT
4 M/s Tredegar Film
Products India Pvt. Ltd.,
Mumbai
To allot equity shares in lieu of amount paid by the

foreign parent company for purchase of plot prior to
incorporation of the Indian WoS. The Indian company is
engaged in the manufacturing of non woven laminate
films for packaging.
Nil

5 M/s Whats On India
Media Pvt. Ltd.
Induction of foreign equity by way of issue of preference

shares to carry out the business of TV channel license for
up-linking a non-news and current affairs TV channel.
6 M/s Star News

Broadcasting Ltd. (Touch
Tele Content (I) Ltd.)
Ex post facto approval on the advice of RBI. The

company is engaged in the business of providing support
services to other media companies and to undertake the No Fresh Inflow
business of creating owning and distributing non news
and current affairs television channels.
0.99

Bangalore
Ex-post-facto approval for issue of warrants to undertake

manufacturing of organic chemicals and pharmaceuticals.
3.75
DEFENCE PRODUCTION
8 M/s Park Controls &
Communications Ltd.,
Bangalore
Ex-post-facto approval for induction of foreign

investment to carry out the defence related activity.
0.10

9 M/s Telephoto
To issue warrants to carry out the business of film and
Entertainments Ltd.,(Name entertainment industry.
changed to M/s
Picturehouse Media Ltd.)
Tamil Nadu
5.00
PETROLEUM & NATURAL GAS

10 M/s Selan Exploration
Technology Ltd., Delhi
Ex-post-facto approval for issue of warrant to carry out

the business of onshore oil and gas production.
1.81

11 M/s Goshi India Auto Parts To convert the Suppliers Credit (Machinery Loan) into
Pvt. Ltd., Delhi & Haryana equity shares to carry out the business of manufacturing No Fresh Inflow
and distribution of spare parts.

12 M/s Soma Tollways Private Induction of foreign investment in an investing company.
Limited, Andhra Pradesh
500.00
TELECOMMUNICATIONS
Limited, Bangladesh
To subscribe to equity shares of an Indian company

engaged in the business of manufacturing and Supply of
Wireless Equipment by a company from Bangladesh.
3.33
4 M/s Omega IceHill Pvt. Ltd. To issue shares for consideration other than inward
remittances.
3.76
HEAVY INDUSTRY
DEFENCE PRODUCTION
15 M/s Centum Electronics
Ltd., Bangalore
To undertake additional activities related to defence

No Fresh Inflow
sector.

16 M/s L&T Finance Holdings Permission for Pre-IPO placement of equity shares with
Ltd.
eligible non- resident investors.
2.
400.00

No
1 M/s Indian Rotorcraft
Induction of foreign equity to carry out the business of final assembly of
Ltd., Mumbai
both military and civil versions of helicopters.
2 M/s Ashwell Holding
Company Pvt. Ltd.,
Mumbai
Induction of foreign equity to carry out the business of investing

company.
3 M/s BNP Paribas S.A.

Paris
To set up a WoS to act as an investing company.
4 M/s SightLife USA
To set up a 100 per cent Charitable Company under Section 25 of the

Companies Act.
5 M/s Precision Electronics To undertake the additional activity in the defence sector.
Pvt. Ltd.
6 M/s Hughes
Ltd.
To make downstream investment to carry out the activity relating to

telecom sector.
7 M/s ASP Sealing

Products Ltd.
Ex post facto approval for transfer of shares

advice of RBI.
from NRI to NR on the
8 M/s NCBG Holdings, Inc., Induction of foreign equity in an Indian company to undertake the
Cayman Islands
manufacturing of wiring sets including wiring sets of a kind used in
vehicles, aircraft, ships or other machinery used in defence industry.
9 M/s Natixis Global Asset To invest by way of indirect foreign investment in Pension Fund
Management, France
Subsidiary.
(India) Pvt. Ltd., Kolkata
11 M/s Checkmate Services Induction of foreign equity in a company engaged in private security
Pvt. Ltd., Gujarat
services.
3.
12 M/s Southern CNG

Ltd., Kolkata

and Ms. Monnujan
Nargis, Bangladesh

14 M/s Interglobe
Enterprises Ltd.
To amend Clause 4 of FC approval relating to approval area of activity.

No
1 M/s Reynders Label
To issue Fully and Compulsorily Convertible Bonds against the
Printing India Pvt. Ltd.,
outstanding amount lying in books as Advance against Exports and
Delhi & Haryana
Creditors for capital goods and services- foreign counterpart to carry
out the business of Printing of labels, booklets, etc.
2 M/s Status Infin (India)
Induction of foreign equity in an investing company providing finances to

companies engaged in power, infrastructure and emerging sectors in
India.
3 M/s Anuradha Holdings

Pvt. Ltd., Bangalore
Transfer of shares by way of share swap to carry out the business of

project development, consultancy and management activities.
4 M/s Assystem India Pvt.

Ltd., Bangalore
Conversion of advance for the execution of future project into equity

shares to carry out the business of engineering services and application
oriented research in various engineering, information and
communication technologies primarily in Aerospace, Automotive and
Energy.
5 M/s AOS Holding India

S.A.S. France
To set up a JV company to undertake the business of Real estate agents,

brokers and managers engaged in renting, buying and selling, managing
and appraising real estate on a contract or fee basis. Architectural and
engineering and other technical consultancy activities.
6 M/s Amrit Jal Venture

Pvt. Ltd.
Transfer of shares by way of swapping equity shares in lieu of

acquisition of existing investments of foreign collaborator held in the
three SPVs.
7 M/s I-Velozity India Pvt.

Ltd.
To make an amendment in clause 2 of existing FC approval to allow for

undertaking additional activities.
4.
The following 02 (Two) proposals have been withdrawn from the Agenda.
Sl. No
M/s Gebr. Ewald GmbH, Germany
M/s First Apex Software Technologies Pvt. Ltd.
5.
The following 02 (Two) proposals have been withdrawn from the Agenda on the request of the
applicants.
Sl. No
M/s PTC India Financial Services Ltd., Delhi & Haryana
M/s Tata Steel Ltd.
6.
investment involved in the proposal is above ` 1200.00 crore.
Sl.
No
1
FDI/NRI inflows
(` In crore)
M/s Cals Refineries Ltd., To issue equity shares in the form 1425.00
Delhi & Haryana
GDRs against supply of refinery (against import of second hand
equipment.
machinery)
******
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the October 7, 2010
PRESS RELEASE
amounting to `. 5.46 Crore approximately.
Director (FIPB)
23094045
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 01.10.2010
Following 06 (Six) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` In crore)

1. M/s Praxair India Pvt. Ltd. To issue shares for consideration other than inward
remittance.
No Inflow
2. M/s Newedge Broker

India Pvt. Ltd.
No Inflow
Dilution of the foreign equity participation by way of

introduction of an Indian resident joint venture partner.

3. M/s Whats On India
Media Pvt. Ltd.
Induction of foreign equity to undertake the activity of

TV channel for up-linking a non-news and current affairs
TV channel.
2.24
4. M/s Hay House Publishers Ex-post facto approval for increasing the foreign equity
Pvt. Ltd.
participation in a company engaged in the printing of
foreign books and its distribution in India.
3.21
5. M/s Zee Entertainment

Enterprises Ltd
Nil
TELECOMMUNICATIONS
6. M/s Asergis Telecom
Services Pvt Ltd.,
Bangalore
2.
Transfer of equity shares to non resident to undertake

the activities of Voice Mail/Audio text.
0.01

Sl.
No
1. M/s Falcon Tyres Ltd.,
Induction of foreign equity by Overseas Corporate Body to carryout the
Karnataka
activity of manufacturing.
2. M/s Jet Airways India Ltd. Equity investment through the Qualified Institutions Placement (QIP)
route.
3. M/s GMR Airports
Holding Limited,
Bangalore
4. M/s Pran Beverages

5. M/s Southern CNG

Ltd., Kolkata
3.
6. M/s Telecordia
Technologies Inc. USA
Review of cancellation of Original FC approval.
7. M/s Flagship
Mumbai
Ex-post-facto approval for issuance of warrants.

Sl.
No
1. Mr. Samir V.Mehta,
To set up a Limited Liability Partnership (LLP) in India in conjunction with
Mumbai
non-resident partners.
2. M/s Shriram Capital
Limited, Chennai
3. M/s CNI Enterprise (India) To make an amendment in the extant FC approval.

Pvt. Ltd.
4. M/s Quantium Solutions To make an amendment in the FC approval and expand activities to
International Pte Limited courier service.
5. M/s Dudheshwar Nath
Steel Pvt. Ltd.
To issue and allot equity shares against the advance money towards
exports to carry out the business of manufacturing MS steel ingots.
*****
No. 12(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
North Block, New Delhi-110 001
Dated, the 12th June, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB)

in its meeting held on 8th June, 2007, Finance Minister, Shri P. Chidambaram has
approved 17 proposals of Foreign Direct Investment amounting approximately to Rs.
122.308 crore. The proposals relate to Ministries/Departments, namely, Biotechnology,
Commerce, Defence Production, Heavy Industry, Information & Broadcasting,
Information Technology, Posts, Tourism, Urban Development, Telecommunications and
Economic Affairs. The major investment proposals pertain to the Ministries/Departments
of Commerce, Urban Development and Telecommunications.
( D.K. Singh)
Director (Inv. & FIPB )
Tel. No. 2309 2883

e-mail id: dk.singh@nic.in
Fax No. 2309 2477
To
Deputy Director General ( M&C)
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS (FT)
NIC (DEA)
DIPP (FDI-Data Unit)
NOTICE
Applicants who want to get their approval letters collected
personally are requested to send their requests latest by 5.00 P.M.
on 14th June, 2007 at Fax No. 2309 4084. No further requests will
be entertained later and the approval letters would be sent by
SPEED POST.
The person who comes to collect the approval letters should be
properly authorized by the authorized signatory of the applicant or
the consultants of the company, if they have been authorized by the
company.
( D.K. Singh )
Director ( Inv. & FIPB)

Sl. No.
FDI/NRI inflows
(Rs. In crore)
COMMERCE
1.
M/s. Kerstin Rohrig Bendorf, To set up a Wholly Owned Subsidiary to
0.05
Germany & Mr. Jean Pierre undertake export trading, involving sourcing
Avantario of France
the products from SSI units
2.
M/s.
Amalgamated Induction of foreign equity up to
Plantations Pvt. Ltd, Calcutta.
35
20% to IFC by way of issue of fresh

shares of the company engaged
in the business and operations of
tea plantations, horticulture,
pisciculture, floriculture and
cultivation of vegetables.
DEFENCE PRODUCTION
3.
M/s. B.F. Utilities Ltd., Pune
4.
To set up a new JV with a foreign

equity of upto 26%, by Singapore
Technologies Kinetics Limited, to
undertake defence production
related activities.
M/s. HBL ELTA Avionics To undertake additional activities

Systems Pvt. Ltd., Hyderabad relating to defence electronics by
6.5
No fresh inflow
the company in collaboration with

IAI-ELTA, having 26% equity in the
company.
HEAVY INDUSTRY
5.
M/s. Manitowoc Crane Group Induction of foreign equity upto
Asia Pte Ltd., Singapore
100% by way of acquisition of a
0.99
company, M/s Shirke Construction

Equipments Private Limited, Pune
engaged in manufacture of tower
cranes. Proposal attracts Press Note
1 (2005 series).
6..
M/s. D.E.Shaw Composite Induction of foreign equity upto 18% 0.8780
Investment
(Mauritius) by way of subscribing to fresh issue
Limited, Mauritius.
of shares in Amar Ujala Publications

Limited, a company engaged in
engaged in Publication of Hindi
news paper.
POSTS
M/s. First Flight

Couriers Ltd,
Mumbai
4.12
Induction of foreign equity
upto 27.74% of the proposed
equity of the company on a
preferential basis and by way
of private placement from
M/s. Dunearn Investment
(Mauritius) Pte. Ltd. The
company is engaged in
courier services.
TOURISM
8
M/s. Carlson
Hotels Asia
Pacific Pvt. Ltd.
Australia
Investment of upto 26% in the 2.6

equity of a JV company, M/s
Elbrus Builders Pvt. Ltd.
engaged in a hotel project in
NOIDA. The JV partners are
Unitech, Lavenders and
Colossal Builders. Proposal
attracts Press Note 1 (2005
series).
URBAN DEVELOPMENT
9
M/s. Starlight
Real Estate
(ASCOT)
Mauritius Ltd,
Mauritius
To set up a wholly owned

holding company to make
downstream investments in
various construction
development projects
including hotels, hospitals,
industrial parks, SEZ etc.
42.00
BIOTECHNOLOGY
10
M/s. Shantha
Biotechnics Ltd
HEAVY INDUSTRY
3.20
Transfer of shares from
resident to non-resident and
fresh issue of shares.
Company undertakes the
activities related to
recombinant DNA based biotech product.
Manufacture and marketing No fresh inflow

of additional items, some of
which are reserved for SSI
sector.
11
M/s. Delta
Energy Systems
(India) Pvt. Ltd.
12
No fresh inflow
M/s. Nord Drive Amendment of existing
systems Ltd.
approval by change in the
restriction on minimum import
conten.t
13
M/s. Value
Source
Technologies
Pvt. Ltd.
Transfer of shares from NRI to No fresh inflow

NR who made the original
investment in rupee currency.
TELECOMMUNICATIONS
14
M/s. Quipo
20% additional FDI by D.B.
telecom
Zwirn Special Opportunities
Infrastructure Ltd Fund, New York, in the
company engaged as
Infrastructure Provider IP-I
category.
20.00
15
M/s. I-Velozity
Inc. USA
To establish a WOS to
undertake developing
software to provide
Interactive content on
demand service.
2.25
ECONOMIC AFFAIRS
16
M/s.
Inverness Induction of foreign equity
upto 100% in a company
Medical
Innovations, Inc., working as SSI Unit engaged
in business of diagnostic kits
USA
etc. Proposal also involves
share swap.
0.14
COMMERCE
17
M/s. Khanna
Speciality Retail
and Distributors
Pvt. Ltd
Foreign equity upto 51% in a 4.58

newly incorporated company
to be engaged in retail
trading of single brand
HERMES products.
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe15thJuly,2008
PRESSRELEASE
heldon8thJuly,2008,FinanceMinister,ShriP.Chidambaramhasapproved12ProposalsofForeign
Direct Investment amounting to Rs. 354.13 Crore approximately. The proposals relate to
Ministries/Departments, namely Commerce, Information Technology, Road Transport & Highways,
FinancialServices,IndustrialPolicy&Promotion,MinesandTelecommunication.
(PrabodhSaxena)
Director(FIPB)
23093558
Email:prabodh.saxena@nic.in
To
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
requestlatestby5.00P.M.on16thJuly,2008atFAXNo.23094084,23092477,23093558.Nofurther
requestswillbeentertainedlaterandtheapprovalletterswouldbesentbySPEEDPOST.
(PrabodhSaxena)
Director(FIPB)
23093558
08.07.2008
Following12(twelve)caseshavebeenapproved.
No.
FDI/NRIinflows
(Rs.Incrore)
COMMERCE
1 M/sHammondHardware TosetupaJVCompanywithaforeignequityof51%to
Pvt.Ltd.,NewDelhi
manufactureitemsreservedforsmallscalesector.
0.55
ECONOMICAFFAIRS
2 M/sConsulting
EngineeringServices
(India)Pvt.Ltd.,Delhi
To induct foreign investment in operating company and

tomakedownstreaminvestment.
Notindicated
INFORMATIONTECHNOLOGY
3 M/sKLGSystelLtd.,
Gurgaon
Ex Post Facto approval for issue and allotment of

warrants exchangeable with and equivalent number of
equity shares to certain NonResident investors in the NoFreshInflow
Business of Software Development and IT enabled
services.
4 M/sCostalProjectsPvt.
Ltd.,Hyderabad
holding company and continuation of the equity
participation.
160.00
COMMERCE
5 M/sAvnetIndiaPvt.Ltd. Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
holdingcompany.
ECONOMICAFFAIRS
6 M/sStandardChartered Acquisition of additional equity either in the form of
Bank(Mauritius)Ltd.
Compulsorilyconvertiblepreferencesharesorbywayof
equitysharesandConversionofoperatingcompanyinto
an operating cum holding company. Proposal also
19.45
FINANCIALSERVICES
7 M/sUniconFinancial
Intermediaries(P)Ltd.
To increase the foreign investment in the holding

company. The company is engaged in the commodity
broking stock broking and other permitted nonbanking
financeactivity.
120.00
8 M/sMarubeni(I)Pvt.Ltd. Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
holdingcompanytomakedownstreaminvestment.
INFORMATIONTECHNOLOGY
9 M/sAurionproSolutions To issue equity shares and convertible warrants.
Ltd.
Transferofsharesbywayofshareswap.
53.65
MINES
10 M/sRioTintoExploration Deletionofconditioninlieuofpara3ofPressNote7of
NoFreshInflow
IndiaPvt.Ltd.
2008,initiallystipulatedbyFIPB.
TELECOMMUNICATION
11 M/sMarconi
Telecommunication(I)
Pvt.Ltd.
To issue and allot equity shares against the trade

payables taken over on account of import of materials, NoFreshInflow
goodsandservices.
12 M/sSingtelAustralia
HoldingsPteLtd.,
Singapore
SettingupofJointventurecompanywithaforeignequity
up to 74% to undertake telecom services. Proposal
attractsPressNote1of2005series.
2.
0.48
Thefollowing8(eight)proposalshavebeendeferred:
No
1 M/sG4SCorporate
Conversion of existing status of operating company into foreign owned
ServicesIndiaPvt.Ltd.,
IndianHoldingCompanytomakedownstreaminvestment.
Gurgaon
2 M/sWinsomePropbuild Changeofstatustooperatingcumholdingcompanytomakedownstream
Pvt.Ltd.,NewDelhi
investment.
3 M/sG.P.RealtorsPvt.
Ltd.,NewDelhi
Changeofstatustooperatingcumholdingcompanytomakedownstream
investmentinpermittedactivities.
4 M/sGeldConsultancy
ServicesPvt.Ltd.,
Mumbai
To set up JV to carry out the activities of Global Positioning System

Hardware&Softwareandservicesandrelatedequipmentfields.
MauritiusPvt.Ltd.
To increase in foreign shareholding from 50% to 74%. The company is

engagedinTobaccosector.
6 M/sEZYInfosoftPvt.Ltd., Conversion of operating company into an operating cum holding

Chandigarh
company,transferofsharesbywayofshareswap.Proposalalsoattracts
PressNote1of2005.
7 M/sElkenInternational
(I)Pvt.Ltd.
Toundertakecashandcarrywholesaletradingfortheactivitiesforwhich
approvalfortestmarketingwasalreadyobtained
8 M/sDelightInvestments InductionofforeignequityintwoIndiancompaniesandtoconverttheir
PteLtd.,Singapore
statusfromoperatingcompanyintooperatingcumholdingcompanyfor
makingfurtherdownstreaminvestments
3.
Thefollowingone(1)proposalhasbeenrejected:
Sl.
No
Nameoftheapplicant
1 M/sFreedomOpthaimic Issueof40%equitysharestotheNRIunderthesinglebrandretailtrading.
Pvt.Ltd.
4.
TheproposalofM/sHughesCommunication(India)Ltdhasbeenadvisedtoapplyafreshaspernew
policyguidelinesintelecomsector.
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe14thAugust,2008
PRESSRELEASE
heldon8thAugust,2008,FinanceMinister,ShriP.Chidambaramhasapproved9ProposalsofForeign
Ministries/Departments, namely, Commerce, Economic Affairs, Health, Industrial Policy &
Promotion,Information&Broadcasting,Petroleum&NaturalGas.
(PrabodhSaxena)
Director(FIPB)
23093558
To
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
request latest by 5.00 P.M. on 18th August, 2008 at FAX No. 23094084, 23092477, 23093558. No
(PrabodhSaxena)
Director(FIPB)
23093558
08.08.2008
Following9(Nine)caseshavebeenapproved.
No.
FDI/NRIinflows
(Rs.Incrore)
COMMERCE
1 M/s.SondexA/S,
Denmark
TosetupaWOS.TheProposalattractsPressNote1of
2005series.
2.18
ECONOMICAFFAIRS
2 M/s.OrientGreenPower Change of status from operating company to operating
CompanyLimited,
cumholdingcompanytomakedownstreaminvestment. NoFreshInflow
Chennai
3 M/s.J.P.MorganIndia
PropertyMauritius
CompanyII,Mauritius
Tosubscribetoequitysharesandtoactasanoperating
cum holding company for downstream investments in
hotel,hospitalityandhospitalityservicesector.
99.99
TosetupaJV.Thecompanyisengagedinmanufacture
of High Quality Reagents for Hematology Analyzers for
distributionandsale.ProposalattractsPressNote1of
2005.
0.66
HEALTH
4 M/s.SpanDiagnostics
Ltd,Surat
5 M/s.RioTintoSingapore The company is engaged in the manufacturing of
HoldingsPte.Ltd.
activated alumina. Proposal attracts Press Note 1 of
Singapore
2005.
148.57
6 M/s.HathwayCable
SystemsPvt.Ltd
To issue Compulsorily Convertible Debentures (CCDs).

The company is engaged in Cable TV Services as
multimedia system operator and as internet Service
ProvidercategoryAlicensee.
43.06
PETROLEUM&NATURALGAS
7 M/s.Berkeley
TodeletedivestmentconditionoftheFCapproval.The
PetrochemicalsPvt.Ltd. company is engaged in the activity of trading in NoFreshInflow
importedlubricants,fueladditivesandengineoils.
ECONOMICAFFAIRS
8 M/sWinsomePropbuild Change of status to operating cum holding company to
NoFreshInflow
Pvt.Ltd.NewDelhi
makedownstreaminvestment.
9 M/s.G.P.realtorsPvt.
Ltd.NewDelhi
Change of status to operating cum holding company to

NoFreshInflow
makedownstreaminvestmentinpermittedactivities.
2.
TheproposalofM/sHindalcoIndustriesLtd.,Mumbaihasbeenadvisedtoaccessautoroute.
3.
Thefollowing6(Six)proposalshavebeendeferred:
No
1 M/s.McLeodRusselIndia To increase in the limit of total holdings ;of all FIIs/subaccounts of FIIs,
Limited,Kolkata
puttogether,from24%ofthepaidup(i)capitalofthecompanyto40%of
thepaidupcapitalofthecompany;and(ii)valueofrespectiveseriesof
convertibledebenturesofthecompanyto40%ofthepaidupvalueofthe
respective series of convertible debentures of the company. The
companyisengagedingrowing,manufacturingandsellingofbulktea.
2 M/s.PridhviAsset
Reconstructionand
SecuritizationCompany
IssueofsharestoNRIs.ThecompanyisengagedinAssetReconstruction
andSecuritisationactivities.
3 M/s.InunitU.S.Holdings To acquire equity share capital through multiple stock market

Inc.USA
transactions.
4 M/s.TutorvistaGlobal
Expost facto approval for conversion of operating company into an
PrivateLimited,Chennai operatingcumholdingcompany.
5 M/s.AdityaBirlaTelecom (i) To issue and allotment of compulsorily convertible preference shares
andanyequityshares(takingintoaccountanyadjustmenttobemadeas
a result of any share splits, consolidations etc.) issued pursuant to the
conversion of such compulsory convertible preference shares; (ii) the
enhancementoftheforeigninvestmentlimitto74%;and(iii)toactasan
operatingcumholdingcompanyandmakedownstreaminvestments.
6 M/s.ABNAMRO
To enlarge the services by offering value added financial services (non
Securities(India)Pvt.Ltd. fundbased)totheirclients(bothindividualandinstitutional)
4.
Thefollowingtwo(2)proposalshavebeenrejected:
Sl.
No
Nameoftheapplicant
1 M/s.ForumSynergies
(i) To accept contributions from the offshore Entity under the foreign
IndiaPEFundManagers directinvestmentrouteandtoissueClassBUnitsandClassCUnitstothe
P.Ltd.Bangalore
OffshoreEntity,
(ii)TosubscribetoUnitsinconsiderationofcontributionofassetsatthe
determined fair value, (iii) To make investments in existing securities of
the Indian companies in which FDI is permitted, and (iv) To distribute
income realized on investment under the automatic route, subject to
paymentofapplicabletaxesinIndia.
2 M/s.EZYInfosoftPrivate Conversion of operating company into an operating cum holding

Limited,Chandigarh
company,transferofsharesbywayofshareswap.Proposalalsoattracts
PressNote1of2005.
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated September 08, 2009
PRESS RELEASE
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
4.
August 28, 2009
Following 09 (Nine) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
ECONOMIC AFFAIRS
1 M/s Mundus Real Estates To repatriate the amount received from the foreign
investor to undertake construction development
Pvt. Ltd., Margao
activities, as the foreign investor cannot provide the
balance amount to meet the minimum capitalization
norms.
No Fresh Inflow
2 M/s Ramboll Whitbybird

Holdings Ltd., UK
Ex-Post-facto approval of the prior foreign equity

participation by virtue of the acquisition in 2007 subject
to Press Note 1/2005.
16.00
3 M/s Alpari Forex (India)

Pvt. Ltd.,Ahmedabad
To undertake commodity broking and currency future

derivatives.
No physical
inflow.
To undertake the activities of Test Marketing of

fabricated metal products, parts and accessories for
electrical industrial machinery and apparatus.
0.01
HEAVY INDUSTRY
4 M/s Rescal S.A.S France
MICRO SMALL AND MEDIUM ENTERPRISES

5 M/s Amann Sewing &
Embroidery Threads Pvt.
Ltd., Chennai
To set up a Wholly Owned Subsidiary to undertake Test

Marketing activities of Sewing threads.
13.6

6 M/s Ramboll Singapore
Pte. Ltd., Singapore
To set up a Wholly Owned Subsidiary to provide

engineering consultancy services in the field of Oil and
Gas. The proposal attracts Press Note 1/2005.
22.00

7 M/s Housing
Development Finance
Corporation Ltd.
To issue and allot warrants and to QIBs on a QIP

basis in accordance with the provisions of Chapter
Not indicated
XIII- A of the SEBI.

To increase the foreign equity participation from 40% to

49%.
23.00
9 M/s Marconi
Telecommunications
(India) Pvt. Ltd.
2.
To issue shares to its parent company against trade

payable by it.
Nil

No
Induction of investment from Indian company on behalf of a Foreign
1 M/s Maharishi Solar
Technology (P) Ltd., New company on account of an arbitration proceeding.
Delhi
2 M/s Shree Meenakshi
Food Products Pvt. Ltd.,
Mumbai
To issue equity shares to undertake manufacturing of Pan Masala and other

tobacco Products.
3 M/s Futuristic Diagnostic Ex-post facto approval for foreign investment in the company engaged in
Imaging Centre Pvt. Ltd., manufacturing of medical radioisotopes & Nuclear Medicine/Cancer
Bangalore
Imaging Centre.
4 M/s Nova Integrated
Systems Ltd., Mumbai
To issue fully and Compulsorily Convertible Debentures (CCDs)/ Equity

Shares, for undertaking manufacturing and marketing of defence
equipment.
5 Mr. Alan Ian Sanderson & To acquire 100% capital for the business of advertisement along with
Mrs. Sandra Lesley Diane publication of Directories, Yellow Pages, Journals.
Day, UAE
6 M/s Jaipur IPL Cricket Pvt. To induct 100% foreign equity by way of issue of shares for consideration
Ltd., (JIPL), Mumbai
other than cash inflow.
7 M/s Opto Circuits (India)
Limited, Bangalore
Preferential issue of Convertible Warrants under SEBI (DIP) guidelines.
8 M/s Vyoneesh
Delhi
To set up a Joint Venture Company with 26% foreign equity for

manufacturing, designing, etc. of Defence related equipment.
9 M/s Shanghai Urban

Construction (Group)
Corporation, (SUCG),
China
To set up a Wholly Owned subsidiary in the field of construction activities,

project construction, industrial investment, trade, etc.
The proposal
attracts Press Note 1/2005.
10 M/s Monsanto India Ltd
For amendment of the extant approval to enable the company to

undertake business activities involving the use of genetically engineered
cells and material.
11 M/s Images Multimedia

Pvt. Ltd.
To issue equity shares to foreign investor to undertake publication of

speciality magazines in the fashion and retail industry, managements of
events focusing on fashion and retail sector.
12 M/s D.B. Corp Ltd.
The company intends to make an initial public offering, including an offer

for sale from existing promoters up to 26% of post-IPO paid up share
capital.
13 M/s Verint System India

Pvt. Ltd.
3.
The following 5 (five) proposals have been rejected:

Sl.
No
1 M/s Dynamic Alternatives To set up a Wholly Owned Subsidiary to carry out the business of Detective
Pty Ltd., Republic of
& Protective Services.
South Africa
2 M/s Aer Rianta
International cpt
To set up a holding company to make downstream investment to pursue

other duty free opportunities.
3 M/s Redington (India) Ltd. (i) To extend the time limit for capitalizing the NBFC and (ii) to undertake
strategic investments in Indian unlisted and listed companies, and to
undertake portfolio investments in Indian listed companies.
4 M/s Goldman Sachs
(Mauritius) LLC
To waive of the condition of Press Note 1 of 2005.
5 M/s Ventureeast Trustee To accept contributions into the Fund under the foreign direct investment
route and to issue Units; and to make investments in securities of the
Company Pvt. Ltd.,
Indian companies.
4.
The following 3 (Three) proposals have been withdrawn from the agenda.
Sl.
No
Item
No.
M/s Italia Wood Interiors Ltd., Ahmedabad
16
Mr. Gagan Verma
26
M/s Gammon Infrastructure Projects Ltd.
5.
The following 6 (Six) proposals have been advised to access automatic route.
Sl. Item
No No.
Name of the
applicant
FDI/NRI
inflows (Rs.
In Crore)
To acquire equity shares either by itself or through its

6 M/s Simulmedia
Inc. Delaware, USA affiliates, subsidiaries or group companies under the
provisions of Press Note 4 of 2009 to carry on the business
of research, design and development of systems and
applications software and hardware relating to emerging TV
technologies.
0.01
7 M/s Network18
Media &
Investments Ltd.,
Delhi
To induct foreign equity by way of subscribing to equity

shares and to permit the non resident investment limit
(including FDI, FII, NRIs, ADRs, ADS, GDRs, FCCBs etc.) upto
49% of the fully diluted paid up capital.
119.63
10 M/s Fishman Realty

Management
Services India Pvt.
Ltd., Delhi
To issue equity shares/fully convertible debentures to

carryout the business of advisory services on project
construction, project designing, project planning, project
marketing and project supervision in India.
0.019
11 M/s Energee Realty To issue equity shares / fully convertible debentures to

Ventures Pvt. Ltd., carryout the business of construction development
Mumbai
projects.
0.96
To set up a new Joint Venture company with a foreign

18 M/s Omega
Foundry Machinery equity of 50% as a small scale industrial unit.
Ltd., UK
0.005
24 M/s Qatar General To increase foreign equity upto 62% for operating and
Petroleum
providing Helicopter services
Corporation
0.52
6.
initial approval was granted by CCEA.
Sl. Item
No No.
1
Name of the
applicant
33 M/s Daimler AG
Ex-Post-facto approval for increase in the foreign

equity participation to 100%.
****
FDI/NRI inflows (Rs. In

Crore)
78.48
No.11(1)/2008FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the 8th October, 2008
PRESS RELEASE
held on 30th September, 2008, Finance Minister, Shri P. Chidambaram has approved 16 Proposals of
Foreign Direct Investment amounting to Rs. 794.37 Crore approximately. The proposals relate to
Ministries/Departments, namely, Commerce, Tourism, Economic Affairs, Information & Broadcasting,
and Heavy Industry.
Sd/
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
4.
30.09.2008
Following 16 (Sixteen) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s. Sikora India Limited, To undertake trading of hitech items which require
New Delhi
sophisticated and specialized after sale services and
some degree of trading of new products as well as of
spare parts.
2 M/s. Persistent Systems
Ltd, Pune
No Fresh Inflow
PostFacto approval for conversion of operating

company into an operating cum holding company to
make downstream investment.
4.97
3 M/s. Astellas Pharma Inc. To set up a wholly owned subsidiary to carry out sales
Japan
and marketing activities for its pharmaceutical products.
16.00
DEFENCE PRODUCTION
4 M/s. Speck Systems Ltd., To regularize FIIs investment made earlier in Defence
Sector.
Hyderabad
No Fresh Inflow
TOURISM
5 M/s. Rossell Tea Ltd,
Kolkata

10.25
ECONOMIC AFFAIRS
Transfer of shares from NRI to OCB in projects engaged
6 M/s. LMB Holding
(Mauritius) Ltd, Mauritius in the activities of Downlinking.
No Fresh Inflow
7 M/s. Fxlabs Studios Pvt.

Ltd. Hyderabad
No Fresh Inflow
8 M/s. Samson Maritime

Ltd, Mumbai
Issue of warrants to be converted into equity shares to

carry out the activities of (i) owning and leasing of
various types of offshore supply vessels, tugs, anchor
handling vessels and barges and (ii) providing offshore
logistic and support services, port and terminal services,
towing, diving and salvage operations.
9 M/s. Recorder & Medical Transfer of shares by way of share swap.

Systems (P) Ltd.
25.00
No Fresh Inflow
Chandigarh
10 M/s. DM Healthcare Pvt. Conversion of operating company into an operating cum

Ltd. Cochin
holding company to make downstream investment.
Proposal also attracts Press Note 1 of 2005.
50.00
11 M/s. Bhaskar Exxoils Ltd Conversion of operating company into an operating cum
100.00
12 M/s. Luxury Brands Retail Conversion of operating company into an operating cum
Pvt. Ltd. Mumbai
No Fresh Inflow
13 M/s. Neha International

Ltd.
Issue of warrants to carry out the business of growing

and exporting of cut flowers specially roses.
8.40

14 Asianet Communication
Ltd.
ExPostFacto approval to regularize FII Investment.
15 M/s. Shalom
Communications Ltd.
Postfacto approval to retain NRI investment. The

company is engaged in the installation of satellite
channels for production, telecasting and networking of
television programme.
No Fresh Inflow
Induction of foreign equity by way of subscribing to fully

and compulsorily convertible debentures and conversion
of operating company into an operating cum holding
company.
590.00
No Fresh Inflow
HEAVY INDUSTRY
16 M/s. Asia Motorworks
Holdings Ltd, Mumbai
2.
The following 8 (Eight) proposals have been deferred:

No
1 M/s. ZF Friendrichsafen To set up a new Joint Venture Company for manufacturing and marketing
AG, Germany
of rubber and rubbertometal parts for automotive industry, agriculture
and construction machinery, railway and construction application. The
2 M/s. Yellowfin Holdings
Ltd., Mauritius
To set up a WOS to carry out the activity of publishing printed magazines

(not being newspapers and periodicals dealing with news and current
affairs).
3 M/s. Adani Power

Limited, Ahmedabad
PostFacto approval for conversion of operating company into an

operating cum holding company to make downstream investment.
4 M/s. Asset
Induction of a new foreign collaborator and increase in the foreign equity
Reconstruction Co. (India) participation from 5% to 14.66% in the Asset Reconstruction.
Ltd.
5 M/s. Equant Network
To carry out the additional activities of getting internet service provider

(ISP) with gateway (both for satellite and submarine cables).
6 M/s. XCEL Telecom Pvt.

Ltd.
Transfer of shares from NonResident to another NonResident in the

Telecom sector.
7 M/s. Amar Ujala

Publications Ltd.
Amalgamation of two companies consequent upon the order of Honble

High court and induction of fresh FDI
8 M/s. Krishnapatnam Port Postfacto approval for the FDI already brought in under automatic route,
Company Ltd, Hyderabad which otherwise requires FIPB approval and to make downstream
investments in companies and/ or to establish subsidiaries in future.
3.

Sl.
No
1 M/s. Mahindra Defence

Systems, New Delhi
To set up JV company to develop, manufacture and provide through life

service support for Land Systems defence equipment on the terms and
conditions set out in the license to be issued by the DIPP pursuant to
4.
2 (Two) proposals Viz., M/s. ABNAMRO Securities (India) Pvt. Ltd. and M/s Tata Motors Ltd.,
Mumbai advised to access automatic route
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on September 18, 2012, Government has approved 14 Proposals of Foreign Direct Investment
Sd/(P.K. Bagga)
OSD (CM&I)
Tele: 23094172
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 18.09.2012
Following 14 (Fourteen) proposals have been approved.
No.
FDI/NRI
inflows
(` In crore)
CONSUMER AFFAIRS
1 M/s Alburaq Trading Induction of foreign equity into an LLP which deals in
LLP, Maharashtra
rice, black pepper, coffee, milk etc and other ancillary
business.
0.40
ECONOMIC AFFAIRS
2 M/s Neo Capricorn
Plaza Pvt. Ltd.,
Mumbai
3 M/s Cardo India Pvt.
Ltd., Mumbai
Post-facto approval for issue of partly paid up shares to

11.87 (already
carry out the business of construction of five star hotels.
brought)
Infusion of foreign investment into the Indian company
which does not have any operations and also does not
have any downstream investments.
1.30
ELECTRONICS & INFORMATION TECHNOLOGY

4 M/s Egon Software
Pvt. Ltd., Pune
Ex post-facto approval for issue of partly paid up shares

to carry out the business of IT & ITES enabled services.
2.23 (already
brought)

5 M/s Harkness
Screens India Pvt.
Ltd., Bangalore
6 M/s Global Fairs &

Media Private
Limited, Delhi
Conversion of a company into an LLP, which is

engaged in the business of manufacturing, dealing in
importing /exporting all types of films, cinema and
projection screen surfaces, customs screens and allied
products.
To undertake an additional activity of publishing
speciality periodicals/magazine.
Nil
Nil
HEALTH & FAMILY WELFARE

7 M/s TherDose
Pharma Pvt. Ltd.,
Hyderabad
8 M/s Prime Surgical
Centers Private Ltd.,
Pune
Post facto approval for transfer of shares to carry out

the business of manufacturing of pharmaceutical No fresh inflow
preparations.
To set up an LLP to carry out the business of
establishing and managing short stay surgery centres in
14.00
India with its flagship centre in Pune.
PHARMACEUTICALS
9 M/s Calyx
Chemicals and
Pharmaceuticals
Limited, Mumbai
Post facto approval for the preferential allotment of

equity shares to carry out the business of manufacturing
of active pharmaceuticals ingredients and intermediates
in India and manufacture of macrolides, antituberculosis and anti-depressants and manufacturing
services to transnational pharmaceutical companies.
3.07
CONSUMER AFFAIRS
and Offshore
Enginerring
Company Ltd.
11 M/s Hay House
Publishers (India)
Pvt. Ltd.
Increase in foreign equity by way of issuance of FCCBs

to carry out the business of shipbuilding, ship repairs,
offshore assets production etc and production of
ships/vessels including for defence sector.
Deletion of the condition relating to compounding. The
company is engaged in printing of foreign books in
India and distribution in India of foreign books, deck
cards and audios, on various literary, social, health,
agricultural, medical rural and all non political subjects
Not indicated
Nil

12 M/s Scribble Media Induction of foreign equity to carry out the business of
& Entertainment Pvt. publication of evening news publication titled Post
Ltd., Hyderabad
Noon.
2.5
PHARMACEUTICALS
13 M/s Advanced
Enzyme
Technologies Ltd.,
Maharashtra
14 M/s Dashtag, United
Kingdom
2.
Preferential allotment of shares, to be subscribed by

both Indian and foreign companies and the Indian
holding is proposed to increase. The Indian company is
engaged in the business of pharmaceuticals sector.
Increase in foreign equity to carry out the business of
pharmaceuticals specializing in dermatology, antihistamines, antibiotics and oncology products.
9.76
68.22
The following 9 (Nine) proposals have been deferred:

Sl.
No
Name of the
applicant
1 M/s Aon Holdings

B.V., Netherlands
Post facto approval for induction of foreign equity to carry out the
business of Insurance broking, and risk advisory services.
2 M/s Acebright
(India) Pharma Pvt.
Ltd., Karnataka
Pvt. Ltd., Mumbai
Post facto approval for issuance of equity shares and approval for issue
of further shares to carry out the business of manufacturing of
pharmaceutical ingredients.
4 M/s Adcock Ingram Induction of foreign equity to carry out the business of maintaining
Healthcare Pvt. Ltd., transactional support offices with respect to the healthcare and proposed
Bangalore
pharmaceutical manufacture, marketing and distribution of healthcare
and pharmaceutical products.
5 M/s Multi
Post facto approval for FDI received before issuance of Press Note 2 of
Commodity
2008. The company is engaged in the business of trading in
Exchange of India
commodities.
Pvt. Ltd.
6 M/s Augere Wireless Post facto approval for capitalisation of the expenses to carry out the
Broadband India Pvt. business of Broadband wireless services, internet services and other
Ltd.
7 M/s Multi Screen
Media Pvt. Ltd.
television programmes in India languages primarily for export, sale and
distribution of Indian language audio visual production. Downlink
certain TV channels.
8 M/s KSK Energy

Ventures Ltd.
9 M/s Deutsche
Investments India
Private Limited,
Mumbai
3.
The Delhi High Court, vide Order dated 1.8.2012, have disposed off the
matter with the direction that the application dated 2.3.2012 of M/s
KSK Energy Company Pvt Ltd filed before the FIPB, has to be
disposed off within 3 months i.e. by 30.11.2012 in accordance with law.
Proprietary trading as a part of tis existing NBFC activities.

Sl.
No
Name of the
applicant
1 M/s Nitor Infotech

Pvt. Ltd., Mumbai
Post facto approval for allotment of equity shares against preincorporation expenses to carry out the business in the field of
information technology, e-commerce, computer software, and software
packages, products, customize software, embedded software, system
tools, information technology products, equipments.
2 M/s ECL
Past facto approval for capitalization of pre-incorporation and preEngineering Services operative expense to carry out the business of providing services to
India Pvt. Ltd.,
aluminium smelter equipments, repair and maintenance of mining,
Odisha
metallurgical equipments.
3 M/s IPsoft
To set up an LLP to provide IT /IT enabled services.
Netherland BV
4 M/s Filtrex
Technologies Pvt.
Ltd., Bangalore
Post facto approval for allotment of shares against (i) technical transfer
fee (ii) management service fee to carry out the business of
manufacturing of Activated Carbon Blocks and Surface Modification of
Activated Carbon Granules used in Water Purification Industries.
5 M/s Endurance
To set up an LLP to carry out the business of web hosting, domain
International Group names and related services and other online applications and services
Inc., USA, M/s
such as website design, email services, project management and website
Endurance Singapore security.
Holdings Pte. Ltd.,
Singapore
6 M/s Atlas Equifin
Conversion of non repatriable investment into repatriable investment
Pvt. Ltd., Mumbai
made by an erstwhile OCB and investment under rights issue in an
investing company.
7 M/s British Marine To issue equity shares equivalent to the net purchase consideration
India Pvt. Ltd.,
payable to Branch office of the foreign company.
Mumbai
*****
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 22nd April , 2008.
PRESS RELEASE
meeting held on 9th April, 2008, Finance Minister, Shri P. Chidambaram has approved 13
proposals relate to Ministries/Departments, namely Commerce, Heavy Industry, Industrial Policy
& Promotion, Information & Broadcasting, Road Transport & Highways and Defence Production.
The major investment proposals pertain to the Ministries/Departments of Heavy Industry,
Information & Broadcasting and Road Transport & Highways.
Sd/( P.K. Bagga)

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 23rd April, 2008 at
Sd/( P.K. BAGGA )

OSD(CM & I)
TheFollowing(13)caseshavebeenapproved.
Sl.No.Nameofthe
applicant

1 M/s.T.S.Tech Tosetupanewjointventurecompanytoundertake
Co.Ltd.Japan themanufactureofseatsandinteriorofdoorsfor
cars.ProposalattractsPressNote1(2005series)
HEAVY INDUSTRY
2 M/s.CYMyutec TosetupanewJointventurecompanytoundertake
AutomotiveIndiathemanufactureofSynchronizerring.Proposal
PrivateLimited, attractsPressNote1(2005series)
Chennai
3 M/s.Toyoda
TosetupanewWOStoundertakethemanufacture
GoseiCo.Ltd. ofAutomobileSafetySystems,BodySealingand
Japan
SteeringParts.ProposalattractsPressNote1(2005
series)
4 M/s.Hachette InductionofforeignequityintoIndiancompany
LivreUK(Euston engagedinthebusinessofprintingandpublishingof
Road)Ltd,UK books,periodicalsandjournalsetc.
5 M/s.Zoom
Inductionofforeignequityinacompanyengagedin
Entertainment uplinkingandbroadcastingnonnewsandnon
NetworkLtd,
currentaffairstelevisionchannels
Mumbai
6 M/s.Lesea
Toundertakeadditionalactivityrelatingtodown
Broadcasting
linkingactivities.ThecompanyhasexistingFDIand
IndiaPvt.Ltd. thereisincreaseinpaidupcapital.
NewDelhi
7 M/s.Goldman Inductionofforeignequitybywayofsubscribingto
Sachs(Mauritius)preferentialequitysharesand/orcompulsorily
NBFCLLC,
convertiblepreferenceshares.Thecompanyis
Mauritius
engagedinNBFCactivities.ProposalattractsPress
Note1(2005series)
8 M/s.VRL
InductionofforeignthroughIPO.Thecompanyis
LogisticsLtd,
engagedintransportationofgoods,aircraftcharter
Bangalore
etc.andcourierservices
COMMERCE
9 M/s.eSys
Toundertakeadditionalactivitiesoftradingandalso
Information
bysourcingfromsmallscalesector
TechnologiesLtd.
10 M/s.TechnocraftPostfactoapprovalfortheForeigninvestment
MediaPvt.Ltd. alreadybroughtinanIndiancompanyengagedinup
linkingofnewsandcurrentaffairschannel
FDI/NRI
inflows(Rs.In
crore)
15.00
11.84
45.00
0.01
120.00
0.44
199.25
225.00
Nofresh
inflow
Nofresh
Inflow
11 M/s.Springer DeletionofclausewithregardtoRoyaltyinthe
(India)Pvt.Ltd. existingapproval
Nofresh
Inflow
ROAD TRANPSORT & HIGHWAYS

12 M/s.Rewa
Inductionofforeignequityinacompanyengagedin 40.00
TollwayPrivate construction,strengthening,wideningand
Limited
rehabilitationofhighwaysroads.Proposalattracts
PressNote1(2005series)
DEFENCE PRODUCTION
13 M/s.Alpha
Inductionofforeignequityupto26%toundertake
0.4680
productsrelatingtoDefenceSectorbesidesother
Elettronica
DefenceSystemsactivities
Pvt.Ltd.
Bangalore
Total
Rs.657.01
2.
Thefollowing(5)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameofthe
applicant
1
M/s.ECO
IssueofsharesofthecompanyinlieuofpaymentsmadebyNRIs
NirmanPvt.Ltd.
2
M/s.Peak
Issueofsharesinlieuofcapitalizationofpre
Database
SolutionsPvt.
Ltd.Mumbai
3
M/s.Peak
Issueofsharesinlieuofcapitalizationofpre
Database
Alliance
ServicesPvt.
Ltd.Mumbai
4
M/s.Ashwini
Inductionofforeignequitybeyond24%inasmallscaleindustrial
SteelPvt.Ltd. unit.ThecompanyisnotengagedinanySSIreservedactivity
5
Increaseinforeignequityfrom40%to73.45%inacompanyengagedinILD
M/s.Meta
andNLDServices
TelecomPvt.
Ltd.NewDelhi
3.Thefollowing(2)proposalhasbeenrejected:
Sl.No Nameofthe
applicant
1
M/s.future
Inductionofforeignequityupto49%byFIIs,NRIs,FVCIs,multilateral
VenturesIndia andbilateraldevelopmentfinancialinstitutionsandothereligiblenon
Ltd,Mumbai
residentsinacompanyproposedtobeengagedinmaking
investmentsinequity,equityrelatedand/orothersecuritiesinlisted
andunlistedcompanies
M/s.Starlight
RealEstate
(Orlanda)
MauritiusLtd,
Mauritius
Prematurerepatriationofinvestmentbeforethemandatorylockin
periodof3yearsmadeundertheactivitiesrelatingPressNote2
(2005series)
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 15th May, 2008.
PRESS RELEASE
meeting held on 9th May, 2008, Finance Minister, Shri P. Chidambaram has approved 18
proposals relate to Ministries/Departments, namely Heavy Industry, Higher Education, Industrial
Policy & Promotion, Information & Broadcasting, Information Technology, Telecommunications,
Tourism and Economic Affairs.
Ministries/Departments of Heavy Industry, Higher Education, Information & Broadcasting,
Industrial Policy & Promotion and Economic Affairs.
Sd/( P.K. Bagga)

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 18th May, 2008 at
Fax No.2309 4084/2309 2477 No further requests will be entertained later
and the approval letters would be sent by SPEED POST.
Sd/( P.K. Bagga)

OSD (CM & I)
DetailsofproposalsconsideredintheFIPBMeetingheldon9.5.2008
Following Nineteen (18) cases have been recommended for the consideration and
approvalofFM.
Sl.No.Nameofthe
FDI/NRIinflows
applicant
(Rs.Incrore)
HEAVY INDUSTRY
1. M/s.Freightcar
AmericaInc.USA
To set up a new JV to undertake test 78.00

marketing of aluminum railcars besides
otheractivities
2 M/s.Aktiebolaget Induction of foreign equity up to 8.1% by 123.00
Volvo(publ),Sweden way of acquisition of shares. The proposal (US$30million)
(Regn.No.100/2008)attractsPressNote1(2005series)
INDUSTRIAL & BROADCASTING
3 M/s.ThiemeMedical Induction of foreign equity up to 100% in a 0.01
&Scientific
company engaged in publication of
PublishersPvt.Ltd. scientific/technical/specialtymagazines
NewDelhi
/journals/periodicals
4 M/s.Dipti
Induction of foreign equity by way of1.82
PublicationsPvt.Ltd. acquisitionand also by way of subscribing to
freshequitysharesofacompanyengagedin
publishingofspecialtymagazines.
5 M/s.Vision
Regularisation of 0.36% NRI investment In NofreshInflow
CorporationLtd,
the company. The company is engaged in
Mumbai
uplinking nonnews and current affairs
channels
6 M/s.Strika
TosetupaWOStoundertaketheactivities 0.01
EntertainmentIndia of publishing scientific magazines and
PrivateLimited,
specialty journals including sports related
Gurgaon
specialtymagazinesandcomicbooks.
7 M/s.Orissa
Regularizationofindirectforeigninvestment Nofreshinflow
TelevisionLtd,
of7.25%inthecompanyasaresultofFDIin
Bhubaneshwar
theIndiancompanieswhichhaveequity
8 M/s.DVVMedia
IndiaPvt.Ltd.
companyengagedinthepublicationofLOG
Mumbai
Indiaaspecialtymagazine
ECONOMIC AFFAIRS
9 M/s.Greycells
Induction of foreign equity up to 100% by 13.50
Entertainment,
wayofacquisitionofsharespartlybywayof
Mumbai
cashremittancesandpartlybywayofswap
ofshares
10 M/s.RPM
InternationalInc.USA subscribingtowarrantstobeconvertedinto
equity shares. The company is engaged in
thebusinessofmanufacturingofpolymers
HIGHER EDUCATION
11 M/s.Manipal
Induction of foreign equity in a holding
UniversalLearning company.
Pvt.Ltd.
12 M/s.CobraIndian ChangeinthestatusoftheIndiancompany
BeerPvt.Ltd.
from operating company into operating
cumholding company and to make
downstreaminvestmentbywayofacquiring
up to 76% of the paid up capital of M/s.
IcebergIndustriesLimited
TOURISM
13 M/s.BlueRidge
Change in the status of operating company
HotelsPvt.Ltd
intoanoperatingcumholdingcompanyand
to make downstream investments in
permittedactivities
TELECOMMUNICATIONS
14 M/s.VodafoneEssar Conversion of operating company into an
Limited
downstream investment in a company
engagedinIPIcategory
15 M/s.Devas
Expostfacto approval for change in the
MultimediaPvt.Ltd. status of operating company into an
downstreaminvestments
16 M/s.NAVTEQ
TosetupaWOStoundertaketheactivities
Corporation,USA
of developing and distributing digital maps
and related locationbased data used in
mobile navigation systems and other
navigationandGISapplications
17 M/s.HTMedia
Transferofsharesbywayofshareswap
Limited
25.55
1435.00
US$350million
20.50
US$5million
Nofreshinflow
Nofreshinflow
Nofreshinflow
0.41
Nofreshinflow
ECONOMIC AFFAIRS
18 M/s.IndivisionIndia Induction of foreign equity in a company 120.04
Partners,Mauritius engaged in Merchant Banking and other
NBFCactivities
Total
Rs.1820.84
3.Thefollowingtwo(2)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameoftheapplicant
1 M/s.DLFLimitless
Issueofsharesinlieuofpreincorporationexpenses
DevelopersPrivate
Limited,NewDelhi
2 M/s.PepsicoIndia
Deletionofdivestmentconditionextensionoftime
HoldingPvt.Ltd.
foreffectingthesame
The proposal of M/s. Aktiebolaget Volvo (publ), Sweden( Regn. No. 99/2008) has been
recommendedfortheconsiderationofCCEA,astheinvestmentinvolvedintheproposalis
aboveRs.600.00crore.
TheapplicantsintheproposalofM/s.LOTTEConfectioneryCo.Ltd.KoreaandM/s.ICICI
SecuritiesLtd,Mumbaihavebeenadvisedtoaccessautomaticroute,astheproposalsdo
notrequiretheapprovalofFIPB.
The proposal of M/s. RMZ Infotech (Pvt.) Ltd. Bangalore has been withdrawn from the
Agendaontherequestoftheapplicant
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(A.K. Srivastava)
Telephone: 23094979
Fax : 23094084
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 31.05.2010
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)
ANIMAL HUSBANDRY AND DAIRYING

1 M/s Godrej Tyson Foods
Ltd., Mumbai
Induction of foreign equity to expand business and carry

out of poultry parent stock breeding and hatching and
broiler growing in addition to the existing business. The No Fresh Inflow
proposal attracts Press Note 1 of 2005 (now Para 4.2.2 of
Circular No. 1 of 2010 of Consolidated FDI Policy).
COMMERCE
2 Mr. Matteo Basso
3 M/s C&J International
Ltd.
To set up a joint venture for retail trading of designer

apparel under the single brand.
To set up a joint venture for Retail trading of products
under the single brand.
0.49
19.00

4 M/s UTV News Ltd.,
Mumbai
5 M/s Turmeric Vision Pvt.
Ltd., Mumbai
6 M/s Clear Channel
Mumbai, Pvt. Ltd.,
Mumbai

up-linking and broadcasting a news and current affairs
television channel.
originating, aggregating, distributing and operating a 24hour food television channel.
To issue equity shares warrants to be converted into
equity shares to carry out the business of outdoor media.
0.34
122.10
0.04
ECONOMIC AFFAIRS
7 M/s Universal Music India Approval for downstream investment through partly paid
Pvt Ltd.
shares.
Nil

8 M/s SDB Cisco India Ltd.
To make an amendment in the FC approval.

Not indicated
9 M/s Haymarket Media (I) To publish specialist magazines under the title Family
Pvt Ltd.
Physician and FourFour Two.
Nil
10 M/s Eagle Mining

Products Pvt Ltd.
Nil
Extension of time for remittance of balance amount to

their foreign collaborator.

11 M/s Hindustan Media
Ventures Limited, Patna
Induction of foreign investment from non-residents

including FIIs, FVCI and VCF and multilateral and bilateral
development financial institutions and other eligible
foreign investors including pursuant to a private
placement, IPO of equity shares of the Company and/or
transfer of equity shares or other securities convertible
into equity shares.
12 M/s Mid Day Multimedia To make an amendment in the FC approval.
Limited
350.00
Nil
TOURISM
13 M/s DLF Hilton Hotels
Limited
Nil
URBAN DEVELOPMENT
14 M/s Strawberry
Constructions Pvt. Ltd.,
Mumbai
Condo-nation of delay in getting the funds to meet the

minimum capitalisation norms.
25.00
AGRICULTURE & COOPERATION

15 M/s Valuable AG-Bio Pvt
Ltd.
Ex-post-facto approval for issuance of partly-paid equity

shares to carry out the business of Floriculture and
Horticulture including tree nurseries.
15.28
Ex-post-facto approval for induction of foreign equity to

carry out the manufacture of Intraocular Lenses and
other eye care products.
0.40
17 M/s Geomysore Services Ex-post-facto approval for issue of partly paid convertible
(India) Pvt Ltd.
options to undertake minerals exploration, prospecting
and mining for gold nickel, platinum, copper, zinc, lead,
silver, diamonds, iron, chromium and cobalt.
36.76
ECONOMIC AFFAIRS
16 M/s Freedom Opthalmic
Pvt Ltd
MINES
2.
The following 20 (Twenty) proposals have been deferred:

Sl.
No
1 M/s Modi Naturals
To subscribe to optionally convertible warrants based on valuation
Limited, Delhi
parameters prescribed under SEBI (ICDR) Regulations, 2009.
2 M/s ADM Investor
Ltd., UK
3 M/s Alexandria Real
Estate Equities, Inc., USA
To acquire the 100% equity of a company engaged in the business of

commodity broking, and to be categorized as a non-fund based and nonbanking finance company for foreign investment.
To set up of a WOS to operate and manage fully furnished, staffed and
equipped facilities for medical professionals.
4 M/s Sea TV Network

Limited, Agra
Induction of foreign equity to carry out the Cable Networking operations.

Enterprises Ltd
6 M/s Karuturi Global

Limited, Bangalore
Ex-post-facto approval for issuance and allotment warrants to carry out

the business of Floriculture & Food processing.
7 M/s Glencore Grain India To make an amendment in the FC approval.

Pvt. Limited
8 Mr. Samir V.Mehta,
Mumbai

9 M/s Mcnally Sayaji

Engineering Limited,
Kolkat
10 M/s Verizon
Pvt. Ltd.
11 M/s NTT Communications
Corporation
To issue warrants to undertake the business of Engineering equipment.

12 M/s Transcend
Infrastructure Limited
Acquisition of 100% equity to undertake the business of building towers,

acquiring towers for securing management rights of towers for the
purpose of leasing or licensing the shared use of these towers to
communication and broadcasting.
13 M/s Jagran Media
Induction of foreign equity into a company which do not have any
Network Pvt. Ltd., Kanpur operations and also do not have any downstream investments.
14 M/s INX Media Pvt.
Limited
15 M/s Arkadin SAS, France
Acquisition of equity stake up to 60% in the paid up share capital of a

company engaged in the telecom sector.
16 M/s Quantium Solutions To make an amendment in the FC approval.

International Pte Limited
3.
17 M/s Essar Capital

Holdings (India) Ltd.,
Mumbai
18 M/s S Tel Private Limited,
Gurgaon
Acquisition of equity shares by way of subscription to new equity shares

and/or purchase of existing equity shares in an investing company
engaged in the telecom sector.
To issue/allot fully paid-up fresh equity shares to undertake the business
of providing telecommunications services in India.
19 M/s Telcordia
To review the proposal on the request of MHA.
20 M/s Telestra Private

Limited
Increase in the foreign equity from 49% to 74% in the telecom sector.

Sl.
No
1 M/s Shanbagam Estate
Private Limited, Chennai
2 M/s Simplast India Pvt.

Ltd., Delhi
The company is seeking direction of the Board and confirmation vis--vis

the applicability of the FDI regulations under the automatic route to the
activities being undertaken and proposed to be undertaken in the
business of Horticulture/ floriculture.
Ex-post-facto approval for allotment of equity share against debt created
due to payment made for raw material.
3 M/s American Standard

Bath & Kitchen India Pvt.
Ltd., Mumbai
4 M/s General Nice Mineral
Resources (India) Pvt.
Ltd., Chennai
5 M/s Sri Dudheshwar Nath
Steel Private Limited,
Delhi
6 M/s JT International India
Ltd.
Capitalization of post-incorporation expenses.
7 M/s UE Development
India Pvt Ltd.
Allotment of convertible preference shares against the Stand by Letter of

Credit.
8 M/s Allied Moulded

Products Inc.
To set up a WOS to manufacture the Allied Products/have the Allied

Products manufactured by a third party manufacturer and thereafter to
market, promote, sell and distribute, the Allied Products.
Ex-post-facto approval for allotment of equity shares against pre & post
incorporation expenses to carry out the business of power generation.
9 M/s ISNI Electric Power

Company Pvt Ltd.
4.
Ex-post facto approval for the allotment of share against the remittances
received as advance payments toward exports.
To issue and allot equity shares against the advance money towards
exports to carry out the business of manufacturing MS steel ingots.
To increase in foreign shareholding from 50% to 74%.
The following 01 (One) proposal has been advised to access automatic route.
Sl.
No
1 M/s Soma-Isolux NH One Transfer of shares from NR to NR. The company is
Tollway Pvt. Ltd., Gurgaon engaged in the business of construction and
development of Highways.
FDI/NRI inflows
(Rs. In Crore)
Nil
5.
In the following 01 (One) proposal modification of the previous approval has been recommended:
FDI/NRI inflows
No.
(Rs. In Crore)
1
M/s Mitsui & Co. Ltd., To set up a WOS. The proposal attracts Press Note 1 of
Japan
2005 (now para 4.2.2 (and its sub paras) of the Circular No.
1 of 2010 of Consolidated FDI Policy).
326.00
6.
In the following 01 (One) proposal request for revocation of the approval granted earlier has been
rejected:
FDI/NRI inflows
No.
(Rs. In Crore)
1
M/s Tinna Finnex Ltd.
Complaint against NOC submitted under the Press Note 1

of 2005 (now para 4.2.2 of Circular 1 of 2010 - Consolidated
FDI Policy) by the applicant for taking FIPB approval.
*****
Nil
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the August 9, 2010
PRESS RELEASE
(P.K. Bagga)
OSD (CM&I)
23094172
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 30.07.2010
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)
ECONOMIC AFFAIRS
1 M/s Daiwa Securities
Capital Markets Co. Ltd.,
Japan
To set up a WOS to undertake permitted NBFC activities

and Primary Dealership activities.
34.875
TOURISM
2 M/s MPM Hotels Limited,
Hyderabad
Ex-post-facto approval for the issuance of Partly Paid

Equity Shares.
40.84

3 M/s TransUnion
International, Inc.
4 M/s Toyota Tsusho

Corporation
To increase foreign equity from 20% to 27.50% to carry

out the business of the business of sharing of credit
related information on borrowers and potential borrowers
and commercial credit related data and using such data.
To set up a JV company to carry out the business of
manufacture, fabrication and processing of steel products
and components for automobiles. The proposal attracts
para 4.2.2.2 of the Circular No. 1 of 2010 of the
Consolidated FDI Policy.
28.12
30.00

To take note of the demerger and reduction of foreign

equity from 26% to 20%.
Nil
6 M/s Icomm Tele Limited,

Hyderabad
Ex-post-facto approval for induction of foreign equity in

defence sector.
50.00
7 M/s Wipro Ltd.
To undertake additional activity relating to defence sector.
DEFENCE
Nil
ECONOMIC AFFAIRS
8 M/s KKR Mauritius Cement Induction of foreign equity in an investing company.
Investments, Ltd.,
Mauritius
715.00
FINANCIAL SERVICES
9 M/s Shriram City Union
Finance Limited, Chennai
Ex-post facto approval for issue of warrants.
10 M/s Star Health

Investments Pvt. Ltd.,
Chennai
696.80
160.00
HEALTH
11 M/s Alexandria Real Estate To set up of a WOS to operate and manage fully furnished,
Equities, Inc., USA
staffed and equipped facilities for medical professionals.
500.00

Limited, Agra
2.
Induction of foreign equity to carry out the Cable

Networking operations.
50.20
Sl.
No
1 M/s Lakshmi Machine
To undertake activities of manufacture parts, components and accessories
Works Ltd., Tamil Nadu
for aircraft and spacecraft to be supplied to civil and defence sectors.
2 M/s Kal Media Services
Pvt. Ltd., Chennai
3 M/s Jeevan Telecasting Co Ex-post-facto approval to ratify the NRI investment to carry out the
Ltd
uplinking of news and current affairs channel.
4 M/s DLF Limitless
Developers Pvt. Ltd., Delhi
Limited, Bangalore
Transfer of shares from NR to Resident prior to expiry of 3 years from

completion of minimum capitalization norms of the company.
Ex-post-facto approval for issuance and allotment warrants to carry out the
business of Floriculture & Food processing.
6 M/s Advanta India Limited, To issue and allot Rights Equity Shares, CCPS and Warrants to carry out the
Hyderabad
business of research, development, production, distribution and marketing
of hybrid agricultural field crop seeds and plant seed.
7 M/s Verizon
Communications India Pvt. group in Telecom Sector.
Ltd.
8 M/s Pran Beverages (India) Induction of foreign equity by a Bangladeshi company.
Pvt. Ltd., Kolkata
Enterprises Ltd
10 M/s Bharat Broadcasting

Network Ltd.
Ex-post-facto approval for transfer of shares to NRI to carry out the

business of uplinking news and current affairs channel.
11 M/s Asian Genco Pte Ltd., To set up an investing company.

Singapore
12 M/s. Etisalat DB Telecom
Private Limited
Transfer of shares from Resident to Non-Resident of a company engaged in

the Telecom Sector.
13 M/s Essar Capital Holdings Acquisition of equity shares by way of subscription to new equity shares
(India) Ltd., Mumbai
and/or purchase of existing equity shares in an investing company engaged
in the telecom sector.
14 M/s Alan Dick & Company To undertake the additional activity relating to infrastructure provider (IP
(India) Pvt. Ltd., Thane
Category I).
15 M/s UTStarcom India
Telecom Pvt. Ltd
To undertake additional activity relating to Telecom sector.
3.
The following 3 (Three) proposals have been rejected:
Sl.
No
1 M/s DVA India Chemicals Ex-post-facto approval for the issuance of Equity Shares against the pre
Pvt. Ltd., Mumbai
incorporation expenses to carry out the business of crop protection
chemicals.
2 M/s Alligator Ventilfabrik To set up a wholly owned subsidiary as an Investing Company.
GmbH, Germany
3 M/s Simplast India Pvt.,
Ltd.
Ex-post-facto approval for allotment of equity share against debt created

due to payment made for raw material representation against rejection.
*****
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the January 10, 2012
PRESS RELEASE
held on December 23, 2011, Government has approved 20 Proposals of Foreign Direct Investment
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 23.12.2011
Following 20 (Twenty) proposals have been approved.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` in crore)
COMMERCE
1 M/s Christian
Louboutin S.A.
France
To set up a JV to set up retail stores, outlets, show rooms and

other formats across India for carrying on retail trading.
2.55
CONSUMER AFFAIRS
2 M/s Funderburk 2
Mauritius Ltd.,
Mauritius
To subscribe to equity shares of an Indian company engaged

in the business of multi commodity exchange for derivative
markets across all commodity segments.
13.75
ECONOMIC AFFAIRS
3 M/s Pipe Supports
Group Limited,
United Kingdom
Ex-post-facto approval to set up a WoS to carry out the

business of design, manufacture and supply of pipe supporting
equipment, fittings and materials for use in various industries.
The proposal attracted the provisions of para 4.2.2.2 of
Circular 2 of 2010.
0.01
FINANCIAL SERVICES
4 M/s Financial
Ex Post-facto approval for the subscription to equity shares
Inclusion Network & without satisfying the minimum capitalization requirements for
Operations Ltd.,
FDI in NBFCs.
Mumbai
5 M/s Equitas Micro
Approval for demerging of microfinance business with its
Finance India Private WoS. Post the demerger, the activity of the company will be
Limited, Chennai
NBFC-Core Investment Company.
6 M/s DMI Finance
Private Limited, Delhi securitization and asset reconstruction.
0.24
230.70
20.66

7 M/s TV Vision Ltd.,
Mumbai
Induction of foreign investment by way of issue of equity

shares through an IPO to undertake the business of
broadcasting a non-news and current affairs TV channel.
200.00

8 The Technology
Venture Fund,
Hyderabad
Induction of foreign investment in the Fund engaged in the

investment in equity and equity related unlisted seed stage
companies.
1.38
NEW & RENEWABLE ENERGY

9 M/s i3E Trust,
Ahmedabad
Induction of foreign investment in the Trust.
10 M/s Sterlite Grid

Limited, Dadar and
Nagar Haveli
Post facto approval to act as an investing company.
12.00
1150.00
URBAN DEVELOPMENT
11 M/s Matrix Sociis
Holdings Limited,
Mumbai
12 M/s Elpro
International Ltd.,
Mumbai

25.00
Post facto approval for the issuance of shares against warrants.
The company is engaged in the manufacture and production of
surge arrestors and metal oxide varistors as well as in real
estate services and development and making investments.
64.67
TELECOMMUNICATIONS
13 M/s Shyam Internet
Services Ltd.
Amendment of clause 2 & 3 of the FC approval dated

08.10.2009 to allow the company to engage in the business of
providing Internet Services on all India basis instead of
providing the same service within the State of Rajasthan.
Nil
To set up a WOS to undertake import and wholesale

distribution of batteries and providing after sales services in
India by a company from Bangladesh.
0.10
COMMERCE
14 M/s Rahimafrooz
Batteries Ltd.,
Bangladesh
ECONOMIC AFFAIRS
15 M/s Jalgaon
Ex-post-facto approval to act as an investing company.
Mumbai
135.55
HIGHER EDUCATION
16 M/s Copper Beech
Infrastructure Pvt.
Ltd., Delhi
Repatriation of FDI. The company is engaged in the business

of educational infrastructure.
3.83

17 M/s Singpai Pte Ltd., Induction of foreign equity into an Indian company to carry out
Singapore
the business of manned guarding investigations, electronic
security systems and cash management services.
65.00

18 M/s Sabero Organics Ex-post-facto approval for issuance of warrants. The company
Gujarat Ltd., Mumbai is engaged in the business of producing insecticides,
herbicides, fungicides and speciality chemicals.
9.80
HOME AFFAIRS
19 M/s Verizon
Communications
India Pvt. Ltd.
Transfer of equity shares from non-resident shareholder to nonresident group company in Telecom Sector.
Nil
TELECOMMUNICATIONS
20 M/s SDP Telecom
(India) Pvt. Ltd.,
Kanchipuram
2.
Ex post facto approval for issue of equity shares for

consideration other than inward remittances.
No Fresh inflow
The following 23 (Twenty three) proposals have been deferred:

Sl.
Name of the
No
applicant
1 M/s Rossell Aviation Induction of foreign equity to undertake the business in civil & defence
Pvt. Ltd., Delhi
aviation field with focus on product support services, repair and maintenance
facility, providing training solutions in project primarily relating to the offset
obligation in India to aviation industry.
2 M/s Veritas (India)

Ltd., Mumbai
3 M/s Aptuit Laurus
Private Limited,
Hyderabad
4 M/s APF II India
Mauritius
5 M/s Security
International Services
India Pvt. Ltd., Delhi
Post facto approval for issue of warrants to carry out the business of import,
export, trading and distribution of metals and chemical products, power
generation.
Increase in foreign equity. The company is engaged in the pharmaceutical
sector.
To invest in the units of a FUND, constituted as a Trust.
Induction of foreign equity to carry out the business of providing security

services and providing consultancy and advisory services relating to security
services and trade, import, export, supply and deal in all kinds of security aid
safety systems equipment, security solutions and devices.
6 M/s Oxigen Services Ex-post-facto for induction of foreign investment to carry out the business of
(India) Pvt. Ltd.,
providing B2B Services like mobile, DTH & Broadband Recharges, Bill
Gurgaon
payments, Travel and Ticketing, both by rail and air.
7 M/s Akorn Inc, USA. Acquisition of 100 percent equity shares of a company engaged in
8 M/s Ordain Health
Induction of foreign equity to carry out the business in pharmaceutical sector.
Care Global Pvt. Ltd.,
Chennai
9 M/s Alliance Data
To undertake the additional of publishing and printing an Indian edition of a
Pte. Ltd., Singapore foreign specialty magazine.
10 M/s Packt Publishing Induction of foreign equity to carry out the business of writing, editing,
Private Limited,
summarising, compiling, printing, publishing, buying, selling, importing,
Mumbai
exporting, circulating or otherwise dealing in books publication and any other
information or data pertaining to all areas and sectors such as computer and
information technology.
11 M/s Edict
Transfer of 100 percent equity to foreign investor. The company is engaged in
Pharmaceuticals Pvt. the pharmaceutical sector.
Ltd.
12 M/s Multiples Private Acquisition of the equity shares of the company engaged in the operation of
Equity Fund I
Indias first nationwide, automated and online power exchange and offers
Limited, Mauritius
products that permit trading in electricity and renewable energy certificates.
13 M/s Sterlite Networks Investment through internal accruals and issue of shares to existing/ new
Limited, Dadar and
shareholders. The company is engaged in the business of providing telecom
Nagar Haveli
services in the category of infrastructure provider providing dark fibre, right of
way, duct space, tower (IP Category -I), electronic mail and voice mail
services.
14 M/s Microqual
Increase in foreign equity to carry out the business of wireless
Techno Ltd., Mumbai telecommunications.
15 M/s Kakade British
Realties Private
Limited, Pune
Pvt. Ltd.
Approval for non-compliance with the condition regarding completion of 50 %

project within 5 years from the date of obtaining all statutory clearances.
17 M/s World Phone

Internet Services Pvt.
Ltd.
18 M/s CSR Technology
(India) Pvt. Ltd.,
Delhi
Increase in foreign equity. The company is engaged in the business of Internet

Service Provider and set up International Gateways.
Deletion of the condition at Clause 6 (i) of the FC approval dated 4.2.2009.

The company is engaged in the business of courier services other than post.
Ex-post facto approval for the initial capital made by two resident Indians on
behalf of the foreign company to undertake design, development and testing
services for GPS Chips Sets.
19 M/s CLSA Singapore

Holdings Pte Ltd.,
Singapore/ M/s CLSA
Limited, Hong Kong
20 M/s Reed Elsevier
India Pvt
. Ltd.
21 M/s Royale Asia

Couriers Pvt. Ltd.,
Chennai
22 M/s Cordia
International Corp.,
USA
23 M/s Fine Publishing

India Pvt. Ltd.
3.
Induction of foreign equity in an investing company to carry on the business of

process outsourcing services for clients, both domestic and offshore.
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
Induction of foreign equity to carry out the business of international courier
operations.
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.
Induction of foreign equity to carry out the business of publishing specialty
technical magazines covering the subject of wine and champagne.
The following 10 (Ten) proposals have been rejected:

Sl.
Name of the
No
applicant
1 M/s Pomelo Infra
Relaxation of mandatory period of six months for minimum capitalization of
Projects Pvt Ltd.,
US $ 10 million to carry out the business of development of residual townships
Hyderabad
in the suburban areas.
2 M/s Unifior
Induction of foreign equity in LLP to carry out the business of Food
Vegetables LLP,
Processing.
Mumbai
3 M/s BSI Blue Sky
Induction of foreign equity in a company to carry out the business of Private
International Ltd.,
Security Agency Services.
Mauritius
4 M/s Flemingo
To increase foreign equity upto 100% to carry out the business of duty free
Dutyfree Shop Pvt.
shop.
Ltd.
5 M/s Springer India
To increase foreign equity upto 100% to carry out the business of publishing
Pvt. Ltd.
and re-printing of scientific, technical, medical and other no-fiction books in
electronic and printed forms in any language.
6 M/s Springer Editorial To increase foreign equity upto 100% to carry on the business of publishing
Services Pvt. Ltd.
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
7 M/s Bossi Moda India Ex-post-facto approval to issue and allot equity shares against the prePvt. Ltd., Delhi
incorporation expenses. The company is engaged in the
Manufacturing of leather footwear as a small scale industries.
8 M/s Surya Chambal Ex-post-facto approval for issue of equity shares against sale of future carbon
Power Ltd., Mumbai credits. The company is engaged in the business of Generation of power from
agro waste residue biomass.
9 M/s UT Starcom
India Telecom Private
Limited
10 M/s M and C Rakindo Ex-post-facto approval to issue and allot partly paid up shares to carry out the
Hospitality Pvt. Ltd., business of development, construction ownership, management, sale and/ or
Coimbatore
lease of hotel projects in India.
4.
Sl.
No
The following 1 (One) proposal has been withdrawn from the agenda:
Name of the
applicant
1 M/s G4S Security

Ltd., Delhi &
Haryana
Ex-post-facto approval for induction of foreign equity to carry

out the business of providing security services.
FDI/NRI
inflows
(` in crore)
No Fresh
Inflow
5.
In the following 01 (One) proposal, FIPB recommended that the applicant may be advised to
approach MI&B:
Sl.
No.
Name of the
applicant
1 M/s Omnimedia SL
6.
Sl.
No
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.
The following 01 (One) proposal has been noted:

Name of the
applicant
1 M/s MNP
Interconnection
Telecom Solutions
India Pvt. Ltd.
FDI/NRI
inflows
(` in crore)
No Fresh
Inflow
FDI/NRI
inflows
(` in crore)
Intimation regarding overseas transaction.

Nil
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the February 10, 2012
PRESS RELEASE
held on January 20, 2012, Government has approved 20 Proposals of Foreign Direct Investment
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 20.01.2012
Following 20 (Twenty) proposals have been approved.
No.
FDI/NRI inflows
(` In crore)
COMMERCE
1 M/s Canali Holding S.P.A, To set up a JV company with 51% foreign equity
Italy
participation for single-brand retailing.
7.65
2 M/s Timex Garments

Pvt. Ltd.
0.50
To set up a JV with 50% equity participation to set up

single brand retail stores.
CONSUMER AFFAIRS
3 M/s Interactive Brokers To set up a WoS in India to carry out the business of
(India) Pvt. Ltd., Mumbai commodity broking business.
No fresh inflow
ECONOMIC AFFAIRS
4 M/s Deltronix India
Limited
To allot equity shares in lieu of amount payable for plant

and machinery to carry out the business of manufacture
of transport equipment and parts.
9.00
5 M/s Chemtrols Samil

Ex-post-facto approval for issue of partly paid up shares
(India) Pvt. Ltd., Mumbai to carry out the business of manufacturing of industrial
valves, magnetic level gauges and process control
equipment.
1.28
6 M/s Kris Sumeru

Bangalore
7 M/s Fluke South East
Asia Pte. Ltd., Singapore
Post facto approval for issuance and allotment of equity

shares, as the company at present, is neither an
operating nor an investing company.
To incorporate an Investing Company to make
downstream investments in other Indian companies
engaged in the business of wholesale trading and
related activities.
8 M/s Tata AutoComp GY

Batteries Ltd., Pune
Ex-post-facto approval for issue of partly paid up shares

to carry out the business of manufacturing, designing,
developing and selling of starting lighting-ignition
automotive lead acid storage batteries for cars and
utility vehicles.
25.00
Ex-post facto approval for issuance of convertible

preference shares for issuance and operations of prepaid payment instrument in India.
Nil
9 M/s Zipcash Card

Services Pvt. Ltd.
4.45
400.00

10 M/s Pharmaceutical
Ingredients and
Formulations India Pvt.
Ltd., Bangalore
Transfer of shares from NRI to NR in pharmaceuticals

sector (brownfield investment).
Nil
11 M/s Outsourcepartners
International Private
Limited, Bangalore
Ex-post facto approval for conversion of equity shares

from non-repatriable to repatriable basis to carry out
the business of IT and IT Enabled Services.
12 M/s Cigniti Technologies Transfer of shares by way of share swap to carry out the
Ltd., Hyderabad
business of IT Services, software development.
0.001
Nil
POST
13 M/s Amazon Asia-Pacific To set up a WoS to undertake the business of courier
Resources Pvt. Ltd.,
services and related logistics/transportation services.
Singapore
15.00

14 M/s Aptuit Laurus
Private Limited,
Hyderabad
Increase in foreign equity. The company is engaged in

the pharmaceutical sector.
15 M/s Akorn Inc, USA.
Acquisition of 100 percent equity shares of a company

engaged in pharmaceuticals sector.
47.95
0.01
ECONOMIC AFFAIRS
16 M/s APF II India
Mauritius
To invest in the units of a FUND.

300.00
FINANCIAL SERVICES
17 M/s Oxigen Services
Ex-post-facto for induction of foreign investment to
(India) Pvt. Ltd., Gurgaon carry out the business of providing B2B Services like
mobile, DTH & Broadband Recharges, Bill payments,
Travel and Ticketing, both by rail and air.
1.06

18 M/s Alliance Data Pte.
Ltd., Singapore
To undertake the additional business of publishing and

printing an Indian edition of a foreign specialty
magazine.
Nil
PHARMACEUTICALS
19 M/s Edict
Transfer of 100 percent equity to foreign investor. The
Pharmaceuticals Pvt. Ltd. company is engaged in the pharmaceutical sector.
171.53
POWER
20 M/s Multiples Private
Equity Fund I Limited,
Mauritius
Acquisition of the equity shares of the company

engaged in the operation of Indias first nationwide,
automated and online power exchange and offers
products that permit trading in electricity and
renewable energy certificates.
50.94
2.

No
1 M/s Ankur Durgs and
To issue warrants to carry out the business of manufacturing of
Pharma Ltd., Mumbai
pharmaceutical formulations.
2 M/s Ashok Leyland
Defence Systems Ltd.,
Chennai
To undertake defence related activities.
3 M/s Dia Vikas Capital

Pvt. Ltd., Gurgaon
Ex-post-facto approval for non-compliance with minimum capitalization

norms for limited period of 72 days from July 21, 2010 to September 2010.
The company is engaged in the business of providing financial support to
various Micro Finance Institutions in India.
4 M/s Softgel Healthcare

Pvt. Ltd., Chennai
(No.258/2011-FC.I)
Ex-post-facto approval for allotment of shares in pharmaceuticals sector

(brownfield investment).
5 M/s Heinemann Asia

Pacific Pte. Ltd.,
Singapore
To set up a WoS company for the purpose of undertaking the activities of

setting up duty free shop at Indian international airports. Additionally, the
proposed Indian company also intends to supply duty free products to
other duty free shops in India.
6 M/s ISG Onboard

Enterprises US Ltd., New (i) sale of duty free goods to passengers on international flights of India
York
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.
7 M/s JT International
India Pvt. Ltd.
Post facto approval for (i) increase in the paid up capital and (ii) write off
of share application amounting received from foreign investor.
8 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.
9 M/s VRL Logistics Ltd.,

Karnataka
Induction of foreign equity to carry ou the business of transportation of

goods and passengers (NIC Code 701, 703), Courier services other than
postal services, 751, aircraft charter services, 720 and wind power
generation, 432 and 439 involving the installation and sale of electricity
produced by wind power generators.
10 M/s Jeevan Telecasting

Corporation Ltd.
Post-facto approval to ratify the NRI investment.

Pvt. Ltd.
Deletion of the condition at Clause 6 (i) of the FC approval dated 4.2.2009.

The company is engaged in the business of courier services other than
post.
12 M/s Fine Publishing India Induction of foreign equity to carry out the business of publishing specialty
Pvt. Ltd.
13 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
14 M/s Royale Asia Couriers Induction of foreign equity to carry out the business of international
Pvt. Ltd., Chennai
courier operations.
Approval for non-compliance with the condition regarding completion of
Realties Private Limited, 50 % project within 5 years from the date of obtaining all statutory
Pune
clearances.
3.
The following 2 (Two) proposals have been rejected:

No
1 M/s UE Trade
Capitalisation of import payables.
Corporation (India) Pvt.
Ltd., Delhi
2 M/s Shriprop Housing
Transfer of shares by the foreign investor before expiry of 3 years from the
Pvt. Ltd. and Shriram
date of minimum capitalization norms.
Properties Ltd.,
Bangalore
4.
The following 1 (One) proposal has been withdrawn from the agenda on the request of the
applicant:
Sl.
No
1 M/s Ordain Health Care Induction of foreign equity to carry out the business in
Global Pvt. Ltd., Chennai pharmaceutical sector.
*****
FDI/NRI inflows
(` in crore)
48.30
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 170th
meeting held on September 30, 2011, Government has approved 11 Proposals of Foreign Direct
Investment amounting to ` 182.78 crore approximately.
In addition, three proposals viz (i) M/s Energy Grid Automation Transformers and Switchgears
India Ltd., Gurgaon (` 2000 crore), (ii) M/s Grid Equipments Ltd., Gurgaon (` 4500 crore) and (iii)
M/s Walt Disney Company (Southeast) Asia Pte Ltd. (` 1638.40 crore) total amounting to ` 8138.40 crore,
have been recommended for consideration of Cabinet Committee on Economic Affairs.

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 30.09.2011
Sl.
No.
FDI/NRI
inflows (` In
crore)
COMMERCE
1 M/s Delsey India Pvt. Ltd. Induction of foreign investment to engage in the
business of single brand retailing.
0.0051
ECONOMIC AFFAIRS
2 M/s Janoschka Holding
GmbH, Germany
To set up a WOS to act as an investing company and to

make downstream investments in companies engaged
in production of pre-press services and supplementary
and complimentary services.
0.16

3 M/s DMV-Fonterra
Excipients B.V.,
Netherlands. II. M/s
DMV-Fonterra Excipients
(SEA) Pte Ltd., Singapore
Induction of foreign investment of up to 100 per cent in

the capital of a newly incorporated LLP engaged in the
business of manufacturing and sale of pharmaceutical
excipients.
39.36
POWER
4 M/s Gita Power &
Chennai
To issue shares under the Scheme of amalgamation as

per High Court Order. The company is engaged in the
business of development and operation of power
stations.
No fresh inflow

5 M/s Satake India
Engineering Pvt. Ltd.
Issue of shares for consideration other than inward

remittances.
Nil
TELECOMMUNICATIONS
Capitalization of pre-incorporation expenses.
Broadband India Pvt. Ltd.
54.00
CONSUMER AFFAIRS
7 M/s Ace Derivatives and
Commodity Exchange
Limited, Mumbai
To transfer equity shares of the company engaged in the

business of Commodity Exchange to FIIs such that the
holding of each FII will not exceed 5 per cent of the
equity of the company.
10.53
8 Mr. Ankit N Patel, Gujarat Induction of foreign investment in the proposed LLP for
undertaking the activity of wholesale trading and
distribution of baby care products in India including B2B
e-commerce trade.
4.59
ECONOMIC AFFAIRS

Induction of foreign equity by a company from

Bangladesh.
16.45

10 M/s 9X Media Pvt. Ltd.
(i) To increase foreign equity participation from 80% to

upto 100%. (ii) To make downstream investments upto
100%.
26.20

Media Pvt. Ltd.
2.
Induction of foreign equity by way of issue and

allotment of compulsorily convertible preference shares
to carry out the business of TV channel license for uplinking a non-news and current affairs TV channel.
31.49

No
1 M/s CSR Technology
Ex-post facto approval for the initial capital made by two resident Indians
(India) Pvt. Ltd., Delhi on behalf of the foreign company to undertake design, development and
testing services for GPS Chips Sets.
2 M/s Ventureast Life
Induction of foreign equity in a trust.
Fund III LLC, Mauritius
3 M/s BSI Blue Sky
Induction of foreign equity in a company to carry out the business of
International Ltd.,
Private Security Agency Services.
Mauritius
4
M/s Flemingo Dutyfree To increase foreign equity upto 100% to carry out the business of duty
Shop Pvt. Ltd.
free shop.
M/s Springer India Pvt. To increase foreign equity upto 100% to carry out the business of
Ltd.
publishing and re-printing of scientific, technical, medical and other nofiction books in electronic and printed forms in any language.
M/s Springer Editorial

Services Pvt. Ltd.
M/s Reed Elsevier India To undertake the additional activity relating to the business of publishing
Pvt. Ltd.
printing, reprinting, adaptation, article reprinting, repackaging,
translation, distribution of scientific, technical, medical, specialty and
research journals/magazines/periodicals in any media including print
media
M/s InterCall Asia

Ltd., Singapore
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
To set up a WOS to undertake the business of providing audio, video and

web conferencing services for business, commercial, banking and other
establishments.
3.
M/s Vodafone Essar

Ltd.
Transfer of shares from Resident to NR to carry out the activities relating

to Telecommunication.

No
1 M/s GV Films Ltd.,
Swap of shares against matured FCCBs. The company is engaged in the
Chennai
production, distribution and screening of films.
2
M/s Aspocomp
Electronics India Pvt.
Ltd., Chennai
To issue shares to a foreign company in lieu of the expenses (Revenue &

capital) paid by the foreign company to offset the expenses. The
company is engaged in business of manufacturing of Printed Circuit
Boards.
M/s Constructora San

Jose S.A. Spain
M/s India Rizing Fund
Acquisition of equity shares against the pre-incorporation expenses. The

Indian company is engaged in the business of Infrastructure and
Development, Contractors, Designers, Architects.
Amendment in para 7 of the FC approval.
M/s Sabero Organics

Gujarat Ltd., Mumbai
M/s Hughes
Ltd.
Ex-post-facto approval for issuance of warrants. The company is engaged

in the business of producing insecticides, herbicides, fungicides and
speciality chemicals.
telecom sector.
4.
The following 03 (Three) proposals have been recommended for the consideration of CCEA, as the
investment involved in the proposals is above ` 1200.00 crore:
No
1
M/s Energy Grid

Automation
Transformers and
Switchgears India
Limited, Gurgaon
The company has not commenced business at the time of transfer of

equity shares to NR and it also does not have any downstream investment.
The company will act as an investing company.
M/s Grid Equipments

Limited, Gurgaon
The company has not commenced business at the time of transfer of

equity shares to NR and it also does not have any downstream
investment. The company will act as an investing company.
M/s Walt Disney

Company (Southeast)
Asia Pte Ltd.
To increase foreign shareholding from 48.02 percent to upto 100 percent

to carry out the business of (i) film distribution, (ii) content development
and distribution, (iii) animation productions, and (iv) through
downstream company to undertake broadcasting business, by up-linking
one or more general entertainment (not being news and current affairs)
channel, in addition to the existing activities.
******
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Sd/(B.D. Barua)
Tele No.: 2309 4979
Fax No.: 23094084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 21.12.2012
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Kama Schachter Post facto approval at the instance of RBI for having
Jewelry Pvt. Ltd.,
made a downstream investment in Oct 2007 in the field of
Mumbai
import & export of diamonds.
Nil
PHARMACEUTICALS
2 M/s Saurav
Chemicals Ltd.,
Punjab
3 M/s Aanjaneya
Lifecare Limited,
Mumbai
4 M/s Gavis Pharma
LLC., USA
5 M/s Syngene
International
Limited, Bangalore
An existing pharma sector company to issue fresh equity

shares to a foreign company.
14.85
An existing pharma company to issue Foreign Currency

Convertible Bonds to eligible foreign investors.
405.00
To invest in an Indian company engaged in the business

of development and manufacture of injectable products
and Sterile Ophthalmic preparations for the Indian and
other regulated markets.
contract research and development services to third
parties engaged in the pharmaceutical, nutrition and
material science industries under fee-for-service
commercial arrangements.
73.75
125.00
SHIPPING
6 M/s Hindustan Port
Pvt. Ltd., Mumbai
To act as an investing company and receive foreign

investment for making downstream investment in other
Indian companies.
440.00
URBAN DEVELOPMENT
7 M/s CapitaRetail
Mysore Mall
(Mauritius) Limited,
Mauritius
8 M/s CapitaRetail
Mangalore Mall
Mauritius
9 M/s CapitaRetail
Mangalore Mall
Mauritius
The foreign company having invested in Construction &

Development Sector has applied for approval to transfer
shares within the group companies (NR to NR) prior to
completion of lock-in-period for the sector.
Nil
Nil
Nil
PHARMACEUTICALS
10 M/s Ordain Health
Care Global Private
Limited
Acquisition of manufacturing facility of one of its own

group pharma companies and to receive fresh FDI thereby
increasing the foreign investment from 60% to 100%.
40.00
CORPORATE AFFAIRS
11 M/s Arshiya
International Pvt.
Ltd.
Ex-post-facto approval for issue of warrants to carry out

the business of providing logistics solutions, integrated
supply chain and logistics infrastructure services.
2.00
ECONOMIC AFFAIRS
12 M/s Man Chung Lim To issue equity shares against foreign remittance made as
Granites India Pvt. pre-operative expenses for security deposit and import of
Ltd.
machinery for raising, purchase and export of Granite
stones under 100% EOU scheme.
Nil

13 Mr. Christoph
Heinrich Sievers,
Switzerland
Induction of foreign equity in an LLP to carry out the

business of Consultancy services.
0.0025
URBAN DEVELOPMENT
14 M/s Excedo Reality
Fund-I Acting
through its
Investment Manager
Athamus Venture
Management Pvt.
Ltd., Bangalore
2.
To accept contribution and investment from NRIs from

various countries to carry out the business in development
of Township, Housing, Built up infrastructure and
Construction Development projects in compliance with
FDI Policy.
210.00
The following 6 (Six) proposals have been deferred:
Sl.
No
1 M/s Indostar Capital

Finance Pvt. Ltd.,
Mumbai
2 M/s Bay Capital
Investment Ltd.,
Mauritius
4 M/s Selex Galileo Ltd.,
England
5 M/s Mahindra and

Mahindra Ltd.

Pvt. Ltd., Mumbai
A Systemically Important Non-Deposit Taking Non-Banking

Financial Company to set up a subsidiary company and sponsor a
debt fund under SEBI (AIF) Regulations.
Acquisition of shares in a listed Indian Company which is the Core
Investment Company of a leading infrastructure developing group of
companies.
To set up a JV to undertake the business of marketing, development,
final assembly and test, system integration, in country support and
other services to those products, primarily in defence electronics
sector.
To amend the para 1 and 4 of the FC approval. The company is
engaged in the business of to develop, manufacture and provide
service support for radar systems and various kinds of defence
electronic systems and various kinds of defence electronic systems.
3.
Sl.
No
1 M/s Mathworks India

2 M/s ChaYoWo
Technology Solutions
3 M/s Fullife Healthcare
Pvt. Ltd., Mumbai
Post facto approval for allotment of shares to foreign collaborator on

the remittance, which was made directly to a third party as security
deposit for premises.
To swap shares of resident shareholder of the Indian Company with
the shares of the foreign collaborator.
Induction of foreign equity to carry out the business of in-licensing,
developing, getting products manufactured from third party and outlicensing the marketing rights of unique healthcare solution in the
field of food supplements, non-critical diagnostics and pharma
products.
4.
Sl. Item
No No.
1
4 M/s Trakshun Management Consultants LLP
5.
Decision in the following 5 (Five) proposals will be communicated separately:

No
1 M/s IvyCap Ventures
To allow NRI investment through normal banking channels in
Trust
compliance with FEMA Regulations and extant FDI Policy.
2 M/s Yalamanchili
Software Export Ltd.,
Chennai
3 M/s Wipro Limited,
Bangalore
4 M/s Spanco Power
Distribution Ltd.,
Mumbai
5 M/s GPX India Private
Limited, Maharashtra
Conversion of non-repatriable equity held by majority shareholder to

repatriable equity and share swap of this holding to shares of a foreign
company.
Transfer of shares by way of swap consequent to a demerger of nonIT activities. The company is engaged primarily in IT sector and also
in other diversified activities including defence.
Post facto approval to act as an investing company and make
downstream investments in its WoS and other companies in the power
distribution sector.
To issue equity shares to the Foreign Collaborator against import of
capital goods/equipment/machinery to carry out the business of
setting up of domestic Other Service Provider (OS) (Data Centre) for
providing various products and services to its clients/customers.
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on August 24, 2012, Government has approved 21 proposals of Foreign Direct Investment
amounting to ` 2410 crore approximately.
2.
These include 8 proposals relating to FDI in brownfield pharmaceuticals sector, mentioned at
S. Nos. 13 to 20, which were deferred in earlier meetings. The pharma cases have been approved,
subject, inter alia, to the following three conditions: (i) The quantitative level of NLEM (National List
of Essential Medicines) drugs production annually at the time of induction of foreign investment will
be maintained at that level for the next 5 years. The level would be defined as the highest annual
production level of NLEM drugs in quantitative terms, in any of the three years preceding the
induction of foreign investment. Appropriate information, in the form and manner as prescribed in this
regard by the administrative ministries concerned, must be supplied; (ii) The Research &
Development expenses annually incurred by the investee company at the highest level in the 3
preceding years to the induction of foreign investment will be maintained in value terms annually over
the next 5 years post induction of FDI. The Investee Company would be required to provide
appropriate information, in the form and manner as prescribed in this regard by the administrative
ministries concerned; and (iii) the administrative ministries concerned and the FIPB secretariat will be
provided complete information pertaining to the transfer of technology, if any, along with induction of
foreign investment into the investee company.
Sd/(P.K. Bagga)
OSD (CM&I)
Tele: 23094172
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 24.08.2012
Sl.
No.
FDI/NRI
inflows
(` In crore)

1 M/s Everton Tea India
Ex Post-facto approval for transfer of equity shares to

foreign collaborator to carry out the business of
manufacturing black and green tea bags, herb tea bags
and instant tea bags.
0.98
(already
brought in)
FINANCIAL SERVICES
2 M/s City Union Bank
Limited, Tamil Nadu
To issue and allot partly-paid up shares, under rights

issue to carry out the business of banking operations 61.5 (approx)
in private sector.

3 M/s Menzies Bobba
Ground Handling
Services Pvt. Ltd.,
Hyderabad
Increase in foreign equity participation to carry out

the business of Ground handling services.
2.58 (approx.)
MINES
4 M/s Leighton
International Projects
(India) Pvt. Ltd.,
Mumbai
Ex post facto approval for transfer of partly paid

shares to non resident entities, which have since been
No fresh inflow
made fully paid up to carry out the business of
development of infrastructure projects in India.
COMMERCE
5 M/s Rickshaw Delivery To enhance the NRI investment on non-repatriable
basis to carry out the business of export trading
through partnership firm.
1.25
CONSUMER AFFAIRS
6 M/s Arani Agro Oil
Industries Ltd
Ex post facto approval for issue of shares for other

than inward remittances to carry out the business of
manufacture of Hydrogenated Oils and Vegetables
& Vanaspati, Vegetables Oils & Fats and
hydrogenated oils, mono carboxylic fatty acids, acids Not applicable
oils from refinery & industrial alcohols &
manufacturing of glycerine and other non
compliance with the conditions of original FC
approval.

7 M/s D B Corp Ltd.
To increase the foreign equity participation from 20

% to 20% to carry out the business of publication of
newspapers including the business of developing,
Not quantified
editing, publishing, printing, distributing and
marketing newspapers and other publications and
FM radio business.
8 M/s Praxair India Pvt.,

Ltd.
To issue shares for consideration other than inward

remittance.
No inflow

9 M/s Wall Street Journal Change in the foreign collaborator by way of
India Publishing Pvt., overseas merger within group companies. The
Ltd.
company is engaged in the business of publishing of
facsimile editions of newspapers in India.
Nil
TELECOMMUNICATIONS
10 M/s Asergis Telecom
Services Pvt., Ltd
To undertake the additional activity of Infrastructure

Provider-I Services (IP-I Services).
Nil
Induction of foreign direct investment into an LLP to

carry out the business of engineering services and
0.009
ECONOMIC AFFAIRS
11 M/s Al Shukur
Company For
Engineering And
Construction LLP,
Vadodara
FINANCIAL SERVICES
12 M/s Paragon Asset
Reconstruction Pvt.
Ltd., Mumbai
Induction of foreign equity upto 19.99% in the

company engaged in the business of Asset
Reconstruction.
0.57

13 M/s Ordain Health Care Induction of foreign investment in an existing
Global Pvt. Ltd.,
company engaged in the business of manufacturing,
Chennai
research
&
development
for
technology
advancement, and marketing of pharmaceutical
finished dosage formulations.
Induction of foreign investment in an existing
Private Limited,
company engaged in the business of manufacturing
Bangalore
and export of sutures, surgical tapes, mesh bone wax,
atraumatic needles, skin staplers and surgical gloves.
15 M/s Arch Pharmalabs Induction of foreign investment in an existing
Limited, Mumbai
company engaged in the business of manufacture and
sale of Active Pharmaceutical Ingredients and
contract research and manufacturing services.
16 M/s B Braun Singapore Acquisition of shares of the company engaged in the
Pte Limited, Singapore business of life saving intravenous fluids and
ophthalmic products.
17 M/s Stellence
Induction of foreign equity by way of transfer and
Pharmscience Pvt. Ltd., issue of equity shares and compulsory convertible
Bangalore
preference shares to carry out the business of
manufacture and sale of Active Pharmaceutical
Induction of foreign equity in an operating cum
Mumbai
investing company to carry out the business in
19 M/s Vyome
Induction of foreign equity to carry out the activities
Biosciences Private
relating to pharmaceuticals sector.
58.85
200.00
372.36
248.40
(approx)
100.00
800
12.50
Limited, Delhi
Limited, Nagpur

50.44
TELECOMMUNICATIONS
21 M/s Sterlite Networks
Limited, Dadar and
Nagar Haveli
2.
To engage in additional activities of telecom sector.

500.00
The following 11 (Eleven) proposals have been deferred:

Sl.
No
1 M/s Alliance Insurance

Brokers Private
Limited, Mumbai
2 M/s OCS Group
Singapore
3 M/s Advanced Enzyme
Technologies Ltd.,
Maharashtra
Kingdom
5 M/s WJ Towell &
Company LLC, Oman
6 M/s Space Era
Materials and Process

(India) Pvt. Ltd.,
Kolkata
Systems Limited,
Mumbai

10 M/s Security and
Intelligence Services
Induction of foreign equity by way of issue and transfer of equity

Preferential allotment of shares, to be subscribed by both Indian and
foreign companies and the Indian holding is proposed to increase.
The Indian company is engaged in the business of pharmaceuticals
sector.
pharmaceuticals specializing in dermatology, anti-histamines,
antibiotics and oncology products.
supply & installation of steel structures, welded beams, pressure
development, manufacture, assembly, repair and overhaul of the
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.
Induction of foreign equity to carry out the business of private
security services.
(India) Pvt. Ltd.,

Karnataka
3.

The following 12 (Twelve) proposals have been rejected:

Sl.
No
1 M/s Downer & Co.

LLC
To set up an LLP to engage in the business of corporate development

advisory services in the content of acquisitions, divestiture, raising of
capital and joint venture to entities in India and also to foreign
companies wishing to enter the Indian Market.
2 M/s OMP India Pvt.
Post facto approval for capitalization of pre-incorporation expenses
Ltd., Haryana
and pre operative expenses to carry out the business of producing
metallic machined components for automotive applications for the
automotive industry.
3 M/s Myoungshin India To issue equity shares in lieu of value of machinery imported to
Automotive Pvt. Ltd., carry out the business of manufacturing of auto pressed parts and
Kancheepuram
supplying auto parts to automaker.
4 M/s Motan Colortronic Ex post-facto approval for issue and allotment of shares towards prePlastic Machinery
incorporation expenses to carry out the business of manufacture of
(India) Pvt., Ltd.
Auxillary equipment used in Plastic/ Polymers processing industry.
5 M/s Maanaveeya
Ex post facto approval for capitalization of pre-incorporation
Development &
expenses to carry out the business of development finance & bulk
Finance Pvt., Ltd.
loans to Micro Finance Institutions.
6 M/s Viacomm 18
To source news and current affairs content from companies for
Media Private Limited bundling with its own content and transmitting to countries outside
(earlier known as M/s India via optic fiber network.
MTV Networks (I) Pvt.,
Ltd.)
7 M/s CapitaRetail
Deleting the additional lock-in-period. The Indian company is
Jallandhar Mall
engaged in the business of construction and development of
(Mauritius) Ltd
commercial malls in India.
8 M/s Tocheunglee
Induction of foreign investment in an LLP to carry out the business
Stationery
of manufacturing of Nickel Plating/ Phospating Treatment/ Metal
Manufacturing
Finishing/ other related plating process for the components related to
Company Pvt. Ltd.,
manufacture of Lever Arch Mechanisms, Loose Leaf Ring
Tiruvallur
Metal/Metal Binders, etc.
9 M/s Dia Vikas Capital Ex-post-facto approval for compliance with minimum capitalization
Pvt. Ltd., Gurgaon
norms for limited period of 72 days. The company is engaged in the
business of providing financial support to various Micro Finance
Institution in India.
10 M/s NYK Line (India) To set up an LLP by the indirect investment by the WoSs of a
Ltd., Mumbai and M/s foreign company to undertake the activity of human resource
NYK Auto Logistics
management and placement.
(India) Ltd.,
11 M/s Triton Hotels and Ex post facto approval for issuance of partly paid up shares. The
Resorts Pvt. Ltd.,
company is engaged in the business of Hospitality Services.
Mumbai
12 M/s Verga Attachments Ex-Post facto approval to allot Compulsorily Convertible Debenture
Pvt. Ltd., Karnataka
against amount received through invocation of bank guarantee to
carry out the business of manufacturing of parts and accessories,
necessary for machinery/equipment used by construction and mining
industries.
4.
In the following 02 (Two) proposals, FIPB recommended that the applicant may be
advised as mentioned below:
Sl.
No.
Name of the
applicant
Recommended advice
FDI/NRI
inflows
(` in crore)
1 M/s G4S Cash To decrease foreign shareholding The proposal would be

Solutions (India) to 49 per cent in order to obtain considered after a decision has
Pvt. Ltd., Delhi PSARA licence.
been taken regarding the No fresh
foreign investment in G4S inflow
Service Solutions (India) Pvt.
Ltd., pending before FIPB.
2 M/s GPX India To issue equity shares against A revised application covering
Private Limited, import
of
capital
goods/ only those capital goods for
Maharashtra
equipment/ machinery.
The which payments were made by
company is engaged in the the foreign collaborator and
No fresh
business of setting up of domestic satisfying other conditions
inflow
Other Service Provider (OS) may be made.
(Data Centre) for providing
various products and services to
its clients/customers.
5.
Sl.
No
1 M/s Mathworks India Pvt. Ltd., Bangalore
2 M/s Atlas Equifin Pvt. Ltd., Mumbai
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on August 24, 2012, Government has approved 21 proposals of Foreign Direct Investment
amounting to ` 2410 crore approximately.
2.
These include 8 proposals relating to FDI in brownfield pharmaceuticals sector, mentioned at
S. Nos. 13 to 20, which were deferred in earlier meetings. The pharma cases have been approved,
subject, inter alia, to the following three conditions: (i) The quantitative level of NLEM (National List
of Essential Medicines) drugs production annually at the time of induction of foreign investment will
be maintained at that level for the next 5 years. The level would be defined as the highest annual
production level of NLEM drugs in quantitative terms, in any of the three years preceding the
induction of foreign investment. Appropriate information, in the form and manner as prescribed in this
regard by the administrative ministries concerned, must be supplied; (ii) The Research &
Development expenses annually incurred by the investee company at the highest level in the 3
preceding years to the induction of foreign investment will be maintained in value terms annually over
the next 5 years post induction of FDI. The Investee Company would be required to provide
appropriate information, in the form and manner as prescribed in this regard by the administrative
ministries concerned; and (iii) the administrative ministries concerned and the FIPB secretariat will be
provided complete information pertaining to the transfer of technology, if any, along with induction of
foreign investment into the investee company.
Sd/(P.K. Bagga)
OSD (CM&I)
Tele: 23094172
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 24.08.2012
Sl.
No.
FDI/NRI
inflows
(` In crore)

1 M/s Everton Tea India
Ex Post-facto approval for transfer of equity shares to

foreign collaborator to carry out the business of
manufacturing black and green tea bags, herb tea bags
and instant tea bags.
0.98
(already
brought in)
FINANCIAL SERVICES
2 M/s City Union Bank
Limited, Tamil Nadu
To issue and allot partly-paid up shares, under rights

issue to carry out the business of banking operations 61.5 (approx)
in private sector.

3 M/s Menzies Bobba
Ground Handling
Services Pvt. Ltd.,
Hyderabad
Increase in foreign equity participation to carry out

the business of Ground handling services.
2.58 (approx.)
MINES
4 M/s Leighton
International Projects
(India) Pvt. Ltd.,
Mumbai
Ex post facto approval for transfer of partly paid

shares to non resident entities, which have since been
No fresh inflow
made fully paid up to carry out the business of
development of infrastructure projects in India.
COMMERCE
5 M/s Rickshaw Delivery To enhance the NRI investment on non-repatriable
basis to carry out the business of export trading
through partnership firm.
1.25
CONSUMER AFFAIRS
6 M/s Arani Agro Oil
Industries Ltd
Ex post facto approval for issue of shares for other

than inward remittances to carry out the business of
manufacture of Hydrogenated Oils and Vegetables
& Vanaspati, Vegetables Oils & Fats and
hydrogenated oils, mono carboxylic fatty acids, acids Not applicable
oils from refinery & industrial alcohols &
manufacturing of glycerine and other non
compliance with the conditions of original FC
approval.

7 M/s D B Corp Ltd.
To increase the foreign equity participation from 20

% to 20% to carry out the business of publication of
newspapers including the business of developing,
Not quantified
editing, publishing, printing, distributing and
marketing newspapers and other publications and
FM radio business.
8 M/s Praxair India Pvt.,

Ltd.
To issue shares for consideration other than inward

remittance.
No inflow

9 M/s Wall Street Journal Change in the foreign collaborator by way of
India Publishing Pvt., overseas merger within group companies. The
Ltd.
company is engaged in the business of publishing of
facsimile editions of newspapers in India.
Nil
TELECOMMUNICATIONS
Services Pvt., Ltd
To undertake the additional activity of Infrastructure

Provider-I Services (IP-I Services).
Nil
Induction of foreign direct investment into an LLP to

carry out the business of engineering services and
0.009
ECONOMIC AFFAIRS
11 M/s Al Shukur
Company For
Engineering And
Construction LLP,
Vadodara
FINANCIAL SERVICES
12 M/s Paragon Asset
Reconstruction Pvt.
Ltd., Mumbai
Induction of foreign equity upto 19.99% in the

company engaged in the business of Asset
Reconstruction.
0.57

13 M/s Ordain Health Care Induction of foreign investment in an existing
Global Pvt. Ltd.,
company engaged in the business of manufacturing,
Chennai
research
&
development
for
technology
advancement, and marketing of pharmaceutical
finished dosage formulations.
Induction of foreign investment in an existing
Private Limited,
company engaged in the business of manufacturing
Bangalore
and export of sutures, surgical tapes, mesh bone wax,
atraumatic needles, skin staplers and surgical gloves.
15 M/s Arch Pharmalabs Induction of foreign investment in an existing
Limited, Mumbai
company engaged in the business of manufacture and
sale of Active Pharmaceutical Ingredients and
contract research and manufacturing services.
16 M/s B Braun Singapore Acquisition of shares of the company engaged in the
Pte Limited, Singapore business of life saving intravenous fluids and
ophthalmic products.
17 M/s Stellence
Induction of foreign equity by way of transfer and
Pharmscience Pvt. Ltd., issue of equity shares and compulsory convertible
Bangalore
preference shares to carry out the business of
manufacture and sale of Active Pharmaceutical
Induction of foreign equity in an operating cum
Mumbai
investing company to carry out the business in
19 M/s Vyome
Biosciences Private
58.85
200.00
372.36
248.40
(approx)
100.00
800
12.50
Limited, Delhi
Limited, Nagpur

50.44
TELECOMMUNICATIONS
Limited, Dadar and
Nagar Haveli
2.
To engage in additional activities of telecom sector.

500.00

Sl.
No
1 M/s Alliance Insurance

Brokers Private
Limited, Mumbai
2 M/s OCS Group
Singapore
3 M/s Advanced Enzyme
Technologies Ltd.,
Maharashtra
Kingdom
5 M/s WJ Towell &
Company LLC, Oman
6 M/s Space Era
Materials and Process

(India) Pvt. Ltd.,
Kolkata
Systems Limited,
Mumbai

10 M/s Security and
Induction of foreign equity by way of issue and transfer of equity

Preferential allotment of shares, to be subscribed by both Indian and
foreign companies and the Indian holding is proposed to increase.
The Indian company is engaged in the business of pharmaceuticals
sector.
pharmaceuticals specializing in dermatology, anti-histamines,
antibiotics and oncology products.
supply & installation of steel structures, welded beams, pressure
development, manufacture, assembly, repair and overhaul of the
Induction of foreign equity to carry out the business of private
security services.
(India) Pvt. Ltd.,

Karnataka
3.


Sl.
No
1 M/s Downer & Co.

LLC
To set up an LLP to engage in the business of corporate development

advisory services in the content of acquisitions, divestiture, raising of
capital and joint venture to entities in India and also to foreign
companies wishing to enter the Indian Market.
2 M/s OMP India Pvt.
Post facto approval for capitalization of pre-incorporation expenses
Ltd., Haryana
and pre operative expenses to carry out the business of producing
metallic machined components for automotive applications for the
automotive industry.
3 M/s Myoungshin India To issue equity shares in lieu of value of machinery imported to
Automotive Pvt. Ltd., carry out the business of manufacturing of auto pressed parts and
Kancheepuram
supplying auto parts to automaker.
4 M/s Motan Colortronic Ex post-facto approval for issue and allotment of shares towards prePlastic Machinery
incorporation expenses to carry out the business of manufacture of
(India) Pvt., Ltd.
Auxillary equipment used in Plastic/ Polymers processing industry.
5 M/s Maanaveeya
Ex post facto approval for capitalization of pre-incorporation
Development &
expenses to carry out the business of development finance & bulk
Finance Pvt., Ltd.
loans to Micro Finance Institutions.
6 M/s Viacomm 18
To source news and current affairs content from companies for
Media Private Limited bundling with its own content and transmitting to countries outside
(earlier known as M/s India via optic fiber network.
MTV Networks (I) Pvt.,
Ltd.)
7 M/s CapitaRetail
Deleting the additional lock-in-period. The Indian company is
Jallandhar Mall
engaged in the business of construction and development of
(Mauritius) Ltd
commercial malls in India.
8 M/s Tocheunglee
Induction of foreign investment in an LLP to carry out the business
Stationery
of manufacturing of Nickel Plating/ Phospating Treatment/ Metal
Manufacturing
Finishing/ other related plating process for the components related to
Company Pvt. Ltd.,
manufacture of Lever Arch Mechanisms, Loose Leaf Ring
Tiruvallur
Metal/Metal Binders, etc.
9 M/s Dia Vikas Capital Ex-post-facto approval for compliance with minimum capitalization
Pvt. Ltd., Gurgaon
norms for limited period of 72 days. The company is engaged in the
business of providing financial support to various Micro Finance
Institution in India.
10 M/s NYK Line (India) To set up an LLP by the indirect investment by the WoSs of a
Ltd., Mumbai and M/s foreign company to undertake the activity of human resource
NYK Auto Logistics
management and placement.
(India) Ltd.,
11 M/s Triton Hotels and Ex post facto approval for issuance of partly paid up shares. The
Resorts Pvt. Ltd.,
Mumbai
industries.
4.
In the following 02 (Two) proposals, FIPB recommended that the applicant may be
advised as mentioned below:
Sl.
No.
Name of the
applicant
Recommended advice
FDI/NRI
inflows
(` in crore)
1 M/s G4S Cash To decrease foreign shareholding The proposal would be

Solutions (India) to 49 per cent in order to obtain considered after a decision has
Pvt. Ltd., Delhi PSARA licence.
been taken regarding the No fresh
foreign investment in G4S inflow
Service Solutions (India) Pvt.
Ltd., pending before FIPB.
2 M/s GPX India To issue equity shares against A revised application covering
Private Limited, import
of
capital
goods/ only those capital goods for
Maharashtra
equipment/ machinery.
The which payments were made by
company is engaged in the the foreign collaborator and
No fresh
business of setting up of domestic satisfying other conditions
inflow
Other Service Provider (OS) may be made.
(Data Centre) for providing
various products and services to
its clients/customers.
5.
Sl.
No
1 M/s Mathworks India Pvt. Ltd., Bangalore
2 M/s Atlas Equifin Pvt. Ltd., Mumbai
*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 23rd January, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion
Board (FIPB) in its meeting held on 12th January, 2007, Finance Minister,
Shri P. Chidambaram has approved 23 proposals of Foreign Direct
Investment amounting to Rs.5910.66 crore. The proposals relate to
Ministries/Departments, namely, Commerce, Industrial Policy &
Promotion,
Information
&
Broadcasting,
Power,
Shipping,
Telecommunications,
Tourism, and Economic Affairs.
The major
investment proposals pertain to the Ministry/Departments of Power,
Telecommunications and Economic Affairs.
Sd/( P.K. Bagga )
OSD (CM&I)
To
Addl. Principal Information Officer,
(Shri B.S. Chouhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
DIPP ( FDI-Data Unit )
FIPB MEETING HELD ON 12.1.2007

S.No.
Name & Address of the

existing/proposed foreign company

Indian company, if already
incorporated
Activity
Location
Kolkata
Particulars of the
proposal
FDI/NRI
Inflows
(Rs. In
crore)
COMMERCE
1
M/s. Delta Plus S.A.

Z1 LA Peyroliere, BP 140
84405 APT, Cedex
France
M/s. Delta Plus (India) Pvt.

Ltd.
34B & C, Chandra Nath Roy
Road, Kolkata
Warehousing & Export

of Industrial Safety
products
M/s. VISA Minmetal AG

Aegeristrasse,
48, Zug 6300, Switzerland
M/s. VISA Comtrade Limited

nd
HLL Building, 2 Floor,
9, Shakespeare Sarani,
Kolkata-=71
High end sales,

wholesale/cash and
carry trading, imports
and export, direct sales
to public sector
undertakings etc.
M/s. Sincere Watch Limited and

M/s. Kensley Vale Pte. Ltd.
8 Temasek Boulevard # 23-03
Suntee Tower 3
Singapore
New WOS
M/s. Haier International Co. Ltd.

Unit 6507-08, 65F
The Center
99, Queens Road, Central
Hong Kong
New JV
M/s. Haier Telecom (I) P. Ltd
862 Udyog Vihar, Phase V
Gurgaon 122 016
To set up a business of
duty free shops and to
undertake import and
sale of comprehensive
range of both men and
women high quality
Swiss watches and
watch accessories
Marketing and
distribution of Haier
brand Mobile phones
(Including CDMA and
GSM) marketing and
To set up a new
JV with a foreign
equity of 90% for
warehousing and
export. . Proposal
attracts
Press
Note 1 (2005
series)
Kolkata
Induction
of
foreign
equity
upto 100% in a
company
engaged
in
various
trading
activities.
Airports, To set up a WOS
seaports to undertake the
and any
business of duty
other duty free shops at
free area airports, seaports
permissible and SEZ.
under the
policy
New
To set up a new
Delhi
Joint
Venture
company with a
foreign equity of
51%
for
1.80
5.00
2.51
1.12
distribution of Haier
series FWP, software
development and other
related activities
marketing
and
distribution
of
Haier
brand
mobile phones.

5
Mr. Pucci Dante

Via Bartolini, 395
Larcianpo (PT),Italy
M/s. Davinci Leather Private

Limited
G.S>T. Road, Pallavaram,
Chennai 43
Manufacture of leather
shoe uppers
Chennai
To set up a
manufacturing
unit for leather
shoes upper with
a foreign equity
of
96.15%.
Proposal attracts
Press Note 1
(2005 series)
0.25
M/s. Cotswold Architectural

Products Ltd
Manor Pary Industrial Estate
Manor Road, Cheltenham
Gloucestershire GL 509 SQ, UK
M/s. Cotswold Architectural

Products (India) Pvt.Ltd,.
93/95, Dhanji Street,
Mumbai 3
Manufacturing
engineering products
especially Building
Hardware/Stainless
Steel Hinges, a small
scale reserved item
Valsad,
Gujarat
Allotment of equity
shares in lieu of the
value of the second
hand
machinery
imported from the
No fresh
inflow
M/s. Velcan Renewable

Energy Pvt. Ltd.
No. 9 & 10, Ist Main
Pampa Entension,
Bebbal Kempapura,
Bangalore-24
Power generation in the

renewable energy
sector
Bangalore To make foreign
POWER
7
M/s. Velcan Energy

75, BDHaussmann, 75008, Paris
France.
TELECOMMUNICATIONS
investment and to
convert
the
operating company
into operating-cumholding company in
the
area
of
renewable energy.
200.00
M/s. Horse-Shoe Capital

IPS Court, TwentyEight,
Cybercity, Ebene, Mauritius
M/s. e-Citi Infotech

Developers Pvt. Ltd.
Suite No. 1132,
Hilton Towers,
Nariman Point
Mumbai 21
Telecommunication
Infrastructure Provider
category (IP-I) business
Mumbai
To
make
downstream
investment upto
100%
in
a
company
engaged
in
Telecommunicati
on Infrastructure
Provider
category (IP-I)
45.00
M/s. Bloomingdate Hotels

Private Limited,
110, Panthirapalaya,
Mysoor Road, Bangalore -39
Bangalore
Run, purchase, build,
take on lease or in
exchange or otherwise
acquire, let out on
lease, hire existing or
new Star Hotels like 3
Star, 5 Star Grades,
lodging houses, hotels,
guest houses and all
kinds of related
activities
Induction
of
foreign equity in
hotel
sector.
The
proposal
attracts
Press
Note 1 (2005
8.60
Manufacture of plastic Hyderabad

bottles and caps,
manufacture of high
precision industrial
injection and blow
molded plastic products
and shampoo
Conversion
of
operating
company
into
operating-cumholding company
and also to make
downstream
investment
in
manufacturing of
plastic products.
TOURISM
9
M/s. Bloomingdale International

LLC
912 E, Fletcher Ave,
Tampa, FL 33612
Florida, USA
series)
ECONOMIC AFFAIRS
10
M/s. Alpla Holding GmbH

Allmendstrasse 81
A-6971, Hard, Austria
M/s. Alpla India Private Ltd

B-4, Phase I
IDA, Jeedimetla, Hyderabad
1.46
11
M/s. Lehman Brothers Investments

Pte Ltd
5 Tamasek Boulevard # 11-01,
Suntec Tower Five
Singaore 038985
M/s. Lehman Brothers

Securities Private Limited
The Raj Mahal Palace &
Towers
Room No. 209-211,
Apollo Bunder, Mumbai-1
To set up a holding
company to undertake
besides the activities of
merchant banking,
underwriting and other
financial services
activities, to undertake
the activities of Primary
Dealer in the
Government Securities
Market.
Regd.
Office in
Mumbai
and
business
activities
across
India
Thrissur,
Kerala
M/s. LB India Holdings Cayman II

Ltd
IFS Court, TwentyEight, Cybercity
Ebene, Mauritius
12
M/s. AIF Capital Development

Limited
10 Frere Felix de Valois Street,
Port Louis, Mauritius
M/s. Catholic Syrian Bank

Ltd
St. Marys College Road
Thrissur 680 020
Kerala
Banking activities
13
M/s. Tano Mauritius India FVCI,

Mauritius
Mr. Mahesh Deasi, NRI &
Mr. Bill Neimann, a foreign
shareholder
M/s. Virgo Engineers Ltd

J/517, MIDC Bhosari,
Pune -26
Manufacture of
industrial valves and
accessories
14
M/s. Consulting Engineers Corp.

8490 A
Tyco Road
Vienna VA 22102
USA
Existing Branch office

operations
Development of
computer software,
autocad computer
database and for
trading activities
Conversion
of
operating
company
into
operating-cumholding company
and to make
downstream
investment
in
subsidiaries
in
NBFC sector
Induction
of
foreign
equity
upto 15% in a
private
sector
bank. Proposal
attracts
Press
Note 1 (2005
series).
Pune,
Issue of shares
Maharashtra for consideration
other than cash
by way of share
swap and share
transfer to new
foreign investor
Delhi
Issue of shares
for consideration
other than cash
on account of
conversion
of
225.00
1.89
No fresh
inflow
No fresh
inflow
branch office into

subsidiary
Mr. Raj Jalia, NRI
COMMERCE
15
M/s. Cargil Mauritius Ltd.
M/s. Cargil India Pvt. Ltd.

13 Abul Fazal Road,
New Delhi-1
of
existing stake in
an
Indian
company
engaged
in
animal feed/acqa
culture feed, by
transfer of shares
4.90
New
Delhi
Undertaking
additional
activities related
to print media
sector
No fresh
inflow
Mumbai
Acquisition
of
additional stake
from 49% to 51%
(i. e. by 2%) in a
company
engaged
in
carrying
on
business
of
transportation,
airfreight
and
ocean
freight
forwarding,
freight handling,
0.50
Animal feed/aqua
culture feed
manufacturing
AP
Hyderabad, Acquisition
M/s. Springer (India) Private

Limited
906-907, akash Deep
Building
Barakhamba Road
New Delhi 1
Books, publications and

related products
M/s. DHL Danzas Lenuir

Private Limited
101/102,
Prime Corporate Park,
Sahar Road,
Andheri (East), Mumbai-59
Transportation,
airfreight and ocean
freight forwarding,
freight handling,
customs services and
integrated logistics

16
M/s. Springer-Verlag HmbH & Co.

KG. Germany
SHIPPING
17
M/s. Deutsche Post International

BV
Boompjes 40
3011 XB
Rotterdam, The Netherlands
customs services
and
integrated
logistics
TELECOMMUNICATIONS
18
M/s. Verizon Hong Kong Ltd, Hong

Kong
M/s. Verizon Asia Pacific Holdings
Pte Ltd
20 Raffles Place
# 16-01/08, Ocean Towers
Singapore 048620
M/s. World Communications

India Pvt. Ltd.
38, Uday Park
New Delhi 49
Provide international
long distance services
in India, besides SIP
without gateways etc.
New
Delhi
Retaining
FDI
upto 74% and
divesting 26% in
favour of Indian
partners
for
undertaking
additional activity
of
International
Long
Distance
Services.
Issue
of
ADRs/GDRs upto
a maximum of
US $ 1.2 billion
No fresh
inflow
19
FIIs
M/s. Reliance
Communications Limited
H Block, Ist Floor
Dhirubhai Ambani
Knowledge City,
Navi Mumbai - 710
Telecommunication
Business
Mumbai
5400.00
20
Mr. Mohinder Kumar Malhotra,

NRI Mr. Mohinder Kapoor, NRI,
Mr. Rajat Malhotra, NRI, Mr.
Aiaa Habib Jowhar Hayatr,
foreign natinal, Mr. Imad Habib
Jowhar Hayat, foreign national
M/s. Hayat
Communications Pvt. Ltd.
B-202, Super Mart-I
DLF City, phase IV
Gurgaon 122 022
To provide infrastructure
support and services to
telecom
companies
in
execution of their basis
telephone cellular and long
distance telecom project
and to undertake additional
activities of Infrastructure
Provide Category (IP-I)
activities
New
Delhi
To
undertake
additional
activities
of
Infrastructure
Provider
Category
(IP-I)
activities
No fresh
inflow
M/s. Mangal Keshav

Holdings Limited501,
Heritage Plaza ,J.P. Road
Opp. India Oil Colony
Andheri(W)
Banking Business
Mumbai
Induction of foreign
equity in a holding
company of NBFC
operating
subsidiaries.
Proposal
also
10.92
ECONOMIC AFFAIRS
21
M/s. Bank Muscat(SAOG),P.O.

Box 134, Postal Code 112Ruwi,
Sultnate of Oman.
attracts Press Note

1 (2005 series)
Mumbai- 53

22
M/s. Balfour Capital LLC

1227, S 7th Street,
Springfield, USA
M/s. Noble Broadcasting

No. 306 (old No. 151)
Purasawalkam High Road
Chennai 10
Entertainment services
like FM broadcasting
services, web-casting
etc.
Chennai
23
M/s. Haymarket Worldwide Ltd

1745 Hammersmith Road
London W67LP
UK
M/s. Haymarket Media

(India) Private Limited,
C/o. ALMT Legal
th
4 Floor,
Express Towers
Nariman Point
Mumbai 21
Publishing and printing

of specialist magazine
under the title
Campaign India
Mumbai
Induction
of
foreign
equity
upto 20% in a
company
engaged in FM
broadcasting
services
Induction
of
foreign
equity
upto 100% in a
company
engaged in the
business
of
publishing
and
printing and to
undertake
printing
of
magazine under
the
title
Campaign India
1.7
0.01
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 31.12.2010.
Following 19 (Nineteen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)
CORPORATE AFFAIRS
1 M/s Responsive Industries To issue warrants to carry out the business of
Ltd., Mumbai
manufacturing PVC products such as PVC leather cloth,
vinyl floorings, rigid blister films and soft sheeting.
1.75
DEFENCE PRODUCTION
2 M/s EADS Deutschland
Induction of foreign equity upto 26 per cent to carry out
GmbH and M/s LARSEN & the business of manufacturing, distributing and
TOUBRO Ltd. Mumbai
marketing of products in the market segments of
electronic warfare, military avionics, mobile systems
(defence related) and radars.
7.8
ECONOMIC AFFAIRS
3 M/s Future Ventures India Induction of foreign equity in investing company by way
Limited, Mumbai
of issue and allotment of equity shares in the IPO of the
company to FIIs and NRIs under the Portfolio Investment
Scheme (PIS).
4 M/s Standard Chartered
Bank (Mauritius) Limited,
Mauritius
To acquire equity shares of an India company which will

undertake additional business of operating a stock
exchange and specifically trade in currency and interest
rate futures.
5 M/s TSW Holding GmbH,

Austria
To set up a WOS to act as an investing company.
300.00
4.50
0.01
FINANCIAL SERVICES
6 The Karur Vysya Bank Ltd., To issue partly paid up shares.
Karur
107.50
HEAVY INDUSTRY
7 M/s Yorozu Corporation,
Japan
To set up a JV Company to undertake the business of

manufacture of chassis, suspension parts and other
automotive parts. The proposal attracts para 4.2.2.2 of
Circular No. 2 of 2010 of the Consolidated FDI Policy.
140.00

8 M/s A&E Television
Networks, LLC, New York,
USA
POST
To subscribe to the equity shares of an Indian company

engaged in up-linking and down-linking of Non-News and
Current Affairs Channels in India.
22.50
9 M/s Federal Express

Europe Inc, USA
To set up a WOS to undertake the business of Courier,

Express Transportation, Logistics and Warehousing
Services.
607.00
STEEL
10 M/s JFE Shoji Trade
Corporation, Japan
To subscribe to the shares of an Indian company engaged

in the business of manufacturing of various types of steel
38.39
products. The proposal attracts para 4.2.2.2 of Circular (USD 8,577,919)
No. 2 of 2010 of the Consolidated FDI Policy.
11 M/s Tata Steel Limited,

Mumbai
To issue warrants as part of fund mobilization plan.
1100.00

12 M/s Ennore Automotive
Logistics Limited
To make amendment in the FC approval to bring in new

foreign investor in an Investing Company.
0.39
DEFENCE PRODUCTION
To undertake new activities of manufacture parts,

components and accessories for aircraft and spacecraft No Fresh Inflow
to be supplied to civil and defence sectors.
MINES
14 M/s Hindalco Industries
Ltd., Mumbai
Ex-post-facto approval for issuance of partly paid up

shares as part of Rights Issue.
508.63 (already
brought)
TELECOMMUNICATIONS
15 M/s Wireless Business
Services Pvt. Ltd., Mumbai internet and broadband services.
371.12
16 M/s Wireless Broadband

Business Services
(Haryana) Pvt. Ltd., Delhi

internet and broadband services.
20.36

Business Services (Delhi)
Pvt. Ltd., Delhi

362.78

Business Services (Kerala)
Pvt. Ltd., Delhi

42.64
Induction of foreign equity by way of issue partly paid up

shares.
705.40
ECONOMIC AFFAIRS
19 M/s Falcon Tyres Ltd.,
Karnataka
2.
The following 16 (Sixteen) proposals have been deferred:
Sl.
No
1 M/s Aim Star Network
Induction of foreign equity upto 100 per cent to undertake the activities of
Enterprise Pvt. Ltd.,
trading of items sourced from Medium & Small Scale sector.
Mumbai
2 M/s Rhodia S.A., France
To set up a WOS to undertake the activities relating to manufacturing

chemicals relating to polyamide meant for engineering plastics and silica.
The proposal attracts para 4.2.2.2 of Circular No. 2 of 2010 of the
3 M/s Rahimafrooz Batteries To set up a WOS to undertake import and wholesale distribution of
Ltd., Bangladesh
batteries and providing after sales services in India by a company from
Bangladesh.
Products Pvt. Ltd.,
Bangalore
To undertake defence related additional activities of manufacture of parts

and accessories of aircrafts, spacecrafts.
5 M/s Kantilal Chhaganlal

Securities Pvt. Ltd.,
Mumbai
Ex-post-facto approval for issuance of warrants to carry out the business

of Stock broking activities in cash, futures and options segment.
6 M/s Dhunseri Investments To issue and allot equity shares to the non-resident shareholder
Ltd., Kolkata
consequent upon demerger.
7 M/s Netmagic Solutions
Pvt. Ltd., Mumbai
To increase foreign equity from 49 per cent to 74 per cent to carry out the
business of ISP with gateways.
8 M/s Mango Holding

Limited, Bangladesh


Broadband India Pvt. Ltd., business of Broadband wireless services, internet services and other
Delhi
10 M/s ABG Shipyard Ltd.,
Mumbai
To enter into Defence Contracts
11 M/s Jubilant Aeronautics

Pvt. Ltd. (JAPL), Delhi
Induction of foreign equity to carry out the manufacturing of different

types of Unmanned Aerial Systems (UAS) and accessories.
12 M/s Verizon
Ltd.
13 M/s Pran Beverages (India) Induction of foreign equity by a company from Bangladesh.
Pvt. Ltd., Kolkata
14 M/s Checkmate Services
Pvt. Ltd., Gujarat
Induction of foreign equity in a company engaged in private security

services.
15 M/s Reliance Broadcast

Network Ltd., Mumbai
Induction of foreign investment by FIIs, NRIs by way of fresh allotment of

shares by private placement or otherwise and/or investments through
Stock Exchanges by way of portfolio investments, upto the limit of 20% of
the total aid up capital of the company. The company is engaged in FM
Radio Broadcasting.
3.
Sl.
No
1 Mr. Jaishankar
Induction of foreign equity to carry out the business of Private Security
Ramchandran and Nicholls Agency.
Steyn & Associates (Pty)
Ltd., South Africa
2 M/s B4U Television
Network (India) Pvt. Ltd.
4.
Sl.
No
Induction of foreign equity by an erstwhile OCB to carry out the business

of up-linking a non-news and current affairs TV channel.
The following 1 (One) proposal has been withdrawn from the agenda:
Reasons
1 M/s Forbo Holding AG,

This proposal attracts para 4.2.2.2 of Circular No. 2 of 2010 of the
Lindenstrasse, Switzerland Consolidated FDI Policy. Applicants contention regarding termination of
agreement is contested by Indian partner.
*****
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 17th September, 2008.
PRESS RELEASE

meeting held on 12th September, 2008, Finance Minister, Shri P. Chidambaram has approved 12
proposals relate to Ministries/Departments, namely Commerce, Economic Affairs, Heavy
Industry, Information & Broadcasting, Information Technology and Telecommunications
Sd/( Prabodh Saxena )

Direcotr (FIPB)
Tele/Fax No. 2309 3558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 18th September,
2008 at Fax No.2309 4084/2309 2477 No further requests will be
Sd/-
( Prabodh Saxena )
Direcotr (FIPB)
Tele/Fax No. 2309 3558
1. DetailsofproposalsapprovedintheFIPBMeetingheldon12.9.2008
Sl.No.Nameofthe
applicant
FDI/NRIinflows
(Rs.Incrore)
COMMERCE
1. M/s.PicanolIndia Capitalizationofpreincorporation/preliminary
Pvt.Ltd.NewDelhi expenses
Nofreshinflow
ECONOMIC AFFAIRS
2. M/s.Automatika
Ltd,Canada
Nofreshinflow
3. M/s.PolycabWires Conversionfromoperatingcompanytooperating551.50
Pvt.Ltd.Mumbai cumholdingcompanytomakedownstream
investmentandissueofwarrants
4 M/s.GoldmanSachsToundertaketheactivitieswhicharepermitted 34.19
(Mauritius)LLC,
tobeundertakenbyaPrimaryDealerinIndia.
Mauritius
ProposalattractsPressNote1of2005
5 M/s.Sybase
ConversionfromoperatingcompanytooperatingNofreshinflow
Software(India)Pvt.cumholdingcompanytomakedownstream
Ltd.
investment
6 M/s.National
Toestablishajointventurecompanyto
570.00
HousingBankNew undertakemortgageguaranteeactivities
Delhi(2)M/s.
UnitedGuaranty
Corporation,USA(3)
International
Finance
Corporation,USA
HEAVY INDUSTRY
7 M/s.ZFIndiaPvt. Tomanufactureandsupplyofchassisand
224.75
Ltd.
drivelineproductsforpassengervehicles,rail
vehiclesandmanufactureandsupplyof
transmissionformarinecraftapplications.
ProposalattractsPressNote1of2005
8 M/s.NineDotNine InductionofFDIinacompanyengagedin
33.97
MediaworxPvt.Ltd. publishingofscientificmagazines/speciality
NewDelhi
journals/periodicalsetc.
9 M/s.SKC&CCo. Toacquireequitysharesbywayofassignmentof Nofreshinflow
Ltd.Korea
itsexistingmusictaggingservicesagreement
10. M/s.bIQ
TechnologiesLtd.
ConversionfromoperatingcompanytooperatingNofreshinflow
cumholdingcompanytomakedownstream
investment

11 M/s.Mediacom
SettingupofaJV
Worldwide
Incorporated,USA
0.24
TELECOMMUNICATIONS
12 M/s.Transcend
IncreaseinFDIbeyond49%inbuildingtowers, Nofreshinflow
Infrastructure
acquiringtowersorsecuringmanagementrights
Limited
oftowersforthepurposeofleasingorlicensing
thesharesuseofthesetowersfor
communicationsandbroadcasting
Total
Rs.1414.65crore
2.Thefollowingnine(9)proposalshavebeenrecommendedtobedeferred:
Sl.No Nameoftheapplicant Particularsoftheproposal

1 M/s.Quest
Conversionfromoperatingcompanytooperatingcumholding
ManufacturingPvt. companytomakedownstreaminvestment
Ltd.Bangalore
2 M/s.Meka
Conversionfromoperatingcompanytooperatingcumholding
InfrastructurePvt.
companytomakedownstreaminvestment
Ltd.Mumbai
3 M/s.EsselShyam
To acquire equity shares and issue of warrants to subscribe to
CommunicationLtd. compulsoryconvertiblepreferenceshare
Noida
4 M/s.DrillmecS.R.L. The applicant has branch office in India since 2001 and the
Spain
activities of the Branch Office and proposed wholly owned
subsidiary/new company are the same, which cannot operate
together
5 M/s.BenqIndiaPvt. Company has been granted approval to undertake cash and
Ltd.
carry wholesale trading for various types of telecom and IT
products,fallundertheautomaticroute(PN4(2006)],presently
thecompanyhasrequestedtoincludetheitems(viz.,monitors
& CD Rom Drivers) for which approval was granted for
manufacturing/testmarketing
6
M/s.G4SCorporate Conversionofexistingstatusofoperatingcompanyintoforeign
ServicesIndiaPvt.
owned Indian Holding Company to make downstream
Ltd.Gurgaon
investment
7 M/s.Delight
Induction of foreign equity in two Indian companies and to
InvestmentsPte.Ltd. convert their status from operating company into operating
Singapore
cumholding company for making further downstream
investments
8 M/s.Geld
To set up JV to carry out the activities of Global Positioning
ConsultancyServices System Hardware & Software and services and related
Pvt.Ltd.Mumbai
equipmentfield
M/s.ABNAMRO
Toenlargetheservicesbyofferingvalueaddedfinancialservices
Securities(India)Pvt. (non fund based) to their clients (both individual and
Ltd.
institutional)
3.Thefollowingone(1)proposalhasbeenrejected:
Sl.No Nameoftheapplicant Particularsoftheproposal

1 M/s.JSW
Expostfactoapprovalforhavingundertakentheactivityof
InfrastructureLtd,
holdingcompany
Mumbai
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 17th October, 2007.
PRESS RELEASE
meeting held on 12th October, 2007, Finance Minister, Shri P. Chidambaram has approved 14
proposals related to Ministries/Departments, namely, Bio-technology, Commerce, New &
Renewable Energy, Industrial Policy & Promotion, Information Technology, Micro, Small &
Medium Enterprises, Telecommunications and Economic Affairs. The major investment
proposals pertain to the Ministries/Departments of New & Renewable Energy
Sd/( D.K. Singh )

Director (Inv. & FIPB)
Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
requested to send their request latest by 5.00 P.M. on 18th October, 2007
at Fax No.2309 4084/2309 2477. No further requests will be entertained
later and the approval letters would be sent by SPEED POST.
Sd/( D.K. Singh )

Sl.
No.
FDI/NRI
inflows (Rs.
crore)
BIO-TECHNOLOGY
1
M/s. Intas
Biopharmaceuticals Ltd,
Ahmedabad
Induction of foreign equity in the company engaged in 0.6167

manufacture of drugs and pharmaceuticals, based on
recombinant DNA Technology.
COMMERCE
2
M/s. Bohler International To set up a WOS to undertake (i) wholesale cash and 11.00
GmbH, Austria
carry trading of ores and metals; (ii) stocking,
distribution, cutting, machining and heat treating of
special steels and (iii) wholesale cash and carry of
special steels. Proposal attracts Press Note 1 (2005
series)

3
M/s. Greenko Mauritius
Conversion of operating company viz., M/s. Balaji 480.00

Biomass Power (p) Ltd. into operatingcumholding
company to make downstream investments in power
projects
4
M/s. Wortal Technologies Transfer of shares by way of share swap, for the No inflow
Pvt. Ltd. Bangalore
purpose of acquiring an US based company Wortal
Technologies Inc. The company is engaged in design
and development of virtual web portal environments
and internet presence technologies and applications
M/s. Russell Square
Induction of 100% foreign equity in an Indian 0.015
Holding BV, Netherland
company Quasar Media Private Limited engaged in
Advertising besides other activities. Proposal attracts
MICRO, SMALL & MEDIUM ENTERPRISES

6
M/s. Eldiar India Pvt. Ltd.

Mumbai
Induction of 97% foreign equity by Eldiar 2 Private 58.20

Limited, Mauritius and Depa Mauritius Pvt Ltd, in the
company proposed to be engaged in the manufacture
of items reserved for small scale sector
ECONOMIC AFFAIRS
7
M/s. Autoline Industries

Limited, Pune
Transfer of shares by way of share swap for acquiring No inflow

51% shares in a US company Detroit Engineered
Products Inc.
M/s. Goldman Sachs

Asset Management L.P.
USA
Investment of foreign equity in an asset management 200.00

company engaged in NBFC activities including but not
limited to investment advisory services, asset
management services, portfolio management
services etc.; and a trustee company for a mutual
fund to be registered with SEBI. Proposal attracts
Press Note 1 2005 series

9
M/s. Siemens VDO

Automotive Components
Pvt. Ltd.
10 M/s. Future Capital

Holdings Ltd.
11
Formation of a new company with 100% foreign 0.01

equity by Siemens AG, Germany by restructuring the
activities of existing venture Siemens Limited. The
company to be engaged in designing, developing,
manufacturing, buy, sale, lease, hire, purchase,
distribute, assemble, export, import, repair of
automotive components.
Proposal attracts Press
Induction of additional foreign equity in a holding 6.4228
company through IPO
M/s. GFT Technologies (I) Conversion of operating company into an operating 0.05
Pvt. Ltd.
cumholding company and forming a 100% owned
downstream company. Engaged in development of
system softwares application software and other
computer software.
12
M/s. Aricent
Technologies (Holding)
Ltd.
Issue of shares by way of merger of two companies No inflow

Flextronics and Future Software, as per the scheme
approved by High Court.
TELECOMMUNICATIONS
13
M/s. Essar Telecommun

ication Holdings Limited,
Mauritius
Induction of foreign equity upto 100% in a company 500.00

engaged in the activities of infrastructure provider IP
I category
COMMERCE
14
M/s. ICD Ltd, Hong Kong
To set up a WOS to undertake business involving 1.00

bulk import, installation, testing, maintenance
etc. of security systems, under the brand name
ICD Security Solutions
Total
3.
Sl.
No.
1
2
3
1257.3145
The following 6 (six) proposals have been recommended to be deferred:

M/s. South Asia Multi

Media Technologies
Ltd, Mumbai
M/s. Sical Infra Assets
Ltd, Chennai
M/s. Bonsai
International Pvt. Ltd.
Mumbai
M/s. Millennium India
Acquisition Company
Inc. USA
Induction of foreign equity in a company engaged in FM

Broadcasting services
Induction of foreign equity upto 26% in investing companies in
infrastructure
Induction of FDI upto 31.67% in an investing company
Induction of foreign equity in two NBFC companies having

subsidiaries engaged in security market as stock broker,
distribution of mutual fund units, commodity trading, insurance
broking and merchant banking
M/s. Avens Properties

Delhi
M/s. Jalore properties

Delhi
Induction of FDI in an investing company to make Investments in

SEZs and Indl. Parks (including IT Parks), through downstream
investments in project companies to carry out the development
activity.
Induction of FDI in an investing company to make Investments in
activity.
2. In the following 1(one) proposal the applicant has been advised to first
approach RBI:
Sl.
No.
1
M/s. exlService.com
(India) Pvt. Ltd.
Postfacto approval for conversion of operating company into

operatingcumholding company which is engaged in the Internet
and voice based customer care operations, transaction processing
and software development and to act as a holding company to
hold investments in subsidiaries and joint ventures.
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe13thMay,2009
PRESSRELEASE
held on 11th May, 2009, Government has revoked the FC approval granted to M/s ByCell
TelecommunicationsIndiaPvt.Ltd.
(PrabodhSaxena)
Director(FIPB)
23093558
To
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 19th July, 2007.
PRESS RELEASE
in its meeting held on 13th July, 2007, Finance Minister, Shri P. Chidambaram has
Rs.609.8509 crores . The proposals relate to Ministries/Departments, Chemicals &
Petro chemicals, Civil Aviation, Commerce, Information & Broadcasting, Industrial Policy
& Promotion, Posts, Telecommunications, Revenue, and Economic Affairs. The major
investment proposals pertain to the Ministry/Departments of Industrial Policy &
Promotion, Information & Broadcasting, Revenue and Economic Affairs.
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
personally are requested to send their request latest by 5.00 P.M.
on 20th July, 2007 at Fax No. 2309 2477. No further requests will
SPEED POST.
The authorized person for collection of FC approval should carry a
photo identity, a proper authority letter, duly signed by the
authorized signatory of the applicant/authorized consultant. The
authority letter should also contain a specimen signature of the
authorized person. Approval letter shall not be handed over to
person without the above documents.
Sd/( D.K. Singh )
Details of FIPB proposals approved in the FIPB Meeting held on 13.7.2007

Sl.
No
CIVIL AVIATION
1
M/s. EADS India Pvt. Ltd.
New Delhi
To undertake the activities of

consultancy, training, after sales
services etc. including supply of
components by sourcing the items
from small scale sector.
2.
M/s. Saudi Economic and
To set up a holding company for
Development Company
making downstream investment in FDI
compliant activities.
3
M/s. Digicable Network
Induction of FDI upto 49% in a
(India) Pvt. Ltd. Mumbai
company engaged in transmission
through Cable Network
ECONOMIC AFFAIRS
4
M/s. Quinn Hotels Sweden
Form a 100% owned holding
AB, Sweden
company for investments in
construction development activities
and acquiring existing company
engaged in development of hotels
5
M/s. IBS Software Services
Transfer of shares upto 6.86% of the
Private Limited
equity of the company by way of
share swap to acquire an UK
company
6
M/s. Google Holdings Pte.
Ltd. Singapore
subscribing to 30% units of M/s.
Ventureast Tenet fund II, a SEBI
registered venture capital fund
7
M/s. Bhilwara Energy Ltd,
Induction of foreign equity upto
Noida
8.26% in a company making
investment in other companies
engaged in power generation and
transmission
8
M/s. Lundbeck India Pvt.
For permission to undertake drugs &
Ltd.
pharmaceuticals by getting the
formulations manufactured either by
itself or through any third party. An
amendment of the existing approval
of the year 2002.
FDI/NRI
inflows (Rs. In
crore)
0.53
46.00
41.00
313.22
No fresh inflow
15.00
6.0273
No fresh inflow
M/s. Pacifica Infrastructure

Co. Pvt. Ltd.
REVENUE
10
M/s. Flemingo Duty Free
Shop Pvt. Ltd.
11
M/s. Flemingo (DFS) Pvt.

Ltd.
TELECOMMUNICATIONS
12
M/s. Essar Telecom
Investments Ltd
COMMERCE
13
M/s. Wah Luen Electronic
Tools Co. Ltd.
Induction of additional foreign equity 59.85

in a holding company by existing
foreign collaborator by way of equity
and convertible debentures and
another foreign collaborator viz.,
Pramerica ASPF II Cyprus Holding Ltd.,
by way of convertible debentures
Induction of foreign equity by M/s.
80.00
Walker Investments in a company
engaged in setting up duty free shops
at airports and seaports
Induction of foreign equity by M/s.
20.00
Walker Investments in a company
engaged in setting up duty free shops
at airports and seaports
1.535
Increase in foreign equity by Essar
Communications Ltd, Mauritius from
99.14% to 100% by way of acquisition
or buy back of shares
1.02
To set up a JV company with 51%
foreign equity to undertake Single
brand retail trading of electronic
goods and tools sold under the single
brand name of CT Brand
1.939
14
M/s. Sara Services &
Induction of 76% Foreign equity in a
Engineers Pvt. Ld. New
company engaged in the activity of
Delhi
manufacturing and marketing of
equipments and components used in
oil drilling. Proposal attracts Press Note
1/2005
POSTS
15
M/s. Trilogi Business Services To set up a WOS to undertake courier 0.60
Pvt. Ltd.
related services under franchise
agreements
ECONOMIC AFFAIRS
16
M/s. ISS Management
Conversion of operating company
22.00
Services Pvt. Ltd. Mumbai
into operating-cum holding company
for making downstream investments
and also undertaking Facility
Management Services
17
M/s. ORIX Corporation,
Induction of foreign equity upto 5% in 1.1296
Japan
IL&FS Securities services Ltd., proposed
to be engaged in the business of
providing depository participants

services, etc. Proposal attracts Press
Note 1(2005 series)
Crore
Rs. 589.8511
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 22nd March, 2007.
PRESS RELEASE
Based on the recommendations of Foreign Investment Promotion Board
(FIPB) in its meeting held on 14th March, 2007, Finance Minister, Shri P.
Chidambaram has approved 27 proposals of Foreign Direct Investment
amounting to Rs.829.93 crore. The proposals relate to Ministries/Departments,
namely, Commerce, Civil Aviation, Food Processing Industries, Heavy Industry,
Industrial Policy & Promotion, Information & Broadcasting, Petroleum & Natural
Gas, Revenue, Telecommunications, Textiles, Urban Development
and
Economic Affairs.
Ministry/Departments of Food Processing Industries, Information & Broadcasting,
Revenue, Urban Development and Economic Affairs.
Also, based on the recommendations of Foreign Investment
Promotion Board (FIPB) in its meeting held on 20th March, 2007, Finance
Minister, Shri P. Chidambaram has approved 2 proposals of Foreign Direct
Investment amounting to Rs. 7.727 crore. The proposals relate to Department of
Commerce and Ministry of Information & Broadcasting.
Sd/( D.K. Singh )
Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chouhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
PROPOSALS APPROVED IN THE FIPB MEETING HELD ON 14.3.2007

S.No.

existing/proposed foreign
company
COMMERCE
1
M/s. Lornamead
Acquisitions Limited
Sabre House, London Road
Camberley, Surrey, UK
M/s. Socomec S.A.

Siege Social
1 rue de Westhouse
B.P. 10
F-67235, Benfield Cedex
France
CIVIL AVIATION
3
M/s. Elbit Systems Ltd
Advanced Technology
Center
P.O. Box 539, Haifa 31053
Israel

4
M/s. AGEL Enterprises LLC
5252 N Edgewood
Drive, Suite 300, Provo,
Utah, USA

Indian company, if
already incorporated
Location
Particulars of
the proposal
FDI/NRI
Inflows
(Rs. In
crore)
M/s. Lornamead Personal

Care Private Limited
Mumbai
Mumbai
0.01
M/s. Socomex-Numeric
UPS Private Limited
Numeric House
No. 5, Sir P.S. Sivasamy
Salal, Mylapore, Chennai
Chennai
To undertake
activities of
sourcing of
products from
contract/toll
manufacturers
including SSI
units for
further sale to
distributors
Induction of
foreign equity
upto 50% in a
company
engaged in
the business
of marketing
and
distribution of
single
SOCOMEC
brand UPS
systems and
related
accessories
M/s. Hindustan
Aeronautics Ltd
Cubbon Road, Bangalore
Bangalore
To set up a
Joint Venture
company with
a foreign
equity of 26%
to undertake
manufacture
of parts and
accessories
for aircrafts or
spacecrafts
etc., and
design,
development
in the sector of
avionics
1.99
M/s. AGEL India

Enterprises Pvt. Ltd.
144, NPL Anjali, 264 MTH
Road, Villivakkam,
Chennai
Chennai
Induction of
foreign equity
upto 100% by
way of
acquisition
and additional
investment in
a company
proposed to
be engaged in
Test
Marketing of
11.25
6.75
imported Food
Supplements
in Gel Form
and cosmetic
products,
along with
setting up
manufacturing
facility by third
parties
INFORMATIN & BROADCASTING
5
M/s. CV Global Holdings Inc
C/o. International Financial
Services Limited, IFS Court
Twenty Egith, Cybercity,
Ebene,
Mauritius
TEXTILES
6
M/s. Treves S.A.
109, rue du Fbg St-Honore
75373
Paris, Cedex 08, France
URBAN DEVELOPMENT
7
M/s. GS Strategic
Investments Limited
Level 3, Alexander House,
35 Cybercity, Ebene,
Mauritius
M/s. Independent News

Service Private Limited
2nd Floor, 75, Amrit Nagar
South Extension-I
New Delhi
New Delhi
Induction of
foreign equity
by way of
issue of
convertible
preference
shares and
purchase of
shares from
the secondary
market of a
company
engaged in
Television
News
Broadcasting
50.96
New JV
Not
indicated
A JV company
with a foreign
equity of 50%
to be engaged
in Design,
develop,
manufacture
(by subcontracting
and
outsourcing),
market, sell
and
distribution of
knitted and/ or
woven textiles
for internal
furnishing of
automobiles or
such other
products as
may be
agreed
between
Treves and
Raymond
0.54
M/s. Infrastructure
Leasing & Financial
Services Ltd.
The IL&FS Financial
Centre
Plot C_22, G Block
Bandra-Kurla complex
Bandra (East)
Mumbai
Induction of
foreign equity
upto 5% by
way of
acquisition/su
bscribing
shares of the
company
8.33
(ILF&S )
engaged in
project
development,
implementation,
construction
management
and
operations
relating to
road sector
projects in
India including
projects which
are
implemented
on a public
private
partnership
format.
ECONOMIC AFFAIRS
8
M/s. Samuels Jewellers Inc.
USA
M/s. Gitanjali Gems

Limited
6, Back Bay View, 3rd
Floor
Mama Paramanand
Road,
Opera House, Mumbai-4
Mumbai
M/s. JM Financial India

Property Fund Ltd
C/o. Citco (Mauritius)
Limited
5th Floor, One cathedral
Square
Jules Koenig Street,
M/s. JM Financial Trustee

Company Private Limited
5th Floor, A Wing,
Laxmi Towers,
Bandra-Kurla Complex,
Mumbai-51
Mumbai
10
M/s. OZ Management LLC

9 West 57th Street,
39th Floor, New York, USA
M/s. Future Capital

Holdings Limited
Knowledge House,
Shyam Nagar
Off. Jogeshwari Vikhroli
Link Road, Jogeshwari
(East)
Mumbai
Mumbai
Issue of
shares by way
of share swap,
in the course
of acquisition
of a US
company
Samuels.
Company is
engaged in
the business
of
manufacturing,
trading and
exporting
diamonds and
jewelry
To receive and
accept
investment/
contributions in
the units of VC F
for making
investment in
equity/preferen
ce shares etc.
of Indian
venture capital
undertakings
engaged in real
estate
development
projects
Induction of
foreign equity
in a holding
company
having
downstream
operating
NBFC
subsidiaries
No fresh
inflow
560.00
5.50
11
M/s. Deutsche Boerse AG

Neue Boersenstrasse 1,
60487
Frankfurt/Main, Germany.
M/s. Bombay Stock

Exchange Limited
Floor 25, P.J. Towers,
Dalal Street,
Mumbai -1
Mumbai
M/s. Singapore Exchange

Limited
2, Shenton Way
#19-00 SGN Centre I
Singapore 068801
Induction of
foreign equity
upto 10% from
two foreign
investors by
way of
acquisition of
shares in the
course of
0.1016
implementation
of
demutualization
12
M/s. The Hershey Company

601, Pennsylvania Avenue,
Suite 900
South Building
Washington DC 20004
M/s. IL&FS Financial

Centre,
Plot C-22, G Block,
Bandra-Kurla Complex
Bandra East, Mumbai-51
Mumbai
13
M/s. Five Star Hospitality

Investment Limited
Major House, Ist floor
Cnr. Street, George/Chazal
Street,
M/s. Krizm Hotels Pvt.

Ltd.
N.A
COMMERCE
14
M/s. Nice Systems Ltd,
8, Hapnina Street,
P.O. Box 690
RaAnnana, Israel
15
M/s. Befesa Construction y
Tecnologia Ambiental S.A.U
Aveenidas de las Buhaira
2, Sevilla (Spain)
M/s. Wisnome
Entertainment
scheme
Induction of
foreign equity
by way of
acquisition of
shares upto
51% of the
equity of the
company
engaged in
the business
of
manufacture
of fruit and
vegetable pulp
and puree,
fruit pulp and
juice based
beverages etc.
which are SSI
reserved
items.
Conversion of
nonrepatriable
equity into
repatriable
equity.
Company is
engaged in
development
and operation
of hotels
51.28
No fresh
inflow
M/s. Nice Interactive

solutions India Pvt. Ltd.
Not
indicated
Imposition of a
post approval
condition
No fresh
inflow
M/s. Chennai Water

Desalination Ltd.
No 30A, South Phase,
6th Corss Road
Thiru Vi. Ka Industrial
Estate
Guindy, Chennai 32
Chennai
Increase in
foreign equity
from 25% to
30%.
Company is
engaged in
desalination of
sea water,
purification of
water to make
it potable, to
drinking and
8.22
other
purposes etc.
HEAVY INDUSTRY
16
M/s. Keihin Corporation
HK-Shinjoku Building
4-3-17
Shinjuku Ku Tokyo, Japan
M/s. Keihin Fie Pvt. Ltd.

B-3, MIDC Chakan
Village-Mahalunge
Chkan-Talegaon Road
Tal. Khed,
Distt. Pune 410 501
Maharashtra
Pune
Payment of
lumpsum fee
beyond the
permissible
limit under
automatic
route.
Company is
engaged in
manufacture
of automobile
components
and parts
No fresh
inflow
Chennai
Request for
deletion of the
condition
under clause 5
of the
approval letter
viz., the
company will
not involve in
the
manufacturing
activities
No fresh
inflow
M/s. You Broadband

Networks India Private
Ltd.
Ground Floor, Building
No. 1-C,
Nirlon Complex
Off. Western Express
Highway
Goregon (E), Mumbai
Mumbai
Not
indicated
M/s. Haymarket SAC

Publishing (India) Private
Ltd.
4, Rockdale,
16 LD Ruparel Marg,
Mumbai 6
Mumbai
Conversion of
operating
company into
operating-cum
holding
company and
to make down
stream
investment
upto 49% in
an Indian
company
engaged in
Cable Network
Business
Increase in
foreign equity
from 50% to
75% by way of
transfer of
shares. The
company is
engaged in
the print
media sector.

India Private Limited
415-416, Shri Nand
Dham
Plot No. 59, Sector 11
CBD Belapur,
Navi Mumbai 400 614
Mumbai

17
M/s. Man Takraf
M/s. Man Takraf (India)
Fordertechnik GmbH
Pvt. Ltd.
Torgauer Strabe 336, 04347 Chennai
Leipzig, Germany

18
M/s. BG Energy Holdings
Limited,UK
M/s. You Telecom Mauritius
Ltd.
19
M/s. Haymarket Magazins

Ltd. UK ( now Haymarket
Consumer Media Ltd. UK)

20
Holding BV, Netherlands
Deletion of
clause the
company
shall have to
divest 26% of
its equity in
favour of
5.00
No fresh
inflow
21
M/s. Shell Gas BV and

Petroleum Assurantie
Maatschappi BV ( WOS of
the Royal Dutch/Shell Group
of Companies)
REVENUE
22
M/s. Citigroup Venture
Capital International
Mauritius Ltd.
IFS Court, Twenty Eight
Cybercity,
Ebene, Mauritius
ECONOMIC AFFAIRS
23
M/s. Merrill Lynch
(Mauritius) Investment
Holding and
M/s. Merrill Lynch Holdings
(Mauritius)
24
M/s. Winning Alliance ApS,

M/s. FH Holding ApS and
Mr. Poul Renes Larsen
Indian parties
over a period
of 5 years.
The company
is engaged to
carry on LPG
business
including
import,
storage,
bottling,
distribution,
blending and
sale of LPG
and related
appliances
and fittings.
Deletion of
clause the
company
shall have to
divest 26% of
its equity in
favour of
Indian parties
over a period
of 5 years.
The company
is engaged in
marketing
transportation
fuels.
No fresh
inflow
M/s. Shell India Marketing

Private Limited
Business Centre,
Innovator Building
International Tech Park
Whitefiled,
Bangalore 560 0676
Bangalore
N/s. Flemingo (DFS)

Private Ltd.
D-73/1 TTC Industrial
Area MIDC-Turbhe, Navi
Mumbai
Mumbai
Issue of
convertible
preference
shares
equivalent to
Rs. 20.00
crore to be
converted into
equity shares
at a later date.
The company
is engaged in
setting up of
duty free
shops at
airports and
seaports
20.00
M/s. DSP Merrill Lynch

Limited
Mafatlal Centre,
10th Floor, Nariman Point
Mumbai 21
Mumbai
No fresh
inflow
M/s. Four soft Limited

5Q1 A2 Cyber Towers,
Hitec ity, Madhapur,
Hyderabad 500 033
Hyderabad
Approval for
an operating
subsidiary to
be engaged in
Primary
Dealership
Business
Issue/allotment
of shares for
consideration
other than
cash (by way
No fresh
inflow
of share swap)
in the course
of acquisition
of a Denmark
company.
The company
is engaged in
IT services
REVENUE
25
M/s. Citigroup Venture
Capital International
Mauritius Ltd.
IFS Court, Twenty Eight
Cybercity,
Ebene, Mauritius

26
M/s. United Business Media
Plc by itself or through its
affiliates and/or nominees
REVENUE
27
M/s. Alpha Airport Group
plc. UK and/or its
subsidiaries, or associate
companies
M/s. Flemingo Duty Free

Shop Private Limited
D-73/1, TTC Industrial
Area,
MIDC, Turbhe, Navi
Mumbai
Navi
Mumbai
Issue 10 lakh
convertible
preference
shares to be
converted into
equity shares
of the
company at a
later stage.
Company is
engaged in
setting up of
duty free
shops at
airports and
seaports
100.00
M/s. UBM India Pvt. Ltd.

Sagar Tech Plaza A 615617,
6th Floor, Andheri Kurla
Road
Saki Naka Junction
Andheri (East) Mumbai
Mumbai
To undertake
additional
activities of
publishing of
scientific/techn
ical and
speciality
magazines/per
iodicals/
journals other
than in the
areas of news
and current
affairs
No fresh
inflow
M/s. Alpha Kreol India

Private Limited
Not
indicated
Conversion of
holding
company into
operatingcum-holding
company to
run and make
downstream
investment in
the business
of setting up of
duty free
shops and
related
infrastructure
(bonded
warehouse)
No fresh
inflow
PROPOSALS APPROVED IN THE FIPB MEETING HELD ON 20.3.2007

S.No.

existing/proposed foreign
company

Indian company, if
already incorporated
Location
Particulars of
the proposal
FDI/NRI
Inflows
(Rs. In
crore)
M/s. Flemingo Jewellery

India Private Limited
D-73, TTC Industrial
Area-MIDC
Turbhe, Navi Mumbai
Mumbai
To set up a
duty free shops
at various
Indian Airports,
seaports, with a
foreign equity
upto 51%
2.295
Mumbai
Increase in
foreign equity
by 10.83% by
M/s. Monet
Limited.
Company is
engaged in
Cable TV
services and as
Internet Service
Provider.
5.432
COMMERCE
1.
M/s. Damas Jewelery LLC

P.O. Box 1522, Dubai, UAE

2.
M/s. Monet Ltd, IFS Court

Twenty Eight, Cybercity,
Ebene, Mauritius
M/s. Asian Cable Systems
Pvt. Ltd
10, Frere Felix de Valios
Street,
M/s. Hathway Cable &

Datacom Pvt. Ltd.
Rahejas, 4th Floor,
Main Avenue,
Santacruz (W)
Mumbai-54
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 24th December, 2007.
PRESS RELEASE
meeting held on 14th December, 2007, Finance Minister, Shri P. Chidambaram has approved 19
proposals related to Ministries/Departments, namely, Agriculture & Cooperation, Chemicals &
petro-chemicals, Commerce, Health & Family Welfare, Industrial Policy & Promotion, Information
& Broadcasting, and Economic Affairs. The major investment proposals pertain to the
Ministries/Departments of Agriculture & Cooperation and Economic Affairs
Sd/( P.K. Bagga )

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
Copyto:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 26th December,
2007 at Fax No.2309 4084/2309 2477/23094172 No further requests will
be entertained later and the approval letters would be sent by SPEED
POST.
Sd/( P.K. BAGGA )

OSD(CM & I)
PROPOSALSAPPROVEDINTHEFIPBMEETINGHELDON 14.12.2007.
COMMERCE
Sl.No.Nameofthe
applicant
Conversion of operating company into an

operatingcumholding company to make
furtherdownstreaminvestments
To set up a Joint venture company to
2
undertakebodybuildingofbuses.Proposal
attractsPressNote1(2005series)

3 M/s.MiddlesbroughTo set up a wholly Owned subsidiary to
OilsUKLtd,UK
undertake extraction of crude Jatropha oil
fromJatrophaseeds
1
M/s.Brand
Marketing(India)
PrivateLimited
M/s.Daimler
ChryslerA.G.
Germany
FDI/NRIinflows(Rs.In
crore)
Nofreshinflow
Notindicated
200.00(approx)

4 M/s.WisecGlobal Issue of shares for consideration other than Nofreshinflow
Ltd.
cash
Acquisitionof100%sharesofanIndian
5 M/s.Publicis
GroupeHoldingBV, companyengagedinthebusinessofpublic
relationsandadvertising.Proposalattracts
Netherlands
6 M/s.D.B.Corp.Ltd. Transfer of shares among two companies
Ahmedabad
consequentupontheorderofHighCourtof
Gujarat.
ECONOMIC AFFAIRS
Acquisition of additional 5% shares from
7 M/s.Dunbay
CompanyLimited, DelhiStockExchange
Cyprus
Postfactoapprovalforissueofsharespartly
8 M/s.ORG
by way of cash and partly by way of share
InformaticsLd,
swap
Gurgaon
9 M/s.FirstApex
Software
TechnologiesPvt.
Ld.Bangalore
Conversion of advance (credit balance) from
10 M/s.OSAKA
the foreign collaborator into convertible
Pharmaceuticals
debentures and further issue of convertible
Pvt.Ltd.
debenturestotheforeigncollaborator
0.10
Noinflow
10.61
16.17
Nofreshinflow
Nofreshinflow

11 M/s.Mitsui&Co., Issueofsharesinlieuoftransferofliaison
IndiaPvt.Ltd.
office
ECONOMIC AFFAIRS
12 M/s.DFSVentures Induction of foreign equity by way of
Singapore(Pte.)Ltd.subscription to fully convertible preference
shares
or
compulsorily
convertible
debentures
13 M/s.NSKLtd,Japan To set up a WOS to undertake wholesale
trading in bearings on cash and carry basis,
including
sales
to
industrial
customers/distributors. Proposal attracts
14 M/s.Rakindo
Conversion of status of operating company
DevelopersPvt.Ltd. into operatingcumholding company to
makedownstreaminvestments
Conversion of operating company into
15 M/s.Trivikram
Constructionsand operatingcumholding company to make
DevelopersPvt.Ltd. downstreaminvestments
Induction of foreign direct investment
16 M/s.Global
(includinginvestmentbyFIIs)upto26%ina
BroadcastNews
company engaged in uplinking of news and
Limited
currentaffairs
17 M/s.Redington
operatingcumholding company to make
(India)Limited,
downstreaminvestmentinNBFCactivities
Chennai
18 M/s.Chowdhury To undertake additional activities of film
EnterprisesPvt.Ltd. related services like editing, digital sound
recordingandtelecinetransfer
19 M/s.KSKEnergy
Induction of foreign equity in an investment
VenturesPvt.Ltd. company engaged in infrastructure sector,
pursuanttoglobalrestructuring.
Total
19
Nofreshinflow
Nofreshinflow
Nofreshinflow
indicated
Nofreshinflow
Nofreshinflow
500.00(approx)
Nofreshinflow
Nofreshinflow
Nofreshinflow
Rs.726.88Crores
2.
Thefollowingtwo(2)proposalshavebeenrecommendedtobedeferred:
M/s.B.A.G.FilmsandMedia Inductionofforeigninvestmentinaholdingcompanyhaving
downstreaminvestmentinthecompaniestobeengagedinup
Ltd,Noida
linkingnewschannels,nonnewschannelsandFMRadio
M/s.B.A.G.Films&Media
Limited,Noida
InductionofforeignequitybywayofissueofForeignCurrency
ConvertibleBonds(FCCBs)inaholdingcompanyhaving
downstreaminvestmentinthecompaniestobeengagedinup
3.
In the following 2 (two) proposals, the applicant has been advised to access
automaticroute:
1 M/s.UltralifeBatteriesIndia Acquisitionofsharesupto51%inacompanyengagedin
Pvt.Ltd.Bangalore
themanufactureofbatteries
2
4.
M/s.NortelNetworksLtd,
Canada
Inductionofforeignequitybywayofsubscribingtowarrants
againstwhichshareswillbeissuedinfuture
TheproposalofM/sGSStrategicInvestmentLtd.Mauritiuswaswithdrawnfromtheagenda.
****
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 03.12.2010
Sl. No. Name of the applicant
FDI/NRI inflows
(` In crore)
ECONOMIC AFFAIRS
1
M/s Knowledge
Investments (Mauritius)
Ltd., Mauritius
Approval to purchase Class A Units of a Fund.

0.026
M/s L&T Finance Holdings Induction of foreign equity in an investing company by

Ltd., Mumbai
way of Initial Public Offer (IPO).
641.25
HEAVY INDUSTRIES
3
M/s Gigant India

Automotive Pvt. Ltd.,
Maharashtra
Induction of foreign equity to set up a new JV through

an investing company.
M/s Konecranes Finance

Corporation, Finland

financing, investment and consultancy activities in the
field of manufacture of cranes. The proposal attracts
para 4.2.2 of Circular No. 2 of 2010 of the Consolidated
FDI Policy.
1.47
169.00
CORPORATE AFFAIRS
5
M/s Catvision Products

Limited, Delhi
To issue and allot convertible warrants to carry out the

business of manufacturing of CATV equipment.
1.38
Induction of foreign equity to undertake activity relating

to defence production.
42.82
To increase foreign equity participation to carry out the

business of providing courier and logistics activities.
27.22
DEFENCE
6
M/s Tata Advanced

Systems Limited, Delhi
POST
M/s Elbee Express Pvt.

Ltd.
TELECOMMUNICATIONS
8
M/s Alan Dick & Company To undertake the additional activity relating to
infrastructure provider (IP Category I).
No Fresh Inflow
2.

No
1 M/s Intel Capital
To make investment by subscribing to warrants in an investing company.
Corporation, U.S.A.
2 M/s ABG Shipyard Ltd.,
Mumbai
To enter into Defence Contracts
Induction of foreign equity by an erstwhile OCB to carry out the business

Network (India) Pvt Ltd. of up-linking a non-news and current affairs TV channel.
4 M/s Hindalco Industries Ex-post-facto approval for issuance of partly paid up shares.
Ltd., Mumbai
To undertake activities of manufacture parts, components and

accessories for aircraft and spacecraft to be supplied to civil and defence
sectors.
6 M/s Verizon
Pvt. Ltd.


8 M/s Checkmate Services Induction of foreign equity in a company engaged in private security
Pvt. Ltd., Gujarat
services.

Radio Broadcasting.

Mumbai


Services Pvt. Ltd.,
Mumbai
Induction of foreign equity to carry out the business of internet and

broadband services.
12 M/s Wireless Broadband Induction of foreign equity to carry out the business of internet and
Business Services
(Haryana) Pvt. Ltd., Delhi broadband services.

Business Services (Delhi) broadband services.
Pvt. Ltd., Delhi
Business Services
broadband services.
(Kerala) Pvt. Ltd., Delhi
3.

Sl.
No
M/s Pharmac Analytic

Solutions Pvt. Ltd.,
Bangalore
Issue of shares for other than inward remittances.
M/s Asha-Kiran Shelters

Foundation, Pune
Ex-post-facto approval for induction of foreign equity to carry out social

rehabilitation centre.
M/s Forbes Bumi Armada

Ltd
M/s Associated
Broadcasting Co. Pvt. Ltd.,
Hyderabad
In pursuance of the merger proposal to issue and allot compulsory

convertible preference shares on the date of completion of the merger.
The company is engaged in the TV Channel Broadcasting.
M/s Flagship Infrastructure Ex-post-facto approval for issuance of warrants.

Pvt. Ltd., Mumbai
M/s DLF Limitless

Developers Pvt. Ltd., Delhi completion of minimum capitalization norms of the company.
4.
The following 2 (Two) proposals have been withdrawn from the agenda.
Sl.
No
Reasons
1 M/s Forbo Holding AG,

Lindenstrasse,
Switzerland
Withdrawn from the Agenda as the applicant has not provided the
additional information.
2 M/s MSC Agency (India)

Pvt. Ltd., Mumbai
Withdrawn from the Agenda since the activity is on automatic route, FIPB
approval is not required.
5.
investment involved in the proposals is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
FDI/NRI inflows (` in crore)
Investment by subscribing to the Class A units of a 5750 (maximum, exact

1 M/s Enam India
Infrastructure Fund Fund.
quantum to be communicate
Limited, Mauritius
on closure of fund.
*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Sd/(B.D. Barua)
Tele No.: 2309 4979
Fax No.: 23094084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 31.12.2012
Following 04 (Four) proposals have been approved.
Sl.
No.
Name of the
applicant
FDI/NRI inflows
(` In crore)

1 M/s Pran
Change in foreign collaborator and increase in foreign
Beverages (India) equity participation to carry out the business of manufacture
Pvt. Ltd., Kolkata of fruits/vegetables juices and their concentrates, squashes
and powders, and manufacture of Beverages n.e.c.
30.25
PHARMACEUTICALS
2 M/s Hospira Inc.,
USA, M/s Hospira
Pte Ltd.,
Singapore, and
M/s Hospira
Healthcare India
Pvt. Ltd.
3 M/s Perrigo API
India Pvt. Ltd.,
Mumbai
Induction of foreign equity into Indian company which

will
acquire
manufacturing
facilities
in
the
1194.75

manufacture of pharmaceutical ingredients.
55.00
TELECOMMUNICATIONS
4 M/s InterCall Asia To set up a WOS to undertake the business of providing
Pacific Holdings audio, video and web conferencing services for business,
Pvt. Ltd.,
commercial, banking and other establishments.
Singapore
2.
6.75
The following 02 (Two) proposals have been deferred:
Sl.
No
Name of the
applicant
1 M/s Alliance
Insurance Brokers
Private Limited,
Mumbai
2 M/s Aon Holdings
B.V., Netherlands
3.

carry out the business of insurance broking.
Post facto approval for induction of foreign equity to carry out the business
of Insurance broking, and risk advisory services.
Sl. No
1 M/s Ingka Holding Overseas B.V.
*****
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on June 16, 2009, Government has approved 01 Proposal of Foreign Direct Investment.
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
4.
16.06.2009
Following 01 (One) proposal has been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
Aggrieved with the recommendation of the FIPB, the

Indian JV partner i.e Houghton Hardcastle India Pvt. Ltd
filed a writ in Delhi High Court. The Delhi High Court in
its order dated May 28,2009 in LPA/221/2009 & CM No.
149/2009, has asked the FIPB to hear both the parties &
convey the decision by July 6, 2009.
No fresh inflow

1 M/s Houghton
International Inc., USA
2.

Sl.
No

Pune
Construction and Material Technology. The proposal attracts Press Note 1
of 2005.
*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 22nd November, 2007.
PRESS RELEASE
meeting held on 16th November, 2007, Finance Minister, Shri P. Chidambaram has approved 22
proposals related to Ministries/Departments, namely, Commerce, Food Processing Industries,
Heavy Industry, Industrial Policy & Promotion, Information & Broadcasting, Shipping, Railways
and Economic Affairs. The major investment proposals pertain to the Ministries/Departments of
Heavy Industry, Shipping, Railways Economic Affairs
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
DetailsofproposalsapprovedintheFIPBMeetingheldon16.11.2007
Sl. NameoftheapplicantParticularsoftheproposal
No.
COMMERCE
of
pre
1 M/s.GeorgiaPacific Capitalization
KemrockInternational incorporation/preliminary expenses made by
theforeigninvestor,bywayofissueofshares
Pvt.Ltd.Vadodara
2 M/s.MetalOne
Corporation,Japan
activities of import, maintain stock,
inventories and sale of the products within
India and overseas. Proposal attracts Press
Note1(2005series)
To set up a trading company with a foreign
3 M/s.PalfingerAsia
equityofupto74%undertakeImportandsale
PacificPte.Ltd.
totheendusers/customersofPalfingertruck
Singapore
mountedkuckleboomscranes,hookleaders,
etc,andtheiraftersaleservice.Proposalalso
involvessourcingofitemsfromSSSector.
4 M/s.EricKozlowski, To set up a WOS to undertake trading of
USA
itemssourcedfromsmallscalesector
5 M/s.CrocsInc.
To setupanewJointVenturewithaforeign
equity of 51% to undertake the business of
single brand retail trading of footwear and
apparelsunderthesinglebrandCROCS
6 M/s.RejoireNatural Induction of foreign equity upto 100% in a
company engaged in the manufacture of
CreationsPrivate
items reserved for SSI sector viz.,
Limited,Mysore
manufacture of natural perfumes and
essential oil, handmade products like bags
and house hold furniture and natural soft
drinks
HEAVY INDUSTRY
7 M/s.YachiyoIndustry To set up a new WOS to undertake
Co.Ltd.Japan
manufacture of plastic fuel tanks for
automobiles. Proposal attracts press Note 1
(2005series)
8 M/s.UPMKYMMENE To set up a new JV with a foreign equity of
OYZ.,Finland
50% to undertake the activities of trading in
recycledpaper
FDI/NRIinflows
(Rs.Incrore)
Nofreshinflow
2.90
2.90
0.25
2.04
0.03
30.00
14.50
SHIPPING
TosetupanewWOS/JointVenturecompany
9 M/s.CWT
InternationalPte.Ltd. to undertake warehousing, storage and
container freight station business and other
Singapore
ancillary/auxiliary
activities
connected
thereto.ProposalattractsPressNote1(2005
series)
ECONOMIC AFFAIRS
Induction of FDI in an Investment company
10 M/s.Bluechip
CorporateInvestment which has existing downstream companies.
CentreLimited,
operatingcumholdingcompany
Mumbai
11 M/s.CroupierPrive Investment of upto 5% equity in Central
PrivateEquityFund DepositoryServicesLimited
L.P.Delaware
Issue of shares in lieu of acquiring the
12 M/s.MaplesESM
TechnologiesPvt.Ltd. businessofanUScompany,inITsector
Chennai
Issue of shares in lieu of transfer of branch
13 M/s.SCICOM
TechnologiesPvt.Ltd. officebusinessofthesameforeigninvestor
NewDelhi
14 M/s.PTCIndia
engagedinleasingandfinanceintooperating
FinancialServices
cumholding company, and induction of
Limited,NewDelhi
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
15 M/a.AngelInfinPvt. InductionofforeigninvestmentbyIFCofupto
Ltd.Mumbai
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
solutionservices
16 M/s.Accentia
Transfer of shares by way of share swap for
TechnologiesLimited acquiring 3 US based companies engaged in
HealthBPOServices
17 M/s.AnestIwata
MothersonLtd.
downstream investment in companies
engagedintrading,marketingandservicingof
24.00
20.50
16.00
Nofreshinflow
Nofreshinflow
155.74
152.00
Nofreshinflow
Nofreshinflow
aircompressorsandassociatedspareparts&
accessoriesetc.
ECONOMIC AFFAIRS
18 M/s.HPFinancial
Services(I)Pvt.Ltd.
Toundertakeadditionalactivitiesoffinancing Nofreshinflow
andleasing
Issue of shares against advance paid for Nofreshinflow

19 M/s.Smartronics
SolutionsIndiaPvt. purchaseofsecondhandmachinery
Ltd.
Issueofsharesagainstamountreceivedinthe Nofreshinflow
20 M/s.Rajasthan
LeatherIndustriesLtd, account of a third company due to the
accountoftheinvesteecompanybeingfrozen
Jaipur
RAILWAYS
21 M/s.SicalInfraAssets Induction of foreign equity upto 26% in 106.6
Ltd,Chennai
investingcompaniesininfrastructuresector
To undertake additional activities of Nofreshinflow
22 M/s.WaiWireand
CableServicesPrivate publishing specialty journal under the title
WireBulletin
Limited,USA
Total
511.4616 Cr
3. Thefollowing13(thirteen)proposalshavebeenrecommendedtobedeferred:
1.
M/s.AVASeedsPvt.Ltd.
Bangalore
M/s.Dolce&Gabbana
M/s.GlobalAssetsHolding
CorporationPrivateLimited,
Mumbai
M/s.SistemaJointStockFinancial
Corp.Russia
M/s.UniversalSuccess
EnterprisesLtd,Tortola
4
5
M/.s.UniversalSuccess
EnterprisesLtd.,Tortola
change in the status of the operating company

into an operating cum holding company for
making further downstream investments.
ProposalalsoattractsPressNote1of2005
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&GabbanaandDGDolce&Gabbana
FDI in a holding company having subsidiaries in
theTelecomSector
IncreaseofFDIfrom10%upto74%inacompany
engagedintelecomsector
To set up a WOS to hold downstream
investmentsinvariousIndiancompaniesengaged
indevelopmentofSEZs
development of infrastructure development
4.
M/s.JSWEnergyLtd,Mumbai
M/s.BycellTelecommunications
IndiaPvt.Ltd.
10
M/s.GrupoOmnilifeS.A.deC.V.
Mexico
11
M/s.KNOXHoldingPte.Ltd.
Singapore
12
M/s.Redington(India)Limited,
Chennai
13
M/s.DumericHoldingsPrivate
Limited,Mumbai
projects, tourism, convention centre, Industrial

Parks(includingITparks)etc.indevelopmentof
SEZs
in development of Office parks (including
industrialParksandITParks)
InductionofforeignequityinanIndiancompany
which has existing downstream ventures.
Conversionofoperatingcompanyintooperating
cumholdingcompany.
To undertake activities of offering GSM based
cellular telephone services under UAS License
agreementalloverIndia,andincreaseinpaidup
capitalofthecompany
To establish a WOS to undertake test marketing
and manufacture, sell and distribute its
proprietary nutritional food supplements and
cosmeticproductsthroughitsWOSinIndia
TransferofsharesheldbyanOCBbywayofsale
by a foreign investor. The promoters of the
Indian Company and the new foreign investors
aresame.
downstreaminvestmentsintoNBFCactivities
Conversion of status of operating company into
Thefollowing3(three)proposalshavebeenrecommendedtoberejected:
M/s.FlemingoDutyFreeshop
Pvt.Ltd.
M/s.Flemingo(DFS)Pvt.Ltd.
M/s.ElkenInternationalIndia
Pvt.Ltd.
To undertake additional activities of cash and

carrywholesaletradinginadditiontooperating
dutyfreeshops
To undertake additional activities of selling duty
free goods to hotels against duty credit in
additiontooperatingdutyfreeshops
Toundertakecashandcarrywholesaletradingof
theitemsearlierpermittedfortestmarketing
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
PRESS RELEASE
proposals related to Ministries/Departments, namely, Commerce, Food Processing Industries,
Heavy Industry, Industrial Policy & Promotion, Information & Broadcasting, Shipping, Railways
Heavy Industry, Shipping, Railways Economic Affairs
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
Sl. NameoftheapplicantParticularsoftheproposal
No.
COMMERCE
of
pre
1 M/s.GeorgiaPacific Capitalization
KemrockInternational incorporation/preliminary expenses made by
theforeigninvestor,bywayofissueofshares
Pvt.Ltd.Vadodara
2 M/s.MetalOne
Corporation,Japan
activities of import, maintain stock,
inventories and sale of the products within
India and overseas. Proposal attracts Press
Note1(2005series)
To set up a trading company with a foreign
3 M/s.PalfingerAsia
equityofupto74%undertakeImportandsale
PacificPte.Ltd.
totheendusers/customersofPalfingertruck
Singapore
mountedkuckleboomscranes,hookleaders,
etc,andtheiraftersaleservice.Proposalalso
involvessourcingofitemsfromSSSector.
4 M/s.EricKozlowski, To set up a WOS to undertake trading of
USA
itemssourcedfromsmallscalesector
5 M/s.CrocsInc.
To setupanewJointVenturewithaforeign
equity of 51% to undertake the business of
single brand retail trading of footwear and
apparelsunderthesinglebrandCROCS
6 M/s.RejoireNatural Induction of foreign equity upto 100% in a
CreationsPrivate
items reserved for SSI sector viz.,
Limited,Mysore
manufacture of natural perfumes and
essential oil, handmade products like bags
and house hold furniture and natural soft
drinks
HEAVY INDUSTRY
7 M/s.YachiyoIndustry To set up a new WOS to undertake
Co.Ltd.Japan
manufacture of plastic fuel tanks for
automobiles. Proposal attracts press Note 1
(2005series)
8 M/s.UPMKYMMENE To set up a new JV with a foreign equity of
OYZ.,Finland
50% to undertake the activities of trading in
recycledpaper
FDI/NRIinflows
(Rs.Incrore)
Nofreshinflow
2.90
2.90
0.25
2.04
0.03
30.00
14.50
SHIPPING
TosetupanewWOS/JointVenturecompany
9 M/s.CWT
InternationalPte.Ltd. to undertake warehousing, storage and
container freight station business and other
Singapore
ancillary/auxiliary
activities
connected
thereto.ProposalattractsPressNote1(2005
series)
ECONOMIC AFFAIRS
Induction of FDI in an Investment company
10 M/s.Bluechip
CorporateInvestment which has existing downstream companies.
CentreLimited,
Mumbai
11 M/s.CroupierPrive Investment of upto 5% equity in Central
PrivateEquityFund DepositoryServicesLimited
L.P.Delaware
Issue of shares in lieu of acquiring the
12 M/s.MaplesESM
TechnologiesPvt.Ltd. businessofanUScompany,inITsector
Chennai
Issue of shares in lieu of transfer of branch
13 M/s.SCICOM
TechnologiesPvt.Ltd. officebusinessofthesameforeigninvestor
NewDelhi
14 M/s.PTCIndia
engagedinleasingandfinanceintooperating
FinancialServices
cumholding company, and induction of
Limited,NewDelhi
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
15 M/a.AngelInfinPvt. InductionofforeigninvestmentbyIFCofupto
Ltd.Mumbai
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
solutionservices
16 M/s.Accentia
Transfer of shares by way of share swap for
TechnologiesLimited acquiring 3 US based companies engaged in
HealthBPOServices
17 M/s.AnestIwata
MothersonLtd.
engagedintrading,marketingandservicingof
24.00
20.50
16.00
Nofreshinflow
Nofreshinflow
155.74
152.00
Nofreshinflow
Nofreshinflow
aircompressorsandassociatedspareparts&
accessoriesetc.
ECONOMIC AFFAIRS
18 M/s.HPFinancial
Services(I)Pvt.Ltd.
Toundertakeadditionalactivitiesoffinancing Nofreshinflow
andleasing
Issue of shares against advance paid for Nofreshinflow

19 M/s.Smartronics
SolutionsIndiaPvt. purchaseofsecondhandmachinery
Ltd.
Issueofsharesagainstamountreceivedinthe Nofreshinflow
20 M/s.Rajasthan
LeatherIndustriesLtd, account of a third company due to the
accountoftheinvesteecompanybeingfrozen
Jaipur
RAILWAYS
21 M/s.SicalInfraAssets Induction of foreign equity upto 26% in 106.6
Ltd,Chennai
investingcompaniesininfrastructuresector
To undertake additional activities of Nofreshinflow
22 M/s.WaiWireand
CableServicesPrivate publishing specialty journal under the title
WireBulletin
Limited,USA
Total
511.4616 Cr
1.
M/s.AVASeedsPvt.Ltd.
Bangalore
M/s.Dolce&Gabbana
M/s.GlobalAssetsHolding
CorporationPrivateLimited,
Mumbai
M/s.SistemaJointStockFinancial
Corp.Russia
4
5
M/.s.UniversalSuccess
EnterprisesLtd.,Tortola
change in the status of the operating company

into an operating cum holding company for
making further downstream investments.
ProposalalsoattractsPressNote1of2005
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&GabbanaandDGDolce&Gabbana
FDI in a holding company having subsidiaries in
theTelecomSector
IncreaseofFDIfrom10%upto74%inacompany
engagedintelecomsector
indevelopmentofSEZs
development of infrastructure development
4.
M/s.JSWEnergyLtd,Mumbai
M/s.BycellTelecommunications
IndiaPvt.Ltd.
10
M/s.GrupoOmnilifeS.A.deC.V.
Mexico
11
M/s.KNOXHoldingPte.Ltd.
Singapore
12
M/s.Redington(India)Limited,
Chennai
13
M/s.DumericHoldingsPrivate
Limited,Mumbai
projects, tourism, convention centre, Industrial

Parks(includingITparks)etc.indevelopmentof
SEZs
in development of Office parks (including
industrialParksandITParks)
InductionofforeignequityinanIndiancompany
which has existing downstream ventures.
Conversionofoperatingcompanyintooperating
cumholdingcompany.
To undertake activities of offering GSM based
cellular telephone services under UAS License
agreementalloverIndia,andincreaseinpaidup
capitalofthecompany
To establish a WOS to undertake test marketing
and manufacture, sell and distribute its
proprietary nutritional food supplements and
cosmeticproductsthroughitsWOSinIndia
TransferofsharesheldbyanOCBbywayofsale
by a foreign investor. The promoters of the
Indian Company and the new foreign investors
aresame.
downstreaminvestmentsintoNBFCactivities
Conversion of status of operating company into
Thefollowing3(three)proposalshavebeenrecommendedtoberejected:
M/s.FlemingoDutyFreeshop
Pvt.Ltd.
M/s.Flemingo(DFS)Pvt.Ltd.
M/s.ElkenInternationalIndia
Pvt.Ltd.
To undertake additional activities of cash and

carrywholesaletradinginadditiontooperating
dutyfreeshops
To undertake additional activities of selling duty
free goods to hotels against duty credit in
additiontooperatingdutyfreeshops
Toundertakecashandcarrywholesaletradingof
theitemsearlierpermittedfortestmarketing
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(P.K. Bagga)
OSD (CM&I)
23094172
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
30.10.2009
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Milliken Chemical
and Textile (India) Co.
Pvt. Ltd., Maharashtra
To issue equity shares against post-incorporationexpenses.
2 M/s Vaibhav Gems Ltd., Ex-post-facto approval for issuance and allotment of
Jaipur
warrants.
3 M/s FIAMM S.p.A. Italy
To set up a joint venture to carry out Retail trading of

lead acid batteries under the single brand.
No fresh inflow
Nil
0.24

4 M/s Diversified
Communication India
Pvt. Ltd., Mumbai
Induction of 100% FDI in print media sector.
5 M/s Publish Industry

India Pvt. Ltd., Pune
Induction of 100% FDI for undertaking publishing of

speciality magazines.
5.00
1.00
STEEL
6 M/s ArcelorMittal
Netherlands B.V.
Netherlands

business of manufacture of cold-rolled semi finished iron
and steel products in cold rolling mills etc. The proposal
attracts PN 1 of 2005.
503.37
BIOTECHNOLOGY
7 M/s Actis Biologics Pvt.
Ltd.
To issue shares against technology transfer.
Nil
FINANCIAL SERVICES
8 M/s Reliance Asset
Ex-post-facto approval for issue of partly paid up
Reconstruction Company shares to foreign collaborators.
Ltd.
Nil

9 M/s Electrosteel Castings To issue and allot eligible securities including equity
shares and/or non convertible debt instruments
Ltd.
alongwith warrants, on private placement basis.
10 M/s Mitsui & Co. India
Pvt. Ltd.
Expansion of business activities. The proposal attracts

600.00
Nil

11 M/s Star India Pvt. Ltd.
Ex-post-facto
collaborator.
approval
for
induction
of
foreign
Nil
POWER
12 M/s Teesta Urja Ltd.
Extension of time in order to enable the foreign

collaborator to arrange the necessary funds for
conversion of balance partly paid up shares into fully
paid up equity shares.
Nil
TELECOMMUNICATION
13 M/s Hathway Cable and Induction of foreign equity by issuing IPO to undertake
Cable TV Services as multimedia system operator and as
Datacom Pvt. Ltd.
Internet Service Provider category A licensee.
16.65
DEFENCE PRODUCTION
14 M/s Vyoneesh
Delhi
To set up a Joint Venture Company with 26% foreign

equity for manufacturing, designing, etc. of defence
related equipment.
1.56

15 M/s Clarita International To issue warrants.
Ltd., Mauritius
30.96

16 M/s UTV Software
Communication Ltd.
To issue and allot equity shares pursuant to the scheme

of arrangement approved by the Honble High Court of
Bombay.
No Fresh Inflow
Merger of the company as per the Scheme of

Amalgamation approved by the High Court of Madras.
Nil
TELECOMMUNICATIONS
17 M/s Sify Technologies
Ltd.
2.
The following 12 (Twelve) proposals have been deferred:

No
1 M/s Luxury Goods Retail Induction of foreign equity to carry out retail trading of products under
Pvt. Ltd.
the single brand.
2 M/s JM Financial Asset Induction of foreign equity in a company engaged in the activities of Asset
Reconstruction Company Reconstruction.
Pvt. Ltd., Mumbai
3 M/s Mercer Inc. New
York
To set up a JV company in the insurance sector. The proposal attracts PN 1

of 2005.
4 M/s Pepsico India

Holdings Pvt. Ltd.
Induction of additional foreign equity.

GmbH (EADs), Germany production of defence equipment (manufacture of arms and armaments).
and Larsen & Toubro
6 M/s Verizon
Pvt. Ltd.

7 M/s Telecom
Investments India Pvt.
Ltd.
Sale and transfer of equity shares from Resident India to Non Resident.
8 M/s Out-of-Home Media Conversion of operating company into operating-cum-Investing Company

(India) Pvt. Ltd., Mumbai and to make downstream investments.
9 M/s Premiere
Ltd., Ireland

10 M/s Scorpios Beverages Transfer of equity shares from Resident Indian to NR to make investments
Pvt. Ltd., Delhi
in Indian companies operating in the telecommunications sector.
11 M/s AG Mercantile
Company Pvt. Ltd.,
Mumbai
Transfer of equity shares from Resident Indian to NR to make investments

12 M/s DYNAMIC
Alternatives (Pty) Ltd.
To set up a Wholly Owned Subsidiary for the business of Detective &

Protective Services.
3.

Sl.
No
1 M/s TCL India Holdings

Pvt. Ltd.
To issue and allot equity shares against import payables.
Induction of investment from Indian company on behalf of a Foreign

2 M/s Maharishi Solar
Technology (P) Ltd., New company on account of an arbitration proceeding.
Delhi

equipment.
To induct 100% foreign equity by way of issue of shares for consideration

4 M/s Jaipur IPL Cricket
Pvt. Ltd., (JIPL), Mumbai other than cash inflow.
5 M/s Opto Circuits (India) Preferential issue of Convertible Warrants under SEBI (DIP) guidelines.
Limited, Bangalore
4.
The following 02 (Two) proposals have been noted:

No.
FDI/NRI
inflows (Rs.
In Crore)
Merger in accordance with the orders passed by the Honble

1 M/s GE Capital
Transportation Financial High Court sanctioning the scheme of amalgamation/merger.
Services Ltd.
Nil
2 M/s Geomysore Services To take note of the scheme of the demerger.

(India) Pvt Ltd.
Nil
5.
The following 02 (Two) proposals have been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 600.00 Crore:
Sl.
No
1 M/s Jet Airways (India)

Limited, Mumbai
Equity investment through the Qualified Institutions

Placements (QIP) route from qualified Foreign Institutional
Investors (FIIs).
FDI/NRI
inflows (Rs.
In Crore)
2000.00
2 M/s Indium IV
To invest in the units of the Fund.
(Mauritius) Holdings Ltd.
*****
2500.00
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
DatedtheJuly17,2009
PRESSRELEASE
amountingtoRs.891.71Croreapproximately.
(MonikaDhami)
UnderSecretarytotheGovernmentofIndia
Tele:23092581
Fax:23094084
Email:us.fipbmof@nic.in
To
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(I&I)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)

July10,2009
Following16(Sixteen)proposalshavebeenapproved.
No.
FDI/NRI
inflows(Rs.In
Crore)
COMMERCE
1 M/sOviesseS.p.A.
To set up a joint venture with 51% participation by way

ofequitysharesforRetailtradingofproductsunderthe Notindicated
singlebrand.
2 M/sAerRianta
Tosetupajointventurecompanywithaforeignequityof
InternationalCPT,Ireland 50.1% to undertake the business of establishing and
operating duty free shops in the duty free zones and to
incorporate a holding company in India to make
downstream investments to pursue other duty free
opportunities.
46.00
ECONOMICAFFAIRS
3 M/sKrizmHotelsPvt.Ltd. Expostfacto approval for grant of the right to subscribe
(Krizm),NewDelhi
tofullypaidupequitysharesvideissuanceofwarrants.
2.40
4 M/sTeamecChlorates
limited,Chennai
4.33
To induct foreign equity on repatriation and on non

repatriation basis. The proposal attracts Press Note 1 of
2005.
5 M/sSterliteTechnologies Issueandallotmentofwarrantsonpreferentialbasis.
Limited,Maharashtra
41.28
TELECOMMUNICATION
6 M/sVerdantTelemetry& To induct NRI investment to carryout manufacturing of
AntennaSystemsPvt.Ltd. Airborne antenna, Terrestrial Antenna, Radomes,
Telemetry transceivers & Composite components for
defenceandaerospaceapplication.
0.75
CHEMICAL&FERTILIZERS
7 M/sVistaPhamaceuticals Expost facto approval for issuance of convertible share
Ltd.
warrantsandconversionofthesameintoequityshares.
5.80
INUDUSTRIALPOLICY&PRMOTION
8 M/sSAETS.P.A.Italy
To get the status of Investing Company instead of

OperatingcumInvestingcompanyasperPressNote4
of2009.
10.00
9 M/sUTVSoftware
CommunicationsLtd.,
To increase the share holding from 75% to 85% by

purchaseofequitysharesandtoamendtheFCapproval NoFreshInflow
letter.
ECONOMICAFFAIRS
10 M/sTeestaUrjaLtd.,New Expost facto approval to regularize the allotment of
Delhi
equitysharesonpartlypaidbasis.
547.20
11 M/sIHHRHospitalityPvt. Expost facto approval to regularize the allotment of

NoFreshInflow
Ltd.,NewDelhi
equitysharesonpartlypaidbasis.
12 M/sIL&FSTrustCompany To allow the Trust to continue to hold investment in
Ltd.,Mumbai
MultiCommodityExchangeofIndiaLimited(MC).
108.00
INUDSTRIALPOLICY&PRMOTION
13 M/sKVKEnergy&
InfrastructurePvt.Ltd.,
To raise additional FDI from an existing investor by way

ofissueofCompulsorilyFullyConvertibleDebentures.
14 M/sHighMarkCredit
To provide for enhancement of permitted foreign
InformationServicesPvt. investmentto40%oftheissuedsharecapital.
Ltd.,
116.00
9.20
15 M/sInterpublicMauritius Tomakeinvestmentof50%equitybywayofsubscribing
Ltd.,Mauritius
to equity shares. The proposal attracts Press Note 1 of
2005.
0.75
ECONOMICAFFAIRS
16 M/sZeeEntertainment
EnterprisesLtd.
2.
Transferoffullypaidequitysharestoanoverseasentity
belongingtothePromotersGroup,foruplinkinganon NoFreshInflow
newsandcurrentAffairsTVchannel.
Thefollowing13(Thirteen)proposalshavebeendeferred:
No
1 M/sBEEKAYDASSIndia Transfer of shares from Resident shareholders to NRI. The company is
Pvt.Ltd.
engagedintheteaplantation.
2 M/sClivetTFAirSystems Toissuesharesforotherthancashconsideration.
(P)Ltd.,Bangalore
3 M/sNRHytechEngineers Expostfactoapprovalforissuanceofsharesagainstimportofmachinery.
pvt.Ltd.,Thane
4 M/sJindalSawLtd.,Uttar To allot warrants under guidelines for preferential issues as contained in
Pradesh
ChapterXIIIoftheSEBIGuidelines,2000.
5 M/sSahajanandMedical Transferofsharesbywayofshareswap.TheIndiancompanyhasoneSSI
TechnologiesPvt.Ltd.,
Unit.
Surat
6 M/sKSOilsLimited,
MadhyaPradesh
The issuance and allotment of warrants (as well as full paidup equity
shares to be issued on conversion of such warrants) to the Foreign
Investors.
7 M/sBigDrumIndiaPvt.
Ltd.,Hyderabad
To allot shares in lieu of consideration of the value of the machineries

supplied.
8 M/sDishTVIndiaLtd.,
Toissueconvertiblebonds,convertibleintoequitysharesataconversion
priceasspecifiedinanofferingcircularinrelationtheretoandonterms
and conditions mentioned thereunder, to such persons resident outside
India,asmaybepermissibleundertheapplicablelaws.
9 M/sISNIElectricPower
CompanyPvt.Ltd.,USA
TomakeanamendmentintheFCapprovalletter.
10 M/sUnitedBreweries
(Holdings)Limited,
Bangalore
Expostfactoapprovalfor(i)issueoffullyconvertibleequitywarrants,and
(ii) for allotment of fully paid up equity shares on conversion of
convertibleequitywarrants.
11 M/sUnitechWireless
(Tamilnadu)Pvt.Ltd
Toincreasetheforeignshareholdingupto74%.
12 M/sRishPte.Ltd.
TransferofsharesfromanerstwhileOCBtoNR.
13 M/sExensysSoftware
SolutionsLtd.
Expost facto approval for issuance of warrants convertible into equity

shares.
3.
Thefollowing2(Two)proposalshavebeenrejected:
Sl.
No
Nameoftheapplicant
1 M/sIndiumIV(Mauritius) To invest in the units of the ForeignInvestormustregisterasaFVCI.

HoldingsLtd.,
Fund.
2 M/sBenqIndiaPvt.Ltd.
To make an amendment in the Violationoftestmarketingcondition

FCapprovalletter.
cannotbecondoned.
4.
Thefollowing1(One)proposalhasbeenadvisedtoaccessautomaticroute:
Sl.
Nameofthe
No
applicant
FDI/NRI
inflows(Rs.
InCrore)
1 M/sCelebiHava
To set up a special purpose company (Joint Venture company) Amountnot
ServisiA.S.(Celebi), with a foreign equity of 74% to upgrade, modernize, finance, specified
Turkey
operate,maintainandmanagetheexistingCargoterminal.The

5.
Thefollowing01(One)proposalhasbeennoted:
Sl. Nameofthe
No. applicant
1 M/sCargilIndiaPvt. Totransferalltheapprovallettersinaccordancewiththeorders
Ltd.,
passed by the Honble High Court of Delhi sanctioning the
schemeofamalgamation.
FDI/NRI
inflows(Rs.In
Crore)
Nil
6.
In the proposal of M/s ByCell Telecommunication India Pvt. Ltd., all FC approvals have been
revoked.
*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 21st August, 2007.
PRESS RELEASE
in its meeting held on 17th August, 2007, Finance Minister, Shri P. Chidambaram has
1078.6526 crore. The proposals related to Ministries/Departments, namely, Commerce,
Information & Broadcasting, Industrial Policy & promotion, Bio-technology, Micro,
Medium & Small Enterprises, Telecommunications and Economic Affairs. The major
investment proposals pertain to the Ministries/Departments of Industrial Policy &
Promotion & Economic Affairs
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS (FT)
NIC(DEA)
DIPP (FDI-Data Unit)
NOTICE
on 22nd August, 2007 at Fax No.2309 4084/2309 2477. No further
requests will be entertained later and the approval letters would be
sent by SPEED POST.
Sd/( D.K. Singh )

No.
COMMERCE
1 M/s.SAETIndiaPvt.Ltd.
Mumbai
FDI/NRI
inflows
(Rs.In
crore)
Conversion of operating company into an operating 7.44

cumholding company in he activity of production of
inductionheatingequipmentsandaftersalesservices,
marketing promotion etc. and to make further
downstreaminvestmentsinM/s.InductionEquipment
(India)PrivateLimitedbywayofacquisitionof76%of
thetotalequitysharecapitalofIEI
2 M/s.PrimePolymerCo. Setting up a new WOS for developing high 61.60
Ltd.Japan
performance polypropylene compounds to meet
requirement of car manufacturers. Proposal attracts
PressNote1/2005
3 M/s.Houghton
SettingupaWOStoundertakeimportandsaleinthe 4.00
InternationalInc.USA
field of hydraulic fluids and manufacturing in future.
ProposalattractsPN1/05
4 M/s.BlackstoneGPV
FDI into an operatingcumholding company SKR BPO 447.20
CapitalPartnersMauritius servicesandtomakefurtherdownstreaminvestment
VB.Ltd.Mauritius
bywayofacquisitionofexistingshares
5 M/s.GroupMIndia
Induction of foreign equity upto 100% in a company 1.6426
HoldingB.V.Netherlands engaged in advertising business. Proposal attracts
SCIENCE & TECHNOLOGY (BIO-TECHNOLOGY)
6 M/s.ActisBiologicsPvt. IssueofsharestoM/s.ActisBiologicsInc.USAagainst Nofresh
Ltd.Mumbai
transferoftechnicalknowhow andgoodwill.Company inflow
engaged in pharmaceutical sector using rDNA
technology
ECONOMIC AFFAIRS
7 M/s.IssarPharmaceuticals Issue of shares against considerations other than Nofresh
Ltd.,Hyderabad,A.P.
cash. Proposal is for issue of shares against inflow
expenditureincurredoverseasandloanadvancedby
the NRI owner. Company engaged in pharmaceutical
sector
8 M/s.ARESInvestments
InductionofforeignequityinaholdingcompanyRane 1.00
LLC,Mauritius
Holdings Limited, holding downstream subsidiaries
engagedinmanufacturingofautomobileparts.byway
of acquisition. Proposal attracts Press Note 1 (2005
series)
9 M/s.WilmetteHoldings
Ltd,Mauritius
InductionofforeignequityinDelhiStockExchangeby10.61(with
wayofacquisitionof5%oftheshares
premium)
10 M/s.NoorFinancial
InvestmentCompany,
Kuwait
COMMERCE
11 M/s.Mitsubishi
Corporation(I)Pvt.Ltd.,
Delhi
InductionofforeignequityinDelhiStockExchangeby 10.61(with
premium)
Change in the status from operating company to Nofresh

operatingcumholding company, by way of inflow
amendment of existing approval and to make further
downstreaminvestment
INDUSTRIAL POLICY & PROTMOTION
12 M/s.AAPCHotel
Induction of foreign equity in three companies, 120.00
ManagementPte.Ltd.,
engaged in hotel industry, which would entail setting
Singapore
up a JV company, as well as entering into hotel
management contract. Proposal also attracts Press
Note1(2005series)
TELECOMMUNICATIONS
13 M/s.XCELTelecomPvt. Downstream investment in a company engaged in 1.00
Ltd.,Mumbai
activityasIPIcategoryinfrastructureprovider
MICRO, MEDIUM & SMALL ENTERPRISES
14 M/s.TheHershey
Induction of additional foreign equity by acquiring 80 8.00
Company,USA
lakh additional shares in an operating cum holding
company (Godrej Hershey Food and Beverages Pvt.
Ltd.) with a subsidiary (Nutrine Confectionery)
engaged in the manufacture of small scale reserved
items.
ECONOMIC AFFAIRS
15 M/s.StandardChartered Acquisition of 49% stake in UTI Securities Limited. 14.70
Bank
16 M/s.IndBarathPower
Inductionofadditionalforeignequitybywayofissue 151.33
InfraPvt.Ltd.,Hyderabad of equity shares and
cumulative compulsory
convertiblepreferenceshares
17 M/s.BatesSingaporePte. Induction of foreign equity upto 74% in a company 4.30
Ltd.Singapore
Sercon, engaged in the business of rendering event
managementservices.ProposalattractsPressNote1
(2005series)
ECONOMIC AFFAIRS
18 M/s.ICICIBankLtd,
Induction of foreign investment upto 24% in a new 214.00
Mumbai
subsidiaryproposedtobeaholdingcompanyforfour
oftheexistingsubsidiariesofICICIBankincludingtwo
subsidiariesengagedininsurancebusiness
19 M/s.IkarusIndustrial
InductionofforeignequityinDelhiStockExchangeby10.61(with
PetroleumCompany,
premium)
Kuwait
20 M/s.KuwaitPrivatization InductionofforeignequityinDelhiStockExchangeby10.61(with
ProjectsHoldingCompany,wayofacquisitionof5%oftheshares
premium)
K.S.C.Kuwait
TotalRs.1078.6526crore
2.
Thefollowingproposalshavebeendeferred
1. M/s.RajasthanLeatherIndustriesLtd.,Jaipur
2. M/s.KazstroyServicesPlc.UK
3. M/s.BhupendraKumarModi,NRI
4. M/s.BraitrimIndiaPvt.Ltd.,UK
5. M/s.E18Ltd,Cyprus
3.
TheproposalofM/s.PassportIndiaInvestments(Mauritius)Ltd.hasbeenrejected.
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
4.
July 24, 2009
Following 10 (Ten) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Industria de Diseno
Texti, Sociedad Anonima
Spain (Inditex S.A.)
To set up a joint venture for retail trading of products

2 M/s SMS Siemag

Aktiengesellschaf,
Germany
To set up a joint venture company to carryout the

activities relating to manufacture, sale and
commissioning of Single Stand Reversing Cold Mills, Skin
Pass Mills, Compact Cold Mills and Strip Process Lines.
23.58
30.00
ECONOMIC AFFAIRS
3 M/s Pridhvi Asset
Reconstruction and
Securitization Company
To enhance NRI equity participation for undertaking

the business of Securitisation and Asset
Reconstruction.
4 M/s Sungard Solutions

(India) Pvt. Ltd.,
Bangalore
To issue fresh equity shares in consideration for transfer

of the business, pursuant to a Scheme of Arrangement
No Fresh Inflow
to be approved by the Bombay High Court and the
Karnataka High Court.
5 M/s Quatrro BPO

Gurgaon
Ex post-facto approval for issue of equity shares under

Employee Stock Options Scheme to the individuals.
1.00
Nil

6 M/s Synergy Media
Entertainment Ltd.,
To issue and allot fully paid up equity shares by way of

Preferential Allotment to carryout FM Radio
Broadcasting in various circles in India.
1.52

7 M/s BEE KAYDASS India
Pvt. Ltd.
Transfer of shares from Resident shareholders to NRI.

The company is engaged in the tea plantation.
0.009
ECONOMIC AFFAIRS
(Holdings) Limited,
Bangalore
Ex-post facto approval for (i) issue of fully convertible

equity warrants, and (ii) for allotment of fully paid up
equity shares on conversion of convertible equity
warrants.
218.96
9 M/s K S Oils Limited,

Madhya Pradesh
The issuance and allotment of warrants (as well as full

paid-up equity shares to be issued on conversion of such
warrants) to the Foreign Investors.
97.99

10 M/s Dish TV India Ltd.
2.
To issue convertible bonds, convertible into equity

shares at a conversion price as specified in an offering
circular in relation thereto and on terms and conditions
mentioned thereunder, to such persons resident outside
India, as may be permissible under the applicable laws.
750.00
The following 9 (nine) proposals have been deferred:

No
Nadu
GmbH (EADs), Germany production of Defence equipment (manufacture of arms and
and Larsen & Tourbo
armaments).
3 M/s Tecnotree
Convergence Ltd.,

Pvt. Ltd.,
To induct fresh foreign equity participation with the induction of a new


Solutions Ltd.
Ex-post facto approval for issuance of warrants convertible into equity

shares.

8 M/s Rish Pte Ltd.,
9 M/s ByCell
A decision is required to be taken in the light of the High Courts
Telecommunication Pvt. directions that any representation made by ByCell is to be considered by
Ltd.,
FIPB and MHAs objections to security credentials of the company.
3.
The following 3 (three) proposal has been rejected:

Sl.
No
1 M/s Asha Micro Credit

Limited, Chennai

To induct foreign investment to undertake the activities relating to
providing financial services for the up-liftment of poor and the
downtrodden sections of the society. The proposal does not meet the
minimum capitalization norms.
2 M/s Cholamandalam DBS Waiving of the condition of compounding.

Finance Ltd.,
3 M/s Cargil & Financial

Services India Pvt. Ltd.,
6.
Sl.
No
The company has requested for further time to bring in the additional
amount to meet the specified norms of USD 50 million and to allow the
CoR granted by the RBI to remain valid as the company continues to be
engaged in NBFC business.
The following 1 (One) proposal has been was withdrawn from the agenda.
1 M/s Credit Information

Bureau (I) Ltd.
To acquire equity shares in Credit Information

Companies.
FDI/NRI inflows
(Rs. In Crore)
96.28
7.
Sl.
FDI/NRI inflows
No
(Rs. In Crore)
1 M/s Forum Synergies
(India) Fund Managers P
Ltd.,
To accept contributions from the offshore Entity under

the foreign direct investment route and to issue Class B
Units and Class C Units to the Offshore Entity.
*****
651.03
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 05.08.2011
Following 18 (Eighteen) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
CORPORATE AFFAIRS
1 M/s Axiom Consulting
To issue and allot equity shares on non-cash consideration

basis in the form of sweat equity shares. The company is
engaged in the business of providing product design
engineering services.
Nil

2 M/s OmniMedia S.L.,
Spain
3 M/s Wolters Kluwer
(India) Pvt. Ltd., Delhi
To set up a WoS to carry out the business of

publishing/printing of scientific and technical magazines/
specialty journals/ periodicals.
To make downstream investment in company engaged in
publishing/printing of scientific and technical magazines.
0.05
No fresh inflow
TEXTILES
4 M/s Om Pile Pvt. Ltd.,
Gujarat
To issue equity shares in lieu of value of machinery

imported. The company is engaged in the business of
manufacture of textile goods.
5.85
Increase in foreign equity participation from existing 9.23

per cent to 31.57 per cent as a result of amalgamation in
terms of the Scheme of Amalgamation approved by the
Calcutta High Court. The company is engaged in the
business of cultivation, manufacturing and trading in tea;
and business and management consultancy activities.
Nil
COMMERCE
5 M/s Apeejay Surrendera
Corporate Services Ltd.

6 M/s VTS TF Air Systems
Pvt. Ltd.
7 M/s Pipavav Defence and

Offshore Engineering
Company Ltd.
Ex-post facto approval for issue of partly paid up equity

shares. The company is engaged in the business of
manufacture of air conditioners, water chillers and so on
(NIC Code 29).
To make amendment in clause 4 & 7 of FC approval. The
company is engaged in the business of shipbuilding, ship
repairs, offshore assets production etc and production of
ships/vessels including for defence sector.
Nil
81.62
TELECOMMUNICATIONS
8 M/s Alan Dick &
To amend the clause 2 of the FC approval and to add the
Company (India) Pvt. Ltd. IP-I activities like establish and maintain the assets such
as Dark Fibres, Right of way, Duct space and Tower.
CIVIL AVIATION
Nil
9 M/s Air Works India

(Engineering) Pvt. Ltd.
To act as investing-cum-operating company to make

downstream investments in companies in India, engaged
in the aviation services business.
17.77
DEFENCE PRODUCTION
10 M/s Spiral EHL
Engineering Pvt. Ltd.,
Delhi & Haryana

manufacturing military aero structures and other related
items and services.
4.08

11 M/s Financial Planning
Corporation India Pvt.
Ltd., Mumbai
12 M/s IPFonline Ltd.,
Chennai
To undertake the additional activity of publishing

speciality journal/magazines pertaining to various aspects
of financial planning.
Induction of foreign equity by way of downstream
investment to carry out the business of publishing/printing
of technical magazines/ periodicals/journals.
13 M/s Walt Disney Company To undertake the additional activity of Broadcasting and
India Pvt. Ltd.
downlinking.
3.51
2.24
Nil
Transfer of shares from NR to NR to carry out the

business of telecommunication equipment and provide
management and marketing of agrani services i.e. in the
area of Mobile Satellite Communications.
No Inflow
Ex-post-facto approval for allotment of shares against the

amount received and kept in Escrow account. The
company is engaged in the business of Development and
Management of Hotels.
3.75
TOURISM
15 M/s Harsh Intertrade
Private Limited,
Ahmedabad
URBAN DEVELOPMENT
16 M/s Shiva Regency Pvt.
Ltd., Ahmedabad
Ex-post-facto approval for allotment of shares against the

amount received and kept in Escrow account. The
company is engaged in the business of Development and
Management of Hotels.
3.75

17 M/s Dieffenbacher India
Pvt. Ltd.
Ex-post-facto approval for capitalisation of the preincorporation and preliminary expenses to carry out the
business of Marketing and sales support services.
0.17
SHIPPING
18 M/s Anuradha Holdings
Pvt. Ltd.
2.
Transfer of shares by way of share swap to carry out the

business of project development, consultancy and No Fresh Inflow
management activities.
Sl.
No
1 M/s Jindal Agro
Transfer of shares by way of share swap. The company is engaged in the
Processing Pvt. Ltd.,
business of manufacture and export of ready to eat food.
Gujarat
2 M/s Air Charter Service

Group Plc.
To incorporate a company for the purpose of providing brokerage services

for aircraft charter with foreign investment of 74 percent.
3 M/s Cybertech Systems

and Software Ltd.,
Mumbai
4 M/s Reasoning Global eApplication Pvt. Ltd.
Ex-post-facto approval for issue of fully convertible equity share warrants.

The company is engaged in the business of Software Development.
10
11
Ex-post facto approval for issue of partly paid shares. The company is
engaged in the business of development of software, web-development and
economic activities which provide online, interactive websites for the
posting, promotion, search, sale and resale of items via global computer
network (Internet).
M/s Singpai Pte Ltd.,
Induction of foreign equity into an Indian company to carry out the
Singapore
business of manned guarding investigations, electronic security systems
and cash management services.
M/s Burda Gesellschaft mit To set up a WoS to engage in the business of (a) publication of magazines/
BeschrAnkter Haftung,
periodicals/ journals focussing on lifestyle, entertainment, fashion, iterrior
Germany
design/ decoration, cars and computer; publishing Indian editions of
foreign titles and also editions of Indian titles; (b) custom publishing for
third party; and (c) events and matters related to publication of magazines/
periodicals/ journals and promotional activities.
M/s Sprint International
Induction of foreign equity into an Indian company to provide wirelineHolding Inc., Overland
based national long distance, international long distance and Internet
Park
services as well as advanced managed network services to companies
operating in India.
M/s Aveo Real Estate
Ex-post-facto approval for capitalization of initial incorporation expenses
Holdings Pvt. Ltd.
paid to consultants. The company is engaged in the business of making
investment in construction development activities, compliant with FDI
policy.
M/s Rahimafrooz Batteries To set up a WOS to undertake import and wholesale distribution of
Ltd., Bangladesh
Bangladesh.
M/s Allcargo Global
Ex post facto approval to issue and allot optionally convertible warrants to
Logistics Ltd., Mumbai
carry out the business of logistics business comprise of the Multi-modal
Transport Operations, Inland Container Depot/Container Freight Stations,
Project Cargo Handling, Equipment Hiring, Warehousing.
M/s Indian Rotorcraft Ltd., Induction of foreign equity to carry out the business of final assembly of
Mumbai
both military and civil versions of helicopters.

Pvt. Ltd., Gujarat

services.
13 M/s G4S Security Services

(India) Pvt. Ltd., Delhi &
Haryana
14 M/s Hughes
Communications India Ltd.

telecom sector.
16 M/s Vodafone Essar Ltd.
3.
Transfer of shares from Resident to NR to carry out the activities relating to

Telecommunication.
Sl.
No
1 M/s Indigo Music Pvt.
To issue shares against providing information, consultancy, technical
Ltd., Bangalore
support, etc.
2 M/s Cimac Automation
3 M/s Kae Capital Trustee
Company Pvt. Ltd.,
Mumbai
4 M/s Fine Publishing India
Pvt. Ltd., Delhi
4.
Conversion of the pre-incorporation expenses into equity capital. The

company is engaged in the business of manufacture and supply of
automation control panels.
Induction of foreign equity in a Fund to undertake the business of making
investment in various portfolio companies.
Induction of foreign equity to carry out the business of publishing specialty
The following 1 (One) proposal has been advised to approach RBI:
Sl.
No
Name of the
applicant
1 M/s CoreObjects
Pvt. Ltd.
5.
Ex-post facto approval of FIPB for conversion of investment by Non

Resident Indian on non-repatriable basis, into repatriable basis. The
company is engaged in the business of data Processing, Software
Development and Computer consultancy services.
Sl. No.
1

M/s Delkor Technik India Pvt. Ltd., Mumbai
*****
FDI/NRI
inflows
(` in crore)
Nil
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 30th January , 2008.
PRESS RELEASE
meeting held on 18th January, 2008, Finance Minister, Shri P. Chidambaram has approved 34
proposals related to Ministries/Departments, namely, Chemicals & petro-chemicals, Commerce,
Health & Family Welfare, Industrial Policy & Promotion, Information & Broadcasting, Posts,
Telecommunications, Urban Development and Economic Affairs. The major investment
proposals pertain to the Ministries/Departments of Commerce, Information & Broadcasting,
Telecommunications, Urban Development and Economic Affairs
Sd/( P.K. Bagga )

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 31st January, 2008
at Fax No.2309 4084/2309 2477/23094172 No further requests will be
Sd/( P.K. BAGGA )
OSD(CM & I)
The Following 34 ( thirty four ) FDI proposals have been approved.

Sl. Name of the
No. applicant
COMMERCE
1. M/s. Crystal Ball
Fashion Pvt. Ltd

company propose to be engaged in Single
Brand trading
2. M/s. ZF Lenksysteme To set up a Joint Venture company with a
GmbH, Germany
foreign equity of upto 74% to undertake
manufacture of steering system for
commercial vehicles as well as passenger
cars.
3 M/s. Transmarket
Induction of foreign equity in a company
Group Research
propose to undertake the activities of
(India) Pvt. Ltd.
commodity trading
Mumbai
4 M/s. Acumen Fund, Induction of foreign equity up to 36.37% in
USA
a company engaged in trading of items
sourced from Small Scale Sector
5 M/s. Vijay Television Increase in paid up capital and to undertake
Pvt. Ltd. Chennai
the activities of uplining of nonnews and
current affairs television channels
6 M/s. Russell Square To set up a WOS to undertake the business
of providing entire range of market and
Holdings BV,
other related services.
Netherlands
POSTS
7 M/s. ELBEE Express Postfacto approval for FDI participation
Private Limited,
upto 2.25% in a company engaged in the
Mumbai
business of providing courier and logistics
services
ECONOMIC AFFAIRS
8 M/s. Matrix
Publicities and Media operating cum holding company and to
make downstream investment
India Pvt. Ltd.
Mumbai
9 M/s. GS Strategic
Induction of foreign equity in an operating
Investments Ltd.,
company and conversion of the operating
Mauritius
company into a holding company for
undertaking downstream investments
10 M/s. Neha
International Ltd,
Hyderbad
FDI/NRI inflows
(Rs. In crore)
1.50
0.74
3.1
55.28
34.00 (approx)
0.40
No fresh inflow
0.25
180.00
No fresh inflow
11 M/s. IL & FS Trust

Company Ltd,
Mumbai
12 M/s. Radiant
Infosystems Pvt. Ltd.
Bangalore
13 M/s. Wisdom Global
Enterprises Ltd,
Mumbai
Accept contributions from the offshore fund 290.00

into the Trust and to issue class B units and (Approx)
making investment in existing securities etc.
No fresh inflow
Induction of foreign equity and Conversion

of operating company into a holding
company to make downstream investment

14 M/s. Colorcon Ltd., Deletion of divestment condition
200.00
No fresh inflow

15 M/s. NDTV Networks conversion of operating company into
19.38
LC, London
operatingcumholding company for making
0.25
16 M/s. Dish TV India
Induction of foreign equity by way of issue
Ltd.
and allotment of shares and warrants
convertible into shares within a period of 18
months
400.00
17 M/s. UTV Software Issue of FCCBs. Induction of FDI in the
Communications Ltd. company engaged in uplinking of nonnews
and current affairs channels need the
approval of FIPB
COMMERCE
0.3850
18 M/s. Signature
engaged in trading of Signature Kitchen
Kitchens India Pvt.
single brand products
Ltd.
ECONOMIC AFFAIRS
No fresh inflow
19 M/s. Media Transasia Conversion of operating company into
India (P) Ltd.,
operating cum holding company, for
downstream investment in publication of
specialty magazine.
TELECOMMUNICATIONS
20 M/s. Global Assets Induction of foreign equity and conversion 580.00
Holding Corporation of operating company into operating cum
holding company to make downstream
Private Limited,
investment in Telecom sector.
Mumbai
0.15
21 M/s. Transcend
engaged in Infrastructure provider
Infrastructure
CategoryI services
Limited, Kolkata
ECONOMIC AFFAIRS
Induction of FDI upto 31.67% in an investing 4.56
22 M/s. Bonsai
International Pvt. Ltd. company
Mumbai

23 M/s. B.A.G. Films & Induction of foreign equity by way of issue of 40.00
Media Limited, Noida Foreign Currency Convertible Bonds (FCCBs)
in a holding company having downstream
investment in the companies to be engaged
in uplinking news channels, nonnews
channels and FM Radio
8.17
24 M/s. Russell Square Induction of foreign equity upto 90% in a
company engaged in event management
Holding BV,
activities. Proposal attracts Press Note 1
Netherlands
(2005 series)
ECONOMIC AFFAIRS
25 M/s. Mahindra
No fresh inflow
Forgings Ltd., Pune
basis consequent upon the merger
26 M/s. You Broadband Change in the status of operating company
Networks India Pvt. into an operating cum holding company for
making downstream investments upto 49%
Ltd.
in a company engaged in Cable network
business
COMMERCE
27 M/s. Sampad Vikas Induction of foreign equity in a company
Ltd, Kolkata
engaged in the business of Tea production
28 M/s. Daiichi Sankyo Induction of foreign equity upto 100% by
Company Ltd, Japan way of acquisition and fresh induction in a
pharmaceutical products and formulations
ECONOMIC AFFAIRS
29 M/s. Fatpipe Network Transfer of shares between the foreign
India Private Limited, collaborator and the Indian company by
way of amalgamation and also transfer of
Chennai
shares by way of share swap
30 M/s. Lakecrest Ld,
Cyprus
operatingcumholding company to
undertake downstream investment
31 M/s. JSW Energy Ltd, Postfacto approval for the FDI in an Indian
Mumbai
company which has holding company
operations in power sector
INDUSTIRAL POLICY & PROMOTION
32 M/s. Saraf Agencies Change in the foreign collaborator in a
Pvt. Ltd. Kolkata
company which has got approval for FDI
upto 55% engaged in manufacture of
Titanium products
No fresh inflow
17.18
25.00
No fresh inflow
400.00
No fresh inflow
No fresh inflow
URBAN DEVELOPMENT
26.00
Induction of foreign equity from Starlight
33 M/s. Starlight Real
Investment UK into Augustus Avani Land
Estate (ASCOT)
Developers Ltd. ( * )
Mauritius Ltd
34 M/s. B.A.G. Films & Induction of foreign investment in a holding 2.05
Media Ltd, Noida
company having downstream investment in
the companies to be engaged in uplinking
news channels, nonnews channels and FM
Radio
(*) Repatriation of investment before the completion of minimum lockin period of 3 years
in Orlanda Real estate India Ltd (rejected)
2.
The proposal of M/s. Hindustan Coca-cola Pvt. Ltd. has been recommended for the
consideration of Cabinet Committee on Economic Affairs (CCEA).
3.
The following 4 (four) proposals have been recommended to be deferred:
Sl. No Name of the

applicant
1 M/s. Daimler AG., To set up a Joint venture company with a foreign equity of upto
Germany
60% to undertake designing, manufacturing and selling of
commercial vehicles . Proposal attracts Press Note 1 (2005
series)
2 M/s. Continental Induction of foreign equity up to 60% in a company engaged in
Air Express Pvt. courier services
Ltd. New Delhi
4.
M/s. HT Media
Ltd.
To undertake activities of offering GSM based cellular

M/s. Bycell
Telecommunicatio telephone services under UAS License agreement all over India,
and increase in paid up capital of the company.
ns
The following (3 ) proposals have been rejected:
Sl. No Name of the

applicant
1
M/s. Astra
Microwave
Products Ltd,
Hyderabad
2
M/s. Flemingo
Duty Free Shop
Pvt. Ltd.

Treatment of only the OCB investment as FDI and to raise
the FDI investment later up to 26% in a company proposing
to engage in manufacture of licensed defence items
Setting up of duty free shops at Attari Railway Station and
Delhi Railway Station
M/s. Thuraya
Satellite
Telecommunicati
ons Company,
PJSC, UAE
To set up a JV with a foreign equity of up to 74% to

undertake the activities of offering satellitebased mobile
services
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 30th May 2007.
PRESS RELEASE
in its meeting held on 18th May, 2007, Finance Minister, Shri P. Chidambaram has
418.3333 crore. The proposals relate to Ministries/Departments, namely, Agriculture &
Cooperation, Commerce, Food & Public Distribution, Heavy Industry, Information &
Broadcasting, Industrial Policy & Promotion, Power, Telecommunications and Economic
Affairs. The major investment proposals pertain to the Ministry/Departments of
Commerce, Telecommunications and Economic Affairs.
Sd/( D.K. Singh)

Director (Inv. & FIPB )
Tel. No. 2309 2883

Fax No. 2309 2477
To
Deputy Director General ( M&C)
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
on 31st May, 2007 at Fax No. 2309 4084. No further requests will
SPEED POST.
The person who comes to collect the approval letters should be
properly authorized by the authorized signatory of the applicant or
the consultants of the company, if they have been authorized by the
company.
Sd/( D.K. Singh )
Director ( Inv. & FIPB)

Sl. No.
FDI/NRI inflows
(Rs. In crore)
COMMERCE
1.
M/s. Christan Dior Couture
1.10
2.
0.15

company for the purpose of engaging in
single brand retail trading under the brand
name Dior
M/s. AL Khaleej Sugar Co. To set up a WOS to undertake export
LLC. Dubai
trading in Sugar and reexport after
refinement of imported raw sugar
HEAVY INDUSTRY
3.
M/s. Vestas Wind Technology Conversion of operating company into
No immediate
India Pvt. Ltd. Chennai
operating-cum-holding company. Company inflow
is engaged in the manufacture of Wind
Turbine Generators
4.
M/s. INX Media Pvt. Ltd. Induction of foreign equity upto 46.216% in 4.62
Mumbai
a company engaged in the business of
uplinking entertainment channel
broadcasting
5.
M/s. TV-18 HSN Holdings To set up a 100% subsidiary to be engaged 0.21
Ltd, Cyprus
to undertake the up-linking and
broadcasting of a General entertainment
and infomercial television channel
6.
M/s. Thomson Holdings B.V. To undertake activities of publishing/printing No fresh inflow
Netherlands
of books/IT besides other activities through
one additional subsidiary
POWER
7.
M/s. Ind-Barath Power Infra Induction of FDI into an operating-cum8.7308
Private Limited, Hyderabad holding company. The company is engaged
in providing operation and maintenance
services for power plants through various
downstream subsidiaries.
ECONOMIC AFFAIRS
8.
M/s. Inter-public Mauritius Induction of foreign equity upto 51% in M/s. 0.2075
Limited, Mauritius
Lintas India Private Limited engaged in
outdoor advertising, market research, direct
marketing, rural communications, PR and
events. Proposal attracts Press Note 1
(2005 series)
9.
M/s. Bharat Earth Movers Issue and allot equity shares upto 20% to
4.9
Ltd., Bangalore
NRIs, FIIs, FVCIs registered with SEBI and
other permitted persons/entities. The
company is engaged in dealing in heavy
earthmoving equipment, railway rolling
stock and defence equipment and
aggregates.
10.
M/s. Continuum Systems Pvt. Transfer of shares by way of share-swap. No fresh inflow
Ltd. Gurgaon
Company is engaged in software
development & business Process
Outsourcing
11.
12.
M/s. Shoei Furnaces (India) Induction of foreign equity upto 60% in a

Pvt. Ltd. Pune.
industrial electric furnaces and industrial
non-electrical furnaces. Proposal attracts
M/s.
Bombay
Stock Foreign investment upto 16% by four
Exchange Limited, Bombay foreign investors.
13.
M/s. Rising Sun Die Castings Induction of foreign equity upto 30% in a
Pvt. Ltd. Pune
Aluminium castings required for various
parts of vehicles. Proposal attracts Press
Note 1 (2005 series).
COMMERCE
14.
M/s. SSIPL Retail Pvt. Ltd.
Induction of additional foreign investment
(earlier Moja shoes Pvt. Ltd.) upto 20% and approval of existing NRI
investment in a company proposed to be
engaged in Single Brand retailing
15.
M/s. BBC Worldwide Ltd. Freezing of FII/NRI/FDI equity in the
London
promoter company Midday and
corresponding reduction in foreign equity of
BBC worldwide in RMW, a company
engaged in the business of FM radio,to
conform to FDI sectoral cap of 20% in FM
radio
ECONOMIC AFFAIRS
16.
M/s. Mettler-Taledo India Pvt. Conversion of operating company into
Ltd.
further downstream investments. Company
is engaged in the manufacture of industrial
scales and laboratory balance
17.
M/s. UBS (India) Pvt. Ltd.
Acquisition of existing NBFC companies as
operating subsidiaries by acquiring the
existing shares
18.
M/s. Seven Hills Business Issue of sweat equity shares to its NRI
Solutions Ltd.
directors. Company is engaged in
Development of Computer software
19.
M/s. Core Projects

Technologies Ltd.
0.06
0.13
0.015
26.50
No fresh inflow
0.01
224.10
No fresh inflow
and Issue of shares on share swap basis.

No fresh inflow
Amendment of the earlier approval.
Company is engaged in providing complete
solutions for Smart Cards, RFID, Asset
Tracking Systems etc.
TELECOMMUNICATIONS
20.
M/s. BT Telecom India Pvt. Change in the status of operating company 142.60
Ltd.
into operating cum holding company to
make downstream investments
21.
M/s. Seed Works (I) Pvt. Ltd. Taking up additional activities of R&D,
No fresh inflow
marketing and export of improved varieties
of Field crops and related marketing
activities.
FOOD & PUBLIC DISTRIBUTION

22.
M/s. S.A. Sucre Export Suiker Induction of foreign equity upto 100% to
5.00
Export N.V. Belgium
undertake the activities of purchase of
sugar, coffee and other food and agricommodities from sugar mills and vendors
in India and to export of various countries
outside India etc.
23.
M/s. Puma Stationery Pvt. Transfer of shares from Non-resident to
No fresh inflow
Ltd.
Non-resident. Company is engaged in
manufacture of erasors, both natural and
vinyl. Proposal attracts Press Note 1 (2005
series)
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Sd/(B.D. Barua)
Tele No.: 2309 4979
Fax No.: 2309 4084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 10.05.2013
Following 16 (Sixteen) proposals have been approved.
Sl.
No.
1 M/s BTI Payments

Private Limited,
Bangalore
To set up White Label ATMs, as an additional

activity, with additional FDI to be brought in from
its parent company.
2 M/s Korea Western

Power Co. Ltd., Korea
To invest in an Indian investing company.
3 M/s Samvardhna
Motherson International
Limited
4 M/s Celio International
Belgium
Conversion of equity shares on non-repatriable basis

to repatriable basis held by the foreign investor, in
an investing company.
To increase participation from 51% to 100% in an
Indian company engaged in the business of single
brand retail trading of products.
5 M/s Vileroy & Boch
To invest 50% equity in a proposed JV company for
AG, Germany
to carry out the business of single brand retail
trading of products.
6 M/s Multi Screen Media Deletion of compounding condition.
Pvt. Ltd
7 M/s Mylan Laboratories An existing listed Indian pharma company with FDI
Ltd., Hyderabad
to acquire entire business of manufacturing from
another existing Indian pharma company.
8 M/s Mylan Laboratories An existing listed Indian pharma company with FDI
Limited, Andhra Pradesh to acquire entire business of manufacturing from
another existing Indian pharma company.
9 M/s Terumo Mauritius Existing pharmaceutical company to increase
Holding Ltd
foreign equity participation from 74% to 100%.
108.50
270.00
Nil
39.50
1.12
Nil
Nil
Nil
90.00
10 M/s Medreich Ltd
11
12
13
14
A foreign owned Indian Pharma Company to

convert a 50% owned downstream pharma company
into a WoS by means of internal accruals.
M/s Darjeeling Organic To increase foreign equity participation from 49%
Tea Estates Pvt. Ltd.
to 60.50% from existing and four new foreign
investors to carry out the business of production,
distribution and export of tea.
M/s SEAF International To make foreign investment over a period of time
FDI, Mauritius
by subscribing to one or more classes of units of a
Fund making investment in food & agriculture
related sector.
M/s Aavishkar India
Transfer of units from NR to NR in a Domestic
Micro Venture Capital/ Venture Capital Fund
M/s Care Canada
M/s Maini Precision
Deletion of conditions requiring the prior approval
Products Pvt. Ltd
of DGCA as well as compounding, from the
approval letter dated 05.05.2011.
FDI/NRI inflows
(` In crore)
Nil
105.00
22.375
Nil
Nil
15 M/s ABG Container

Handling Pvt. Ltd.,
Mumbai
16 M/s Vijay Television
Pvt. Ltd.
2.
Investing company proposes to receive foreign

investment for making downstream investment.
The existing domestic shareholding in the non-news
channel business is being acquired by the foreign
promoters.
48.64
961.74
Sl.
No
1 M/s Financial software

and Systems Pvt. Ltd.,
Chennai
Pvt. Ltd
3 M/s Jeevan Telecasting
Corporation Ltd
4 M/s Greycells Education
Ltd
5 M/s IL&FS Securities
Services Ltd
6 M/s Maharashtra
Transmission
Communication
Infrastructure Limited,
Mumbai
Limited
An Indian financial software transaction processing solutions

company having FDI proposes to engage in the additional activity of
setting up, owning and operating White Label ATMs.
To increase FDI percentage in investing company by way of transfer
of shares from Resident to Non-resident.
MHA has proposed for revocation of existing approval.
To issue warrant to carry out the business of educational services
institutions.
Merger of an Indian company into another Indian company, with the
approval of Honble High Court Mumbai.
Post facto approval for issuance of FDI compliant instruments to an
Indian company having foreign equity participation and other foreign
investors to undertake the business of providing telecom services in
the IP Category I.
Cmpany engaged in the business of Infrastructure Provider CategoryI (IP-I), in telecom sector to undertake additional activities and
consequently proposes to reduce FDI from 100% to 74%.
8 M/s P5 Asia Holding
NR to NR transfer of shares to carry out the business of (a)
Investments (Mauritius) Broadcasting a non- news and current affairs television channel
Limited, Mauritius
namely StarCJ alive Channel; (b) wholesale cash and carry trading
of products; and (c) creation of home shopping content for broadcast
through any and all mediums, including the channel, all within
India.
3.
The following 2 (Two) proposals have been recommended to advise the applicant that
the proposals are not within the purview of FIPB:
Sl.
Name of the
No
applicant
1 Dr. A. Jawahar
Post facto approval for regularization of equity shares. The company is
Palaniappan, USA
engaged in the activity of printing magazines, telephone directories, text
books, etc.
2 M/s Akzo Nobel
Conversion of unsecured loan into capital grant in the chemicals &
India Ltd., Kolkata paints sector.
4.
Decision in the following 1 (One) proposal has been kept in abeyance:

No.
8 M/s Punj Lloyd

*****
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on May 7, 2010, Government has approved 24 Proposals of Foreign Direct Investment amounting
to Rs. 1412.19 Crore approximately.
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 07.05.2010
Following 24 (Twenty four) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)

1
M/s Nifco Inc., Japan
To set up two wholly owned subsidiaries to undertake

manufacture of plastic fasteners and allied products.
The proposal attracts Para 4.2.2 (and its Sub-paras) of
Consolidated FDI Policy 2010.
28.40
M/s Haver Standard India Ex-post-facto approval for issue of partly paid up equity
Pvt. Ltd., Mumbai
shares to carry out the manufacture and export of
Woven Wire Mesh, Spinneret Disk Filters/Candle Filters,
Demister Pad, Mister Screen, Knit mesh Column,
packing Pads, Silver Wire cloth, Silver Granules and
Silver Knitted Mesh.
1.73
COMMERCE
2
CORPORATE AFFAIRS
3
M/s Networth Stock

Broking Ltd., Mumbai
Ex post-facto approval for issuance of warrants to carry

out the business of stock broking.
Nil
HEAVY INDUSTRY
4
M/s Elliott Company USA To set up a WoS to undertake the business of

manufacture of steam engines and turbines,
manufacture of parts and accessories n.e.c. for prime
movers, boilers, steam generating plants and nuclear
reactors, and pumps, compressors, taps and valves. The
proposal attracts Para 4.2.2 (and its Sub-paras) of
0.07

5
M/s Amar Chitra Katha

Pvt. Ltd., Mumbai
Induction of Foreign Investment to carry out the

business of publishing pictorial magazines and comic
books.
0.09
Induction of foreign equity to undertake the business of

mining of precious/semi-precious metal ores.
The
4.00
MINES
6
M/s Narsinghpur Gold

Mining Pvt. Ltd., Delhi
POWER
7
M/s Jyoti Structures Ltd., To issue detachable warrants on a right basis to its
Mumbai
existing equity shareholder, including NRIs and FIIs.
125.00
M/s AIP Power Pvt. Ltd.,

Delhi
113.00

setting up power plants either directly or indirectly by
promotion of Special Purpose Vehicles or joint venture.
SHIPPING
9
M/s Forbes Bumi Armada Ex-post-facto approval for the issue of partly paid up
Ltd., Mumbai
equity shares.
0.24
TELECOMMUNICATION
10 M/s Tejas Networks Ltd., Transfer of shares by way of share swap to undertake
Bangalore
the business of R&D in India to build telecom products,
designs, develop and sells optical networking equipment
to telecommunications operators worldwide.
Nil
TOURISM
11 M/s Carlson Hotels Asia
Pacific Investments Pte.
Ltd., Singapore

operating, licensing, franchising, owning and leasing
hotel properties and other related activities. The
0.32
12 M/s Jalan
Intercontinental Hotels
Pvt. Ltd., Kolkata
Ex post-facto approval for issue of partly paid equity

shares to carry out the business of construction,
development and maintenance of hotels.
30.00
FOOD & PUBLIC DISTRIBUTION (Dte of Vanaspati, Vegetable Oil & Fats)
13 M/s Adani Wilmer
Limited
To make downstream investment through internal

accrual.
Nil

14 M/s Bhilwara Energy
Limited
To make an amendment in the FC approval. Induction

of FDI in investing company.
15 M/s SG Wealth
Management solutions
Pvt. Limited
16 M/s Dipti Publications

Pvt. Limited

publishing of speciality periodicals
240.00
Nil
Nil

17 M/s Asianet
Induction of foreign equity to undertake the business of
Communications Limited broadcasting non-news and current affairs television
channels.
425.00
URBAN DEVELOPMENT
18 M/s Isolux Corsan India
Engineering &
Construction Pvt. Limited
Nil
Ex-post-facto approval for issuance of partly-paid equity

shares.
99.93
ECONOMIC AFFAIRS
19 M/s Valuable Media
Limited, Mumbai

20 M/s Morgan Stainley
Mauritius Company Ltd.

Nil

21 M/s Star India Holding BV To acquire up to 49% share holding stake in TS
Investment Ltd., who in turn will acquire shares of Tata
Sky Ltd.
22 M/s Neo Sports Broadcast To make an amendment in the FC approval.
Pvt. Limited
324.00
No Fresh Inflow
ECONOMIC AFFAIRS
23 M/s Ascendas IT Park
(Pune) Private Limited
Ex-post-facto approval for issue of partly paid up equity

shares to carry out the development of Special
Economic Zone.
20.41
INDUSTRIAL POLICY & PRPMOTION

24 M/s Forum Ventures
Private Limited
2.
Payment of money to the foreign investors on buying

back shares held by the foreign investors.
No Inflow

Sl.
No
Ex-post-facto approval for issuance and allotment of warrants to carry out
Limited, Bangalore
Kolkata
To issue warrants to undertake the business of Engineering equipment.
3 M/s Jagran Media

Induction of foreign equity into a company which does not have any
4 M/s Strawberry
Constructions Pvt. Ltd.,
Mumbai
Condonation of delay in getting the funds to meet the minimum

capitalisation norms.
5 M/s NTT Communications To make an amendment in the FC approval.

Corporation

Limited
7 M/s Quantium Solutions To make an amendment in the FC approval.

Pvt. Limited
9 M/s Transcend
Acquisition of 100% equity to undertake the business of building towers,

acquiring towers for securing management rights of towers for the
purpose of leasing or licensing the shared use of these towers to
10 M/s Hindustan Media

Ventures Limited, Patna
Induction of foreign investment from non-residents including FIIs, FVCI

and VCF and multilateral and bilateral development financial institutions
and other eligible foreign investors including pursuant to a private
placement, IPO of equity shares of the Company and/or transfer of equity
shares or other securities convertible into equity shares.
11 M/s Mid Day Multimedia To make an amendment in the FC approval.

Limited


Mumbai

14 M/s S Tel Private Limited, To issue/allot fully paid-up fresh equity shares to undertake the business
Gurgaon
15 M/s Telcordia
16 M/s Telestra Private

Limited
Increase in the foreign equity from 49% to 74% in the telecom sector.
3.

Sl.
No
1 M/s Telelogic ICT Services Ex-post-facto approval for issuing equity shares against rent and
2
M/s Coreobjects Software Transfer of shares by way of share swap to undertake the business of
Inc. USA
Software Development/ IT enabled services.
M/s Gremach
Infrastructure
Equipments & Projects
Ltd., Mumbai
M/s Jaipur IPL Cricket Pvt To induct 100% foreign equity by way of issue of shares for consideration
Ltd.
other than cash.
Ex-post-facto approval for issue of warrants.
4.
Sl.
No
1 M/s Kims Cancer Care

Induction of foreign equity for setting up of oncology
and Research Center Pvt. centre to provide comprehensive cancer care and
Ltd., Kerala
research facilities.
5.
FDI/NRI inflows
(Rs. In Crore)
3.4

No.
1
M/s Tikona Digital

Network Private Limited
To enhance the FDI to 74% by issue of Compulsorily

Convertible Debentures (CCDs) and equity shares to
existing foreign investors and new foreign investors.
*****
FDI/NRI inflows (Rs.

In Crore)
1142.21
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on July 6, 2011, Government has approved 31 Proposals of Foreign Direct Investment amounting

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 06.07.2011
Following 31 (Thirty one) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (` In
crore)
CIVIL AVIATION
1 M/s Celebi Hava Servisi
A.S. Turkey
Transfer of shares from Non Resident (NR) to NR to carry

out the third party Ground Handling Services at Mumbai No Fresh Inflow
Airport.
CORPORATE AFFAIRS
2 M/s Cox & Kings Ltd.,
Mumbai
To allot warrants together with secured redeemable nonconvertible debentures (NCDs) and/or equity shares
and/or convertible securities other than warrants
(Convertibles), through a Qualified Institution
Placement (QIP) to the non-resident Qualified
Institutional Buyers (QIBs) to carry out the business of
Leisure travel services, corporate travel services, visa
processing services and foreign exchange services.
750.00
ECONOMIC AFFAIRS
3 M/s Europ Assistance India Ex-post-facto approval for conversion of prePvt. Ltd., Mumbai
incorporation expenses to carry out the business of
providing services related to travel, automobile and
medical and act as logistic inhouse for travel related
activity.
4 M/s GGV Managerial
To issue shares against the amount received upon
Services Pvt. Ltd.,
termination of the lease to carry out the business of
Hyderabad
development and implementation of managerial and
technical support systems for processing, electronic
filing, accounting processes, expense management,
budgeting.
5 M/s InMobi Technologies Transfer of shares by way of share swap to carry out the
business of Developing software and licensing it to
Advertising Network related business.
6 M/s Vertex Securities Ltd. Ex-post-facto approval for non-compliance of minimum
capitalization norms.
0.15
0.16
No Physical
inflow
1.70
FINANCIAL SERVICES
7 M/s Deepshikha Trading
To allow conversion of non repatriable shares purchased
Company Pvt. Ltd., Kolkata on payment of foreign exchange into repatriable shares, No Fresh Inflow
so as to enable its sale to Resident companies.
8 M/s Asia Pragati Capfin
Conversion of an operating company into an operating
Pvt. Ltd., Delhi
cum investing company to make downstream investment
No Fresh Inflow
in various Indian companies, including Venture Capital
Funds, Private Equity Funds and Mutual Funds.
9 M/s Multiples Pvt. Equity To issue units, to make investments in securities of the
Fund Scheme-1, Mumbai Indian companies and to distribute income realized on its
1000.00
investment.

10 M/s Big Showbiz Broadcast Induction of foreign equity and conversion of operating
Ltd., Delhi
company into an operating cum investing company to
invest, from time to time, in other companies engaged in,
or proposing to engage in, up-linking and down-linking of
non-news and non-current affairs television channel
and/or related activities.
79.14
POWER
11 M/s Hinduja Energy (India) Induction of foreign equity into an Indian company which
Ltd., Mumbai
does not have any operations and also does not have any
downstream investments.
400.00
STEEL
12 M/s Stemcor Holdings Ltd., Acquisition of shares by way of share swap in mining
No Fresh Inflow
UK
sector.
TOURISM
13 M/s Middle East Hotel
Company Pvt. Ltd., Kerala
Ex-post-facto approval from for (i) transfer of shares

from NRIs (acquired from their Rupee resources as
Residents) to NR Company, (ii) conversion of nonrepatriable equity into repatriable equity which was from No Fresh Inflow
their rupee resources and (iii) payment of sale
consideration by NR in INR. The company is engaged in
the business of hotels & restaurants.
URBAN DEVELOPMENT
14 M/s Brahma Center
Development Pvt. Ltd.,
Delhi
To issue equity shares against the initial bid amount paid

to HSIIDC to carry out the business of Builders,
developers & infrastructural contractors.
62.00
COMMERCE
15 M/s
Ferragamo
International
B.V.
Netherlands
(M/s
Ferragamo Retail India Pvt.
Ltd.
Change of name of the foreign collaborator due to

internal restructuring of the group and subsequent
merger. The company is engaged in the business of
single brand retailing.
Nil
ECONOMIC AFFAIRS
16 M/s Ghir Investments
(Mauritius) Ltd.
Amendment in FC approval for increase in foreign equity

percentage in an investing company.
Included in
earlier approval

17 M/s Ortel Communications To issue equity shares to NR to the extent that the
Ltd.
foreign shareholding in the company post the issue shall
remain within the ceiling of 49% of its paid equity share
capital. The company is engaged in the business of
building hybrid fibre coaxial (HFC) communications
network to provide a range of telecom value added
services such as High Speed Internet Access, Cable
Television and Basic Telephony, E-Commerce, and Video
Conferencing.
To increase foreign equity percentage to carry out the
Magazines GmbH,
business of publication and sale of speciality and life style
Germany
magazines.
Not available
21.54
ECONOMIC AFFAIRS
19 M/s Natixis Global Asset
Management, France
To invest by way of indirect foreign investment in

Pension Fund Subsidiary.
300.00
20 M/s Ashwell Holding

Company Pvt. Ltd.,
Mumbai

investing company.
852.60
21 M/s BNP Paribas S.A. Paris To set up a WoS to act as an investing company.
225.00
DEFENCE PRODUCTION
22 M/s NCBG Holdings, Inc.,
Cayman Islands
Induction of foreign equity in an Indian company to

undertake the manufacturing of wiring sets including
wiring sets of a kind used in vehicles, aircraft, ships or
other machinery used in defence industry.
4.45

23 M/s Precision Electronics
Pvt. Ltd.
To undertake the additional activity in the defence

sector.
24 M/s Interglobe Enterprises To set up separate joint venture companies to run duty
Ltd.
free shops at specified International Airports.
No Inflow
Nil

25 M/s Southern CNG
Ltd., Kolkata
Induction of foreign equity by a company from

Bangladesh.
4.59
TELECOMMUNICATIONS
26 Mr. M. Rezaul Hassan and Ex post facto approval to set up a WOS to undertake the
Ms. Monnujan Nargis,
business of Software development Services by citizens of
Bangladesh
Bangladesh.
0.01
ECONOMIC AFFAIRS
27 M/s Status Infin (India)
Induction of foreign equity in an investing company

providing finances to companies engaged in power,
infrastructure and emerging sectors in India.
45.00

28 M/s Mecords India Ltd.
Ex-post-facto approval for issue of partly paid up equity

shares.
Ex post facto approval for issue of warrants to carry out

the business of Software Development, IT and IT enabled
services.
Transfer of shares by way of swapping equity shares in
lieu of acquisition of existing investments of foreign
collaborator held in the three SPVs.
30 M/s Amrit Jal Ventures

Pvt. Ltd
17.36
45.00
Nil
TELECOMMUNICATIONS
Network (India) Pvt. Ltd.
Induction of foreign equity by an erstwhile OCB to

carry out the business of up-linking a non-news and
current affairs TV channel.
36.00
2.
The following 18 (Eighteen) proposals have been deferred:

Sl.
Name of the
No
applicant
1 M/s Allcargo Global Ex post facto approval to issue and allot optionally convertible warrants to carry
Logistics Ltd.,
out the business of logistics business comprise of the Multi-modal Transport
Mumbai
Operations, Inland Container Depot/Container Freight Stations, Project Cargo
Handling, Equipment Hiring, Warehousing.
2 M/s Spiral EHL
Induction of foreign equity to carry out the business of manufacturing military
Engineering Pvt.
aero structures and other related items and services.
Ltd., Delhi &
Haryana
3 M/s JAS Forwarding Ex-postfacto approval for issue of shares against advance received.
Worldwide Pvt.
Ltd., Delhi &
Haryana
4 M/s Kae Capital
Induction of foreign equity in a Fund to undertake the business of making
Trustee Company investment in various portfolio companies.
Pvt. Ltd., Mumbai
5 M/s Financial
To undertake the additional activity of publishing speciality journal/magazines
Planning
pertaining to various aspects of financial planning.
Corporation India
Pvt. Ltd., Mumbai
6 M/s Fine Publishing Induction of foreign equity to carry out the business of publishing specialty
India Pvt. Ltd., Delhi technical magazines covering the subject of wine and champagne.
7 M/s IPFonline Ltd., Induction of foreign equity by way of downstream investment to carry out the
Chennai
business of publishing/printing of technical magazines/ periodicals/journals.
8 M/s Cordia
International Corp., business of telecommunication and act as a services provider. Services include
USA
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.
9 M/s Air Works India To act as investing-cum-operating company to make downstream investments in
(Engineering) Pvt. companies in India, engaged in the aviation services business.
Ltd.
10 M/s Dish TV India Transfer of shares from NR to NR to carry out the business of
Ltd.
telecommunication equipment and provide management and marketing of
agrani services i.e. in the area of Mobile Satellite Communications.
11 M/s Walt Disney
To undertake the additional activity of Broadcasting and downlinking.
Company India Pvt.
Ltd.
12 M/s Vodafone Essar Transfer of shares from NR to NR to carry out the activities relating to
Ltd.
Telecommunication.
13 M/s G4S Security
Ltd., Delhi &
Haryana
14 M/s Hughes
Communications
India Ltd.
Ex-post-facto approval for induction of foreign equity to carry out the business
of providing security services.
To make downstream investment to carry out the activity relating to telecom

sector.
15 M/s UT Starcom
India Telecom
Private Limited
Holdings (India)
Ltd., Mumbai
17 M/s Harsh
Intertrade Private
Limited,
Ahmedabad
18 M/s Shiva Regency
Pvt. Ltd.,
Ahmedabad
3.
Acquisition of equity shares by way of subscription to new equity shares and/or

purchase of existing equity shares in an investing company engaged in the
telecom sector.
Ex-post-facto approval for allotment of shares against the amount received and
kept in Escrow account. The company is engaged in the business of
Development and Management of Hotels.
Ex-post-facto approval for allotment of shares against the amount received and
kept in Escrow account. The company is engaged in the business of

Sl.
Name of the
No
applicant
1 M/s Goldshield
Group Ltd.
2 M/s Verizon
Communications
India Pvt. Ltd.
3 M/s ASP Sealing
Products Ltd.
4.

To exit from the real estate business by way of either or any combination as
under:(i) Repatriation of cash/bank balance; and/or (ii) Sale of undeveloped land and
repatriation of such sale proceeds to the applicant after payment of relevant
taxes and compliance with regulatory laws of India; and/or (ii) Sale of shares to
Indian company.
Transfer of equity shares from non-resident shareholder to non-resident group
in Telecom Sector.
Ex post facto approval for transfer of shares from NRI to NR on the advice of
RBI.
The following 2 (Two) proposals have been advised to access automatic route.
Sl.
No
Name of the
applicant
1 M/s Dhruv Axon

Interconnect Pvt.
Ltd., Karnataka
2 M/s SightLife USA
5.
To undertake the additional activities of an Indian Defence

Offset Partner by supplying certain components to
manufacturers and suppliers of products for the defence sector
under the Defence Offset Policy.
To set up a 100 per cent Charitable Company under Section 25
of the Companies Act.
Sl.
No.
1 M/s TM Harbour Services Pvt. Ltd.
*****
FDI/NRI
inflows
(` in crore)
0.02
0.05
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on August 06, 2010, Government has rejected the representation made by Tinna Finnex Ltd., for
revocation of the approval granted to M/s ADM Interoceanic Ltd., Mauritius.
Director (FIPB)
23094193
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 02.09.2011
Sl.
No.
FDI/NRI
inflows (` In
crore)
1 M/s World Infotech Pvt. Ex-Post facto approval for issue of partly paid
Ltd., Hyderabad
equity shares to non -resident investor to carry out
the business of I.T. Enabled Services-Medical
Transcription & Software Development.
0.08
POWER
2 M/s PTC India Financial Transfer of shares by way of share swap to carry out
Services Ltd., Delhi & the business of Power Generation.
Haryana
No Fresh
Inflow
CONSUMER AFFAIRS
3 M/s ADM Investor
Ltd.
To acquire 51% of the enhanced share capital of

ADMISI India. The Indian company is engaged in
the business of commodity trading.
3.21

4 M/s Angel Infin Pvt.
Ex-post-facto approval for issuance/ allotment of
Ltd.[ now known as M/s warrants.
Angel Global Pvt. Ltd.
5 M/s Honda Siel Cars
India Ltd.
6 M/s Primacy Industries

Ltd.
0.92
To make investment in setting up of a Vocational

Training Institution for imparting technical and
specialized education and/or training in the areas
related to automobile/supply chain and/or in related
fields.
No inflow
To amend the clause 4 of the FC approval. The

manufacturer-cum-exporter of home fragrance
products.
No inflow
CIVIL AVIATION
7 M/s Air Charter Service To incorporate a company for the purpose of
Group Plc.
providing brokerage services for aircraft charter
with foreign investment of 74 percent.
0.81
CORPORATE AFFAIRS
8 M/s Allcargo Global
Logistics Ltd., Mumbai
9 M/s Cybertech Systems

and Software Ltd.,
Mumbai
Ex post facto approval to issue and allot optionally

convertible warrants to carry out the business of
logistics business comprise of the Multi-modal
Transport
Operations,
Inland
Container
Depot/Container Freight Stations, Project Cargo
Handling, Equipment Hiring, Warehousing.
141.36
Ex-post-facto approval for issue of fully convertible

equity share warrants. The company is engaged in
the business of Software Development.
0.23
DEFENCE PRODUCTION
10 M/s Indian Rotorcraft
Ltd., Mumbai

of final assembly of both military and civil versions
of helicopters.
17.42
11 M/s Checkmate Services Induction of foreign equity in a company engaged in

Pvt. Ltd., Gujarat
private security services.
66.00
HOME AFFAIRS

12 M/s Burda Gesellschaft
mit BeschrAnkter
Haftung, Germany
To set up a WoS to engage in the business of (a)

publication of magazines/ periodicals/ journals
focussing on lifestyle, entertainment, fashion, iterrior
design/ decoration, cars and computer; publishing
Indian editions of foreign titles and also editions of
Indian titles; (b) custom publishing for third party;
and (c) events and matters related to publication of
magazines/ periodicals/ journals and promotional
activities.
12.85
2.
In addition to the above, the transactions relating to transfer of shares of M/s Vodafone Essar
Limited from Mauritius based Non- resident (NR) to NR (M/s Essar Communications Limited,
Mauritius and Esssar Com Limited to M/s Euro Pacific Securities Limited [indirect subsidiary of
Vodafone International Holdings B.V]) was taken up as a proposal (Item No. 33A) on the basis of
information supplied by the company and inputs of the committee headed by AS & DG, DoC. The
same has been approved. Since the transaction is between NR to NR, there is no foreign equity inflow.
3.

No
1 M/s Sabero Organics
Ex-post-facto approval for issuance of warrants. The company is
Gujarat Ltd., Mumbai
engaged in the business of producing insecticides, herbicides,
fungicides and speciality chemicals.
2 M/s Ace Derivatives and To transfer equity shares to FIIs such that the holding of each FII
Commodity Exchange
will not exceed 5 per cent of the equity of the company. The
Limited, Mumbai
company is engaged in the business of Commodity Exchange.
3 Mr. Ankit N Patel,
Gujarat
Induction of foreign investment in the proposed LLP for

undertaking the activity of wholesale trading and distribution of
baby care products in India including B2B e-commerce trade.

Ltd., Singapore
To set up a WOS to undertake the business of providing audio,

video and web conferencing services for business, commercial,
banking and other establishments.
5 M/s Cellcast Interactive To undertake the additional activities of setting up of three NonIndia Pvt. Ltd., Mumbai news and current affairs Television channels in Hindi, Tamil and
Telugu in India.
6 M/s 9X Media Pvt. Ltd. (i)
To increase foreign equity participation from 80% to upto
100%. (ii) To make downstream investments upto 100%.
7 M/s Walt Disney
To increase foreign shareholding from 48.02 percent to upto 100
Company (Southeast)
percent to carry out the business of (i) film distribution, (ii) content
Asia Pte Ltd.
development and distribution, (iii) animation productions, and (iv)
through downstream to undertake broadcasting business, by uplinking one or more general entertainment (not being news and
current affairs) channel, in addition to the existing activities.
8 M/s Rahimafrooz
Batteries 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
from Bangladesh.
9 M/s G4S Security

Ex-post-facto approval for induction of foreign equity to carry out

the business of providing security services.
10 M/s Singpai Pte Ltd.,

Singapore
Induction of foreign equity into an Indian company to carry out the

business of manned guarding investigations, electronic security
systems and cash management services.
11 M/s Hughes
Ltd.

tele-education sector.
12 M/s Cordia International To increase shareholding from 49 percent to 74 percent to carry out
Corp., USA
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.
13 M/s UT Starcom India To undertake additional activity relating to Telecom/I&B sector.

Telecom Private Limited
14 M/s Vodafone Essar Ltd. Transfer of shares from Resident to NR to carry out the activities
relating to Telecommunication.
Media Pvt. Ltd.
4.
Induction of foreign equity by way of issue and allotment of

compulsorily convertible participating preference shares to carry out
the business of TV channel license for up-linking a non-news and
current affairs TV channel.

Sl.
No
1 M/s Delkor Technik

Ex-post-facto approval for capitalization of pre-incorporation
India Pvt. Ltd., Mumbai expenses.
The company is engaged in the business of
manufacturing of equipment for mining and fertilizers.
2 M/s Eagle Hunter
Induction of foreign equity upto 49 percent. The company is
Solutions Ltd., Delhi & engaged in providing Manned Guarding and Detective Services,
Haryana
Investigative Services, Integrated Electronic Security Systems and
Consultancy Services.
3 M/s Jadoli Systems Pvt. To convert the advance remittances received from the parent
Ltd., Bangalore
company, towards software development services to be provided
into equity.
4 M/s Reasoning Global Ex-post facto approval for issue of partly paid shares. The company
e-Application Pvt. Ltd. is engaged in the business of development of software, webdevelopment and economic activities which provide online,
interactive websites for the posting, promotion, search, sale and
resale of items via global computer network (Internet).
5 M/s Jas Forwarding
Worldwide Pvt. Ltd.,
Delhi & Haryana
Ex-postfacto approval for issue of shares against advance received.
6 M/s Aveo Real Estate

Holdings Pvt. Ltd.
Ex-post-facto approval for capitalization of initial incorporation

expenses paid to consultants. The company is engaged in the
business of making investment in construction development
activities, compliant with FDI policy.
7 M/s AOS Holding India To set up a JV company to undertake the business of Real estate
S.A.S. France
agents, brokers and managers engaged in renting, buying and
selling, managing and appraising real estate on a contract or fee
basis. Architectural and engineering and other technical consultancy

activities.
5.
The following 1 (One) proposal has been advised that FIPB approval is not required.
Sl.
No
Name of the
applicant
FDI/NRI
inflows
(` in crore)
1 M/s MBNA
Indian Services
Pvt. Ltd.,
Bangalore
6.
Induction of foreign investment into an Indian company

which does not have any operations and also does not have
any downstream investments.
Sl. No.
1

M/s Shriram Credit Company Ltd., Chennai
*****
1.40
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
amounting to ` 1710.63 Crore approximately.

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 03.11.2010
Following 13 (Thirteen) proposals have been approved.
Sl.
No.
FDI inflows
(` in crore)
ECONOMIC AFFAIRS
1 M/s Indopark Holdings
Ltd., Mauritius
To subscribe to equity shares in infrastructure companies

in Securities Markets.
4.5
HEALTH
2 M/s Alaguraj
Rajendramani, Tamil
Nadu, M/s Torunskie
Zaklady Materialow,
Opatrunkowych S.A,
Poland
To set up a JV company in Karnataka to undertake

wholesale trading/cash and carry basis in India of health
care, hygienic, medical and other related branded
products.. The proposal attracts para 4.2.2.2 of Circular 2
of 2010 of the Consolidated FDI policy.
3 M/s Alaguraj
Rajendramani, Tamil
Nadu, M/s Torunskie
Zaklady Materialow,
Opatrunkowych S.A,
Poland
To set up a JV company in Kerala to undertake wholesale

trading/cash and carry basis in India of health care,
hygienic, medical and other related branded products..
The proposal attracts para 4.2.2.2 of Circular 2 of 2010 of
the Consolidated FDI policy.
0.63
0.63
FINANCIAL SERVICES
4 M/s Astro Project
Holdings Limited,
Mauritius
To subscribe to the units of a fund to make investment in

portfolio companies operating across various sectors.
5 M/s Eagle Asia Holding

Ltd., Mauritius
To subscribe to the units of a fund to make investment in

portfolio companies operating across various sectors.
0.00005
To establish a new Joint Venture company for processing

and supply of steel products to cater to the captive
requirements. The proposal attracts para 4.2.2.2 of
Circular 2 of 2010 of the Consolidated FDI policy.
38.76
To make an amendment in the FC approval to bring in

additional funds.
0.49
0.22
STEEL
6 M/s Metal One
Corporation, Japan
ECONOMIC AFFAIRS
7 M/s Gullco International
India Pvt Ltd
TELECOMMUNICATIONS
8 M/s Sterlite Technologies To make an amendment in the FC approval to enter new
Ltd
areas of activities.
Nil
CIVIL AVIATION
9 M/s GMR Airports
Holding Limited,
Bangalore

960.00
ECONOMIC AFFAIRS
10 M/s Falcon Tyres Ltd.,
Karnataka
Induction of foreign equity by an erstwhile Overseas

Corporate Body to carryout the activity of manufacturing.
705.40

11 M/s SIDOFI
Communications
Investments Ltd.

business of broadcasting non-news and current affairs
television channels.
Nil
12 M/s SIDOFI
Communications
Investments Ltd.
Transfer of shares from NR to NR to carry on in India all

or any of the business of operators, providers, installers,
etc. in telecom services.
Nil
TELECOMMUNICATIONS
13 M/s Telecordia
2.
Review of cancellation of Original FC approval, subject to

additional security condition.
Nil

Sl.
No
1 M/s Catvision Products
To issue and allot convertible warrants to carry out the business of
Limited, Delhi
manufacturing of CATV equipment.
2 M/s Jubilant Aeronautics Induction of foreign equity to carry out the manufacturing of different
Pvt. Ltd. (JAPL), Delhi
types of Unmanned Aerial Systems (UAS) and accessories.
3 M/s Associated
In pursuance of the merger proposal to issue and allot compulsory
Broadcasting Co. Pvt. Ltd., convertible preference shares on the date of completion of the merger.
Hyderabad
The company is engaged in the TV Channel Broadcasting.
4 M/s Elbee Express Pvt.
Ltd.

providing courier and logistics activities.
5 M/s Verizon
Pvt. Ltd.



Pvt. Ltd., Gujarat

services.

Services Pvt. Ltd.,
Mumbai

broadband services.
9 M/s Metrix Ventures Pvt. Induction of foreign equity to undertake activity of infrastructure provider
Ltd., Kolkata
category I.
Business Services
broadband services.
Pvt. Ltd., Delhi

broadband services.
Business Services (Kerala) broadband services.
Pvt. Ltd., Delhi
Category I).
3.
14 M/s Flagship
Mumbai
Ex-post-facto approval for issuance of warrants.
15 M/s DLF Limitless

Developers Pvt. Ltd.,
Delhi

completion of minimum capitalization norms of the company.


Radio Broadcasting.

Sl.
No
1 M/s Fischer Measurement
Technologies (India) Pvt. Ltd.,
Maharashtra

To issue shares for consideration other than inward remittances.
2 M/s Duke Corporate Education To issue shares for consideration other than inward remittances.
India Pvt. Ltd., Ahmedabad
3 M/s Everstyle Hotel Supplies
India Private Limited, Delhi
To issue shares for consideration other than inward remittances.
4 M/s Jet Airways India Ltd.
Equity investment through the Qualified Institutions Placement

(QIP) route.
6.
investment involved in the proposal is above ` 1200 crore:
Sl.
No
Name of the
applicant
1 M/s AES India

To subscribe upto 100% in the paid up equity share capital of
Holdings (Mauritius), the new power company to be formed for setting up a coal
Mauritius
based thermal power plant in Bihar. The proposal attracts para
4.2.2.2 of Circular 2 of 2010 of the Consolidated FDI policy.
*****
FDI inflows
(` in Crore)
2389.37
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the 26th March, 2009
PRESS RELEASE
held on 20th March, 2009, Government has approved 26 Proposals of Foreign Direct Investment
amounting to Rs. 1042.915 Crore approximately. The proposals relate to Min istries/Departments,
namely, Commerce, Economic Affairs, Heavy Industries, Industrial Policy & Promotion, Information &
Broadcasting, Home Affairs, Petroleum & Natural Gas, Railways, Civil Aviation and
Telecommunication.
(Prabodh Saxena)
Director (FIPB)
7 23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
20.03.2009
Following 26 (Twenty six) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Vitra India Pvt. Ltd,
Mumbai
To undertake the activities relating to wholesale of

Furniture Products and Systems, marking of direct
institutional sales of spare parts and accessories of
No Fresh Inflow
Furniture Products and providing technical support
services such as installation as well as maintenance
services on call basis.
2 M/s D-Link Holding

Mauritius Inc. Mauritius
Acquisition of equity shares by way of share swap.
3 M/s Indo Prime Visual

Technologies Pvt. Ltd
To promote an SPV for sale and marketing of INDO

Edgers and equipments for optical industry under the
single brand.
0.17
4 M/s Tecnomen Oyj,

Finland
Acquisition of equity shares by way of share swap and

cash arrangement from the existing resident
shareholders.
131.33
5 M/s Technomen Oyj,

Finland
Acquisition of equity shares by way of share swap and

cash arrangement.
2.46
6 M/s Viadeo S.A. France
No Fresh Inflow
ECONOMIC AFFAIRS
7 M/s Aastha Broadcasting Regularization of equity held by NRI by way of

Network Ltd, Mumbai
acquisition of the same from open market and further
induction of foreign equity in a company engaged in uplinking a non news and current affairs TV channel.
8 M/s Neo Sports
Broadcasting Pvt. Ltd,
Mumbai
Induction of foreign investment by issuance of fresh

equity shares/ equity linked instruments (such as
Compulsorily Convertible Preference Shares) in a
company engaged in the business of uplinking and
broadcasting of non-news and current affairs television
channels.
9 M/s Vignani Technologies Conversion of operating company into an operating cum

Pvt. Ltd, Bangalore.
investing company to set up a new subsidiary out of its
No Fresh Inflow
2.50
258.53
No Fresh Inflow
own internal accruals.

10 M/s Intertoll India
To set up one or more downstream WOSs out of its own
Consultants Pvt. Ltd, New internal accruals.
Delhi.
No Fresh Inflow
HEAVY INDUSTRIES
11 M/s Samvardhana
Motherson Finance Ltd
To increase foreign equity participation by way of issue

of equity shares and/ or compulsory convertible
preference shares and/ or compulsory convertible
debentures in the auto and auto ancillary, allied and
other sectors. The proposal attracts Press Note 1 of
2005.
208.26

12 M/s Virgo Engineers Ltd
Issue of equity shares by way of shares swap agreement.
No Fresh Inflow
COMMERCE
13 M/s Allergan Inc, USA
Inclusion of import and sale of additional products in the

No Fresh Inflow
WOS. The proposal attracts Press Note 1 of 2005.

14 M/s Newedge Group
To amend the one of the clause of the FC approval. The

Proposal attracts Press Note 1 of 2005.
No Fresh Inflow

15 M/s United Home
Entertainment Pvt. Ltd.
To launch a new television channel.
No Fresh Inflow
HOME AFFAIRS
16 M/s Asianet
Infrastructure Pvt. Ltd.
Transfer of fully paid equity shares from Resident to Non

Resident. The company is engaged in the teleport
activity.
0.63

17 M/s Fuchs Lubricants (I)
Pvt. Ltd.
Extension or waiver of the condition of dilution of 26%

stake to Indian Parties.
No Fresh Inflow
To permit further investment by an investing company

to in companies engaged in rail infrastructure services
and in new business in the railway infrastructure.
51.37
RAILWAYS
18 M/s Patil Rail
Infrastructure Pvt. Ltd.
COMMERCE
19 M/s John Deere
To set up a JV to carry out the manufacturing, marketing
Construction & Forestry, and distribution of all types of construction equipments.
USA
84.00
ECONOMIC AFFAIRS
20 M/s Tanla Solutions Ltd., Conversion of operating company into operating cum
Hyderabad
holding company to make downstream investments.
21 M/s BNP Paribas
Securities Services Ltd.,
France
31.50
(i) To subscribe either directly or through a wholly

owned subsidiary to equity shares constituting 49% of
the post investment issued and paid up share capital
and any additional shares that may be issued form time
to time and, (ii) to constitute a joint venture for
undertaking the business of providing registrar and
share transfer agency services (including for mutual
funds) and other ancillary securities services in India in
compliance with applicable laws.
9.065
To set up a JV company to provide ground handling

services for both domestic and international operators
as well as cargo handling and related services.
31.08
To set up a JV with a foreign equity participation of 26%

in Defence sector.
0.11
24 M/s Broadband Pacenet Induction of foreign equity by way of subscribing to or

(India) Pvt. Ltd., Mumbai acquisition of shares up to 74% equity of the company.
17.33
CIVIL AVIATION
22 M/s DNATA, UAE
23 M/s Thales Avionics S.A.

France
TELECOMMUNICATION
HEAVY INDUSTRY
25 M/s TRW Aftermarket
Asia Pacific Pte Ltd.,
Singapore
To set up a Joint Venture Company to undertake the

business of airbag modules for installation onto vehicles
produced in India. The proposal attracts Press Note 1 of
2005.
0.09
ECONOMIC AFFAIRS
26 M/s NSK Holding Pvt. Ltd. Transfer, issue of equity shares and/ or compulsory
convertible instruments into equity shares to Foreign
Collaborator. To acquire the status of foreign owned
Indian holding company and to make downstream
investment.
214.49
2.
The following 9 (Nine) proposals have been deferred :

No
1 M/s MEL Systems and
To engage in the manufacture of defence related activities.
Services Ltd., Chennai
2 M/s HP India Holdings
Ltd, Mauritius
To set up a JV company to undertake developing, owning and operating

hotels in various cities and markets in India. The proposal attracts Press
Note 1 of 2005.
3 M/s Comecer S.P.A. Italy To set up a WOS for undertaking the activities of trading of items sourced
from small sector and Test marketing.
Pune
1 of 2005.
5 M/s Sanlam Investment

Management (Pty) Ltd.,
South Africa
Issue of warrants and conversion of operating company into an operating

cum holding company to make further downstream investment. One of
the downstream subsidiaries is engaged in the commodity broking.
6 M/s Akar Info-Media Pvt. Induction of fore ign equity by issuing and allotting equity shares to carry
Ltd., Ahmedabad
out the activity of publishing of technical magazines.
Delhi

providers (Category-I) and conversion of operating company into
operating cum holding company to make downstream investments.
8 M/s Chorus Call

Conferencing Services
India Ltd
To increase the FDI from existing 51% to 74% of the paid up capital of the
company in telecom sector.
9 M/s Al Khaleej Sugar

International Ltd.
To review and amend of the clauses of the FC approval.
3.
The following 3 (Three) proposal has been rejected:

Sl.
No
M/s MD Group Inc,

1 Canada
To set up a JV company by issuing equity shares and preference shares for

consideration other than cash to carry out the activity in a Hotel and
related services.
2 M/s Oriflame India Pvt.

Ltd.
To expand the scope of activities by importing and marketing through

direct sales method.
3 The Bank of Nova Scotia, To set up a WOS to undertake wholesale trading and hedging in precious
Canada
metals etc.
4.
The following 8 (Eight) proposals have been advised to access automatic route.
Sl.
No
1 M/s HPL Additives Ltd,

New Delhi.
FDI/NRI
inflows (Rs. In
Crore)
To set up 100% subsidiary holding company with main

object of leveraging its widely acclaimed and recognized
research and development capabilities, skills and No Fresh Inflow
knowledge in chemical, pharmaceutical and allied
industries.
2 M/s Banswara Syntex Ltd, Ex-post facto approval for allotment of Redeemable
Banswara
Cumulative Preference Shares to carry out the activities No Fresh Inflow
relating to spinning of stapple fibers etc.
3 M/s NSL Seeds Pvt. Ltd.,
Hyderabad
To issue and allot fully paid up equity shares and

compulsorily convertible cumulative preference shares
and to act as operating cum investing company and to
4 M/s Man
InfraConstruction Ltd.
Mumbai
Preferential allotment of new equity shares, secondary

purchase of equity shares and change of status from
No Fresh Inflow
operating company to operating cum holding company to
5 M/s Nimbus
Communications Ltd,
Mumbai.
Ex-post facto approval for conversion of operating

company into an operating cum investing company to No Fresh Inflow
6 M/s Hind Terminals Pvt.

Ltd, Mumbai.
Ex-post facto approval for conversion of operating

company into an operating cum investing company to No Fresh Inflow
7 M/s Hughes
Communication India
Ltd., New Delhi

investing company to undertake the activities pertaining No Fresh Inflow
to Telecommunication sector.
250.00
8 M/s Saket Engineers Pvt. Conversion of operating company into operating cum
Ltd. Hyderabad.
holding company to make downstream investments to
undertake Real estate development projects and to make No Fresh Inflow
downstream investments in entities undertaking FDI
compliant projects/ activities.
5.
The following 02 (Two) proposals have been withdrawn by the applicant.

Sl.
No
1 M/s Man InfraConstruction Ltd. Transfer of shares from Resident to Non-resident.

Mumbai
2 Ms. Jula Mehta, Mumbai
Transfer of shares from Resident to Non-resident.

*****
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the April 20, 2012
PRESS RELEASE
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 30.03.2012
Following 22 (Twenty two) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)

1 M/s Mirali E-Solutions Induction of foreign equity in LLP to carry out the
LLP, Mumbai
business of Software development & IT enabled
Services.
0.005
STEEL
2 M/s Bhushan Steel
Limited, New Delhi
To undertake a rights issue of equity shares to the

existing equity shareholders of the company,
including NRIs, on rights basis (Rights Issue) on a
partly paid up basis. The company is engaged in the
business of steel production under automatic sector.
8.17

3 M/s Shantha
Biotechnics Ltd.
Increase in foreign equity in brownfield

pharmaceutical sector to carry out the activities of
research, development, manufacturing and marketing
of recombinant-DNA based bio-tech products and
other bio-generics.
514.00

4 M/s Putzmeister
Capitalisation of import payables to carry out the
Concrete Machines Pvt. business of manufacturing, marketing and sale of
Ltd.
Putzmeister range of concrete pumps, other related
products and rendering related after-sales services.
5 M/s Smithkline
Transfer of shares from NR to NR in existing pharma
Beecham Pvt. Ltd.
company.
6 M/s Bangla
To amend activities from Bengali language
Entertainment Pvt. Ltd. television channel to non-news and current affairs
7 M/s Akorn Inc., USA To amend the FC approval regarding indirect
investment by the applicant in brownfield pharma
sector.
Nil
Nil
Nil
Nil
DEFENCE PRODUCTION
8 M/s Ashok Leyland
Defence Systems Ltd.,
Chennai
To undertake defence related activities.

10.00
ECONOMIC AFFAIRS
9 M/s CSR Technology Ex-post facto approval for the initial capital
(India) Pvt. Ltd., Delhi investment made by two resident Indians on behalf
of the foreign company to undertake design,
development and testing services for GPS Chips
Sets.
0.01

10 M/s Springer (I) Pvt.
Ltd.
11 M/s Springer Editorial

Services Pvt. Ltd.
12 M/s Sterlite Grid 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
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, prepress, pre-media services, digital communication
services, data based management, digitization
services, data based engineering
To amend approval to clarify permissibility of
downstream through internal accruals.
4.24
12.87
Nil
COMMERCE
Credit Development
Company Pvt. Ltd.,
Pune
Post facto approval for (i) undertaking wholesale

trading activity since during year 2000-01 to 2001-02;
(ii) transfer of equity shares from two resident Indian
to Uni-cash or their nominees; and (iii) to set up and
operate an Industrial Park in terms of Press Note 2 of
2000.
9.002
CORPORATE AFFAIRS
14 M/s Domino Printing
Sciences Plc., UK
Conversion of a company with FDI, into an LLP.

The company is engaged in the business of
manufacturing Coding of marking, printing
equipment.
No Fresh
Inflow
DEFENCE PRODUCTION
15 M/s Mahindra and
Mahindra Limited,
Mumbai
To set up a JV company to develop, manufacture and

provide service support for radar systems and various
kinds of defence electronic systems and various
kinds of defence electronic systems.
25.99
ECONOMIC AFFAIRS
16 M/s Samvardhana
Increase in foreign equity in the investing company
Motherson Finance Ltd. through Initial Public Offer (IPO).
Not yet
furnished

17 M/s Trizetto India
Private Limited, Pune
Conversion of a Private Limited company in to a

Limited Liability Partnership having foreign
investment.
No Fresh
Inflow
FINANCIAL SERVICES
18 M/s HSBC Insurance
Services Holdings
Limited, London
Infusion of foreign investment into an Indian

company which does not have any operations and
also does not have any downstream investments.
1.85
HIGHER EDUCATION
19 M/s Mathletics Private
Limited, Kolkata
Conversion of a Private Limited company in to a

Limited Liability Partnership having foreign
investment.
No Fresh
Inflow

20 M/s Network 18 Media To undertake the additional business of Publishing
& Investment Ltd.
Business through court approval amalgamation.
Nil

21 M/s Reed Elsevier India To undertake the additional activity relating to the
Pvt. Ltd.
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
Nil
TELECOMMUNICATIONS
22 M/s Cellcast Interactive To undertake the additional activities of setting up of
India Pvt. Ltd., Mumbai three Non-news and current affairs Television No fresh inflow
channels in Hindi, Tamil and Telugu in India.
2.
The following 18 (Eighteen) proposals have been deferred:

Sl.
No

Systems Limited,
Mumbai
2 M/s Al Shukur
Company For
Engineering And
Construction LLP,
Vadodara
3 M/s Sunraj Diamond
Exports Limited,
Mumbai
4 M/s SNC-Lavalin
Mauritius Limited,
Mauritius
5 M/s Ordain Health Care
Global Pvt. Ltd.,
Chennai

Induction of foreign direct investment into an LLP to carry out the
business of engineering services and engineering products.

cleaning, polishing and selling of Diamonds.

6 M/s Sutures India

Private Limited,
Bangalore
Limited, Mumbai
8 M/s Kintetsu World
Express (India) Pvt.
Ltd., Karnataka
9 M/s Apotex Research
Pvt. Ltd.
10
11
12
13

gloves.
Induction of foreign equity to carry out the business of express
distribution, supply chain and third party logistics services.
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.
M/s Netmagic Solutions Increase in foreign equity upto 74 percent and induction of a new
Pvt. Ltd.
foreign collaborator to undertake the business of Internet Service
Provider with gateways.
M/s CLSA Singapore Induction of foreign equity in an investing company to carry on the
Holdings Pte Ltd.,
business of process outsourcing services for clients, both domestic
Singapore/ M/s CLSA and offshore.
Limited, Hong Kong
M/s InterCall Asia
Ltd., Singapore
M/s Microqual Techno Increase in foreign equity to carry out the business of wireless
Ltd., Mumbai
telecommunications.
14 M/s Ankur Drugs and

Pharma Ltd., Mumbai

15 M/s Plethico
Pharmaceuticals
Limited, Mumbai
Private Limited,
Mumbai
Induction of foreign direct investment to carry out the business of

drug discovery and development.
Induction of foreign equity to carry out the business of writing,

editing, summarising, compiling, printing, publishing, buying,
selling, importing, exporting, circulating or otherwise dealing in
books publication and any other information or data pertaining to all
areas and sectors such as computer and information technology.
17 M/s Catvision Limited, To increase foreign equity participation to carry out the business of
Noida
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.
18 M/s Nilayami Realtors Post-facto approval for issuance of partly paid up shares.
Private Limited,
Mumbai
3.

Sl.
No
industries.
2 M/s Quest Global
To undertake machining of aerospace parts including structural parts
Manufacturing Pvt.
for defence and participate in defence offset programs.
Ltd., Bangalore
3 M/s YourNest Angel
Induction of foreign investment in a Trust.
Fund Trust
4 M/s Dia Vikas Capital Ex-post-facto approval for non-compliance with minimum
Pvt. Ltd., Gurgaon
capitalization norms for limited period of 72 days from July 21, 2010
to September 2010. The company is engaged in the business of
providing financial support to various Micro Finance Institutions in
India.
Approval for non-compliance with the condition regarding
Realties Private
completion of 50 % project within 5 years from the date of obtaining
Limited, Pune
all statutory clearances.
4.
The following 01 (One) proposal has been withdrawn:
Sl.
No
1 M/s Nikit Investments Private Limited, Andhra Pradesh
*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 1st August, 2007.
PRESS RELEASE
102 meeting held on 20th July, 2007, Finance Minister, Shri P. Chidambaram has accorded
approval to amendments in the earlier FIPB approval granted to M/s. Autoliv India Pvt. Ltd.
vide letter No. FC.II:244(2000)/256(2000) amended vide letters dated 8.11.2000, 20.8.2001
after considering the representations filed by M/s. IFB Automotive Pvt. Ltd. dated 11.6.2007,
15.6.2007, 26.6.2007, 9.7.2007 and 10.7.2007 and by M/s. Autoliv India Pvt. Ltd. dated
13.6.2007, 6.7.2007 and 12.7.2007 in the light of order of Honble High Court of Delhi dated
30.5.2007 in WP No. 3228/2002 in the matter of IFB Automotive Seating & Systems Ltd. and
others Vs Union of India and Others.
nd
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
Technical Director, NIC

(with the request to post the same on the
Ministrys (FIPBs) website.
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
2.
In addition, one proposal viz., M/s Ingka Holding Overseas B.V., amounting to ` 4200 crore,
has been recommended for consideration of Cabinet Committee on Economic Affairs.
Sd/(P.K. Bagga)
OSD (CM&I)
23094172
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 20.11.2012
Sl.
No.
FDI/NRI inflows
(` In crore)
FINANCIAL SERVICES
1 M/s Prizm Payment
Services Pvt. Ltd., Tamil
Nadu
2 M/s Ratnakar Bank Ltd.,
Mumbai
To undertake an additional activity of setting up,

owning and operating White Label ATMs (WLAs) No fresh inflow
in India.
To increase foreign equity from 43% to 55%.
300.00

3 M/s Sai Life Sciences
Ltd., Hyderabad

business of integrated drug discovery and
development services, know how, manufacturing
process for chemicals, drugs and pharmaceuticals.
4 M/s Invida India Pvt.
Transfer of shares from NR to NR. The company is
Ltd., Ahmedabad
engaged
in
commercializing
differentiated
pharmaceutical products of superior quality.
5 M/s Mylan Laboratories To
acquire
an
existing
pharmaceutical
Ltd., Hyderabad
manufacturing facility (Undertaking) from the
internal accruals.
6 M/s Reckitt Benckiser
To acquire 49 per cent as a nominee of the foreign
(India) Ltd
investor as approved by the Supreme Court. The
company is engaged in the business of manufacturing
footwear
products under the brand name
Scholls and footwear products.
Nil
Nil
173.00
Nil

7 M/s Taqa Jyoti Energy
Ventures Pvt. Ltd.
Infusion of foreign investment into the company

which does not have any operations and also does
not have any downstream investments.
252.00
TELECOMMUNICATION
8 M/s Silitech
Post facto approval for receiving the consideration
International (India) Pvt. after two years from the date of issue of shares.
Ltd.
Company is engaged in the manufacture of keypads
for use in cell phone handsets.
0.01 (already
brought)
ECONOMIC AFFAIRS
9 M/s Akon Electronics
India Pvt. Ltd.
Post facto approval to regularize the issue of equity

shares to carry out the business of manufacture of
components
and
sub-assemblies
for
communications system under 100% EOU scheme.
Nil
Acquisition of equity shares of an India company

from resident individual shareholders. The Indian
company is engaged in the business of detective and
protective services.
36.80
HOME AFFAIRS
10 M/s OCS Group
Singapore
STEEL
11 M/s WJ Towell, Oman
To set up an LLP to carry out the business of

design, fabrication, supply& installation of steel
structures, welded beams, pressure vessels, tanks
pressure piping, etc.
40.00
TELECOMMUNICATION
12 M/s Space Era Materials Induction of foreign equity to carry out the business
and Process Pvt. Ltd.,
of design, development, manufacture, assembly,
Hyderabad
repair and overhaul of the equipment of
telecommunication and avionics used in aircrafts,
radars and other electrical and electronics defence
components, aggregates and equipment in India.
2.
0.26

Sl.
No
1 M/s Bharat Electronics To set up a JV company to carry out the business of Design,
Limited, Bangalore
Development, marketing, supply and support of civilian and select
defence Radars for Indian and global markets.
2 M/s Abicor Binzel
Post facto approval for the conversion of overseas loan and interest
Production (India) Pvt. into share application money and issue of shares to NR to carry out
Ltd., Pune
the business of manufacturing of welding torches.
3 M/s Tecnova
Induction of foreign equity into LLP engaged in Business and
Consulting LLP, Delhi management consulting, providing workable strategy solutions,
implementation assistance to foreign companies to leverage the India
advantage, business processing outsourcing, and software
development.
4 M/s Shaastra Securities To make downstream investment in the proposed Wholly Owned
Trading Pvt. Ltd.,
Subsidiary to undertake the activity of Commodity broking & trading
Gurgaon
in the commodity exchanges.
5 M/s Perrigo API India Induction of foreign equity to carry out the business of manufacture
Pvt. Ltd., Mumbai
of pharmaceutical ingredients.
6 M/s Prithvi Information
Solutions Ltd., Andhra
Pradesh
(India) Pvt. Ltd.,
Kolkata
Issue of warrants to carry out the business of end-to-end solutions in

information technology, RF engineering and knowledge service apart
fruits/vegetables juices and their concentrates, squashes and powders,
and manufacture of Beverages n.e.c.
Ltd., Singapore
9 M/s Hospira Inc., USA, Induction of foreign equity into Indian company which will act as
M/s Hospira Pte Ltd., operating cum investing company in the pharmaceuticals sector.
Singapore, and M/s
Hospira Healthcare
India Pvt. Ltd.
3.

Sl.
No
1 M/s Ampo Valves India Post facto approval for issuing equity shares against security deposit
Pvt. Ltd., Coimbatore for building taken on lease, payment to consultants towards ROC
filing fees and professional fees and incorporation expenses to carry
out the business of manufacturing of industrial valves.
2 M/s Berggruen Real
Repatriation/ waiver of minimum capitalization.
Estates Pvt. Ltd.,
Mumbai
3 M/s Mahindra and
Mahindra Limited, New for production and development of naval defence system and other
Delhi
Products.
4.
No
1 M/s Multi Commodity Post facto approval for FDI received before issuance of Press Note 2
Exchange of India Pvt. of 2008. The company is engaged in the business of trading in
Ltd.
commodities.
5.
In respect of the following 1 (One) proposal, it is recommended that at this stage, FIPB has no
role other than awaiting the decision of Company Law Board and Directorate of Enforcement.
.
No.
1 M/s KSK Energy
Ventures Ltd.
The Delhi High Court, vide Order dated 1.8.2012, have disposed off
the matter with the direction that the application dated 2.3.2012 of
M/s KSK Energy Company Pvt Ltd filed before the FIPB, has to be
disposed off within 3 months i.e. by 30.11.2012 in accordance with
law.
6.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as
the investment involved in the proposals is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
1 M/s Ingka
To set up a wholly owned subsidiary to undertake single
Holding Overseas brand retailing of IKEA products.
B.V.
*****
FDI/NRI
inflows
(` In Crore)
4200.00
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on February 12, 2010, Government has approved 12 Proposals of Foreign Direct Investment
Sd/(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 12.02.2010
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Darjeeling Organic
Tea Estates Pvt. Ltd.,
Kolkata
Induction of foreign equity to undertake the production,

distribution and export of tea.
2 M/s Mothercare UK Ltd.
To subscribe to the equity shares of an Indian company

for retail trading under single brand.
84.00
25.87
FINANICAL SERVICES
3 M/s International Finance To make investment in the units of Fund.
Corporation, USA
0.001
4 M/s Max India Ltd., Delhi Allotment of fully and compulsorily convertible
debentures (FCDs) by a Wholly owned indirect subsidiary
of Fund and certain affiliated funds which are controlled
by NR company.
529.00

5 M/s Soma Highways
(TOLL) Projects Pvt. Ltd.,
Hyderabad
Induction of foreign investment in an investing

company.
360.00
TEXTILES
6 M/s Tatia Global Venture To issue preferential warrants.
Limited, Chennai
22.80
COMMERCE
7 M/s s. Oilver Bernd Freter To increase the foreign equity participation by way of
Gmbh & Co.
issue of shares/convertible debentures or acquisition of
equity shares and to endorse the captioned approval
issued in favour of the implementing joint venture
company.
Not indicated

8 M/s Destimony
Enterprises Pvt. Ltd.

No inflow
9 M/s Network 18 Media & Ex-post facto approval for issue and allotment of PCCPS
Investment Ltd.
on partly paid basis and issuance of warrants.
23.94
10 M/s Scottish & Newcastle Extension of time for conversion of Convertible

India Pvt. Ltd.
Redeemable Preference shares.
Nil
2.

Enterprises Ltd.
Transfer of shares by way of share swap and transfer of

shares from NR to NR in broadcasting centre.
Nil
12 M/s Walt Disney

Company (I) Pvt. Ltd.
To undertake additional activity of printing and

publication of a speciality magazine.
Not indicated

No
1 M/s Jacaranda
To set up a WoS to carryout the activity of growing, cultivation and
Development Ltd.,
harvesting bananas under controlled conditions and packaging of the fruit
Mauritius
and sale thereof.
2 M/s Savvis
Communications
International, Inc, USA
3 M/s Essar Capital

Mumbai

4 M/s Forum Ventures Pvt. Payment of money to the foreign investors on buying back shares held by
Ltd.
the foreign investors.
5 M/s Star India Holding BV Star India Holdings BV and/or its affiliates acquiring upto 49%
shareholding stake in TS Investments Ltd by subscribing to equity shares of
TS Investments Ltd from time to time.
TS Investments Ltd acquiring shares of Tata Sky Ltd through purchase of
shares/issuance of shares.
6 M/s Aster Infrastructure
Pvt. Ltd.
Transfer of shares from Resident to Non-Resident in a company engaged

in the Telecom infrastructure sector.
7 M/s Verizon
Pvt. Ltd.


Network Pvt. Ltd.
To enhance the FDI to 74% by issue of Compulsorily Convertible

Debentures (CCDs) and equity shares to existing foreign investors and new
foreign investors.

10 M/s Etisalat DB Telecom

Transfer of shares from Resident to Non-Resident of a company engaged

in the Telecom Sector.
11 M/s Telcordia
3.

No
1 M/s Global Vectra
To issue preference shares in lieu of capitalization of the outstanding dues
Helicorp Ltd., Mumbai
to undertake the business of servicing the oil and gas exploration, supplies
helicopter services to other sector such as Geotechnical Surveys, Tourism
and Corporate air links.
2 M/s Shinsung
Petrochemical Co., Ltd,
Seoul Korea
To import the finished product from abroad and sell the same on a test
marketing basis and simultaneously to set up a manufacturing facility for
the same products.
3 M/s P K Acoustics,
Chennai
To form a partnership firm with a foreign equity.
4 M/s Allied Moulded

Products, Inc., USA
To set up a WoS to manufacture in India by itself/through a third party

manufacturer the Allied Products and thereafter to market, promote, sell
and distribute, the Allied Products and to provide after sale services in
relation to the Allied products.
5 M/s Costwold
Architectual Products
(India) Pvt. Ltd.
To issue shares against import of second hand machinery.
6 M/s TCL India Holding

Pvt. Ltd.
To permit 100% foreign equity participation by capitalization of

outstanding import payables and issuance and allotment of equity shares.
7 M/s Shree Ram Urban

Mumbai
To issue and allot warrants on preferential basis to the identified foreign

investors to carry out Infrastructure, development of land and
construction of buildings.
6.
The following 1 (One) proposal has been recommended for the consideration of CCEA, as the initial
approval was granted by CCFI (now CCEA).
Sl.
No
1 M/s Bharat Oman

Refineries Ltd. (BORL)

*****
FDI/NRI inflows
(Rs. In Crore)
Nil
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the March 22, 2012
PRESS RELEASE
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 02.03.2012
Sl.
No.
Following 16 (Sixteen) proposals have been approved:

Name of the
applicant
FDI/NRI inflows
(` In crore)
ECONOMIC AFFAIRS
1 M/s Selan
Exploration
Technology Ltd.
Ex-post facto approval for issue of convertible warrants to an

NRI without prior approval of FIPB. The company is engaged in
the business of onshore oil and gas production.
Nil
FINANCIAL SERVICES
2 M/s Gajraj
Commercial Pvt.
Ltd., West Bengal
Approval for not complying with the NBFC capitalization within

the stipulated 24 months and carrying on business only for
recovery of loans and closing NBFC business.
No Fresh Inflow

3 M/s Sphaera
Pharma Private
Limited, Delhi
Induction of foreign direct investment to carry on the business

of drug discovery and development.
0.02
REVENUE
4 M/s Boskalis
To set up an LLP to undertake the activities of dredging and in
International B.V., maritime segment.
Netherlands
1.00
TOURISM
5 M/s Sukhmani
International Pvt.
Ltd.
Post-facto approval for allotment of shares to NRI investors

towards pre-incorporation/preliminary expenses.
Nil
URBAN DEVELOPMENT
6 M/s Green
Destinations
Holdings,
Mauritius
To transfer equity shares before the expiry of lock in period.

Nil
INDUSTRAIL POLICY & PROMOTION

7 M/s Beckton
Dickinson India
Pvt. Ltd.
To amend the Clause 4 of the FC approval. The company is

engaged in the manufacture of Hypodermic needles and
syringes and other highly advanced diagnostic and medical
equipments.
Nil

8 M/s CIIE Initiatives Increase in foreign investment percentage in the Trust.
(13E Trust)
40.00
CIVIL AVIATION
9 M/s Rossell
Aviation Pvt. Ltd.,
Induction of foreign equity to undertake the business in civil &

defence aviation field with focus on product support services,
1.36
Delhi
repair and maintenance facility, providing training solutions in

project primarily relating to the offset obligation in India to
aviation industry.

10 M/s Softgel
Healthcare Pvt.
Ltd., Chennai
Ex-post-facto approval for allotment of

pharmaceuticals sector (brownfield investment).
shares
in
10.00

11 M/s Fine
Publishing India
Pvt. Ltd.
12 M/s Jeevan
Telecasting
Corporation Ltd.

publishing specialty/technical magazines covering the subject
of wine and champagne.
Post-facto approval to ratify NRI investment.
0.05
Nil
POSTS
13 M/s Royale Asia
Couriers Pvt. Ltd., international courier operations.
Chennai
14 M/s VRL Logistics
Ltd., Karnataka

transportation of goods and passengers Courier services other
than postal services, aircraft charter services, and wind power
generation, involving the installation and sale of electricity
produced by wind power generators.
0.24
175.00
REVENUE (CUSTOM)
15 M/s Heinemann
Asia Pacific Pte.
Ltd., Singapore
To set up a WoS company for the purpose of undertaking the

activities of setting up duty free shop at Chhatrapati Shivaji
international airport, Mumbai.
5.00
ECONOMIC AFFAIRS
16 M/s Reasoning
Global eApplication Ltd.
2.
Ex-post facto approval for issue of partly paid shares. The

company is engaged in the business of development of
software, web-development and economic activities which
provide online, interactive websites for the posting, promotion,
search, sale and resale of items via global computer network
(Internet).
Nil
The following 21 (Twenty one) proposals have been deferred:

No
Post facto approval for (i) undertaking wholesale trading activity since
Credit Development
during year 2000-01 to 2001-02; (ii) issue of equity shares against preCompany Pvt. Ltd., Pune incorporation loan; (iii) transfer of equity shares from two resident Indian to
Uni-cash or their nominees; and (iv) to set up and operate an Industrial Park
in terms of Press Note 2 of 2000.
2 M/s Domino Printing
Sciences Plc., UK
Conversion of a company with FDI, into an LLP. The company is engaged in

the business of manufacturing Coding of marking, printing equipment.
3 M/s Quest Global

Manufacturing Pvt. Ltd.,
Bangalore
To undertake machining of aerospace parts including structural parts for

defence and participate in defence offset programs.
4 M/s Mahindra and

Mahindra Limited,
Mumbai
To set up a JV company to develop, manufacture and provide service

support for radar systems and various kinds of defence electronic systems
and various kinds of defence electronic systems.
5 M/s YourNest Angel Fund Induction of foreign investment in a Trust.

Trust
6 M/s HSBC Insurance
Infusion of foreign investment into an Indian company which does not have
Services Holdings Limited, any operations and also does not have any downstream investments.
London
7 M/s Plethico
Induction of foreign direct investment to carry out the business of drug
Pharmaceuticals Limited, discovery and development.
Mumbai
8 M/s Mathletics Private
Limited, Kolkata
Conversion of a Private Limited company in to a Limited Liability

Partnership having foreign investment.
9 M/s Trizetto India Private Conversion of a Private Limited company in to a Limited Liability
Limited, Pune
Partnership having foreign investment.
10 M/s Nilayami Realtors
Post-facto approval for issuance of partly paid up shares.
11 M/s Samvardhana
Motherson Finance Ltd.
Increase in foreign equity in the investing company.
12 M/s Network 18 Media & To undertake the additional business of Publishing Business.
Investment Ltd.
Pharma Ltd., Mumbai

14 M/s Dia Vikas Capital Pvt. Ex-post-facto approval for non-compliance with minimum capitalization
Ltd., Gurgaon
norms for limited period of 72 days from July 21, 2010 to September 2010.
The company is engaged in the business of providing financial support to
various Micro Finance Institutions in India.
Induction of foreign equity to carry out the business of writing, editing,

summarising, compiling, printing, publishing, buying, selling, importing,
exporting, circulating or otherwise dealing in books publication and any
other information or data pertaining to all areas and sectors such as
computer and information technology.
16 M/s Reed Elsevier India

Pvt. Ltd.
To undertake the additional activity relating to the business of publishing

printing, reprinting, adaptation, article reprinting, repackaging, translation,
distribution of scientific, technical, medical, specialty and research
17 M/s Catvision Limited,

Noida

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.
3.
18 M/s Cellcast Interactive

To undertake the additional activities of setting up of three Non-news and

current affairs Television channels in Hindi, Tamil and Telugu in India.

Realties Private Limited,
Pune
Approval for non-compliance with the condition regarding completion of 50

% project within 5 years from the date of obtaining all statutory clearances.
20 M/s KSPG Automotive

To jointly hold with KOEL one preference share of KPL, which is not fully,
compulsorily and mandatorily convertible.

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.

No
1 M/s Spire Advisory
Confirmation regarding fulfillment of minimum capitalization norms Services India Private
regarding.
2 M/s Veritas (India) Ltd., Post facto approval for issue of warrants to carry out the business of
Mumbai
import, export, trading and distribution of metals and chemical products,
power generation.
3 M/s DPD Continental Pvt. Deletion of the condition at Clause 6 (i) of the FC approval dated 4.2.2009.
Ltd.
The company is engaged in the business of courier services other than
post.
4 M/s ISG Onboard
Enterprises US Ltd., New
York

(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 M/s Bharti Shipyard Ltd., To undertake additional activities of Defence Production.

Mumbai
4.
Sl.
No
Name of the
applicant
1 M/s QwikCilver
Solutions Private
Limited, Bangalore
To undertake the additional activities relating to issuing

and managing a pre-paid store value gift cards which are
redeemable at multiple merchant outlets.
FDI/NRI inflows
(` in crore)
11.00
5.
In the following 01 (One) proposal, the applicant may be advised that no specific approval is
required:
Sl.
Name of the
FDI/NRI inflows
No
applicant
(` in crore)
1 M/s JT International Post facto approval for: (i) increase in the paid up capital,
India Pvt. Ltd.
and (ii) write off of share application money received from
Nil
foreign investor.
6.
Sl.
No
The following 04 (Four) proposals were withdrawn from the Agenda:

1 M/s Al Shukur Company For Engineering and Construction LLP, Vadodara

2 M/s Man Chung Lim Granites India Pvt. Ltd.
3 M/s Cavera Systems (India) Pvt. Ltd.
4 M/s Axiata Investments 2 (India) Ltd., Mauritius
7.
Sl.
No
In the following 01 (One) proposal FC approval has been revoked:

1 M/s Punj Lloyed Ltd.
8.
Sl.
No
Reconsideration of the proposal due to denial of security

clearance.
In the following 02 (Two) proposals earlier decisions have been reiterated:

FDI/NRI inflows
(` in crore)
1 M/s MBNA Indian

Services Pvt. Ltd.,
Bangalore
Induction of foreign investment into an Indian

company which does not have any operations and also
does not have any downstream investments.
1.40
2 M/s Wolters Kluwer (I)

Pvt. Ltd.
Expansion of business by purchasing the assets of the

companies engaged in business of publishing and
distribution of journals and other publications in print
form as well as in electronic form.
30.45
*****
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Sd/(B.D. Barua)
Tele No.: 2309 4979
Fax No.: 23094084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 13.02.2013
Sl.
No.
FDI/NRI inflows
(` In crore)
COMMERCE
1 M/s Promod S.A.S
France
2 M/s Le Creuset India
Trading Pvt. Ltd.
3 M/s Fossil India Pvt.
Ltd.
4 M/s Decathlon Sports
India Pvt. Ltd.
Induction of foreign equity in the equity share capital

of an Indian JV company proposed to be engaged in
29.69
single brand retail trading.
WOS of a foreign company to undertake the business
No fresh inflow
WOS of a foreign company to undertake the business
22.53
Induction of foreign equity in the equity share capital
of its WOS to undertake the business of single brand
retail trading.
700.00
An existing Indian pharma company is hiving off its

Infusions Business in to a new JV with FDI.
1050.00
PHARMACEUTICALS
5 M/s Claris Otsuka
Limited, Ahmedabad

6 M/s Menarini Raunaq
Pharma Ltd.
Induction of foreign equity in an existing pharma

sector company by its existing foreign promoter.
7 M/s Al Shukur Company Induction of further foreign capital contribution in an

for Engineering &
LLP engaged in engineering services.
Construction Ltd.
2.00
0.90

8 M/s Yalamanchili
Software Export Ltd.,
Chennai
Conversion of non-repatriable equity held by

majority shareholder to repatriable equity and share
swap of this holding to shares of a foreign company.
Nil
FINANCIAL SERVICES
9 M/s Aon Holdings B.V., Post facto approval for induction of foreign equity to
Netherlands
carry out the business of Insurance broking, and risk
advisory services.
0.65 (already
brought)
COMMERCE
10 M/s ToCheungLee
Stationery Mfg. Co. Pvt.
Ltd., Delhi
A foreign owned company engaging in

manufacturing metal components for stationery item
is collaborating with another company to set up an
LLP to be engaged in the same business.
3.5

11 M/s Glynwed Pipe
Systems India Private
Limited, Mumbai
Foreign Owned Indian company to receive foreign

investment for making downstream investments.
800.00
ECONOMIC AFFARIS (CM DIVISION)

12 M/s Gagil FDI Limited, Transfer of shares of an Indian stock exchange from
Cyprus
its present foreign holder, which is an FII, to another
foreign company which is wholly owned subsidiary No fresh inflow
of the present foreign holder and which will be an
FDI holding.
2.

Sl.
No
Name of the
applicant
1 M/s GeoPost S.A. Acquisition of shares of an Indian company engaged in the business of
France
commercial express and parcel delivery business segment.
2 Md. Rabiul Alam,
Bangladesh
3 M/s Sunil Hitech
Engineers
Limited, Nagpur
4 M/s Vijay
Television Pvt.
Ltd.
5 M/s Sutures (I)
Pvt. Ltd.
To set up a new company in India with 100 percent FDI to carry out the
business of production of engineering products.
To issue warrants to FIIs to carry out the business of execution of projects
in the power and infrastructure sector.
The existing domestic shareholding in the non-news channel business is
being acquired by the foreign promoters.
Induction of foreign equity in an existing pharma sector company.
6 M/s DPD
Continental Ltd.
7 M/s Selex Galileo
Ltd., England
Increase in foreign equity participation from 60% to 100% to carry out the
business of Courier services other than post.
To set up a JV to undertake the business of marketing, development, final
assembly and test, system integration, in country support and other
services to those products, primarily in defence electronics sector.
8 M/s Alliance
Insurance Brokers carry out the business of insurance broking.
Private Limited,
Mumbai
9 M/s Shaastra
To make downstream investment in the proposed Wholly Owned
Securities Trading Subsidiary to undertake the activity of Commodity broking & trading in
Pvt. Ltd., Gurgaon the commodity exchanges.
3.

Sl.
No
Name of the
applicant
1 M/s Erica
Healthcare Pvt.
Ltd., Mumbai
*****
F. No. 11(1)/2009FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on 22nd May, 2009, Government has approved 23 Proposals of Foreign Direct Investment
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
4.
22.05.2009
Following 23 (Twenty three) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s ShinMaywa
Industries Ltd., Japan
To subscribe to the equity shares of an existing India

company to carry out the activity relating to
automobiles. The proposal attracts Press Note 1 of
2005.
1.20
2 M/s Damas LLC
To set up a JV company with 51% equity participation to

undertake the business of single brand retail trading.
180.00
3 M/s FIMBank p.l.c. Malta To set up a NBFC. The proposal attracts Press Note 1 of
2005.
25.00
4 M/s Lazard India

To invest in units of the Fund.
Mauritius Ltd., Mauritius
125.00
ECONOMIC AFFAIRS
5 M/s Asian Hospitals &

Health Care Pvt. Ltd.,
Mumbai
6 M/s Lazard Group LLC,

USA
To invest in units of the Fund. The proposal also attracts

No Fresh Inflow
7 M/s Travelocity.com Pvt. Expost facto approval for issue of equity shares against
Ltd., Mumbai
payments made for pre incorporation expenses.
8 M/s Greenply Industries
Ltd., Kolkata
To issue and allot warrants convertible into equity

shares.
0.25
No Fresh Inflow
Not Specified

9 M/s Groupe Danone SA,
Paris
To invest in the food sector, beverage sector, biscuits

and cereal sector, dairy sector, baby food sector and Company yet to
medical nutrition sector. The proposal attracts Press be incorporated
Note 1 of 2005.

10 M/s Media Transasia
India Ltd. New Delhi
To set up a JV company to carry out the publishing of

periodical books, journals etc.
0.10
11 M/s Era Infra Engineering Expost facto approval for issue of warrants to be
Ltd., New Delhi
converted into equity shares.
35.15
URBAN DEVELOPMENT
ECONOMIC AFFAIRS
12 M/s Aavishkaar India
Micro Venture Capital
Fund
To issue units as a part of FDI scheme.

7.37

13 M/s Geissel Jakap Pvt.
Ltd.
Conversion of liability against imported machinery into

equity.
No Fresh Inflow
14 M/s HAL Edgewood

Reimbursement of the approved technical knowhow

fee from one foreign investor to another foreign
investor.
No Fresh Inflow
15 M/s Matrix Laboratories

Ltd
16 M/s Si2 Microsystems

Ltd.
17 M/s BayForge Ltd.
To increase the FDI participation up to 100% by issuing

partly paid up equity shares.
21.42
Issue of warrants and conversion of operating company

downstream investment. One of the downstream
subsidiaries is engaged in the commodity broking.
43.40
No Fresh Inflow
No Fresh Inflow
ECONOMIC AFFAIRS
South Africa
19 M/s Information Tech
Park, Bangalore
Buyback of built up space constructed by the company

itself under the Industrial Park Policy and leasing out the
same to clients.
No Fresh Inflow
TOURISM
20 M/s HP India Holdings
Ltd, Mauritius
To set up a JV company to undertake developing,

owning and operating hotels in various cities and
markets in India. The proposal attracts Press Note 1 of
2005.
125.00
To acquire the entire shareholding (100%) and control of

a new company to be set up in India to engage in
Procurement, storage, warehousing, transportation,
processing, wholesale/cash and carry trading and
dealing with agricultural products and commodities.
Not indicated
COMMERCE
21 M/s ADM Interoceanic
Ltd., Mauritius

22 M/s The Financial Times
(India) Pvt. Ltd., New
Delhi
To induct foreign equity up to 100% by way of transfer

of existing equity shares from the resident share holders
to fresh equity shares.
0.01
To make downstream investment through internal

accruals.
No Fresh Inflow
ECONOMIC AFFAIRS
23 M/s Hind Terminals Pvt.
Ltd.
2.

No
1 M/s Basell Polyolefins
To carry out wholesale trading and manufacturing activities. The proposal
2 M/s Matrix Enport
Holding Pvt. Ltd,
Hyderabad
To allot and issue shares to the Indian companies and/or their respective
affiliates fully paid up equity shares and/or compulsorily convertible
preference shares and to invest in other companies engaged in such
business falling under the same sector.

4 M/s Esys Information

To make an amendment in the FC approval by including some more

trading/manufacturing activities.
6 M/s Nagarajuna
Construction Ltd.
7 M/s Credit Information

Burco (I) Ltd.
To acquire equity shares in Credit Information Companies.
8 M/s BGS Smartcard

Systems (I) Pvt. Ltd.
To amend the FC apparoval.

Pune
1 of 2005.

Delhi

providers (CategoryI) and conversion of operating company into
operating cum holding company to make downstream investments.

(Holdings) Limited,
Bangalore
Expost facto approval for (i) issue of fully convertible equity warrants, (ii)
for allotment of fully paid up equity shares on conversion of convertible
equity warrants, and (iii) for acting an operating cum investing company
for making downstream investment.
12 M/s Quippo Telecom

Infrastructure Ltd.(QTIL)
Conversion of operating company into operating cum holding company to

make downstream investments and demerger of passive telecom
infrastructure business approved by the High Court of Andhra Pradesh.
13 M/s Eros International

Expostfacto approval for the investment already made by way of
Media Pvt. Ltd., Mumbai purchase of shares as the proposal had attracted the provision of Press
Note 18 of 1998 (now Press note 1 of 2005).
3.

Sl.
No
4.
1 M/s Morgan Stanley

Mauritius Company Ltd.
2 M/s G4S Corporate

Services (India) Pvt. Ltd.

Indian Holding Company to make downstream investment.
The following 02 (Two) proposals have been advised to access automatic route.
No
1 Mr. Uday Shetty, Pune
To set up a JV company with a foreign equity of 90% to

undertake cash and carry trading in precious metals.
FDI/NRI inflows
(Rs. In Crore)
0.09
5 M/s Nomura Financial

Advisory & Securities
(India) Pvt. Ltd.,
Mumbai
5.
No Fresh Inflow

No
1 M/s Goldman Sachs
(India) Securities Pvt.
Ltd.
6.
To undertake the additional activity of Proprietary trading

in an NBFC.
FDI/NRI inflows
(Rs. In Crore)
To amend the FC approvals.

No Fresh Inflow
In the following 01 (One) proposal applicant has been advised to approach RBI.
No
1 M/s Three C Investment Conversion of nonrepatriable shares into repatriable

(Mauritius) Ltd.
shares.
FDI/NRI inflows
(Rs. In Crore)
No Fresh Inflow
9.
The following 01 (One) proposal has been returned to the applicant with the advise to submit it
afresh after the Government policy on the related activity is notified.
No
1 M/s World Space
To provide audio music programmes for listening on the

website.
*****
FDI/NRI inflows
(Rs. In Crore)
No Fresh Inflow
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 4th July, 2007.
PRESS RELEASE

in its meeting held on 22nd June, 2007, Finance Minister, Shri P. Chidambaram has
Rs.2339.0775crores . The proposals relate to Ministries/Departments, Chemicals &
Petro chemicals, Commerce, Information & Broadcasting, Industrial Policy & Promotion,
Urban Development and Economic Affairs. The major investment proposals pertain to
the Ministry/Departments of Industrial Policy & Promotion, Urban Development and
Economic Affairs.
Sd/( P.K. Bagga )

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
on 5th July, 2007 at Fax No. 2309 2477. No further requests will be
entertained later and the approval letters would be sent by SPEED
POST.
Sd/(P.K Bagga )
OSD (CM&I)
Proposals approved in the FIPB Meeting held on 22.6.2007.

Sl. Name of the
No. applicant
FDI/NRI
inflows (Rs.
In crore)
COMMERCE
1.
M/s. Power Supply Induction of foreign equity up to 100% by way 0.06

Systems Holdings, of transfer of shares and by issue of fresh shares
Netherlands
of the Indian investee company engaged in
the business of trading of electro mechanical,

general and electronic products. The proposal
also involves sourcing of the products from SSI units
2. M/s. Luxottica
Setting up of a WOS to undertake wholesale0.05
Holland B.V., The
and carry trading in the eyewear industry. Pro
Netherlands
attracts Press Note 1(2005 s
3
M/s. Furukawa
Electric Co. Ltd.,
Japan
M/s. Perfect
Glazing Private
Ltd., Gujrat
To set up a JV company with a foreign equity of 19.635

upto 51% for undertaking the activities of designing,
developing, manufacturing, testing,
assembling,marketing, selling, distributing and
servicing of wire harness for two-wheelers and
above automobiles for JV companys cutomers.
Proposal attracts Press Note 1 (2005 series).
Setting up of a WOS by M/s Perfect Glaze Ltd, UK, in 1.00
the name of M/s Perfect Glazing Private Ltd, Gujrat
for manufacturing of Aluminium windows, doors etc.
Items of manufacture also involve items reserved for
SSI units.
URBAN DEVELOPMENT
5
M/s.Trivikram
Construction and
Developers Pvt.
Limited
Conversion of M/s b-IQ Technologies pvt. limited

12.00
from an operating company to an operating cumholding company for making downstream
investment in constructiogn development/IT park
projects and downstream investment in the
applicant company by way of convertible
preference shares from accumulated earnings. The
company has 90% NRI equity.
COMMERCE
6
M/s.Daimler
Chrysler India Pvt.
Ltd.
Extension of present activity/product/business line No inflow

so as to cover local manufacturing of commercial
vehicles including chassis thereof(trucks and buses)
and bus body building for selling to their esteemed
customers. Proposal attracts Press Note 1 (2005

series).

To allow prospective royalty payment of 5%/8% on No inflow
7 M/s. Colorcon
Limited, England
domestic sales/export sales without any restriction

of time limit.
ECONOMIC AFFAIRS
8
M/s. Morgan
Stanley Mauritius
Company Limited,
Mauritius
To invest up to USD 465 million in a mix of equity and

compulsorily convertible preference shares to be
1894.41
issued by Morgan Stanley India Securities Pvt.
Ltd/Morgan Stanley Investment Management
Private Ltd and permitting Morgan Stanley to carry
on through its subsdiarirs, securities sales, trading &
broking, merchant banking and corporate advisory
services and other NBFC activities. Proposal also
attracts Press Note 1 (2005 series).

9
M/s. Rakindo
Developers Pvt.
Ltd., Chennai.
To set up a JV in the name of Rakindo Developers

Pvt. Ltd. to act as a holding company to make
downsteam investment in construction
development projects.
407.11

10
M/s. EMAP
Induction of foreign equity upto 40.1% by FMAP 4.8125
Publishing(Netherland) Publishing, Netherland in M/s Next Gen Publishing
BV, The Netherlands Ltd, engaged in publishing of magazine car
India.
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(P.K. Bagga)
OSD (CM&I)
23094172
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 12.07.2010
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)

1
M/s Frigorifico Allana

Ltd., Mumbai
To set up a Joint Venture company for manufacture and

test marketing of the product.
125.00
ECONOMIC AFFAIRS
2
M/s The ARJ Investments Transfer of shares from non-residents (erstwhile OCBs) to
Limited, Mauritius
NR.
M/s Amsted Rail
Company, Inc. USA
To set up a JV company to manufacture and assembling

of castings, bearings, and wheels of the undercarriage of
the freight car internationally. The proposal attracts Para
4.2.2 of Circular 1 of 2010 of Consolidated FDI Policy.
M/s Pridhvi Asset

Reconstruction and
Securitization Ltd.
Enhancement of NRI equity participation to undertake

the business of Securitisation and Asset
Reconstruction
Nil
0.049
0.45

5
M/s Interpublic Mauritius To establish a WoS company to carry on the business of

Limited, Mauritius
advertising and media communications. The proposal
attracts Para 4.2.2 of Circular 1 of 2010 of Consolidated
FDI Policy.
M/s Henrietta Julia
To set up a WoS to undertake printing of speciality
Marleen Holtz, Germany magazine.
0.50
0.029
7
M/s My-Tec Software Pvt. Transfer of shares by way of share swap, to own, manage
Ltd., Hyderabad
and run computer training and data processing centers
and to act as consultants, advisors, developers, and
traders in computer programming etc.
Nil
MINES
8
M/s Turquoise Metals & Ex-post facto approval for issue of partly paid up shares
Electricals Pvt. Ltd., Delhi to carry out the business of Mining and refining of Metals
Ores and producing iron and other metals.
10.36
URBAN DEVELOPMENT
9
M/s Nisarg Building Art & Ex-post-facto approval for issue of partly paid up equity
Technology Pvt. Ltd.,
shares.
Mumbai
51.81

10 M/s Modi Naturals
Limited, Delhi
To invite subscription to warrants.

7.92

Pvt. Limited
Nil
CONSUMER AFFAIRS
12 M/s ADM Investor
Ltd., UK
To acquire 100% equity of a company engaged in the

business of commodity broking.
0.23
CORPORATE AFFAIRS
Kolkata
To issue warrants to undertake the business of

Engineering equipment.
6.23

14 M/s NTT Communications To make an amendment in the FC approval.
Corporation
15 M/s Transcend
Acquisition of 100% equity to undertake the business of

building towers, acquiring towers for securing
management rights of towers for the purpose of leasing
or licensing the shared use of these towers to
7.4
1932.00
16 M/s. Arkadin SAS, France Acquisition of equity stake up to 60% in the paid up share
capital of a company engaged in the telecom sector.
1.80
TELECOMMUNICATIONS
17 M/s. Telstra Private
Limited
Increase in the foreign equity in the telecom sector.

5.54
INFORMATION & BRAODCASTING

18 M/s GETIT Infoservices
Pvt Ltd.
2.
Increase in the foreign equity and to undertake

additional activity relating to publication.
96.00

No
1 M/s Advanta India
To issue and allot Rights Equity Shares, CCPS and Warrants to carry out the
Limited, Hyderabad
business of research, development, production, distribution and marketing
of hybrid agricultural field crop seeds and plant seed.
2 M/s Star Health
Chennai
3 M/s KKR Mauritius
Cement Investments,
Ltd., Mauritius
4 M/s Shriram City Union
Finance Limited, Chennai
5 M/s Bharat Broadcasting Ex-post-facto approval for transfer of shares to NRI to carry out the
Network Ltd.
business of uplinking news and current affairs channel.
6 M/s Asian Genco Pte Ltd., To set up an investing company.
Singapore
7 M/s Wipro Ltd.
To undertake additional activity relating to defence sector.

Telecom Pvt. Ltd.

Limited, Bangalore

10 Mr. Samir V.Mehta,

Mumbai

11 M/s Verizon
Pvt. Ltd.
12 M/s Alexandria Real
Estate Equities, Inc., USA

To set up of a WOS to operate and manage fully furnished, staffed and
equipped facilities for medical professionals.
13 M/s Jagran Media

Induction of foreign equity into a company which do not have any
Limited, Agra
Induction of foreign equity to carry out the Cable Networking operations.

Enterprises Ltd

Mumbai
17 M/s. Etisalat DB Telecom
Private Limited

18 M/s Icomm Tele Limited, Ex-post-facto approval for induction of foreign equity in defence sector.
Hyderabad
Induction of foreign equity by a Bangladeshi company.
Category I).
21 M/s Tinna Finnex Ltd.
Representation against rejection of the complaint for revocation of

approval.
3.
The following 10 (Ten) proposals have been rejected:

No
1 M/s Azure Capital
Advisors Pvt. Ltd.,
Bangalore
2 M/s Cancer Treatment
Services Hyderabad
Private Limited,
Hyderabad
3 M/s Crest Geartech Pvt.
Ltd., Faridabad

To issue units to foreign investors including NRIs.
To issue equity shares against the expenditure incurred by the foreign

company.
To issue and allot equity shares by way of Capitalization of the Advances

received against exports.
4 M/s Mahindra &

Mahindra Ltd.

Limited
6 M/s S Tel Private Limited, To issue/allot fully paid-up fresh equity shares to undertake the business
Gurgaon
7 M/s Telcordia
8 M/s Danobat Grupo
Machine Tools India Pvt.
Ltd., Delhi
9 M/s Siemens Ltd.
To allot and issue equity shares for consideration other than inward
remittances to the account to carry out the business of manufacturing of
automatic machine tools and other types of machine tools.
Deletion of condition regarding compounding.
10 M/s Safran Aerospace

India (P) Ltd.
4.
Sl.
No
1 M/s ABU Ghazaleh

Consultancy services and Advisory services on intellectual
Intellectual Property TMP property protection. (Application made at the instance of
Agents India Pvt. Ltd.,
RBI).
Delhi
2 M/s Yamazaki Mazak
India Pvt Ltd., Pune
FDI/NRI
inflows (Rs. In
Crore)
0.093
To do trading by importing the machineries and reselling

the same within India to any customer directly for export
No Fresh Inflow
to neighboring countries on cash and credit basis. (No
retail trade to be allowed)
5.
The following 01 (One) proposal has been advised that no specific FIPB approval is required and is
permitted as per extant FDI policy:
FDI/NRI inflows
No.
(Rs. In Crore)
1 M/s Multi Commodity
Exchange of India Ltd.
6.
To seek clarification whether post facto FIPB approval is

required in respect of foreign investment made in MCX
during 2006-2007 with the prior approval of Ministry of
Consumer Affairs, food and Public Distribution and FMC.
Nil
The following 01 (One) proposal has been advised to approach RBI for the necessary permission:
FDI/NRI inflows
No.
(Rs. In Crore)
1 M/s Pratibha Ostu Stettin Ex-post facto approval for investment made in the Joint
Joint Venture, Mumbai
Venture on repatriation basis.
*****
1.91
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
4.
October 9, 2009
Following 26 (Twenty six) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
1 M/s Yamatake
Corporation, Japan
To set up a WoS to carry out the development,

manufacturing, import, export, sales, installation,
engineering and maintenance service of building
automation systems and products, switches, sensors,
controllers, water meters etc. The proposal attracts
3.40
CONSUMER AFFAIRS
2 M/s Dawnay Day AV India To set up a new Wholly Owned downstream company to
Advisors Pvt. Ltd.,
undertake commodity broking.
Mumbai
30.00
ECONOMIC AFFAIRS
3 M/s UE Development
To regularize the downstream investments.
India Pvt. Ltd., New Delhi
(UEDI)
No Fresh Inflow
HEALTH
4 M/s Capricorn Hospitality Induction of foreign investment up to 49% of the equity
Services Pvt. Ltd., Delhi
share capital to make downstream investments, either
directly or through other investment companies.
576.00

5 M/s Travel Channel
International Ltd, United
Kingdom
To set up a Wholly Owned Subsidiary to undertake Downlinking of non-news television channels(s) in India.
4.20
POWER
6 M/s Indus Renewable
Energy India Pvt. Ltd.,
Hyderabad
To make downstream investments in operating and / or

operating cum investing companies engaged in the
hydroelectric power sector.
500.00
7 M/s Sadbhav Engineering To issue and allot Series A and Series B Detachable
Ltd., Ahmedabad
Warrants on a rights basis.
125.00
URBAN DEVELOPMENT

8 M/s Mission Biofuels
India Pvt. Ltd.
(i) To issue fresh equity shares against inward remittance

already received and consequently increasing the
shareholding from the present 99.17% to upto 99.54% of
the paid up share capital of the company.
(ii) To take note that applicant company is also engaged in
the business of generation and sale of electricity through
windmills.
19.59

9 M/s Mitsuba Sical India
Ltd.
To convert the preference shares into equity shares

(instead of redeeming the same) in accordance with the
appropriate guidelines.
Nil
10 M/s RPM International

Inc. USA
To subscribe to warrants pursuant to a preferential

allotment of warrants in accordance with the provisions of
the SEBI DIP Guidelines.
57.60
11 M/s FIMBank p.l.c., Malta To amend the FC approval letter.

12 M/s TM International
Logistics Ltd.
Not indicated
To make an amendment in the FC approval letter.

Nil
POST
13 M/s Elbee Express Pvt.
Ltd.
To issue and allot Cumulative Compulsory Convertible

Preference Shares (CCPS) in the business of providing
courier and logistics activities.
12.00
To provide Internet (with telephony)(ISP) license with

companies International Gateway (both for Satellite and
submarine cable) telecommunications services in India as
an additional activity as part of the existing joint venture.
Nil
TELECOMMUNICATION
14 M/s Cable and Wireless
Networks India Pvt. Ltd.
ECONOMIC AFFAIRS
15 M/s Futuristic Diagnostic Ex-post facto approval for foreign investment in the
Imaging Centre Pvt. Ltd., company engaged in manufacturing of medical
Bangalore
radioisotopes & Nuclear Medicine/Cancer Imaging
Centre.
25.94
16 Mr. Alan Ian Sanderson & To acquire 100% capital for the business of
Mrs. Sandra Lesley Diane advertisement along with publication of Directories,
Day, UAE
Yellow Pages, Journals.
0.01
17 M/s Supreme
Infrastructure India
Limited, Mumbai
6.00
To issue fully convertible equity warrants directly to

Foreign Institutional Investor.

18 M/s Rama Cylinders Pvt.
Ltd.
19 M/s Monsanto India Ltd.
For amendment of the extant approval to enable the

company to undertake business activities involving the
use of genetically engineered cells and material.
Nil
Transfer of shares from an erstwhile OCB to NR.
Nil
Nil
No Fresh Inflow

22 M/s Sahara One Media
and Entertainment Ltd.,
Mumbai
Ex-post-facto approval for foreign investment by NRIs

and FIIs to carry out the activities relating to
Entertainment Media, Motion Pictures.
Nil
23 M/s Synergy Media

Entertainment Ltd.
To increase the foreign shareholding of the paid equity

share capital to carry out the activities relating to FM
Radio Broadcasting in various circles in India.
Not indicated
The company intends to make an initial public offering,

including an offer for sale from existing promoters up to Not indicated
26% of post-IPO paid up share capital.
25 M/s Images Multimedia

Pvt. Ltd.
To issue equity shares to foreign investor to undertake

publication of speciality magazines in the fashion and
retail industry, managements of events focusing on
fashion and retail sector.
0.76

26 M/s Shanghai Urban
Construction (Group)
Corporation, (SUCG),
China
2.
To set up a Wholly Owned subsidiary in the field of

construction activities, project construction, industrial
investment, trade, etc. The proposal attracts Press Note
1/2005.
0.02

No
1 M/s Jet Airways (India)
Equity investment through the Qualified Institutions Placements (QIP)
Limited, Mumbai
route from qualified Foreign Institutional Investors (FIIs).
2 M/s Out-of-Home Media Conversion of operating company into operating-cum-Investing Company
(India) Pvt. Ltd., Mumbai and to make downstream investments.
3 M/s Premiere
Ltd., Ireland

4 M/s Scorpios Beverages

Pvt. Ltd., Delhi

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

6 M/s Verizon
Pvt. Ltd.

7 M/s Clarita International

Ltd., Mauritius
To issue warrants in accordance with the provisions of the SEBI DIP

Guidelines.
8 M/s Telecom Investments Sale and transfer of equity shares from Resident India to Non Resident.
India Pvt. Ltd.
9 M/s Sify Technologies Ltd. Merger of the company as per the Scheme of Amalgamation approved by
the High Court of Madras.
GmbH (EADs), Germany
and Larsen & Toubro

production of Defence equipment (manufacture of arms and armaments).
11 M/s Vyoneesh
Delhi
To set up a Joint Venture Company with 26% foreign equity for

manufacturing, designing, etc. of Defence related equipment.


equipment.

Limited, Bangalore
Preferential issue of Convertible Warrants under SEBI (DIP) guidelines.
14 M/s UTV Software

Communication Ltd.
To issue and allot equity shares pursuant to the scheme of arrangement

approved by the Honble High Court of Bombay.
3.

Sl.
No
1 M/s Sahajanand Medical

Surat
Transfer of shares by way of share swap. The Indian company has one SSI
Unit.
2 Mr. Gagan Verma
To set up, promote and acquire 30% equity in an investing cum holding
company yet to be incorporated.
3 M/s Sun Technics Energy To issue shares against Trade payable.

Systems Pvt Ltd.
4 M/s ByCell
Telecommunication Pvt.
Ltd.

that any representation made by ByCell is to be considered by FIPB in light
4.
Sl.
No
1 M/s Mitsui Prime Advanced Transfer of shares from NR to NR.

Composites India Pvt.
*****
FDI/NRI inflows
(Rs. In Crore)
Nil
No. 11(1)/2006-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 4th January, 2007.
Based on the recommendations of Foreign Investment Promotion

Board (FIPB) in its meeting held on 22nd December, 2006, Finance
Minister, Shri P. Chidambaram has approved 20 proposals of Foreign
Direct Investment amounting to Rs. 2791.723 crore. The proposals relate
to Ministries/Departments, namely, Agriculture & Cooperation, Civil
Aviation, Commerce, Industrial Policy & Promotion, Information &
Broadcasting, Information Technology, Shipping, Telecommunications,
Urban Development and Economic Affairs.
The major investment
proposals pertain to the departments of Industrial Policy & Promotion,
Information & Broadcasting, Urban Development and Economic Affairs.
Sd/( D.K. Singh )
Tel. No.. 2309 2883
To
(Shri B.S. Chouhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
PROPOSALS APPROVED IN THE FIPB MEETING HELD ON 22.12.2006.

S.No. Name & Address of
the existing/proposed Indian company, if already
foreign company
incorporated
Activity
Location
Particulars of the FDI/NRI

proposal
Inflows
( Rs. In
crore)

1 M/s. Mission Agro
Energy Limited,
Mauritius, 2nd floor,
Fairfax House, No.
21, Mgr Gonin
Street, Port Louis,
Republic of
Mauritius, Mauritius
M/s. Mission Biofuels India development of seeds Sangli,

Conversion of
Pvt. Ltd. C-405, 4th
of feed-stocks for
Maharashtra operating
Floor, "Pearl drop" Great biofuels, and other
company into a
Eastern Gardens, L.B.S. processing farming
operating-cumMarg, Kanjur Marg West, activities with respect to
holding
Mumbai -78
the crop "Jatropha' and
company and
other bio-fuel crops
to make further
downstream
investments
0.22
CIVIL AVIATION
2 M/s. Spartan
College of
Aeronautics &
Technology, 8820,
East Pine Street,
Tulsa, Oklahoma,
USA
M/s. Spartan College of

Aeronautics and
Technology (India) Pvt.
Ltd. E 14/20, Vasant
Vihar, New Delhi-57
Establishing a Flying
Training College &
Aircraft Maintenance
Engineers School
Haryana
To set up a JV
company to
establish a
Flying Training
College &
Aircraft
Maintenance
Engineers
School
0.15
M/s. Universal Buying

Office Pvt. Ltd. D-57,
Chattarpur Enclave, New
Delhi-68
Retail trading of 'Single Mumbai

Brand" under the Brand
name "ETAM" in women
fashions
To undertake
Retail Trading
of Single Brand
"ETAM"
women's
fashions wear
1.00
manufacture of auto
Tamil nadu
parks and/or other
related products for auto
sector
To set up a
new WOS to
undertake
manufacture of
auto parts
and/or other
related
products for
auto sector.
Proposal
attracts Press
Note 1 (2005
series)
60.00
COMMERCE
3
M/s. ETAMINT,
Bruxelles, 206,
Chaussee d'
Alemberg, Belgium

4 M/s. Daerim
Enterprise Co. Ltd.
Korea, 940-30,
Yerim-ri,
Jeongkwan-myun,
Gijang-gun, Busan,
Korea
M/s. DR Enterprise
Automomotive Private
Limited, Chennai, Tamil
nadu.
5 Dr. R.
Narayanaswami &
Mrs. Saraswati
Narayanaswami,
USA, 501, Country
Valley Road,
Westlake Village,
CA 91362-5626,
USA
M/s. CSM Software Pvt. Software Development Bangalore

Ltd. Gayathri Lake Front, & IT enabled services
Survey No. 118, Ring
Road, Hebbal, Bangalore
Issue of shares No fresh

inflow
for
consideration
other than cash
ECONOMIC AFFAIRS
6 M/s. Barclays
Capital Securities
Asia Limited, 42/F,
Citibank Tower, 3
Garden Road
Central, Hong Kong
M/s. Asset Reconstruction

company of India Limited,
17th Floor, Express
Tower, Nariman Point,
Mumbai - 21
Mumbai
Business of
reconstruction/resolution
of non-performing
assets acquired from
banks and financial
institutions
Acquisition of
equity upto
9.63% by way
of acquisition in
a company
engaged in
Asset
Reconstruction
activities
21.186
7 M/s. Ankar India

Special situations
Ltd, IFS Court,
Twenty Eight,
Cybercity, Ebene,
Mauritius.
M/s. Asset Reconstruction

company of India Limited,
17th Floor, Express
Tower, Nariman Point,
Mumbai - 21
Mumbai
Business of
reconstruction/resolution
of non-performing
assets acquired from
banks and financial
institutions
Acquisition of
equity upto
9.17% by way
of acquisition in
a company
engaged in
Asset
Reconstruction
activities
60.516
8 FIIs, FVCIs,
Multilateral and
bilateral
development
financial institutions
M/s. IDEA Cellular Ltd,

Suman Tower, Plot No.
18, Sector No. 11,
Gandhinagar -11
Maintaining and
Pune
operating cellular Mobile
telephone services
2500.00
To note the
level of
composite
foreign holding
of 47.55% and
also to
enhance the
foreign
investment
upto 74%
1.00
To set up a
holding-cumoperating
company in the
transport
infrastructure
sector
To set up a new WOS,

9 M/s. Veolia
(M/s. Veolia Transport
Transport & M/s.
India)
ARY, Fontaines,
169 avenue
Georges
Clemenceau, 92000
Nanterre, France &
M/s. ARY, Parc des
New Delhi
Business in
infrastrcuture transport
sector, to provide
consultancy services
and to make
downstream investment
New WOS holding

10 M/s. Universal
company
Success
Enterprises Ltd, P.O
Box 957, Offshoe
Inorporations
Centre, Road Town,
Tortola British
Virgin Islands
To make downstream Kolkata

investments in the
company engaged in
development of a
international convention
centre
11 M/s. Universal
New WOS holding
Success
company
Box 957, Offshoe
Inorporations
Centre, Road Town,
Tortola British
Virgin Islands
To make downstream Kolkata

investments in the
company engaged in
development of a
international convention
centre
To set up a
holding
company to
make
downstream
investment in
Convention
center in
Kolkata
To set up a
holding
company to
make
downstream
investment in
Convention
center in
Kolkata
2.3
0.46
12 M/s. Universal
New WOS holding
Success
company
Box 957, Offshoe
Inorporations
Centre, Road Town,
Tortola British Virgin
Islands
To make downstream
investments in various
FDI compliant
convention centre
projects in India
13 M/s. Seven Hills

M/s. Ontrack Systems Ltd, IT and IT enabled
Technology Inc,
19, Edkalia Road, Kolkata services
2625, Butterfield
Road, Suite 203,
Oak Book IL 60523, USA and Mr.
Ganesh Natarajan,
Australia
14 M/s. Five Star
M/s. Krizm Hotels Pvt. Ltd. Development and
Hospitality
and M/s. Winsome
operation of Hotels
Investment Ltd,
Entertainment & Tourism
Manor House, Ist
Pvt. Ltd.B6/17, Safdarjung
Floor, Cur, Street
Enclave, New Delhi
george/Chazal
Street, Port Louis,
Mauritius
Not
indicated
Kolkata
New Delhi
To set up a
2.3
holding
company to
make
downstream
investment in
various FDI
compliant
convention
center projects
in India
transfer of
No fresh
shares partly inflow
by way of cash
and partly by
way of share
swap
Conversion of 1.75
non-repatriable
equity into
repatriable
equity made by
the NRIs from
his NRO
account
SHIPPING
15 M/s. PSA India Pte. To set up a new JV
Ltd. Singapore
through its SPV,
38th Floor, PSA
Building, 460
Alexandra Road,
Singapore
Chennai
Manage a port in
Chennai in the State of
Tamil Nadu
To set up a
new JV to
develop a
container
terminal at
Chennai Port
Delhi
To undertake cash &
carry wholesale trading
of products sourced
from small scale sector
Amalgamation
of WOS
company with
another
operating
company &
change in
foreign holding
pattern, as per
the merger
scheme
approved by
Delhi High
Court
Amount
not
indicated
COMMERCE
M/s. ITOCHU India Pvt.
16 M/s. ITOCHU
Limited World Trade
Corporation, 5-1,
Tower, Ground Floor,
Kita-Aoyama 2chome, Minato-ku, Barakhamba Lane, New
Tokyo Japan M/s. Delhi
ITOCHU Chemical
Frontier corporation,
Japan,& M/s.
ITOCHU Japan
Singapore Pte Ltd.
1.681
ECONOMIC AFFAIRS
17 Mr. K.H. Lee2/F,
Block- 31, Baguio
Villa No 550Victoria
Road,
PokfulamHong
KongM/s. Kohin
Electronics Co.
Ltd.3007, 30/F,
Cosco TowerGrnad
Millennium
Plaza183, Queens
RoadCentral, Hong
Kong
M/s. Kortek Electronics

(India) Pvt. Ltd.B-33,
Sector 59, Noida 201
301
Downstream
Greater
investments in the
Noida
hospitality business by
setting up
restaurantsAnd making
downstream
investments in
marketing and trading in
the products
manufactured by the
holding company
Conversion of No fresh
inflow
operating
company into
an operatingcum-holding
company
Chennai
Business of
broadcasting of TV
channels and up-linking
News and current affairs
3.37
Induction of
foreign equity
upto 26% in a
company
engaged in the
activities of uplinking news
and current
affairs TV
channels
Software development Bangalore

activity aimed at
providing integrated
end-to-end solutions for
cable and pay-TV
solutions to its
customers
Issue of shares No fresh

inflow
in lieu of
acquiring the
business
New Delhi
To act as holding
company with
downstream
investments in
companies engaged in
distribution of films and
other media content,
film distribution and
digital cinema systems
Conversion of
operating
company into
holding
company and
induction of
foreign equity

18 FIIs, NRIs, FVCs, M/s. Raj Television
Network Ltd, 32, Poes
Multilateral and
Road2nd Street,
Bilateral and
Teynampet, Chennai 18
Bilateral
Development
Financial
Institutions and
other eligible foreign
investors
ECONOMIC AFFAIRS
19 M/s. NDS Limited,
One Heathrow
Boulevard, 286,
Bath Road, West
Drayton, Middlesex,
UB7 0DQ, UK
M/s. NDS Services PayTV Technology Pvt. Ltd. #

9, "Ashford Park View, 80
Feet Road, Koramangala
III Block, Bangalore-34

20 M/s. DG2L
Technologies Pte.
LtdNo. 50,
Robinson RoadFL
16-00, MNB
Building#068882,
SingaporeM/s.
Apollo International
FZCExec. Suite Z168P.O. Bxo 8602,
Saif ZoneSharjah,
UAE
M/s. UFO Moviez Private

LimitedM-4, Surya
Mansion,Kaushalya
ParkHauz Khas, New
Delhi-16
135.79
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 15.02.2011
The Following 19 (Nineteen) proposals have been approved.
No.

1 M/s Shanbagam
Ex post facto approval for induction of foreign equity to
Estate Pvt. Ltd.,
carry out the activities of Floriculture and Horticulture
Chennai
and cultivation of vegetables and mushroom under
controlled conditions.
COMMERCE
2 M/s Apeejay
To take on record the non-resident shareholding in
Surrendra Corporate company engaged in the business of growing,
Services Pvt. Ltd.,
manufacturing and trading in tea, consequent upon the
Kolkata
schemes of amalgamation.
ECONOMIC AFFAIRS
3 M/s Perfiles
To acquire equity share capital of the Indian company
Especiales Selak SL, engaged in the business of manufacturing of various types
Spain
of guide rails and related parts of escalators and elevators.
The proposal attracts para 4.2.2.2 of Circular 2 of 2010 of
the Consolidated FDI Policy.
4 M/s Tri-Net
To set up a JV to undertake the business of domestic
Logistics (Asia) Pte. warehousing operations, inland transportation.
The
Ltd., Singapore
proposal attracts para 4.2.2.2 of Circular 2 of 2010 of the
5 M/s PluralSoft Ltd., Transfers of shares by way of share swap.
Secunderabad
STEEL
6 M/s Kirloskar
Ex post facto approval for issue of warrants to carry out
Ferrous Industries
the business of manufacturing of pig iron and castings.
Ltd. Pune
TELECOMMUNICATIONS
7 M/s Centre for
To undertake additional activity relating to market
Consultancy and
research and induction of additional foreign equity. The
Research Pvt. Ltd., proposal attracts para 4.2.2.2 of Circular 2 of 2010 of the
Bangalore
8 M/s Aavishkaar
Ex post facto approval for issue of partly paid up units to
India Micro Venture foreign investor.
Capital Fund
9 M/s Pine Bridge
Transfer of shares from Non Resident (NR) to NR of an
Investments Japan
investing company.
Co. Ltd.
FDI/NRI
inflows (` in
crore)
22.05
No fresh
inflow
7.00
6.63
No fresh
inflow
0.32
0.50
4.28
Nil
10 M/s Tods Hong

Kong Ltd.
Approval for change of Indian partner in JV to carry out

the retail product such as leather items, shoes, men and
women accessories under single brand name.
POST
11 M/s Aramex India
Pvt. Ltd.

promoting, providing operation handling organized
courier and cargo services.
TELECOMMUNICATIONS
12 M/s Sistema Shyam To amend the FC approval on account of additional
Teleservices Ltd.
activities proposed.
13 M/s Rhodia S.A.,
To set up a WOS to undertake the activities relating to
France
manufacturing chemicals relating to polyamide meant for
engineering plastics and silica. The proposal attracts para
4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI
Policy.
DEFENCE PRODUCTION
14 M/s ABG Shipyard To enter into new activity in Defence Contracts.
Ltd., Mumbai
15 M/s Jubilant
Induction of foreign equity to carry out the manufacturing
Aeronautics Pvt. Ltd. of different types of Unmanned Aerial Systems (UAS)
(JAPL), Delhi
and accessories in defence sector.
16 M/s Reliance
Induction of foreign investment by FIIs, NRIs by way of
Broadcast Network fresh allotment of shares by private placement or
Ltd., Mumbai
otherwise and/or investments through Stock Exchanges
by way of portfolio investments, upto the limit of 20% of
the total aid up capital of the company. The company is
engaged in FM Radio Broadcasting.
METRIX VENTURES
17 M/s Matrix Ventures Induction of foreign equity to undertake activity of
Pvt. Ltd., Kolkata
infrastructure provider category I.
FINANCIAL SERVICES
18 M/s Shriram Capital Induction of foreign equity in an investing company.
Ltd.
19 M/s INX Media Pvt. To amend the FC approval to increase foreign investment
Ltd.
level.
2.
9.82
26.00
Nil
0.05
No Fresh
Inflow
0.0026
45.47
0.95
1180.00
55.0
Sl.
Name of the
No
applicant
1 M/s Vivimed Labs
Ltd., Hyderabad
2 M/s Arshiya
International Ltd.,

Ex-post-facto approval for issue of warrants to carry out the business of
providing logistics solutions, integrated supply chain and logistics
Mumbai
3 M/s Cerebra
Integrated
Technologies Ltd.,
Bangalore
4 M/s G+J
International
Magazines GmbH,
Germany
5 M/s Lokmat Media
Limited, Mumbai
6 M/s Royale Asia

Couriers Pvt. Ltd.,
Chennai
7 M/s Kyuden
International
Corporation, Japan
8 M/s Pipavav
Shipyard Ltd.,
Gujarat
9 Mr. M. Rezaul
Hassan and Ms.
Monnujan Nargis,
Bangladesh
10 M/s Oryx Aviation
(India) Pvt. Ltd.,
Kolkata
11 M/s Triguna
Hospitality Ventures
(India) Pvt. Ltd.
12 M/s Taksheel
Solutions Ltd.
13 M/s Ybrant Digital
Ltd.
14 M/s Rahimafrooz
Batteries Ltd.,
Bangladesh
Products Pvt. Ltd.,
Bangalore
(India) Pvt. Ltd.,
Kolkata
17 M/s Checkmate
Services Pvt. Ltd.,
Gujarat
Issue of shares for consideration other than inward remittances.
Induction of foreign equity to carry out the business of publication and

sale of speciality and life style magazines in India.
Induction of foreign equity by way of IPO, including issuance and

allotment of equity shares to person resident outside India, including
FIIs, foreign VCFs, multilateral and bilateral financial institutions and
non-resident Indians to carry out the business of publishing of
newspapers dealing with news and current affairs.
Induction of foreign equity to carry out the business of international
courier operations.
To set up a JV company to act as an investing company to make
downstream investment in the business of developing and establishing
renewable power projects.
To undertake the additional activity relating to defence sector.

Induction of foreign equity by a company from Bangladesh to carry out

the business of Air transport carriers, Cargo handling incidental to land
transport, etc.
To amend the clause of the FC approval to include a new foreign
collaborator in an investing company.
Ex post facto approval for transfer of shares by way of shares swap.
Ex post facto approval for issue of warrants to carry out the business of
Software Development, IT and IT enabled services.
Bangladesh.
To undertake defence related additional activities of manufacture of
parts and accessories of aircrafts, spacecrafts.

services.
18 M/s Southern CNG

Automobiles India
Pvt. Ltd., Kolkata
Holdings (India)
Ltd., Mumbai
20 M/s Netmagic
Mumbai
Ltd., Delhi
3.

To increase foreign equity from 49 per cent to 74 per cent to carry out
the business of ISP with gateways.
To increase foreign equity from 49 per cent to 74 per cent to carry out
the business of Broadband wireless services, internet services and other
Sl.
Name of the
No
applicant
1 M/s Liebherr
Issue of shares for consideration other than inward remittances.
CMCtec India Pvt.
Ltd., Maharashtra
2 Mr. Jital Shah, Pune To set up a Limited Liability Partnership (LLP) in India with a foreign
equity participation to undertake trading of bananas and agricultural
products.
3 M/s S7 Software
Ex-post facto approval for transfer of shares by Resident Indian to a
Solutions Pvt. Ltd., foreign Trust, being an unincorporated entity and transfer of shares held
Bangalore
by Trust to NR.
4 M/s Xebia IT
Ex-post-facto approval for issue of sweat equity shares for consideration
Architects India Pvt. other than inward remittances to Director of the company.
Ltd., Delhi &
Haryana
5 M/s Global Logic
To issue shares for consideration other the inward remittances.
Inc., USA
6 M/s SDP Telecom
Ex post facto approval for issue of equity shares for consideration other
(India) Pvt. Ltd.,
than inward remittances.
Kanchipuram
7 M/s Aim Star
Induction of foreign equity upto 100 per cent to undertake the activities
Network Enterprise of trading of items sourced from Medium & Small Scale sector.
Pvt. Ltd., Mumbai
8 M/s Kantilal
Ex-post-facto approval for issuance of warrants to carry out the business
Chhaganlal
of Stock broking activities in cash, futures and options segment.
Securities Pvt. Ltd.,
Mumbai
9 M/s Omega IceHill To issue shares for consideration other than inward remittances.
Pvt. Ltd.
4.
Sl.
No
Name of the
applicant
1 M/s Centum
Electronics Ltd.,
Bangalore
5.
To undertake additional activities of manufacture of

products not in the defence sector.
FDI/NRI
inflows
(` in crore)
No fresh
inflow
Sl.
No
1 M/s Tungaloy India Pvt. Ltd.
6.
The following 3 (Three) proposals have been recommended for the consideration of
CCEA, as the investment involved in each of the three proposals is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
1 M/s Reckitt
Benckiser Plc., UK
2 M/s Hero
Investments Private
Limited, Punjab,
H.P. & Chandigarh
3 M/s GMR Airports
Holding Ltd.
To set up a WOS as investing company to make

Induction of foreign equity in investing company.
FDI/NRI
inflows
(` in crore)
3300.00
4500.00
Induction of additional foreign equity and foreign investor
in an investing company, in addition to ` 960 crore already
approved but not brought in.
*****
960.00 +
960.00
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 11.03.2011
Sl.
No.
FDI/NRI
inflows
(` In crore)
CONSUMER AFFAIRS
1 M/s MF Global Sify
Securities India Pvt. Ltd.,
Mumbai
Ex-post facto approval (i) for setting up of step down

subsidiaries, including in Commodity Broking and (ii) to
use internal accruals/free reserves to make downstream No fresh inflow
investments required to meet the minimum capitalization
norms.
ECONOMIC AFFAIRS
2 M/s Unihorn India Pvt.
Ex-post facto approval for issue and allotment of partly

paid up Rights Equity shares to carry out the business of
technical and engineering consultants, advisors, planners,
engineering for construction of roads, airports and
bridges.
3 M/s Ghir Investments

Induction of foreign equity in an Investing company.
(Mauritius) Ltd., Mauritius
1.24
530.00
ECONOMIC AFFAIRS
4 M/s VRL Logistics Ltd.
Induction of foreign investment through an IPO to carry

out the business of transportation of goods and
passengers, Courier services other than postal services,
aircraft charter services, and wind power generation,
involving the installation and sale of electricity produced
by wind power generators.
Not indicated

5 M/s PCRD Services Pte.
Limited, Singapore
To increase the foreign equity percentage in an investing

company.
4.05

Hyderabad
Nil

7 M/s Triguna Hospitality
Ventures (India) Pvt. Ltd.
To amend the clause of the FC approval to include a new

foreign collaborator in an investing company.
Nil
8 M/s Taksheel Solutions

Ltd.
Ex post facto approval for transfer of shares by way of

shares swap.
Nil
9 M/s Dhunseri Investments To issue and allot equity shares to the non-resident
Ltd., Kolkata
shareholders consequent upon demerger.
715.00
INFORMATION & BRAODCASTING

Magazines GmbH,
Germany

publication and sale of speciality and life style magazines
in India.
7.35
To set up a JV company to act as an investing company to

make downstream investment in the business of
developing and establishing renewable power projects.
1.625
POWER
11 M/s Kyuden International
Corporation, Japan
SHIPPING
12 M/s Pipavav Shipyard Ltd., To undertake additional activity relating to defence sector.
Gujarat
Nil
TOURISM
13 M/s Oryx Aviation (India) Induction of foreign equity by a company from Bangladesh
Pvt. Ltd., Kolkata
to carry out the business of General Services Agent.
0.99
REVENUE
14 M/s Gremach
Ex-post facto approval for issue of warrants. The
Infrastructure Equipments company is engaged in the business of providing
& Projects Limited
equipments on rental for infrastructure projects.
2.
29.60
The following 27 (Twenty seven) proposals have been deferred:

Sl.
No
1 M/s Forbo Holding AG, To set up a new WoS to undertake the business of manufacturing, sale,
Lindenstrasse,
distribution, lease, import and export of power transmission belts,
Switzerland
sophisticated conveyor and processing belts as well as plastic modular,
timing and flat belts made of synthetic materials and other related machines
and tools. The proposal attracts para 4.2.2.2 of Circular 2 of 2010 of the
Consolidated FDI policy.
2 M/s Punj Lloyd Ltd.,
To undertake additional activities of manufacture, assembly and repair of
Delhi & Haryana
defence equipment.
3 M/s Sejong Industrial Co. To set up a new WoS to undertake the business of manufacturing and
Ltd., Republic of Korea
supply of automobile parts and components including exhaust muffler
assembly and catalytic converters. The proposal attracts para 4.2.2.2 of
Circular 2 of 2010 of the Consolidated FDI policy.
4 M/s iFast Financial India To engage in the business of publishing magazine.
Pvt. Ltd., Mumbai
5 M/s Kale Consultants,
Pune
Ex-post-facto approval for issue of warrants. The company is engaged in

IT sector.
6 M/s ACB (India) Limited, Ex-post-facto approval for issue of warrants. The company is engaged in
Delhi
the business of coal washing and electricity generation.
7 M/s Oriental Tollways
Pvt. Ltd., Delhi &
Haryana
Induction of foreign equity in an Investing company.
8 M/s Al Habtoor-STFA
Soil Group LLC, Dubai,
UAE
10
11
12
13
14
15
16
To set up a WOS to undertake the business of bored piling, shoring,

diaphragm wall construction, anchoring, sheet piling, soil improvement, jet
grouting, CFA piling, vibro piling, stone columns, wick drains, dynamic
consolidation, reverse circulation drilling in rock and mini piling. The
Proposal attracts provision of para 4.2.2.2 of Circular 2 of 2010 of the
M/s Harsh Intertrade
Ex-post-facto approval for allotment of shares against the amount received
Private Limited,
and kept in Escrow account. The company is engaged in the business of
Ahmedabad
M/s Shiva Regency Pvt. Ex-post-facto approval for allotment of shares against the amount received
Ltd., Ahmedabad
and kept in Escrow account. The company is engaged in the business of
M/s Rahimafrooz
Batteries Ltd., Bangladesh batteries and providing after sales services in India by a company from
Bangladesh.
M/s Arshiya International Ex-post-facto approval for issue of warrants to carry out the business of
Ltd., Mumbai
providing logistics solutions, integrated supply chain and logistics
M/s Maini Precision
To undertake defence related additional activities of manufacture of parts
Products Pvt. Ltd.,
and accessories of aircrafts, spacecrafts.
Bangalore
M/s Verizon
Pvt. Ltd.
M/s Pran Beverages

Pvt. Ltd., Gujarat

services.
18 M/s Lokmat Media

Limited, Mumbai
Induction of foreign equity by way of IPO, including issuance and

allotment of equity shares to person resident outside India, including FIIs,
foreign VCFs, multilateral and bilateral financial institutions and nonresident Indians to carry out the business of publishing of newspapers
dealing with news and current affairs.
Ex post facto approval for issue of warrants to carry out the business of
Software Development, IT and IT enabled services.
20 M/s Southern CNG

Ltd., Kolkata
21 M/s Royale Asia Couriers Induction of foreign equity to carry out the business of international courier
Pvt. Ltd., Chennai
operations.
Mumbai
Pvt. Ltd., Mumbai

business of ISP with gateways.

Limited, Bangladesh


Ltd., Delhi
and Ms. Monnujan
Nargis, Bangladesh
27 M/s UT Starcom India
Telecom Private Limited
3.
business of Broadband wireless services, internet services and other

No
1 M/s Henry Lamotte India Ex-post-facto approval for capitalisation of the pre-incorporation. The
Pvt. Ltd.
company engaged in the business of sales of Natural oil, waxes and special
ingredients.
2 M/s Dieffenbacher India Ex-post-facto approval for capitalisation of the pre-incorporation and
preliminary expenses to carry out the business of Marketing and sales
support services.
3 M/s Mecords India Ltd., Ex-post-facto approval for issue of partly paid up equity shares.
Mumbai
4 M/s Brampton
Private Limited
5 M/s Everstyle Hotel
Supplies India Private
Limited
(i) Grant of condonation of delays in fulfilment of minimum capitalization

norms; and (ii) Post facto approval for capitalization of pre-incorporation
expenses.
To issue shares against consideration other than internal remittance.
4.
The following 1 (One) proposal has been withdrawn from the Agenda on the request of the
applicant:
Sl. No
1
Mr. Jaishankar Ramchandran, NRI, South Africa
5.
The following 04 (Four) proposals have been withdrawn from the Agenda:
Sl. No.
1
M/s Eagle Hunter Solutions Ltd., Delhi & Haryana
M/s Abbott Truecare Pharma Pvt. Ltd., Mumbai
M/s Rajpur Hydro Power Pvt. Ltd., Shimla
M/s People Infocom Pvt. Ltd., Mumbai

*****
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 30th April, 2007.
PRESS RELEASE

meeting held on 23rd April, 2007, Finance Minister, Shri P. Chidambaram has approved 22
proposals of Foreign Direct Investment amounting to Rs.351.4132 crore. The proposals
relate to Ministries/Departments, namely, Agriculture & Cooperation, Commerce, Food
Processing Industries, Information & Broadcasting, Information Technology, Industrial Policy
& Promotion, Petroleum & Natural Gas, Railways, Shipping, Small Scale Industries,
Telecommunications and Economic Affairs. The major investment proposals pertain to the
Ministry/Departments of Commerce, Railways, Telecommunications and Economic Affairs.
Sd/( P.K. BAGGA )

OSD (CM & I)
Tele/fax No. 2309 4172
To
Director, NIC

Sl. No.
FDI/NRI inflows
(Rs. In crore)

1.
2.
M/s. D1 Oils Trading Ltd. UK To undertake additional activities of

No fresh inflow
development of Jatropha seeds and seed
materials from local farmers through
contract farming and undertake extraction of
crude jatropha oil
M/s. D1 Oils Trading Ltd, UK To set up a Joint Venture company to
2.00
undertake the business of development of
Jatropha Curcas (Jatropha) seeds in
nurseries and to undertake extraction of
crude Jatropha oil
COMMERCE
3.
M/s. Grotto S.p.A. Italy
4.
M/s. Aldeasa S.A. Spain
To set up a joint venture company with a

18.50
foreign equity of 50% to undertake the
activities of sourcing, manufacturing,
marketing and retailing of GAS brand
premium casual clothing and accessory
products in India, besides other activities
15.75
To set up a Joint venture company for
operating Duty Free shops in Indian Airports
and Seaports

5.
0.01
M/s. Ferrero International To set up a WOS to undertake the
S.A. Luxembourg
manufacture and sell confectionary products
on a cash and carry wholesale basis.

6.
0.01
M/s. Hydril Company L.P., Transfer of shares from resident to nonUSA
resident. Company is engaged in
conducting R&D in Pressure control
equipments, providing engineering support
services, providing after-sales support and
service training to its joint ventures staff
and customers etc. Proposal also attracts
7.
M/s. Springer SBM Holding To establish a joint venture to undertake the 0.45
Ltd, Mauritius
business of publishing services, content
development, content management, content
outsourcing, etc. other than printing of
journals.
RAILWAYS
8.
M/s. Patil Rail Infrastructure Induction of foreign equity upto 49% by way 240.75
Pvt. Ltd. Secunderabad
of subscribing to new shares and
conversion of operating company into
operating-cum-holding company. The
company will undertake manufacturing,
supplying various types of sleepers, rail
track equipment and other products and
services to the Indian Railways.
SHIPPING
9.
M/s. Geodis S.A. France
Making foreign investment upto 15% in M/s. 0.22

Wilson Sandhu Logistics (India) Private
Limited. The company is engaged in the
business of operation and multi-model
transportation, air cargo, sea cargo, air
charters, sea charters, etc.
ECONOMIC AFFAIRS
10.
11.
12.
13.
M/s. Lathe Investment Pte. Indirect acquisition of shares of M/s.

No fresh inflow
Ltd. Singapore
Edelweiss Capital Ltd. by M/s. Lathe
Investment Pte. Ltd. Singapore. The
company is engaged in NBFC activities and
also attracts Press Note 1(2005 series)
M/s.
Dainippon
Inc.
& Induction of foreign equity upto 18.52% by 0.8652
Chemicals, Japan
the foreign collaborator by way of
subscribing to addl. Equity shares of M/s.
Asahi Songwon Colours Limited. Proposal
attracts Press Not 1(2005 series)
1.86
M/s. Religere Engineering Induction of foreign equity by way of
Ltd.
subscribing to shares by way of IPO by FIIs,
VCFs, FVCIs, multilateral and bilateral
development financial institutions and NRIs
on repatriation basis and to make
downstream investment. Also proposal
involves conversion of operating company
into a holding company
M/s.
Zolon
Tech.
Ltd. Induction of foreign equity by way of issue 19.96
Hyderabad.
of shares on repatriation basis consequent (including
premium)
upon amalgamation of M/s. Zolon Tech
Solutions Inc. into M/s. Zolon Tech Ltd.
company is engaged in providing
technology and process outsourcing
services

14.
1.04
M/s. Carat Media Services Transfer of shares from resident to nonIndia Pvt. Ltd.
resident by way of acquisition. Company is
engaged in Media services and business of
Media buying, planning, strategy and
consultancy. Proposal attracts Press Note
1 (2005 series)

15.
M/s. Wrigley (I) Pvt. Ltd.
Merger of Jyoco India with Wringley India

No fresh inflow
Private Limited, consequent upon the order
of Delhi High Court. The company is
engaged in the manufacture of chewing
gum and other confectionery excluding
items reserved for small scale sector

16.
17.
18.
19.
To undertake additional activities of carrying No fresh inflow

on the business of logistics, freight
forwarding, carriers of goods by roads and
water, transport, commission, clearing and
forwarding agents, cargo agents, packers,
warehousemen, storekeepers and allied
services
M/s. WIKA Instruments (I) Issue of shares against unpaid purchase
No fresh inflow
Pvt. Ltd.
invoice for imports by the company.
M/s. Volvo India Pvt. Ltd.
M/s. Cleantec Hospitality Conversion of operating company into

No fresh inflow
Services Pvt. Ltd.
operating-cum-holding company to make
down stream investments. The company is
engaged in providing facility services.
M/s. Kansai Nerolac Paints Merger of M/s. Polycoat Powders Ltd. with No fresh inflow
Ltd.
Kansal Nerolac Paints Limited consequent
upon the scheme of amalgamation
approved by Honble High Court. The
company is engaged in manufacture of
paints, enamels & varnishes
SMALL SCALE INDUSTRIES

20.
M/s. AMC Cookware (India) To undertake additional activities of Test

Pvt. Ltd.
Marketing of Powervac Systems
No fresh inflow

21.
M/s. BG Energy Holdings Ltd, To undertake additional activities of

No fresh inflow
UK
Marketing and distribution of natural gas
procured from domestic or imported
sources, including re-gasified liquefied
natural gas in India Proposal attracts Press
Note 1 (2005 series).
TELECOMMUNICATIONS
22.
M/s. Cable & Wireless Induction of foreign equity upot 74% in a

50.00
Networks India Pvt. Ltd. company engaged in International Long
Bangalore
Distance (ILD) and National Long Distance
(NLD) telecommunications services in India
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
PRESS RELEASE
On the recommendation of the FIPB Meeting held on 27th April, 2007, Finance
Minister, Shri P. Chidambaram has approved the proposal of M/s. Vodafone International
Holdings B.V. to take note of the transaction by which Vodofone is acquiring or has acquired
effective shareholding of 51.96% in M/s. Hutchison Essar Limited. The proposal pertain to the
Department of Telecommunications.
Sd/( P.K. BAGGA )

OSD (CM & I)
Tele/fax No. 2309 4172
To
Director, NIC
FIPB Meeting held on 27th April, 2007

TELECOMMUNICATIONS
1
M/s.
Vodafone To take note of the transaction by which No fresh inflow
International Holdings B.V. Vodofone is acquiring or has acquired
effective shareholding of 51.96% in M/s.
Hutchison Essar Limited
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the April 23, 2010
PRESS RELEASE
Sd/(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 09.04.2010
No.
FDI/NRI
inflows (Rs. In
Crore)

1 M/s NSL Seeds Pvt.
Waiver of the condition.
No Fresh Inflow
Ltd., Hyderabad
2 M/s Firmenich Trading (i) to set up a scratch-compounding perfumery unit
Corporation, Switzerland for manufacture of perfumery products and
fragrances.
(ii) enter into a sub-contracting and/or license
No Fresh Inflow
agreement where the technical assistance agreement,
if applicable, shall
provide for the payments of
agreed royalty. The proposal attracts Press Note 1 of
2005.
COMMERCE
3 M/s ABE Abraham,
Induction of foreign investment to undertake import,
Chennai
export and wholesale trading of Water Treatment &
0.09
Fluid Handling Equipment and Accessories. The
Proposal attracts Press Note 1 of 2005.
To subscribe in an Indian company to engage in
4 M/s Early Learning
Single Brand retail trade.
Centre Ltd
To grant a franchise/ licence to use brand and sub4.75
brand to the Indian company pursuant to franchising
arrangement.
5 M/s Verve Hearing
To set up a joint venture to undertake the business
Systems
of setting up a facility to customize, assemble and
programme hearing aids and to set up stores to sell
0.11
the final products to the end customers under single
brand in India.
ECONOMIC AFFAIRS
6 M/s Williamson
Transfer of shares from NR to NR. The Indian
Maknam Ltd., Jersey
company is engaged in the NBFC sector. The No Fresh Inflow
7 M/s Matrix Holdings
Induction of foreign investment in the investing
1.5
Limited, Dubai, UAE
company.
8 M/s PCRD Services Pte. Induction of foreign equity in a JV Investing
23.97
Ltd., Singapore
company.
HEALTH
9 M/s Abbott Capital India Acquisition of shares of the Indian company under
Limited, England
an open offer (from resident and non-resident
308.51
shareholders, including FIIs, NRIs and OCBs). The
10 M/s South Asian
To set up a WoS to undertake down-linking activity.
Regional Investments
The proposal also attracts Press Note 1 of 2005.
2.5
Singapore, Pte. Ltd.,
Singapore
11 M/s Magnaquest
Issue of shares by way of share swap.
Nil
Hyderabad
12 M/s Stylus Systems Pvt. Ex-post-facto approval for issue of equity shares NR
Ltd., Bangalore
as sweat equity in lieu of services rendered by her No fresh inflow
to the company in India.
13 M/s NetEnrich
Ex-post facto approval for issue of partly paid
Nil
Technologies Pvt Ltd.
shares.
SHIPPING
14 M/s Ennore Automotive Induction of foreign investment to carry out the
Logistics Limited,
business of investing company.
Chennai
15 M/s Star India Limited Transfer of shares as per the scheme of
amalgamation.
REVENUE
16 M/s Indium IV
(Mauritius) Holdings
2.20
Nil

Nil

17 M/s Bharat Oman
Refineries Ltd.
Nil
CONSUMER AFFAIRS
18 M/s IGSB-Stan I LLC,
USA
0.70
To acquire equity shares in Multi Commodity

Exchange of India Limited.
2.

No
1 M/s Gremach
Ex-post-facto approval for issue of warrants.
Infrastructure
Equipments & Projects
Ltd., Mumbai
2 M/s Hindustan Media Induction of foreign investment from non-residents including FIIs,
Ventures Limited, Patna FVCI and VCF and multilateral and bilateral development
financial institutions and other eligible foreign investors including
pursuant to a private placement, IPO of equity shares of the
Company and/or transfer of equity shares or other securities
convertible into equity shares.
3 M/s Nimbus
Communications Ltd,
Mumbai.
4 M/s Transcend
Acquisition of 100% equity to undertake the business of building
Infrastructure Limited towers, acquiring towers for securing management rights of towers
for the purpose of leasing or licensing the shared use of these
towers to communication and broadcasting.
5 M/s Mid Day
Multimedia Limited
6 M/s Star India Holding To acquire up to 49% share holding stake in TS Investment Ltd.,
BV
who in turn will acquire shares of Tata Sky Ltd.
7 M/s DLF Hilton Hotels To make an amendment in the FC approval.
Limited
8 M/s Glencore Grain
India Pvt. Limited

Limited, Mumbai
Ex-post-facto approval for issuance of partly-paid equity shares.
10 M/s Verizon
Pvt. Ltd.
11 M/s Arkadin SAS,
France
Transfer of equity shares from non-resident shareholder to nonresident group in Telecom Sector.
12 M/s Etisalat DB
Telecom Private
Limited, Mumbai
Mumbai
Transfer of shares from Resident to Non-Resident of a company

engaged in the Telecom Sector.
Acquisition of equity stake up to 60% in the paid up share capital

of a company engaged in the telecom sector.
Acquisition of equity shares by way of subscription to new equity

shares and/or purchase of existing equity shares in an investing
14 M/s S Tel Private

Limited, Gurgaon
To issue/allot fully paid-up fresh equity shares to undertake the

business of providing telecommunications services in India.
15 M/s Telcordia
16 M/s Jaipur IPL Cricket To induct 100% foreign equity by way of issue of shares for
Pvt Ltd.
consideration other than cash.
17 M/s Morgan Stainley
Mauritius Company
Ltd.
3.

No
1 M/s Seonghwa
To issue equity shares in lieu of value of machinery received.
Construction India Pvt.
Ltd., Mumbai
2 M/s Safron Realty Pvt. Ex-post-facto approval for induction of FDI in the business of real
Ltd., Bangalore
estate development.
3 M/s Bricks Securities
Limited
India Pvt. Limited
4.
To make investment in non-cumulative non-convertible

redeemable preference shares as downstream investment from its
internal accruals. Buy back of equity shares.
In the following 1 (One) proposal, FIPB recommended that no action is called for.

No
1 M/s NAS Aviation
Denial of security clearance by MHA.
*****
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
NIC (DEA)
3.
4.
September 11, 2009
Following 13 (Thirteen) proposals have been approved.
No.
FDI/NRI
inflows (Rs.
In Crore)
COMMERCE
1 M/s Kludirak India Pvt.
Ltd., Mumbai
To set up a JV company to undertake wholesale cash & carry

trading. The proposal attracts Press Note 1 of 2005.
1.89
2 M/s L.Occitane
Singapore Pte Ltd.
To acquire 51% equity of the Indian company to carry out the

single brand retail trading.
Not
indicated
3 M/s Ramboll Singapore

Pte Ltd., Singapore
Post facto approval for foreign equity participation in respect

of fully paid up equity shares by virtue of its acquisition in
2008 to undertake Tower Engineering and tower related
services. The proposal attracts Press Note 1 of 2005.
3.00
4 M/s InfxQ Knowledge

Services Pvt. Ltd.,
Bangalore
Issue of equity shares against the money received as advance

towards export of services.
ECONOMIC AFFAIRS
1.08

5 M/s S & S Media (India)
Enterprises Pvt. Ltd.,
Bangalore
To induct foreign equity participation upto 100% to publish

Specialty Magazines.
0.30
SHIPPING
6 M/s TM International
Logistics Ltd., Kolkata
To issue shares against consideration other than cash.
40.00
ECONOMIC AFFAIRS
7 M/s General Motors
To waive off the condition of minimum capitalization norms.
Acceptance Corporation
No Fresh
Inflow
INUSTRIAL POLICY & PROMOTION

8 M/s Strata Geosystems
(I) Pvt Ltd.
To (i) regularise foreign inward remittances as well as

allotment of shares, (ii) further compounding by RBI to be
No Fresh
waived off, and (iii) to allow them to raise the FDI participation
Inflow
up to Rs. 5 .00 Crore, without change in approved percentage.
9 M/s Sterlite
Technologies Ltd.
To issue and allot warrants on preferential basis.
103.95

To make an amendment in FC approval letter.
243.40
TELECOMMUNICATIONS
11 M/s Sistema Shyam
Teleservices Ltd.
Ex-Post-facto approval for conversion of operating company

into operating cum holding company and making
downstream investments.
No Fresh
Inflow
DEFENCE PRODUCTION
Nadu
No Fresh
Inflow
TELECOMMUNICATIONS
Pvt. Ltd.,
2.
To induct fresh foreign equity participation with the

induction of a new foreign collaborator.
Not
Indicated

No
1 M/s Supreme
To issue fully convertible equity warrants directly to Foreign Institutional
Investor.
Limited, Mumbai
2 M/s Sahara One Media Ex-post-facto approval for foreign investment by NRIs and FIIs to carry out
and Entertainment Ltd., the activities relating to Entertainment Media, Motion Pictures.
Mumbai
3 M/s Rama Cylinders Pvt. To make an amendment in the FC approval.
Ltd.
4 M/s Sun Trechnics
Energy Systems Pvt Ltd.
To issue shares against Trade payable.
5 M/s Synergy Media

Entertainment Ltd.
To increase the foreign shareholding of the paid equity share capital to

carry out the activities relating to FM Radio Broadcasting in various circles
in India.
6 M/s UTV Software

Communication Ltd.
To issue and allot equity shares pursuant to the scheme of arrangement

approved by the Honble High Court of Bombay.

GmbH (EADs), Germany production of Defence equipment (manufacture of arms and armaments).
and Larsen & Tourbo
8 M/s ByCell
Telecommunication Pvt. that any representation made by ByCell is to be considered by FIPB in light
Ltd.,
3.

Sl.
No
4.
1 M/s LGT Venture

Philanthropy
Foundation, Zurich
Relaxation in fulfillment of the condition of minimum capitalization norms.
2 M/s ICICI Investment

Management Company
Ltd., Mumbai
To make investment by a Foreign Fund Company into an Indian Fund

Company.
Sl. Name of the

No. applicant
1 M/s Caparo
Engineering India
Pvt Ltd.
FDI/NRI inflows
(Rs. In Crore)
Ex-post-facto approval for conversion of an operating company No Fresh Inflow

into operating cum holding company for making downstream
investment.
*****
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(P.K. Bagga)
OSD (CM&I)
23094172
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 10.09.2010
Following 24 (Twenty four) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` in crore)
COMMERCE
1 M/s Lornamead Group
Limited, UK
Induction of 100% foreign equity in an Indian company

engaged in wholesale trading in personal care brands and
sourcing from small scale sector.
0.01
Ex-post-facto approval for warrants already issued. The

company is engaged in the business of acting as
manufacturers, exporters, importers, dealers and agents
of concrete and pre-stressed concrete products. (NIC
Code 501)
27.55
3 M/s VA Tech Wabag

Limited, Chennai
Ex-post facto approval for issuance of partly paid up

shares.
0.49
4 M/s Amcol International

Corp, United States of
America
Induction of foreign equity in an Indian company to

undertake the activities of manufacturing, trading,
installation etc. The proposal attracts para 4.2.2.2 of
Circular No. 1 of 2010 of the Consolidated FDI policy.
4.66
To set up a JV company to be engaged in application

design services and their allied services for air
conditioners, their sub assemblies and components for
passenger automobiles, buses, trucks, etc. The proposal
attracts para 4.2.2.2 of Circular No. 1 of 2010 of the
5.03
To set up a JV company to undertake manufacturing

steam engines and turbines.
0.02
CORPORTE AFFAIRS
2 M/s GPT Infraprojects
Limited, Kolkata
ECONOMIC AFFAIRS
HEVY INDUSTRY
5 M/s Denso Corporation,
Japan
6 M/s Nuovo Pignone

S.P.A, Italy

7 M/s NDTV Lifestyle
Induction of foreign equity in an Indian company to act
Holdings Pvt. Ltd., Delhi as an investing company for the companies engaged in
uplinking and broadcasting of non-news and current
affairs television channels.
186.02
8 M/s NDTV Networks

Private Limited, Delhi
Induction of foreign equity in an Indian company to act

as an investing company for the companies engaged in
uplinking and broadcasting of non-news and current
0.0025

9 M/s Mccormick
Ingredients SE Asia Pte.
Ltd., Singapore and M/s
Eastern Condiments Pvt.
Ltd., Kerla

manufacture and export of pickles. The proposal attracts
para 4.2.2.2 of Circular No. 1 of 2010 of the
10 M/s Primacy Industries

Limited, Karnataka
Acquisition of a US based company by way of share

swap.
2.51
No Fresh Inflow
STEEL
11 M/s Hindustan Tin Works Ex-post facto approval for issuance of warrants.
Limited, Delhi
0.11
TOURISM
12 M/s Four Seasons Hotels
and Resorts Asia Pacific
Pte Ltd., Singapore
To set up a WoS to undertake Hotels and Tourism

related industry. The proposal attracts para 4.2.2.2 of
Circular No. 1 of 2010 of the Consolidated FDI policy.
0.01
URBAN DEVELOPMENT
13 M/s Housing
Development and
Mumbai
To issue warrants to undertake the business of real estate

development including construction and development of
residential projects, commercial and retail projects, slum
rehabilitation and development and airport development.
Activities to be FDI compliant.
747.50

14 M/s Dhunseri Petrochem
& Tea Ltd.
To issue and allot equity shares to non resident

shareholders consequent upon amalgamation in terms of
a Scheme of Arrangement approved by the Calcutta High
Court.
No inflow

15 M/s Ortel
Communications Ltd.
16 M/s SIDOFI
Communications
Investments Ltd.

business of broadcasting non-news and current affairs
Nil
Nil
TOURISM
17 M/s AAPC Hotels
Management Pvt. Ltd.
Nil
COMMERCE
18 M/s Putzmeister Concrete Ex-post facto approval for setting up of WOS to
Pumps GmbH, Germany undertake manufacturing, marketing and sale of concrete
pumps, other related products and rendering related
after- sales services. The proposal attracts erstwhile
32.5

19 M/s Jagran Media
Network Pvt. Ltd.,
Kanpur
Induction of foreign equity into an investing company.
20 M/s Kal Media Services

Pvt. Ltd., Chennai

Enterprises Ltd
Transfer of shares by way of share swap on account of a

composite scheme of amalgamation.
Nil
22 M/s Bharat Broadcasting

Network Ltd.
Ex-post-facto approval for transfer of shares to NRI to

carry out the business of uplinking news and current
affairs channel.
Nil
225.00
396.00
POWER
23 M/s Asian Genco Pte
Ltd., Singapore
To set up an investing company.
1100.00

24 M/s ITD Cementation
India Limited
2.
Proposed induction of foreign equity through internal

accruals.
Nil
The following 22 (Twenty two) proposals have been deferred:

Sl.
No
1 M/s GMR Airports Holding Induction of foreign equity in an investing company.
Limited, Bangalore
2 M/s Tata Advanced
Systems Limited, Delhi
Induction of foreign equity to undertake activity relating to defence

production.
3 M/s Shriram Capital

Limited, Chennai

Pvt. Ltd., Gujarat

services.
5 M/s Southern CNG

Induction of foreign equity in an Indian company by a company from
Automobiles India Pvt. Ltd., Bangladesh.
Kolkata
Services Pvt. Ltd., Mumbai broadband services.
7 M/s Matrix Ventures Pvt.
Ltd., Kolkata
Induction of foreign equity to undertake activity of infrastructure

provider category I.

Services Pvt. Ltd.,
Bangalore
Transfer of equity shares to NR to undertake the activities of Voice

Mail/Audio text service.

Business Services

broadband services.

Pvt. Ltd., Delhi

broadband services.

Business Services (Kerala)
Pvt. Ltd., Delhi

broadband services.
12 M/s Flagship Infrastructure Ex-post-facto approvals for issuance of warrants.

Pvt. Ltd., Mumbai
13 M/s CNI Enterprise (India)
Pvt. Ltd.
14 M/s SIDOFI
Communications
Investments Ltd.
Transfer of shares from NR to NR to carry out the business of

broadcasting non-news and current affairs television channels.
15 M/s SIDOFI
Communications
Investments Ltd.
Transfer of shares from NR to NR to carry on in India all or any of the

business of operators, providers, installers, etc. in telecom services.

To undertake activities of manufacture parts, components and accessories

for aircraft and spacecraft to be supplied to civil and defence sectors.
17 M/s Verizon
Ltd.
18 M/s Pran Beverages (India) Induction of foreign equity by a company from Bangladesh.
Pvt. Ltd., Kolkata
19 M/s Quantium Solutions
Category I).
22 M/s Telecordia
3.
Review of cancellation of Original FC approval.

Sl.
No
M/s Orbis Capital Limited,

Gurgaon
(i) Transfer of shares in an Indian company by way of share swap, (ii) To

act as an investment company.
M/s Omega Icehill Pvt.

Ltd., Delhi
To allot and issue equity shares for consideration other than inward
remittances to the account to carry out the business of manufacturing of
Laser Welded Pillow Plates, Laser Welding Machines, etc.
M/s Zylog Systems Limited, To allot and issue equity shares for consideration other than inward
Chennai
remittances to the account to carry out business of Software Development
& consultation.
M/s Sun Technics India Pvt. To issue shares against trade payables.
Ltd.
M/s Elliott Co. Pvt. Ltd.
M/s Karuturi Global

Limited, Bangalore

M/s Advanta India Limited, To issue and allot Rights Equity Shares, CCPS and Warrants to carry out
Hyderabad
the business of research, development, production, distribution and
marketing of hybrid agricultural field crop seeds and plant seed.
M/s Jeevan Telecasting Co

Ltd
Ex-post-facto approval to ratify the NRI investment to carry out the

uplinking of news and current affairs channel.
M/s. Etisalat DB Telecom

Private Limited

Telecom Pvt. Ltd.

11 M/s Danobat Gupa Machine To allot and issue equity shares for consideration other than inward
Tools Pvt. Ltd.
remittances to the account.
12 M/s Siemens Limited
4.
Re-consideration of FIPB decision on the request of DIPP.

Sl. No
1
5.

M/s JM Financial Trustee Company Pvt. Ltd., Mumbai
Sl. No.
1

M/s Persistent Systems Ltd.
*****
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe4thJuly,2008
PRESSRELEASE
heldon24thJune,2008,FinanceMinister,ShriP.Chidambaramhasapproved29ProposalsofForeign
Information&Broadcasting,UrbanDevelopment,TourismandEconomicAffairs.
(PrabodhSaxena)
Director(FIPB)
23093558
To
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
requestlatestby5.00P.M.on7thJuly,2008atFAXNo.23094084,23092477,23093558.Nofurther
requestswillbeentertainedlaterandtheapprovalletterswouldbesentbySPEEDPOST.
(PrabodhSaxena)
Director(FIPB)
23093558

24.06.2008
Following29(twentynine)caseshavebeenapproved.
No.
FDI/NRIinflows
(Rs.Incrore)
ATOMICENERGY
1 M/sGlobalEnergyMining Induction of FDI up to 74% in Mining and Separation of
andMineralsKFT.,
TitaniumBearingMineralsandOres.
Hungary
24.05
COMMERCE
2 M/sGiordanoFashions
(India)Pvt.Ltd.
To establish a chain of Single brand retail stores. Press

Note3of2006attracts.
5.09
3 M/sHallmarkGroupLtd. Tosetupanewventuretoimportreplicas(ofsilverand
plated with gold) of select vintage postage stamps and
sell directly to end customers. Press Note 3 of 2006
attracts.
0.21
4 M/sMarks&SpencerPlc. Inductionof51%FDIforsinglebrandretailtrading.Press
.0051
5 M/sPearleEuropeB.V.
Inductionof50%FDIforsinglebrandretailtrading.Press
Notindicated
ECONOMICAFFAIRS
6 M/sAquamarineResorts To acquire the status of foreign owned Indian holding

Pvt.Ltd.,Mumbai
cum operating company to make downstream
investment.ProposalattractsPressNote1of2005.
90.00
7 M/sInternationalAsset
ReconstructionCo.Pvt.
Ltd.,NewDelhi
To issue and allot equity shares and compulsorily

convertible preference shares up to 19.56% of its post
issuepaidupsharecapital,onafullydilutedbasis.
24.20
8 M/sOnmobileGlobal
Ltd.,Bangalore
Acquisition of 100% equity share capital of a foreign

NoFreshInflow
companybyshareswapandcashbasis.
9 M/sShetrunsHillsPte
Ltd.,Samoa
TransferofsharesfromerstwhileOCBtoNRs.
0.66
FINANCIALSERVICES
10 M/sHSBCViolet
Induction of foreign equity by way of acquisition and
Investments(Mauritius), openofferofequitysharesandconversionofoperating
NoFreshInflow
Mauritius
makefurtherdownstreaminvestment.
HEALTH
11 M/sMidmark
Corporation,USA
InductionofFDIupto49%inacompanyengagedinthe
manufactureofSSIreserveditems.
1.11
12 M/sSimbiosysBiowares Conversion of operating company into holding cum
NoFreshInflow
IndiaPvt.Ltd.,Bangalore operatingcompany.
13 M/sMikuniCorporation, To establish a WOS to undertake the business of
Japan
manufacture, assembly and sale etc., of automotive
componentsandotherpartsandsubassembliesthereof
forthetwoandthreewheelervehicles.Proposalattracts
PressNote1of2005.
20.00
14 M/sGetitInfoservices
Ltd.,NewDelhi
Issue of equity shares and zero coupon compulsorily

convertiblepreferenceshares.TheCompanyisengaged
in the publishing of scientific magazines/ specialty
journals.
23.00
15 M/sENIUKHoldingPLC, Acquisition of shares of a Company engaged in the

UK
exploration, development and production of crude oil
and natural gas in India. Proposal attracts Press Note 1
of2005.
26.11
PETROLEUM
POWER
16 M/sBBIPower
Issueofsharesagainstremittancesalreadyreceived.
KrishnapatnamCompany,
Hyderabad
NoFreshInflow
URBANDEVELOPMENT
17 M/sApricotRealtorsPvt. To acquire the status of foreign owned Indian holding
Ltd.,Chennai
cum operating company to and to make downstream NoFreshInflow
investment.
18 M/sMacquarieIndia
PropertiesPtyLtd.,
To set up a WOS to carry out investment advisory and

financial consultancy services to the real estate
investment industry and undertake investment research
2.25
Australia
activities in connection therewith. Proposal attracts

PressNote1of2005.
19 M/sEldecoInfrastructure Inductionofforeignequitybywayofsubscribingtoand
&PropertiesLtd.,New
acquisition of equity shares and change in status from
Delhi
operatingcompanyintooperatingcumholdingcompany.
195.67
COMMERCE
20 M/sEsysInformation
To include some more trading/ manufacturing activities

inexistingactivitiesandtodothebusinessonwholesale
NoFreshInflow
basis and institutional sales. To procure some of the
itemsfromtheSmallScaleIndustries.
INDUSTRIALPOLICYPROMOTION
21 M/sVirgoEngineersLtd. Transfer of Shares from NRI to NR. The original
investmentwasnotreceivedinforeignexchangesinceat
NoFreshInflow
the time of investment the applicant was resident of
Indiaandtheshareswereissuedasbonusshares.
22 M/sParrywareRocaPvt. To increase foreign equity from 50% to 100% and
Ltd.
conversion from operating company to operating cum
741.48
23 M/sMitsui&Co(I)Pvt.
Ltd.
11.60
ToissueequitysharestosquareofftheSecuritydeposit
amount.
24 M/sG.E.GlobalSourcing Conversion of operating company to holding cum

NoFreshInflow
IndiaPvt.Ltd.
operatingcompanytomakedownstreaminvestment.
ECONOMICAFFAIRS
25 M/sA.W.FaberCastell
IndiaPvt.Ltd.
Amalgamation/mergerofcompaniesasapprovedbythe
NoFreshInflow
HighCourt.
INFORMATION&BROADCASTIN
26 M/sMacmillianIndiaLtd. Publicationofspecialtymagazine.
27 M/sMultiscreenMedia
Pvt.Ltd.
NoFreshInflow
IssueofequitysharestoresidentandNR.The100%FDI
ispermissiblethroughFIPB.
158.39
Induction of foreign equity up to 100% in a company

engaged in the activities of publishing of specialty
magazines
4.10
ECONOMICAFFAIRS
28 M/sITPPublishingIndia
Pvt.Ltd.,Mumbai
COMMERCE
29 M/sMokshayugAccess
(India)Pvt.Ltd.,
Bangalore

holding company to make downstream investment and
toestablishaWOS.
0.01
2.
TheproposalofM/sR.E.D.GranitiSPAhasbeenadvisedtoaccessautoroute.
3.
Thefollowing11(eleven)proposalshavebeendeferred:
No
1 M/sInterglobe
TosetupanewJVtoundertaketheoperationandmanagementofoneor
EnterprisesLtd.,New
moredutyfreeshops.
Delhi
2 M/sAsiaMotorworks
HoldingsLtd.,Mumbai
Inductionofforeignequitybywayofsubscribingtofullyandcompulsorily
convertible debentures and conversion of operating company into an
operatingcumholdingcompany.
3 M/sPerfectCircleIndia
Ltd.,Maharashtra
Induction of FDI up to 51% in a company engaged in manufacture of

internal combustion piston engines and other parts and accessories.
ProposalattractsPressNote1of2005.
4 M/sRussellSquare
TosetupaJVtoundertakethebusinessofAdvertising.Proposalattracts
HoldingB.V.Neetherland PressNote1of2005.
5 M/sMediacom
SettingupofaJV.
WorldwideIncorporated,
USA
6 M/sAmarUjala
PublicationsLtd.

HighcourtandinductionoffreshFDI
7 M/sTranscend
InfrastructureLtd.
Increase in FDI beyond 49% in building towers, acquiring towers or

securing management rights of towers for the purpose of leasing or
licensing the shares use of these towers to communications and
broadcasting.
Islands
Islands
10 M/sJSWInfrastructure
Ltd.,Mumbai
Expostfacto approval for having undertaken the activity of holding

company.

(India)Pvt.Ltd.,Mumbai sharesupto74%equityofthecompany
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on June 29, 2012, Government has approved 14 Proposals of Foreign Direct Investment
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 29.06.2012
Following 14 (Fourteen) proposals have been approved:
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Takshila Tech Parks & Approval has been sought for not meeting the condition of
Incubators (India) Pvt. Ltd., minimum capitalisation within six months from the
Hyderabad
commencement of business pursuant to re-classification
of the activity of the company, from Industrial
Development Park (Para 6.2.12) to Construction
Development: Townships, Housing, Built-up infrastructure.
182.50

2 M/s Rightster Limited,
London
To set up an LLP to undertake the business of providing

software development services.
0.87
FINANCIAL SERVCIES
3 M/s Abhijeet Power
Induction of foreign equity in an investing company to

674.00
4 M/s Bajaj Finserv Limited, To issue and allot equity shares to carry out the business
Pune
relating to NBFC activities directly and through
subsidiaries under Rights Issue.
100.00

5 M/s Uttam Super Brands
LLP, New Delhi
6 M/s Shasun
Pharmaceuticals Limited,
Tamilnadu
To set up an LLP with the induction of foreign equity

participation to engage in making and selling of
appliances such as breathing apparatuses/kits and fire
extinguishing equipments and carbon fibre cylinders/or
parts, consumables, components
and accessories
thereof such as valves, regulators, hoses, horns, trolley
bags etc., related thereto.
0.05
Ex post facto approval for induction of foreign equity to

carry out the activities relating to brownfield
49.99
To undertake the additional activities relating to

development of software and other allied IT enabled
services such as engineering and designing in the defence
sector.
No fresh inflow
HOME AFFAIRS
7 M/s Eurocopter India Pvt.
Ltd., Delhi

8 M/s Ramboll India Pvt.
Ltd., Hyderabad
Ex post facto approval for issuance os partly paid up

shares to carry out the business of tower engineering and
tower related services in the infrastructure segments for
both telecom and power transmission and software
development sales and services of tower design detailing.
1.85
POWER
9 M/s Bhilwara Energy Ltd

2.55
DEFENCE PRODUCTION
10 M/s Track Systems India
Private Limited, Tamil
Nadu
Induction of foreign equity to carry out the

manufacturing, assembling, marketing, trading in
defence sector
25.00
Induction of foreign equity in an investing company to

carry on the business of process outsourcing services for
clients, both domestic and offshore. Currently the
Investor company is non functional.
225.00
EXTERNAL AFFAIRS
Holdings Pte Ltd.,
Singapore/ M/s CLSA
Limited, Hong Kong

12 M/s NCBG Holdings Inc
(DCX Cable Assemblies Pvt.
Ltd.
Securities India Pvt. Ltd.
To undertake the additional activities in the defence

sector.
No inflow
Increase in foreign equity participation to carry out the

business of commodity broking and Stock broking.
81.00
TELECOMMUNICATIONS
Pvt. Ltd.
2.
Increase in foreign equity upto 74 percent and induction of

a new foreign collaborator to undertake the business of
Internet Service Provider with gateways.
182.8

No
1 M/s Tocheunglee
Stationery Manufacturing
Company Pvt. Ltd.,
Tiruvallur

Induction of foreign investment in an LLP to carry out the business of
manufacturing of Nickel Plating/ Phospating Treatment/ Metal Finishing/
other related plating process for the components related to manufacture
of Lever Arch Mechanisms, Loose Leaf Ring Metal/Metal Binders, etc.
2 M/s NYK Line (India) Ltd.,

Mumbai and M/s NYK
Auto Logistics (India) Ltd.,
Mumbai
To set up an LLP by the indirect investment by the WoSs of a foreign

company to undertake the activity of human resource management and
placement.
3 M/s Vyome Biosciences

Private Limited, Delhi


Limited, Nagpur
5 M/s Security and
(India) Pvt. Ltd., Bihar

Induction of foreign equity to carry out the business of private security
services.
6 Dr. A. Jawahar
Palaniappan, USA
Post facto approval for regularization of equity shares. The company is

engaged in the activity of printing magazines, telephone directories, text
books, etc.
7 M/s Triton Hotels and

Resorts Pvt. Ltd., Mumbai
Ex post facto approval for issuance of partly paid up shares. The company
is engaged in the business of Hospitality Services.

Systems Limited, Mumbai 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.
9 M/s Paragon Asset
Reconstruction Pvt. Ltd.,
Mumbai
Induction of foreign equity to carry out the business of Asset

Reconstruction.
10 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.
business of manufacturing and export of sutures, surgical tapes, mesh
bone wax, atraumatic needles, skin staplers and surgical gloves.
11 M/s Sutures India Private

Limited, Bangalore
12 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.

Limited, Dadar and Nagar
Haveli
Post facto approval to act as an investing company.
14 M/s Dia Vikas Capital Pvt.

Ltd., Gurgaon
Ex-post-facto approval for compliance with minimum capitalization norms

for limited period of 72 days. The company is engaged in the business of
providing financial support to various Micro Finance Institution in India.
15 M/s Cloverdell
Induction of foreign equity in an operating NBFC with downstream
Investments Ltd. Mauritius investments in companies engaged in/proposed to be engaged, inter alia,
in the business of housing finance, stock broking (including derivatives and
currency derivatives broking), depository participant service, commodity
broking and investment advisory activities.
3.
Sl.
No
1 M/s Zara Holding B.V.,
To set up a JV with 51% foreign equity participation for single brand retail
Netherlands
trading of products.
2 M/s Appu Ghar Holdings Induction of foreign equity in an investing company to make downstream
Private Limited, New Delhi investment.
3 M/s Cancer Treatment
Services Hyderabad, Pvt.
Ltd.
Ex post facto approval for capitalization of the amount spent on

incorporation of the company to carry out the business of providing
cancer treatment services.
4 M/s IHT Publishing (India) Induction of foreign equity to carry out the business of printing and
publishing of facsimile edition of foreign newspaper International Herald
Tribune.
6 M/s World Phone Internet Increase in foreign equity. The company is engaged in the business of
Services Pvt. Ltd.
Internet Service Provider and set up International Gateways.
7 M/s Veritas (India) Ltd.,
Mumbai
Post facto approval has been sought for the issue of warrants. The
company is engaged in the business of import, export, trading and
distribution of metals and chemical products, power generation.
4.
Sl.
No.
The following 3 (Three) proposals have been advised that FIPB approval is not required:
FDI/NRI
inflows
(` in crore)
1 M/s Zen Technologies
Ex-post-facto approval for regularization of 1.03 per cent
Limited, Hyderabad
of the total paid up capital of the company held in the
ratio of 0.98% by NRIs and 0.05 per cent by FIIs. The No fresh inflow
company is engaged in the business of manufacturing of
defence related equipment.
2 M/s Beam Money Pvt. Ltd., Ex post facto approval for carrying out the activities
New Delhi
relating to Information Technology Enabled Services (ITES)
No fresh inflow
and issuance and operation of Prepaid Payment
Instruments (PPIs).
3 M/s Fabindia Overseas Pvt. To change the permitted equity participation by the
Ltd.
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.
Nil
5.
Sl.
No
The following 03 (Three) proposals have been withdrawn from the Agenda:
1 M/s PAMA Machine Tools India Pvt. Ltd., New Delhi

2 M/s Maanaveeya Development & Finance Pvt. Ltd. [Earlier known as M/s
Maanaveeya Holdings & Investments Pvt. Ltd.]
3 M/s Karuturi Global Limited, Bangalore
*****
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Sd/(B.D. Barua)
Tele No.: 2309 4979
Fax No.: 23094084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 06.03.2013
Following 6 (Six) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` in crore)
ECONOMIC AFFAIRS (CM DIVISION)

1 M/s SIDBI Social
Venture Trust, Mumbai
To allot Class A units of the Fund to bring foreign

investment.
285.00

2 M/s Navayuga Road
Projects Pvt. Ltd.,
Hyderabad
To act as an investing company and to make

downstream investments in its Special Purpose
Companies.
357.60
3 M/s AirAsia Investment To set up a JV company to undertake the business of

Ltd., Malaysia
operation of scheduled passenger airlines.
80.98
4 M/s Farnair Switzerland To increase FDI in an Air Transport Business

A.G., Switzerland
Company by purchase of shares from Indian
shareholder.
1.35
CIVIL AVIATION
PHARMACEUTICALS
5 M/s AET Laboratories
Induction of additional
pharmaceutical company.
foreign
equity
in
a
5.34
DEFENCE PRODUCTION
6 M/s Bharat Electronics
Limited, Bangalore
2.
To set up a JV company to carry out the business of

Design, Development, marketing, supply and support
of civilian and select defence Radars for Indian and
global markets.
2.5
Sl.
No
1 M/s ICICI Venture

Funds Management
Company Ltd., Mumbai
2 M/s P5 Asia Holding
Investments (Mauritius)
Limited, Mauritius
3 M/s Premier Medical

Corporation Limited,
Mumbai
To bring fund from a foreign limited liability company FVCI for

making investment in the units of a Trust for making investments in
Portfolio companies in India.
NR to NR transfer of shares to carry out the business of (a)
Broadcasting a non- news and current affairs television channel
namely StarCJ alive Channel; (b) wholesale cash and carry trading
of products; and (c) creation of home shopping content for broadcast
through any and all mediums, including the channel, all within India.
Induction of foreign equity in a pharmaceutical company.
4 M/s Fullife Healthcare

Pvt. Ltd., Mumbai
Induction of foreign equity in a pharmaceutical company to carry out

the business of in-licensing, developing, getting products
manufactured from third party and out-licensing the marketing rights
of unique healthcare solution in the field of food supplements, noncritical diagnostics and pharma products.
5 M/s Barefoot Resorts & Post facto approval for issuance of partly paid up shares to carry out
Leisure India Pvt. Ltd., the business of leisure tourist resorts both on wholesome basis and on
Chennai
time share basis.
6 M/s Highdell Investment Induction of foreign equity in an investment holding company.
Ltd., Mauritius
7 M/s BF Elbit Advanced To set up a new JV company to be engaged in design, development,
Systems Pvt. Ltd., Pune manufacturing of defence related products.
3.
Sl.
No
1 M/s Prithvi Information Issue of warrants to carry out the business of end-to-end solutions in
Solutions Ltd., Andhra information technology, RF engineering and knowledge service apart
Pradesh
4.
The following 01 (One) proposal has been recommended to advise the applicant to approach
the Reserve Bank of India.
Sl. Name of the
No. applicant
1 M/s Copper Beech Request for deletion of compounding condition. The company is engaged in
Infrastructure Pvt. the business of setting up of Educational Infrastructure.
Ltd., New Delhi
5.
Sl.
No.
The following 1 (One) proposal has been advised that FIPB approval is not required:
Name of the
applicant
1 M/s Artura
Pharmaceuticals Pvt.
Ltd., Chennai
6.

Post facto approval for issuance of shares in a pharmaceutical company.

No
1 M/s Woory Automotives An operating cum investing company to make
India Pvt. Ltd., Chennai downstream investment.
7.
Sl.
No
1 M/s NA Pali Europe SARL
2 Mrs. Jayalakshmi Jagannathan
8.
Sl.
No.
Decision in the following 6 (six) proposals will be communicated separately:

Name of the
applicant
1 M/s Yes Bank

Limited, Mumbai
To increase foreign equity participation through a qualified institutional

placement (QIP) of Equity shares to eligible NRs and/or issue of GDRs
to FIIs.
2 M/s Brampton Pvt.
Clarification regarding limit on percentage of shareholding to be held
Ltd.
either by Indian partner or foreign partner for forming the joint venture
company.
3 M/s Indian Energy
Post facto approval for the issue of compulsory convertible preference
Exchange Limited,
shares and equity shares to foreign investors. The company is engaged
Mumbai
in the business of exchange of electricity.
4 M/s Sunij Pharma Pvt. Induction of additional foreign equity in a pharmaceutical company.
Ltd., Ahmedabd
5 M/s WCP Holdings
III, Mauritius
6 M/s Scripbox.com
India Pvt. Ltd.,
Bangalore
Acquisition of shares of an Indian stock exchange (NSE) from an

existing financial institution shareholder.
Indian company acting as facilitator of investments into mutual funds
(other financial Services not mentioned in the FDI policy) proposes to
receive foreign investment.
*****
F. No. 11(1)/2011-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
2.
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.

Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 15.11.2011
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` in crore)
CORPORATE AFFAIRS
1 M/s Amar
Remedies 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
No Fresh Inflow
contracting activities.
3 M/s NJS Engineers Ex-post-facto approval for transfer of shares held by NRI on nonIndia Pvt. Ltd.,
repatriation basis to a person resident outside India on a
Pune
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

Ex-post-facto approval for transfer of non-repatriable shares
Research Pvt. Ltd. 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 Lanco Group

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 Grameen
Financial 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
7 M/s SDG Software Ex-post facto approval for the allotment of partly paid up shares
India Pvt. Ltd.,
which were later made fully paid up within two month. The
Delhi
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

Fabricated Structural Products of Iron ore and Steel and
Construction and maintenance of Power Plants.
0.37
9 M/s Thomas
To set up a LLP with foreign equity of 98 per cent to undertake
Lipinski, Mr. Enrico the business of manufacturing of fabricated structural metal
Borgwardt,
products.
Germany and Mr.
Shekhar
Khanderao
Bhagwat, Mumbai
0.98
REVENUE
10 M/s DFASS TRGB
LLC, USA
11 M/s In Flight
Services
Worldwide 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.
Induction of foreign equity in an Indian company to carry out
the business of retail sale of duty free goods on international
flights.
12.5
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 FIIs. The company is engaged
in the business of trading in commodities.

13 M/s NDTV Lifestyle Increase in foreign equity upto 100 percent. The company is
Ltd.
engaged in the media industry for up-linking, producing,
distributing and broadcasting non-news and non- current affairs
TV channels.
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.
Nil
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

17 M/s Cyquator
Scheme of merger relating to company engaged in the business
Media Services
of providing back-end information technology services and sale
Pvt. Ltd., Mumbai of advertisement space in various modes of media.
Nil
ECONOMIC AFFAIRS
18 M/s Ventureast
Life Fund III LLC,
Mauritius
2.
Induction of foreign equity in a trust.

950.00

No
1 M/s Unifior Vegetables Induction of foreign equity in LLP to carry out the business of Food
LLP, Mumbai
Processing.
2 M/s Jalgaon
Mumbai
Holdings Pte Ltd.,
Singapore/ M/s CLSA
Limited, Hong Kong
Ex-post-facto approval to act as an operating cum investing company.
4 M/s Religare Capital

Markets (India) Ltd.,
Delhi
Induction of foreign equity in an investing company to carry on the business

of process outsourcing services for clients, both domestic and offshore.
5 M/s Copper Beech

Repatriation of FDI. The company is engaged in the business of educational
Infrastructure Pvt. Ltd., infrastructure.
Delhi
6 M/s Bossi Moda India
Pvt. Ltd., Delhi
Ex-post-facto approval to issue and allot equity shares against the preincorporation 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.

Coimbatore
9 M/s Omnimedia SL
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.
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 Rahimafrooz
Batteries 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 from Bangladesh.
11 M/s Flemingo Dutyfree To increase foreign equity upto 100% to carry out the business of duty free
Shop Pvt. Ltd.
shop.
12 M/s Springer India Pvt. To increase foreign equity upto 100% to carry out the business of publishing
Ltd.
and re-printing of scientific, technical, medical and other no-fiction books in
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 To undertake the additional activity relating to the business of publishing
Pvt. Ltd.
printing, reprinting, adaptation, article reprinting, repackaging, translation,
distribution of scientific, technical, medical, specialty and research
15 M/s Cordia
International Corp.,
USA
3.

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.
The following 11 (Eleven) proposals have been rejected:

No
1 M/s Bharti Shipyard
To undertake additional activities of Defence Production.
Ltd., Mumbai
3 M/s Astonfield
Renewables Pvt. Ltd.
Ex-post-facto approval for the downstream investments made and to act as

operating cum investing company. The company is engaged in the business
of providing consultancy services and marketing research.
Ex-post-facto approval for NRI investment in the company. The company is
engaged in the business of trading (export and domestic wholesale) in relief
materials.
4 M/s Techno Relief

Overseas (India) Pvt.
Ltd.
5 M/s Summit Partners
OGN (Luxco) S.C.A,
Grand Duchy
Luxembourg

providing Technical Interface/Platform between Merchants and multiple
Banks.
6 M/s Munoth GFive

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 Axiata Investments Induction of foreign equity in an Indian company engaged in the business of
2 (India) Ltd., Mauritius Telecom Service Provider.
8 M/s Amann Sewing &
Embroidery Threads
Extension of period of test-marketing. The company is engaged in the

business of Import of Sewing Threads and to sell the same to domestic end
Pvt. Ltd.
users (Test marketing).
9 M/s Indusind Media &

Communication Ltd.
(IMCL)
Conversion of CNCRPS. The company is engaged in the business of Cable

Network Distribution.
10 M/s I-Velocity India Pvt.

Ltd.
11 M/s Befesa
Ltd.
To make an amendment in clause 2 of existing FC approval to allow for

undertaking additional activities.
Ex-post-facto approval for capitalization of ` 10.00 lakh towards issue of
10,000 equity shares against the investment made by Befesa Agua SA Spain.
Construction, erection and installation of desalination plants.
6.
The following 2 (Two) proposals have been withdrawn from the agenda:
Sl.
No
M/s Ventureast Trustee Co Pvt. Ltd. (No. FC.II: 160/2007)
M/s Karuturi Global Ltd., Bangalore
7.
investment involved in the proposal is above ` 1200.00 crore:
No
1 M/s Unitech Wireless Induction of foreign equity to carry out the
(TN) Pvt. Ltd.
business of providing unified access services.
FDI/NRI inflows
(` in Crore)
8250.00
8.
The following 01 (One) proposal has been recommended for the consideration on file after the
receipt of inputs from concerned departments:
No
Transfer of shares from Resident to NR to carry out
Ltd.
the activities relating to Telecommunication.
*****
FDI/NRI inflows
(` in Crore)
2835.00
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
2.
In addition, one proposal viz., M/s Shriram Financial Ventures (Chennai) Pvt. Ltd., amounting
to ` 2000 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs.
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 01.06.2012
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` In crore)
ECONOMIC AFFAIRS
1 M/s K-Tron Asia To set up an LLP to carry out the business of wholesale selling
Pte. Ltd., Mumbai and marketing of process equipment products and parts.
0.01
FINANCIAL SERVICES
2 M/s Zooropa
Foods Private
investing company.
Limited, Haryana
100.00
MINES
3 M/s Sesa Goa
Limited, Goa

business of exploring, mining, winning, importing, and
exporting of earth and ores of all types.
Nil

4 M/s EHL Eastern
Holdings Ltd.,
Mauritius
5 M/s APF II India
Investments Pvt.
Ltd.
6 M/s JT
International (I)
Pvt. Ltd.
Transfer of shares from NR to NR. The Indian company is

engaged in Stock Exchange Business.
No inflow
Clarificatory amendment in clause 4 of the FC approval to

reflect the level Foreign equity participation.
Nil
Post facto approval for increase in the foreign equity and

either repatriation of amount received from NR investor in
anticipation of raising their equity stake with FIPB approval
which did not materialise.
Nil
ECONOMIC AFFAIRS
7 M/s Techno Relief Ex-post-facto approval for NRI investment in the company
Overseas (India) engaged in the business of trading (export and domestic
Pvt. Ltd.
wholesale) in relief materials.
Nil
FINANCIAL SERVCIES
8 M/s Gajraj
Request for deletion of compounding condition as the
Commercial Pvt. company had ceased to act as NBFC before the expiry of the
Ltd., West Bengal prescribed capitalization period.
2.
Sl.
No
Name of the
applicant
1 M/s Mahindra and

Mahindra Limited,
New Delhi
*
No fresh
inflow
As corrected .
To set up a new JV with M/s Rafael Advanced Defence System Ltd for
production and development of naval defence system and other Products*.
2 M/s Man Chung Lim

Granites India Pvt.
Ltd.
3 M/s B Braun
Singapore Pte
Limited, Singapore
Mumbai
To issue equity shares against foreign remittance made as pre-operative

expenses for security deposit and import of machinery for raising,
purchase and export of Granite stones under 100% EOU scheme.
Acquisition of shares of the company engaged in the business of life
saving intravenous fluids and ophthalmic products.
5 M/s Scribble Media

& Entertainment Pvt.
Ltd., Hyderabad
6 M/s High Mark
Credit Information
Services Pvt. Ltd.
7 M/s Arch
Pharmalabs Limited,
Mumbai
8 M/s G4S Secure
Ltd., Gurgaon

3.
Induction of foreign equity in an operating cum investing company to

carry out the business in pharmaceutical sector.
Induction of foreign equity to carry out the business of credit information

company.
business of manufacture and sale of Active Pharmaceutical Ingredients
and contract research and manufacturing services.
The following 8 (Eight) proposals have been rejected:
Sl.
No
1 M/s A2Z Waste

Management Private
Limited
3
4
Induction of foreign equity by an overseas company which is a WoS

of the Indian company to carry out the business of Waste
Management.
To issue equity shares against import of capital goods/ equipment/
machinery. The company is engaged in the business of setting up of
domestic Other Service Provider (OS) (Data Centre) for providing
various products and services to its clients/customers.
M/s VIL Media Pvt. Ltd., Induction of foreign equity to carry out the business of up-linking
Andhra Pradesh
news and current affairs TV channel.
M/s GN ReSound India
Conversion of amount payable to shareholders appearing in its
Pvt. Ltd.
books of accounts as Unsecured Loan into fully paid up equity
shares.
M/s M and C Rakindo
Ex-post-facto approval to issue and allot partly paid up shares to
carry out the business of development, construction ownership,
Coimbatore
M/s Fischer Measurement To issue shares for consideration other than inward remittances.
Technologies (India) Pvt.
Ltd., Maharashtra
M/s Shriprop Housing Pvt. Transfer of shares by the foreign investor before expiry of 3 years
Ltd. and Shriram
from the date of minimum capitalization norms.
Properties Ltd., Bangalore
M/s Spire Advisory
Confirmation regarding fulfillment of minimum capitalization
Services India Private
norms - regarding.
4.
Sl.
No
The following 03 (Three) proposals have been advised to access automatic route:
Name of the
applicant
1 M/s Estee
Commodities Pvt.
Ltd., New Delhi
2 M/s Flash Forge
Fluid Control Pvt.
Ltd., Maharashtra
3 M/s Columbia
Global Center in
India, Mumbai
Induction of foreign investment from NRIs and foreign investor

in the holding company, which is Indian owned and controlled,
to carry out the business of Commodity Broking.
pumps, compressors, taps and valves; and manufacture of parts
and accessories n.e.c for ships and boats.
Ex post facto approval for induction of FDI in a Section 25 (not
for profit) company engaged in research and associated
scholarly activities.
FDI/NRI
inflows
(` in crore)
No fresh
inflow
1.04
0.44
5.
Sl.
No
1 M/s Ramboll India Private Limited, Hyderabad
2 M/s IHT Publishing (India) Pvt. Ltd., New Delhi
6.
In respect of the following 1 (One) proposal, it is recommended that the applicant may
be advised that relaxation of the conditions would not be required in case the applicant
provides services relating to import of raw materials by another company.
Sl.
No.
Name of the
applicant
1 M/s Daewoo
Seeking an exemption from 25% of the total turnover of the
International India wholesale venture in Cash & Carry Wholesale Trading/
Pvt. Ltd., New
Wholesale Trading.
Delhi
FDI/NRI
inflows
(` in crore)
8.94
7.
In respect of the following 01 (One) proposal, it is recommended that no post facto
approval is required since the company has not engaged in broadcasting and has also deleted
reference to broadcasting from MoA.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` in crore)
1 M/s Palred Media Post facto approval for induction of foreign equity to carry out 1.91 (already
and Entertainment the business of film production and distribution of films,
received)
Pvt. Ltd.,
cinemas, motion pictures, television entertainment, animation,
(USD:
Hyderabad
internet portals, etc.
39,64,230)
8.
The following 01 (One) proposal has been recommended for the consideration of CCEA,
as the investment involved in the proposal is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
1 M/s Shriram Financial Induction of foreign equity in an investing company to

Ventures (Chennai)
Pvt. Ltd.
*****
FDI/NRI
inflows
(` In crore)
2000.00
No.11(1)/2008FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the 4th September, 2008
PRESS RELEASE
held on 26th August, 2008, Finance Minister, Shri P. Chidambaram has approved 16 Proposals of
Ministries/Departments, namely, Chemical & Petrochemicals, Commerce, Economic Affairs,
Industrial Policy & Promotion, Information & Broadcasting, Power, Urban Development, Information
Technology, and Telecommunication.
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
4.
NOTICE
request latest by 5.00 P.M. on 5th September, 2008 at FAX No. 23094084, 23092477, 23093558. No
further requests will be entertained later and the approval letters would be sent by SPEED POST.
The authorised person for collection of FC approval should carry a photo identity, a proper authority
letter, duly signed by the authorised signatory of the applicant/authorized consultant. The authority
letter should also contain a specimen signature of the authorized person. Approval letter shall not
be handed over to person without the above documents.
(Prabodh Saxena)
Director (FIPB)
23093558
26.08.2008
Following 16 (Sixteen) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)

1 M/s Biotor Industries
Ltd., Mumbai

240.00
2 M/s Euchner Industie

Beteiligungen Gmbh.,
Germany
To set up a WOS to carry out the wholesale trade in

electronic equipment and accessories. Proposal attracts
1.75
3 M/s Aran Kitchenworld

India Pvt. Ltd.
To acquire 49% equity to set up stores for single brand

retail trading.
2.45
4 M/s Celio International

Belgium
To acquire 50.01% equity for retail trading of products

12.00
COMMERCE
ECONOMIC AFFAIRS
5 M/s Marigold
International Pvt. Ltd.,
Mumbai

6 M/s JRG Securities Ltd.,

Kerala
Issuance of warrants to be converted into equity shares.
7 M/s Velley Energy

Investment Holdings
(Mauritius) Ltd.,
Mauritius
Induction of FDI by way of transfer of equity shares. The

company is engaged in commodity broking.
0.04
57.59
No Fresh Inflow

8 M/s IBN Lokmat News
To induct foreign investment (direct or indirect) up to

13% of the issued, subscribed and paid up share capital
including present indirect foreign holding in the
company by reason of foreign investments as well as
future foreign holding.
No Fresh Inflow
9 M/s BBCW Channels Pvt. To undertake downlinking and distribution of television

Ltd., Mumbai
channels in India.
No Fresh Inflow
POWER
10 M/s Athena Infraprojects Induction of foreign equity up to 49% in an investing
company in infrastructure sector.
220.00
URBAN DEVELOPMENT
11 M/s Ramky Infrastructure Post facto approval for conversion of operating company
Ltd., Hyderabad
into an operating cum holding company to make
400.00
ECONOMIC AFFAIRS
12 M/s Unistock Pvt. Ltd
(i) To take note of amalgamation, (ii) conversion of

operating company into an operating cum holding
company, and (iii) swap of shares.
No Fresh Inflow

13 M/s BBC Worldwide
(India) Pvt. Ltd
To make an amendment in the existing approval letter

for inclusion of the term downlinking.
No Fresh Inflow
14 M/s SG Securities
Singapore
To invest in/acquire 35% equity shares to carry on the

activities of Custodial Services. Proposal attracts Press
Note 1 of 2005.
28.00
15 M/s VLCC Health Care

Ltd., Delhi
Conversion of Share Warrants into equity shares and

redemption of Preference shares.
84.15
To increase foreign equity from 65.63% to 82.55% in

Telecom Sector.
781.00
ECONOMIC AFFAIRS
TELECOMMUNICATION
16 M/s Quippo Telecom
Infrastructure Ltd.
2.

No
1 M/s Universal Biofuels
(i) To incorporate and make downstream investment in subsidiaries, and
(ii) to issue and allot equity shares to eligible NonResident Investors
through participation in the IPO, and/or in the form of any PreIPO
Placement and for any preferential issue of equity shares that may be
issued by the company at a future date.
2 M/s Krishnapatnam Port Postfacto approval for the FDI already brought in under automatic route,
Co. Ltd., Hyderabad
which otherwise requires FIPB approval and to make downstream
investments in companies and/ or to establish subsidiaries in future.
3 M/s Tata Investment
To issue Zero Coupon Convertible Bonds (ZCCB) with detachable warrants
Corporation Ltd., Mumbai to the equity shareholders of the company, on a rights basis, which
includes person resident outside India.

4 M/s RISH PTE Ltd., Cock
Islands
which otherwise requires FIPB approval.
5 M/s RISH PTE Ltd., Cock

Islands
which otherwise requires FIPB approval.
6 M/s Inunit U.S. Holdings

Inc. USA
To acquire equity share capital through multiple stock market

transactions.
7 M/s Ralf Schneider

To set up a WOS. Proposal attracts Press Note 1 of 2005.
Holding Gmbh, Germany
8 M/s Asia Motorworks
Holdings Ltd., Mumbai
Induction of foreign equity by way of subscribing to fully and compulsorily

operating cum holding company.
9 M/s ABNAMRO
To enlarge the services by offering value added financial services (non
Securities (India) Pvt. Ltd. fund based) to their clients (both individual and institutional)
(India) Pvt. Ltd., Mumbai shares up to 74% equity of the company.
3.

Sl.
No
1 M/s Elken International (I) To undertake cash and carry wholesale trading for the activities for which
Pvt. Ltd.
approval for test marketing was already obtained
4.
The proposal of M/s Best Auto Ltd., New Delhi has been advised to access auto route.
5.
The proposals of M/s Aditya Birla Telecom Ltd., and M/s Daiichi Sankyo Company Ltd., Japan have
been recommended for the consideration of CCEA, as the investment involved in the proposal is above Rs.
600.00 Crore.
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
PRESS RELEASE
meeting held on 26th October, 2007, Finance Minister, Shri P. Chidambaram has approved 12
proposals related to Ministries/Departments, namely, Commerce, Industrial Policy & Promotion,
Industrial Policy & Promotion and Economic Affairs .
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
Copyto:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 5th November, 2007
Sd/( D.K. Singh )

DetailsoftheproposalsapprovedintheFIPBMeetingheldon26.10.2007
Sl.No. Nameoftheapplicant Particularsoftheproposal
COMMERCE
1. IfmElectronicgmbh,
Germany
M/s.GoldBidLtd,
Mauritius
To set up a Wholly Owned subsidiary with a

foreign equity of 100% to undertake import
and sell of factory automation products etc.,
involving sourcing of items from small scale
sectorforexport
Setting up 100% WoS to be engaged in
Production of contents and related software
for television and other media. Proposal

3 M/s.DaesungElectric TosetupanewWOSwithaforeignequityof
CO.Ltd.Korea
100% to undertake design, manufacture,
M/s.ITASMedia
PrivateLimited,Delhi
M/s.MailToday
NewspapersPvt.Ltd.
NewDelhi8
ECONOMIC AFFAIRS
6 M/s.InfoDrive
SoftwareLimited
market, distribute and sell electrical and

electronic automotive system components
includingswitches,microswitchesandrelays
for different platforms of vehicle
manufacturers.ProposalattractsPressNote1
of2005.
To set up a Joint venture with Living Media
Group, with a foreign equity of 49% to
undertake publishing of specialty magazine
AUTOBILDINDIA
Induction of foreign equity upto 26% in joint
venturewithLivingMediaGroup,inthefield
ofprintingandpublishingdailynewspapersin
theEnglishLanguage
FDI/NRIinflows
(Rs.Incrore)
6.00
0.01
8.40
2.66
18.02
Noinflow
M/s.LFPDSELtd,
Mauritius
Transfer of shares by way of share swap, to

acquire a Malaysian company engaged in IT
sector
Induction of FDI upto 5% in a company
engagedinstockexchangebusiness
M/s.CaldwellIndia
TransferofsharesofBombayStockExchange
HoldingsInc.,Mauritius held by one nonresident to another non
resident,withinthesamegroup
Noinflow
COMMERCE
9 M/s.ForeverNew
ApparelsPvt.Ltd.
Induction of foreign equity by an Australian

Company,upto51%inacompanyengagedin
retailtradeofsinglebrandForeverNew
10.61
5.10
10
M/s.TrioSportsPvt.
Ltd.
11
M/s.LaSovereign
BicylesPvt.Ltd.
Induction of foreign equity upto 33.33% in a

company proposed to be engaged in retail
trading of sports goods, apparels, lifestyle
products, garments, accessories and other
merchandizing items under the trade name
Groggy, owned by Canadian company Trio
Inc.
company proposed to be engaged in Retail
trading of Bicycles, toys, Ebikes and their
parts and accessories under the single brand
LASOVEREIGNajointIndoThailandbrand
ECONOMIC AFFAIRS
12 M/s.MillenniumIndia Induction of foreign equity in two NBFC
AcquisitionCompany
Inc.USA
0.05
0.8925
159.92
companies having subsidiaries engaged in

security market as stock broker, distribution
of mutual fund units, commodity
trading/broking, insurance broking and
merchantbanking
Total
211.6625Crore
Sl.No Nameofthe
applicant
1
M/s.Freedom
Inductionofforeignequityupto40%inacompanyengagedinthe
Opthalmic(P)Ltd. manufactureofSmallScalereserveditems.ProposalattractsPress
Note1of2005
2
M/s.B.A.G.Films Induction of foreign investment in a holding company having
andMediaLtd,
downstream investment in the companies to be engaged in up
Noida
3
M/s.B.A.G.Films Induction of foreign equity by way of issue of Foreign Currency
&MediaLimited, Convertible Bonds (FCCBs) in a holding company having
Noida
downstream investment in the companies to be engaged in up
4
M/s.KortelLtd,
Induction of FDI in an investing company in infrastructure.
Cyprus
Conversion of status of operating company into operatingcum
holding company. The proposed transfer is from a resident
companytoaoverseassubsidiaryofthesamecompany,througha
mazeofcompaniesspanningacrossseveraltaxjurisdictions
5
M/s.Singtel
Setting up of joint venture company with a foreign equity upto
AustraliaHolding 74%toundertaketelecomservices.ProposalattractsPressNote1
Pte.Ltd.
2005series
Singapore
10
11
12
13
M/s.Transcend
Infrastructure
Limited,Kalkota
M/s.Media
TransasiaIndia
Ltd.
M/s.KNOX
HoldingPte.Ltd.
Singapore
M/s.Signature
KitchesIndiaPvt.
Ltd.
M/s.SouthAsia
MultiMedia
TechnologiesLtd,
Mauritius
M/s.Bonsai
InternationalPvt.
Ltd.Mumbai
M/s.Avens
PropertiesPrivate
Limited,New
Delhi
M/s.Jalore
PropertiesPrivate
Limited,New
Delhi
Inductionofforeignequityupto50%inacompanyengagedinthe
activities of IPI category services. Proposal also attracts Press
Note1of2005series
Conversion of operating company into operating cum holding
company, for downstream investment in publication of specialty
magazine.
Transfer of shares held by an OCB by way of sale by a foreign
investor. The promoters of the Indian Company and the new
foreigninvestorsaresame.
InductionofFDIupto32%inacompanyproposedtobeengagedin
retailtradingunderSingleBrandSignatureKitchen
Induction of foreign equity in a company engaged in FM
Broadcastingservices
InductionofFDIupto31.67%inaninvestingcompany
InductionofFDIinaninvestingcompanytomakeInvestmentsin
activity.
InductionofFDIinaninvestingcompanytomakeInvestmentsin
activity.
The proposal of M/s. Global Assets Holding Corporation Private Limited, Mumbai has been
withdrawn from the agenda on the request of the applicant to furnish additional/more
informationontheproposal.
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe26thNovember,2008
PRESSRELEASE
heldon18thNovember,2008,FinanceMinister,ShriP.Chidambaramhasapproved32Proposalsof
Ministries/Departments, namely,Commerce,Economic Affairs, Information & Broadcasting, Mines,
Road Transport & Highways, Telecommunication, Industrial Policy & Promotion, Power, Urban
Development,andShipping.
Sd/
(P.K.Bagga)
OSD(CM&I)
23094172
To
(ShriB.S.Chauhan)
MinistryofFinance

Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)

18.11.2008
Following32(Thirtytwo)caseshavebeenapproved.
No.
FDI/NRIinflows
(Rs.InCrore)
COMMERCE
1 M/sA.Y.N.Accessories
TradingLtd.,(2)M/s
BODOJagdbergHong
KongLtd.,HongKong
Induction of FDI to undertake trading and export of

accessoriesofitemssourcedfromsmallscalesector.
2 M/sAllerganInc.USA
To set up a WoS to carry out B2B sale. The proposal

3 Mr.PawanSukhdev
TransferofsharestoNRIinTeaplantationsector.
0.50
0.51
1.95
ECONOMICAFFAIRS
4 M/sReid&Tailor(India) Toallotandissueequityshareswarrants.
Ltd.,Mumbai
5 M/sIL&FSWaste
Management&Urban
ServicesLtd.,NewDelhi
To induct FDI in an Indian company having existing

downstreamventures.
6 M/sOrientalStructural Transferofsharestosetupaholdingcompany.
EngineersPvt.Ltd.,New
Delhi
108.33
5.33
450.00
7 M/sOilIndiaLtd.,Noida Conversionofoperatingcompanyintoanoperatingcum
holdingcompanyandIPOissue.
Notindicated
8 M/sSequoiaCapitalIndia Induction of FDI in holding cum operating company

InvestmentsIIIMauritius engaged in the Insurance sector and to allot
CompulsorilyConvertiblePreferenceShares.
9.52
9 M/sTrueDevelopersPvt. Conversionofoperatingcompanyintoanoperatingcum
Ltd.,Chennai
holding company to make further downstream NoFreshInflow
investment.
10 M/sTransUnion
InternationalInc.USA
To purchase and acquire fully paid up equity shares to

investinCreditInformationCompanies.
2.49
11 M/sA.L.L.ServicesUnder Post Facto approval for conversion of operating

1Roof(I)Pvt.Ltd.,
company into an operating cum holding company to NoFreshInflow
make further downstream investment. The proposal
Mumbai
alsoattractsPressNote1of2005.
12 M/sMorganStanleyIndia Conversionofoperatingcompanyintoanoperatingcum
CapitalPvt.Ltd.,Mumbai holding company to make further downstream NoFreshInflow
investmenttocarryouttheprimarydealershipactivities.
13 M/sAmtechSoftware
Pvt.Ltd.,Delhi
investment.
14 M/sORGInformaticsLtd., PostFactoapprovalforissueofequitysharewarrants.
Gurgaon
15 M/sADEATechnologies
Pvt.Ltd.,Secunderabad
16 Dr.OetkerIndiaPvt.Ltd. Conversionofoperatingcompanyintoanoperatingcum
Mumbai
investment.
25.00
7.19
NoFreshInflow
110.40
17 M/sTelevisionEighteen
IndiaLtd.
ToLaunchthreenewregionalbusinessnewschannels.
18 M/sConnoisseur
PublishingPvt.Ltd.,
Bangalore
ToinductFDIupto100%inprintmediasector.
19 M/sReedElsevier
OverseasB.V.,
Netherlands
Induction of foreign equity by way of equity shares/

compulsoryconvertiblepreferenceshares/compulsorily
convertible debentures to undertake the additional
activitiesofpublishingofspecialtymagazines.
0.05
20 M/sHill&Knowlton,
Singapore
TosetupaWoS.TheproposalattractsPressNote1of
2005.
0.10
To subscribe and hold equity shares of a company

proposed to be incorporated pursuant to joint venture
agreement.TheproposalattractsPressNote1of2002.
2.20
NoFreshInflow
0.01
MINES
21 M/sLaviosaChimica
MinerariaS.P.A.Italy
ROADSTRANSPORT&HIGHWAYS
22 M/sVijaywadaTollway
Pvt.Ltd.,Hyderabad
Inductionofforeignequityinacompany.Theproposal
15.00
23 M/s.Cholamandalam
DBSFinanceLtd.
Postfactoapprovalforallotmentofwarrantstoexisting
NoFreshInflow
nonresidentshareholders.
24 M/s.VijayTelevisionPvt. Tomakedownstreaminvestmentinacompanyengaged
NoFreshInflow
Ltd.
inUplinkingaNonNewscurrentaffairTVchannels.
25 M/s.StarIndiaPvt.Ltd.
To undertake Uplinking and down linking of channels

NoFreshInflow
andtransferofsharestoNonResidentshareholders.
ECONOMICAFFAIRS
26 M/s.GallagherMautitius TransferofsharesbywayofshareswapinITsector.
Holdings,Mauritius
27 M/s.PridhviAsset
Reconstructionand
SecuritizationCompany
Issue of shares to NRIs. The company is engaged in

AssetReconstructionandSecuritisationactivities.
NoFreshInflow
30.00
28 M/s.YellowfinHoldings To set up a WOS to carry out the activity of publishing
Ltd.,Mauritius
printed magazines (not being newspapers and
periodicalsdealingwithnewsandcurrentaffairs).
0.01
TELECOMMUNICATION
29 M/s.XCELTelecomPvt.
Ltd.
Transfer of shares from NonResident to another Non

ResidentintheTelecomsector.
NoFreshInflow
TosetupaWoStocarryouttherentingofconstruction
ofdemolitionequipment.
2.00
URBANDEVELOPMENT
30 M/s.DrillmecS.R.L.
Spain
31 M/s.FederalMogulCorp To set up a new WOS to undertake Manufacture,
distribution and sale of sealing products and gaskets.
74.87
SHIPPING
32 M/s.CMACGMAgencies Postfactoapprovalforconversionofoperatingcompany
Worldwide
intoanoperatingcumholdingcompanytomakefurther
downstreaminvestment
2.
Thefollowing4(Four)proposalshavebeendeferred:
No
1 M/sGSRSugarsPvt.Ltd., Toissueshareoptionconvertibleintoequityshares.
Hyderabad
0.24
2 M/sLokmatNewspapers (i)InductionofFDIinacompanyengagedinPrintMedia,(ii)Conversion
Pvt.Ltd.,Mumbai
of operating company into an operating cum holding company to make
further downstream investment, and (iii) allotment of additional shares
pursuanttotheSchemeofdemergerofthepublicationbusinessthrough
aschemeofdemergertobeapprovedbytheHonbleBombayHighCourt.
3 M/sPrithviPrakashan
Pvt.Ltd.,Mumbai
To invest by subscribing to fresh equity shares and by acquiring existing

equity shares in the business of printers and publishers of newspapers,
magazines and periodicals, journals books and works and FM
Broadcasting.
4 M/sDowJones&
CompanyInc.,USA
To make a WoS to carry out the publishing of facsimile editions of

newspapers.
3.
Thefollowing3(Three)proposalhasbeenrejected:
Sl.
No
Nameoftheapplicant
1 M/s.Nagarjuna
ConstructionCo.Ltd.
TomakeamendmentintwoclausesoftheFCapprovalletter.
2 M/s.InuitU.S.Holdings
Inc.USA
To acquire equity share capital through multiple stock market

transactions.
3 M/s.DelightInvestments InductionofforeignequityintwoIndiancompaniesandtoconverttheir
PteLtd.,Singapore
4.
Thefollowing2(Two)proposalshavebeenwithdrawnfromtheAgenda.
Sl.No
Nameoftheapplicant
M/s.AnsalProperties&InfrastructureLtd.,NewDelhi
M/s.JaipurMahuaTollwayPvt.Ltd.,Rajasthan
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 18.01.2010
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
CIVIL AVIATION
1 M/s Celebi Hava Servisi
A.S, Turkey
To acquire 74% equity shares of a company engaged in

Ground Handling Services. The proposal attracts Press
Note 1 of 2005.
0.0074
CONSUMER AFFAIRS
2 M/s Aginyx Enterprises
Ltd., Cyprus
Acquisition of equity shares, from NR to NR, of Multi

Commodity Exchange of India Limited engaged in the No Fresh Inflow
business of future trading in commodities.
DEFENCE PRODUCTION
To undertake additional activity of development of
India Pvt. Ltd., Bangalore software and other allied IT enabled services such as
No Fresh Inflow
engineering and designing in the defence sector and
export to various international customers.
ECONOMIC AFFAIRS
4 M/s Isolux Corsan
Concessions Cyprus
Limited, Cyprus
To set up a WOS in India as an Investing Company for

downstream investment in another Indian company
mainly to invest in the development of infrastructure
projects in India.
2.00

5 M/s Macquarie India
Infrastructure
Management Holdings
Pte. Ltd., Singapore
To make investment in the units of Fund.

0.0045
TELECOMMUNICATION
(Tamilnadu) Pvt. Ltd.,
Delhi
To act as an operating cum investing company by

holding
100%
shares
to
undertake
National/International Long Distance Services
No Fresh Inflow

7 M/s K.S. Oils Ltd.

The company is engaged in the manufacturing of
hydrogenated oils, vanaspati ghee, vegetable oils and
fats, Power generation-wind mills
Nil
ECONOMIC AFFAIRS
8 M/s Standard Chartered To increase FDI from 74.9% to 100% in the company
Bank
engaged in equity broking investment banking, portfolio
management. The proposal attracts Press Note 1 of
2005.
205.95
FINANCIAL SERVICES
9 M/s Asset
To increase FDI from 14.66% to 16.01% in a company
Reconstruction Company engaged in the Asset Reconstruction activities.
(India) Ltd (Arcil)
272.86

10 M/s NDTV Imagine Ltd.
11 M/s NDTV Lifestyle Ltd.
Transfer of 100% equity from NR to NR to carry out uplinking/broadcasting of non-news and non-current
Addition of foreign collaborator and issue of fresh
equity to carry out up-linking/broadcasting of non-news
and non-current affairs television channels.
Not indicated
251.75

12 M/s Sahara One Media
and Entertainment Ltd.
To delete one of the condition of the FC approval.

Nil
POWER
13 M/s Wartsila India Ltd.
To make downstream investment from internal accruals

in a project company.
Nil
ECONOMIC AFFAIRS
14 M/s Kirkstone India Pvt. To issue shares against the pre-incorporation expenses.
Ltd., Delhi
2.
Sl.
No
No Fresh Inflow

1 M/s Putzmeister
Ex-post facto approval for setting up of WOS to undertake manufacturing,
Concrete Pumps GmbH, marketing and sale of concrete pumps, other related products and
Germany
rendering related after- sales services. The proposal attracts Press Note 1
of 2005.
2 M/s Arkadin SAS, France Acquisition of equity stake up to 60% in the paid up share capital of a
3 M/s Etisalat DB Telecom Transfer of shares from Resident to Non-Resident of a company engaged
Private Limited, Mumbai in the Telecom Sector.
4 M/s Shree Ram Urban
Mumbai
Network Pvt. Ltd.
6 M/s Walt Disney
Company (I) Pvt. Ltd.
To issue and allot warrants on preferential basis to the identified foreign

investors to carry out Infrastructure, development of land and
construction of buildings.
To enhance the FDI to 74% by issue of Compulsorily Convertible
Debentures (CCDs) and equity shares to existing foreign investors and new
foreign investors.
To undertake additional activity of printing and publication of a speciality
magazine.
7 M/s Verizon
Pvt. Ltd.
8 M/s Visa Infrastructure
Ltd., Kolkata

9 M/s Bharat Oman

10 M/s Telcordia
To issue shares for consideration other than cash.
3.

No
1 M/s Ascendas IT Park
Ex-post facto approval for issue of partly paid equity shares to undertake
(Pune) Pvt. Ltd., Pune
the development of Special Economic Zone.
2 M/s Geomysore Services Ex-post facto approval for issue of partly paid convertible options.
(India) Pvt. Ltd.
3 M/s Telstra
To issue fresh equity shares for increasing FDI from 49% to 74% in a
Telecommunications Pvt. company engaged in the telecom services.
Ltd., Mumbai
4 M/s Global Holding
4.
The following 2 (Two) proposals have been withdrawn by the applicant.

Sl.
No
FDI/NRI
inflows (Rs. In
Crore)
1 M/s Unitech Limited,

Gurgaon
waiver of the lock in requirement under clause b(ii) of

press note 2 of 2005 (series).
2400.00
2 M/s Mercer Inc. New

York
To set up a JV company in the insurance sector. The

proposal attracts PN 1 of 2005.
Not indicated
5.
FDI/NRI
No
inflows (Rs. In
Crore)
1 M/s India Infrastructure To issue units to FUND.
Development Fund Ltd.,
2500.00
*****
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
2.
In addition, one proposal viz., M/s Ingka Holding Overseas B.V., amounting to ` 10500 crore,
has been recommended for consideration of Cabinet Committee on Economic Affairs.
Sd/((B.D. Barua)
Tele No.: 2309 4979
Fax No.: 23094084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 21.01.2013
Following 09 (Nine) proposals have been approved.
Sl.
No.
FDI/NRI inflows
(` in crore)
FINANCIAL SERVICES
1 M/s Mahindra Insurance Induction of foreign equity to carry out the business
Brokers Ltd., Mumbai; of Insurance Broking.
and M/s Mahindra &
Mahindra Financial
Services Ltd., Mumbai
80.41
PHARMACEUTICALS
2 M/s Cordlife Sciences
(India) Private Limited,
Kolkata
Post facto approval for NR to NR transfer of shares

and issuance of fresh CCPS in the pharmaceutical
sector.
6.11
REVENUE (DGEP)
3 M/s Lagardere Services
Singapore
To set up an investing holding JV company.

53.87

4 M/s Pfizer Ltd.
Deletion of compounding clause. The company is

engaged in the pharmaceutical sector.
Nil
CORPORATE AFFAIRS
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.
47.85
DEFENCE PRODUCTION
6 M/s Mahindra and
Mahindra Ltd
To amend the para 1 and 4 of the FC approval. The

company is engaged in the business of to develop,
manufacture and provide service support for radar
systems and various kinds of defence electronic
systems and various kinds of defence electronic
systems.
Nil
HOME AFFAIRS
7 M/s Security and
(India) Pvt. Ltd., Bihar

of private security services.
82.90

8 M/s Multi Screen Media Induction of foreign equity to carry out the business
Pvt. Ltd.
of production of television programmes in India
languages primarily for export, sale and distribution
of Indian language audio visual production.
545.00
9 M/s Wire and Wireless

(I) Limited
2.
To issue warrants to carry out the business of Cable

Network Business.
324.00

Sl.
No
1 M/s NSE Industries,

France
Induction of foreign equity to undertake the business of manufacture

and servicing of products having defence applications.
2 M/s AWS Truepower

LLC, USA
Induction of foreign equity to carry out the business of consultancy

services.

Communications AS,
Norway
4 M/s Maharashtra
Transmission
Communication
Mumbai
and Offshore
Engineering Company
Ltd.
6 M/s Hindustan CocaCola Holdings Pvt. Ltd.
To set up a JV company in telecom sector.
Post facto approval for issuance of FDI compliant instruments to an

Indian company having foreign equity participation and other foreign
investors to undertake the business of providing telecom services in
the IP Category I.
A defence sector company, which has 26 percent foreign equity

participation (provisional approval) including for issuance of FCCBs
has sought amendment in FC approval and issuance of shares to an
identified foreign investor.
To extend the tenor of the investments made downstream by way of
redeemable preference shares and approval for FDI inducted in the
holding company during 2010-2011.
7 M/s Dorma India Pvt. A wholly foreign owned subsidiary engaged in the business of
Ltd.
assembling and wholesale trading of automatic door closers is
seeking removal of the original FIPB approval condition of
disinvestment.
8 M/s Calyx Chemicals & To issue IPO to investors including foreign investors to carry out the
Pharmaceuticals Ltd.
business of pharmaceutical sector.
9 M/s Bharat Electronics To set up a JV company to carry out the business of Design,
Limited, Bangalore
Development, marketing, supply and support of civilian and select
defence Radars for Indian and global markets.
10 M/s Abicor Binzel
Post facto approval for the conversion of overseas loan and interest
Production (India) Pvt. into share application money and issue of shares to NR to carry out
Ltd., Pune
the business of manufacturing of welding torches.
11 M/s Greycells
To issue warrant to carry out the business of educational services
Education Ltd.
institutions.
3.

Sl.
No
1 M/s Yorkshire India

LLP, Mumbai
Induction of foreign equity to carry out the business of importing,

exporting, buying, selling and distribution of Chemicals, biotech and
allied industrial products on B2B basis.

Pvt. Ltd.
Increase in FDI percentage in investing company by way of transfer

of shares from Resident to Non-resident.
4.
The following 04 (Four) proposals were withdrawn from the Agenda:
Sl.
No
1 M/s AGS Transact Technologies Limited, Mumbai
2 M/s NREC Railway Equipments India Private Limited, Delhi
3 M/s Pharmaceutical Coatings Pvt. Ltd., Maharashtra
4 M/s Sterlite Networks Ltd.
5.
The following 01 (One) proposal was withdrawn from the Agenda on the request of the
applicant:
Sl.
No
1 M/s Samara Capital Partners Funds Limited, Mauritius
6.
The following 01 (One) proposal has been recommended for the consideration of CCEA, as
the investment involved in the proposals is above ` 1200.00 crore.
Sl. Name of the
No
applicant
1 M/s Ingka
To set up a wholly owned subsidiary to undertake
Holding
single brand retailing of IKEA products.
Overseas B.V.
*****
FDI/NRI inflows
(` in crore)
10500.00
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe27thApril,2009
PRESSRELEASE
held on 20th April, 2009, Government has approved 22 Proposals of Foreign Direct Investment
namely, Chemical & Petrochemicals, Commerce, Economic Affairs, Industrial Policy & Promotion,
Information & Broadcasting, Power, Urban Development, Information Technology, and
Telecommunication.
(PrabodhSaxena)
Director(FIPB)
23093558
To
(ShriB.S.Chauhan)
MinistryofFinance

Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)

20.04.2009
Following22(Two)proposalshavebeenapproved.
No.
FDI/NRIinflows
(Rs.InCrore)
ECONOMICAFFAIRS
1 M/sAnantRajIndustries Expost facto approval for issuance of warrants
Ltd,NewDelhi
convertedintoequityshares.
90.24
2 M/sGatiLtd,
Secunderabad
Expost facto approval for allotment/ conversion of

convertiblewarrantsintoequityshares.
22.74
3 M/sYashTechnologies
Inc.USA
Transfer of shares from erstwhile OCB to Foreign

NoFreshInflow
Investor.
4 M/sFortisHealthcare
Ltd,NewDelhi
IssueandallotmentofWarrantsconvertibleintoequity
shares.
5 M/sBronxProcess
Engineering(P)Ltd,
Gurgaon
Postfactoapprovalforissuanceofpartlypaidupshare
capital.
6 M/sElectrosteelCastings Postfactoapprovalforissuanceofconvertiblewarrants.
Ltd,Kolkata
13.49
0.14
157.47
HOMEAFFAIRS
7 M/sXcelTelecomPvtLtd. Transfer of shares from NR to NR to carry out the
NoFreshInflow
activitiesintheTelecomSector.
8 M/sHiBuildCoatingsPvt TomakeamendmentintheFCapproval.
Ltd.
NoFreshInflow
9 M/sWaltDisneyCo(I)
PvtLtd.
Toundertaketheadditionalactivities,viz.,(i)businessof
home entertainment, and (ii) business of printing and NoFreshInflow
publishing.
10 M/sSouthAsiaFMLtd.
To increase the foreign direct equity participation by

way of subscribing to fresh equity shares or by way of
purchase of existing equity shares or by a combination
of both. The Company is engaged in the FM radio
broadcastingservices.
Notindicated
INFORMATION&TECHNOLOGY
11 M/sWebex
CommunicationsIndia
PvtLtd.
To issue shares against the credit balance due towards

thecompanybytheforeigncollaborator.
NoFreshInflow
TELECOMMUNICATION
12 M/sPremierChemcoPvt Transfer of shares from Resident to Nonresident in
Ltd.
TelecomSector.
Notindicated
TOURISM
13 M/sFourSeasonsHotels TomakeamendmentintheFCapproval.
Ltd.
NoFreshInflow
COMMERCE
14 M/sComecerS.P.A.Italy TosetupaWOSforundertakingtheactivitiesoftrading
ofitemssourcedfromsmallsectorandTestmarketing.
18.00
DEFENCEPRODUCTION
15 M/sMELSystemsand
ServicesLtd.,Chennai
To engage in the manufacture of defence related

NoFreshInflow
activities.
ECONOMICAFFAIRS
16 M/sAkarInfoMediaPvt. Induction of foreign equity by issuing and allotting
Ltd.,Ahmedabad
equity shares to carry out the activity of publishing of
technicalmagazines.
17 M/sDSPTechnology
IndiaPvt.Ltd.,Bangalore
0.66
NoFreshInflow
18 M/sNoidaSoftwares
TechnologyLtd.
intoanoperatingcumholdingcompanytomakefurther NoFreshInflow
downstreaminvestment.
TELECOMMUNICATION
19 M/sTikonaDigital
NetworksPvt.Ltd.,
Mumbai
Induction of foreign investment by issuing CCDs and

equitysharestoundertakedeveloping,establishingand
operatinginfrastructureasaCategoryAInternetService
Provider.
20 M/sChorusCall
ConferencingServices
IndiaPvtLtd.
ToincreasetheFDIfromexisting51%to74%ofthepaid
upcapitalofthecompanyintelecomsector.
237.26
1.00
COMMERCE
21 M/sNokiaCorporation
To set up a JV with 51% participation by way of equity

shares/
compulsorily
convertible
debentures/
compulsorily convertible preference shares for retail
tradingofproductsunderthesinglebrand.
0.25
22 M/sYamahaMotorIndia Transfer of business operations to a company engaged

SalesPvt.Ltd.
in the business of manufacture, sale, import & exports NoFreshInflow
ofmotorcycles,biwheelersandpartsthereof.
2.
Thefollowing6(Six)proposalshavebeendeferred:
No
1 M/sOrtusInfrateland
HoldingsPvt.Ltd.,New providers (CategoryI) and conversion of operating company into
Delhi
operatingcumholdingcompanytomakedownstreaminvestments.
2 M/sInformationTech
Park,Bangalore
Buyback of built up space constructed by the company itself under the

IndustrialParkPolicyandleasingoutthesametoclients.
3 M/sQuippoTelecom
InfrastructureLtd.(QTIL) make downstream investments and demerger of passive telecom
infrastructurebusinessapprovedbytheHighCourtofAndhraPradesh.
4 M/sHPIndiaHoldings
Ltd,Mauritius
To set up a JV company to undertake developing, owning and operating

hotelsinvariouscitiesandmarketsinIndia.TheproposalattractsPress
Note1of2005.
5 M/sUnitedBreweries
(Holdings)Limited,
Bangalore
Expostfactoapprovalfor(i)issueoffullyconvertibleequitywarrants,(ii)
for allotmentoffullypaidupequitysharesonconversionofconvertible
equitywarrants,and (iii) foractinganoperatingcuminvesting company
formakingdownstreaminvestment.
6 M/sWorldSpace(I)Pvt. Toprovide/undertaketheactivitiesofwebbasedservices.
Ltd.
3.
Thefollowing2(Two)proposalhasbeenrejected:
Sl.
No
Nameoftheapplicant
1 M/sIndiumIV(Mauritius) TomakeinvestmentintheunitsofFund.
HoldingsLtd,Mauritius
2 M/sAlKhaleejSugar
InternationalLtd.
ToreviewandamendoftheclausesoftheFCapproval.
4.
Sl.
No
Thefollowing2(Two)proposalshavebeenadvisedtoaccessautomaticroute:
Nameoftheapplicant
FDI/NRIinflows
(Rs.InCrore)
1 M/sSandurPower
Expost facto approval for conversion of operating
CompanyLtd,Bangalore company into an operating cum holding company to NoFreshInflow
makefurtherdownstreaminvestment.
2 M/sCobolTechnologies Conversionofoperatingcompanyintoanoperatingcum
PvtLtd
holding company and issue of Zero Coupon Fully
convertibleDebentures.
150.35
(30,050,000
USD)
5.
Sl.
No
Thefollowing01(One)proposalhasbeenrecommendedfortransferofthecasetoDIPP(PAB):
Nameoftheapplicant
1 M/sHiltonInternational TomakeamendmentintheFCapproval.
Company
FDI/NRIinflows
(Rs.InCrore)
NoFreshInflow
6.
Thefollowing01(One)proposalhasbeenrecommendedtoadvisetheapplicanttoapproachthe
Regulator:
Sl.
No
Nameoftheapplicant
1 M/sBarclaysInvestments Additionalitemsbeingundertaken.
&Loans(India)Ltd
*****
FDI/NRIinflows
(Rs.InCrore)
NoFreshInflow
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
2.
In addition, one proposal viz., M/s Shriram Financial Ventures (Chennai) Pvt. Ltd., amounting
to ` 2000 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs.
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 01.06.2012
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` In crore)
ECONOMIC AFFAIRS
1 M/s K-Tron Asia To set up an LLP to carry out the business of wholesale selling
Pte. Ltd., Mumbai and marketing of process equipment products and parts.
0.01
FINANCIAL SERVICES
2 M/s Zooropa
Foods Private
investing company.
Limited, Haryana
100.00
MINES
3 M/s Sesa Goa
Limited, Goa

business of exploring, mining, winning, importing, and
exporting of earth and ores of all types.
Nil

4 M/s EHL Eastern
Holdings Ltd.,
Mauritius
5 M/s APF II India
Investments Pvt.
Ltd.
6 M/s JT
International (I)
Pvt. Ltd.
Transfer of shares from NR to NR. The Indian company is

engaged in Stock Exchange Business.
No inflow
Clarificatory amendment in clause 4 of the FC approval to

reflect the level Foreign equity participation.
Nil
Post facto approval for increase in the foreign equity and

either repatriation of amount received from NR investor in
anticipation of raising their equity stake with FIPB approval
which did not materialise.
Nil
ECONOMIC AFFAIRS
7 M/s Techno Relief Ex-post-facto approval for NRI investment in the company
Overseas (India) engaged in the business of trading (export and domestic
Pvt. Ltd.
wholesale) in relief materials.
Nil
FINANCIAL SERVCIES
8 M/s Gajraj
Request for deletion of compounding condition as the
Commercial Pvt. company had ceased to act as NBFC before the expiry of the
Ltd., West Bengal prescribed capitalization period.
2.
Sl.
No
Name of the
applicant
1 M/s Mahindra and

Mahindra Limited,
New Delhi
*
No fresh
inflow
As corrected .
To set up a new JV with M/s Rafael Advanced Defence System Ltd for
production and development of naval defence system and other Products*.
2 M/s Man Chung Lim

Granites India Pvt.
Ltd.
3 M/s B Braun
Singapore Pte
Limited, Singapore
Mumbai
To issue equity shares against foreign remittance made as pre-operative

expenses for security deposit and import of machinery for raising,
purchase and export of Granite stones under 100% EOU scheme.
Acquisition of shares of the company engaged in the business of life
saving intravenous fluids and ophthalmic products.
5 M/s Scribble Media

& Entertainment Pvt.
Ltd., Hyderabad
6 M/s High Mark
Credit Information
Services Pvt. Ltd.
7 M/s Arch
Pharmalabs Limited,
Mumbai
8 M/s G4S Secure
Ltd., Gurgaon

3.
Induction of foreign equity in an operating cum investing company to

carry out the business in pharmaceutical sector.
Induction of foreign equity to carry out the business of credit information

company.
business of manufacture and sale of Active Pharmaceutical Ingredients
and contract research and manufacturing services.
The following 8 (Eight) proposals have been rejected:
Sl.
No
1 M/s A2Z Waste

Management Private
Limited
3
4
Induction of foreign equity by an overseas company which is a WoS

of the Indian company to carry out the business of Waste
Management.
To issue equity shares against import of capital goods/ equipment/
machinery. The company is engaged in the business of setting up of
domestic Other Service Provider (OS) (Data Centre) for providing
various products and services to its clients/customers.
M/s VIL Media Pvt. Ltd., Induction of foreign equity to carry out the business of up-linking
Andhra Pradesh
news and current affairs TV channel.
M/s GN ReSound India
Conversion of amount payable to shareholders appearing in its
Pvt. Ltd.
books of accounts as Unsecured Loan into fully paid up equity
shares.
M/s M and C Rakindo
Ex-post-facto approval to issue and allot partly paid up shares to
carry out the business of development, construction ownership,
Coimbatore
M/s Fischer Measurement To issue shares for consideration other than inward remittances.
Technologies (India) Pvt.
Ltd., Maharashtra
M/s Shriprop Housing Pvt. Transfer of shares by the foreign investor before expiry of 3 years
Ltd. and Shriram
from the date of minimum capitalization norms.
Properties Ltd., Bangalore
M/s Spire Advisory
Confirmation regarding fulfillment of minimum capitalization
Services India Private
norms - regarding.
4.
Sl.
No
The following 03 (Three) proposals have been advised to access automatic route:
Name of the
applicant
1 M/s Estee
Commodities Pvt.
Ltd., New Delhi
2 M/s Flash Forge
Fluid Control Pvt.
Ltd., Maharashtra
3 M/s Columbia
Global Center in
India, Mumbai
Induction of foreign investment from NRIs and foreign investor

in the holding company, which is Indian owned and controlled,
to carry out the business of Commodity Broking.
pumps, compressors, taps and valves; and manufacture of parts
and accessories n.e.c for ships and boats.
Ex post facto approval for induction of FDI in a Section 25 (not
for profit) company engaged in research and associated
scholarly activities.
FDI/NRI
inflows
(` in crore)
No fresh
inflow
1.04
0.44
5.
Sl.
No
1 M/s Ramboll India Private Limited, Hyderabad
2 M/s IHT Publishing (India) Pvt. Ltd., New Delhi
6.
In respect of the following 1 (One) proposal, it is recommended that the applicant may
be advised that relaxation of the conditions would not be required in case the applicant
provides services relating to import of raw materials by another company.
Sl.
No.
Name of the
applicant
1 M/s Daewoo
Seeking an exemption from 25% of the total turnover of the
International India wholesale venture in Cash & Carry Wholesale Trading/
Pvt. Ltd., New
Wholesale Trading.
Delhi
FDI/NRI
inflows
(` in crore)
8.94
7.
In respect of the following 01 (One) proposal, it is recommended that no post facto
approval is required since the company has not engaged in broadcasting and has also deleted
reference to broadcasting from MoA.
Sl.
No.
Name of the
applicant
FDI/NRI
inflows
(` in crore)
1 M/s Palred Media Post facto approval for induction of foreign equity to carry out 1.91 (already
and Entertainment the business of film production and distribution of films,
received)
Pvt. Ltd.,
cinemas, motion pictures, television entertainment, animation,
(USD:
Hyderabad
internet portals, etc.
39,64,230)
8.
The following 01 (One) proposal has been recommended for the consideration of CCEA,
as the investment involved in the proposal is above ` 1200.00 crore.
Sl.
No
Name of the
applicant
1 M/s Shriram Financial Induction of foreign equity in an investing company to

Ventures (Chennai)
Pvt. Ltd.
*****
FDI/NRI
inflows
(` In crore)
2000.00
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 3rd August, 2007.
PRESS RELEASE
in its meeting held on 27th July, 2007, Finance Minister, Shri P. Chidambaram has
575.83 crore. The proposals related to Ministries/Departments, namely, Chemicals &
Petrochemicals, Commerce, Information & Broadcasting, Telecommunications and
Economic Affairs. The major investment proposals pertain to the Ministries/Departments
of Chemicals and Petrochemicals, Commerce, Information & Broadcasting and
Economic Affairs
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
NOTICE
on 6th August, 2007 at Fax No.2309 4084/2309 2477. No further
requests will be entertained later and the approval letters would be
sent by SPEED POST.
Sd/( D.K. Singh )

PROPOSALSAPPROVEDINTHEFIPBMEETINGHELDON27.7.2007
Sl.No.Nameoftheapplicant
COMMERCE
1. M/s.MitsubishiHeavy
IndustriesLtd,Japan
FDI/NRI
inflows(Rs.
Incrore)
TosetupanewJointVenturecompanyto
37.35
undertakemanufacture,import,marketing,
selling,distributionandservicingofdiesel
enginesandpartsandcomponentsthereof.
2 M/s.CompleteWellbeing
Inductionofforeignequityupto100%andto 0.95
PublishingPvt.Ltd.Mumbai undertaketheactivitiesofpublishingpopular,
technicalandscientificperiodicalinthearea
ofHealthHygiene,beauty&wellbeing
ECONOMIC AFFAIRS
3 M/s.YugaHomesLtd.
NRIinvestmentuptoRs.255.00lakhonnon 2.55
repatriablebasisinapartnershipfirm
engagedintheDevelopmentofresidential
apartments.
4 M/s.HumanValueDevelopers Conversionofoperatingcompanyintoa
235
PrivateLimited,Mumbai
operatingcumholdingcompanytomake
downstreaminvestmentinacompany
engagedinthebusinessofstockbrokingand
alsoprovidingvariousotherfinancial
productsandservicestoretailfinancial
investors
5 M/s.Cox&Kings(India)Pvt. Transferofsharesbywayofshareswap.The 1.0413
Ltd.,Kolkata
companyisengagedinthetourandtravel
business
6 M/s.AxisRiskConsulting
Transferofsharesbywayofshareswap.The 2.00
ServicesPvt.Ltd.Mumbai
companyisengagedinprovidingrisk
consultingandgovernancerelatedservices
7 M/s.MTVIndiaPvt.Ltd.
Securingadvertisementforanddistribution 202.00
ofitschannelsonvariousplatform,including
cableandDTH,filmproduction,film
distributionbusiness,marketingandrelated
services,andpaymentofroyalty@2%ofnet
revenueforuseoftrademarks/brands,
permitTV18Group,throughBKHoldings
Limited,Mauritius(BKH)tomakeaninitial
investmentofapproximatelyUSD50.5
millionforsubscribingtoequityofMTVI
TELECOMMUNICATIONS
8 M/s.EssarSpacetelLtd.(M/s. Totakenoteoftheaggregateofdirectand
VodafoneEssarSpacetelLtd.) indirectforeignshareholdingof74%
9
Nofresh
inflow
M/s.FascelLtd(M/s.VadofoneTotakenoteoftheaggregateofdirectand
EssarGujaratLtd)
indirectforeignshareholdingof74%
Nofresh
inflow
10 M/s.HutchisonEssarCellular Totakenoteoftheaggregateofdirectand
Ltd
Nofresh
inflow
11 M/s.HutchisonEssarMobile Totakenoteoftheaggregateofdirectand
ServicesLtd.
Nofresh
inflow
12 M/s.HutchisonEssarSouth
Ltd.(M/s.VodofoneEssar
SouthLtd.)
13 M/s.HutchisonTelecomEast
Ltd.(M/s.VodofoneEssar
DigilinkLtd.)
14 M/s.AircelDigilinkIndiaLtd.
Totakenoteoftheaggregateofdirectand
Nofresh
inflow
Nofresh
inflow
Nofresh
inflow
IncreaseinthecapitalizationoftheNBFC
companyfrom75%to100%
Nofresh
inflow
ECONOMIC AFFAIRS
15 M/s.HSBCSecuritiesand
CapitalMarkets(I)Pvt.Ltd.
16 M/s.AlplaIndiaPvt.Ltd.
Increaseinforeignequityinaholding
6.9387
companyfrom66.90%to100%bywayof
acquisitionofshares.
17 M/s.CRSealsIndiaPvt.Ltd. Tobringadditionalinvestmentwithinthe
88.00
(nowknownasM/s.SKF
approvedpercentage(i.e,100%)ina
SealingSolutionsIndiaPvt.
companyproposedtobeengagedin
Ltd.)
designing,engineering,manufacturing,
reconditioninganddealingofindustrial
bearingsforthepurposeofsalebothin
IndianmarketandexportoutsideIndia.
Total
575.83
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 27.07.2012
Sl.
No.
FDI/NRI
inflows
(` In crore)
COMMERCE
1 M/s Anamika Tea
1.85
ECONOMIC AFFAIRS
Pvt. Ltd., Delhi
not commenced.
3 M/s Kemper System
4 M/s DEG-Deutsche
Investitions-und
t mbH
FDI policy.
15.50
0.10 (already
brought)
55.00
PHARMACEUTICALS
Singapore

No fresh inflow
FINANCIAL SERVICES
Pvt. Ltd.

investing company.
140.00

Trust)
per cent.
40.00

8 The Walt Disney
Company (Southeast
Asia) Pte. Ltd.

1000.00

Pvt. Ltd.

7.40

company.
0.07
FINANCIAL SERVICES
11 M/s Cloverdell
Investments Ltd.
Mauritius
2.

808.06

Sl.
No
1 M/s Multi Screen

Media Pvt. Ltd.

3 M/s Mahindra and
Delhi
4 M/s Man Chung Lim

Limited, Mumbai

Products.
scheme.
Mumbai


Ltd., Singapore
Hyderabad
10 M/s Vyome
Biosciences Private
Limited, Delhi
Limited, Nagpur

Global Pvt. Ltd.,
Chennai
Private Limited,
Bangalore
gloves.
14 M/s Stellence
Bangalore
15 Dr. A. Jawahar
Palaniappan, USA
3.

Sl.
No

Networks Private
Limited, Chennai

Ltd., Cochin
Credit Development
Company Pvt. Ltd.
4 M/s Greycells
Education Ltd.

institutions.
4.
No.
1 M/s Aman Sewing &

Embroidery Threads
Pvt. Ltd.

5.
Sl.
No
*****
FDI/NRI
inflows
(` in crore)
Nil
F. No.11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
Dated the 28th January, 2009
PRESS RELEASE
held on 9th January, 2009, Government has approved 31 Proposals of Foreign Direct Investment
namely, Commerce, Economic Affairs, Telecommunication, Urban Development, Civil Aviation,
Industrial Policy & Promotion, Post and Information & Broadcasting.
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(FT)
2.
NIC (DEA)
3.
4.
09.01.2009
Following 31 (Thirty one) cases have been approved.
Sl.
No.
FDI/NRI inflows
(Rs. In Crore)
COMMERCE
To set up a WOS to undertake wholesale trading. The
1 M/s Paul Hartmann
Finance B.V. Netherlands proposal attracts Press Note 1 of 2005.
2 M/s Now (Asia) INC.
Mauritius
1.70
To manufacture equipment relating to petroleum sector,

wholesale trading to customers only in the Petroleum
sector. The proposal attracts Press Note 1 of 2005.
28.00
3 M/s Alcatel Lucent India

Ltd., New Delhi

No Fresh Inflow
4 M/s Ramky Enviro

Engineers Ltd.,
Hyderabad

investment.
320.00
5 M/s Rama Cylinders Pvt.

Ltd., Mumbai
To issue and allot fully funded/ paid warrants.
ECONOMIC AFFAIRS
84.03
6 M/s Universal Music India Post facto approval for conversion of operating company
Pvt. Ltd., Mumbai
1.20
7 M/s Cambridge
Technology Enterprises
Ltd., Hyderabad
Transfer of shares by way of share swap and issuance of

warrants.
0.20
8 M/s Si2 Microsystems

Ltd., Bangalore

investment.
62.332
9 M/s Haven Stead

Developer Ltd., Chennai

investment.
25.00
10 M/s Easiprocess Pvt. Ltd., Conversion of operating company into an operating cum
Bangalore
investment.
2.00
11 M/s Millennium Holdings Conversion of operating company into an operating cum

Ltd., Mauritius
investment.
14.79
12 M/s CMS Computers Ltd., Conversion of operating company into an operating cum
Mumbai
investment.
190.00
13 M/s Directi Internet

Solution Pvt. Ltd.,
Mumbai

investment.
No Fresh Inflow
14 M/s Bridgestone
Corporation, Japan

investment. The proposal also attracts Press Note 1 of
2005.
33.30
15 M/s Neilsoft Ltd., Pune
16 M/s Kaefer Punj Lloyd

Ltd., Gurgaon

investment.
No Fresh Inflow
25.16
TELECOMMUNICATION
17 M/s Bharti Telemedia
Limited (No.344/2008FC.I)
Ex-post facto approval for indirect foreign investment in

a company engaged in Teleport sector.
No Fresh Inflow
URBAN DEVELOPMENT
18 M/s Isolux Corsan Indian Conversion of operating company into an operating cum
Engineering &
Construction Pvt. Ltd.,
investment.
Gurgaon
01.0
CIVIL AVIATION
19 M/s Kerns Aero Products (i) To issue shares against technical know how fee,
Pvt. Ltd.
training and supply of designs and (ii) issue of warrants.
10.00

20 M/s Phillips Electronics
India Ltd.

investment.
No Fresh Inflow
21 M/s Morgan Stanley

Financial Services Pvt.
Ltd.

100.00
22 M/s Radha Krishna

Hospitality Services Ltd.

No Fresh Inflow
To change the shareholding structure. The company is

engaged in providing internet services.
15.84
TELECOMMUNICATION
23 M/s Pacific Internet Ltd.
24 M/s Onmobile Global Ltd. Transfer of the shares held by the company in favour of
their 100% WOS.
No Fresh Inflow
URBAN DEVELOPMENT
25 M/s Cushman &
Wakefield India Pvt. Ltd.
To delete one of the Clause of the FC approval.
No Fresh Inflow
COMMERCE
26 M/s ZF Friendrichsafen
AG, Germany
To set up a new Joint Venture Company for

manufacturing and marketing of rubber and rubber-tometal parts for automotive industry, agriculture and
construction machinery, railway and construction
application. The proposal attracts Press Note 1 of 2005.
0.005
POST
27 M/s Continental Air
Express Pvt. Ltd.
Induction of foreign investment in courier services.
0.02
ECONOMIC AFFAIRS
28 M/s Dun & Bradstreet
To make investment of funds from its internal accruals

or out of fresh remittances from the overseas company
or by way of a combination of internal accruals and fresh
remittances from the overseas company for equity
participation of a minimum of 51% of the paid up equity
share capital and also make further investments.
No Fresh Inflow
29 M/s Keystone Realtors

Pvt. Ltd., Mumbai

investment.
300.00

30 M/s South Asian Regional
Investments Singapore
Pte Ltd., (2) M/s South
Asian Regional
Investment Singapore II
Pte Ltd., Singapore
Sale and transfer of shares from resident shareholders

to non-resident for owning and operating a language
channel. The proposal also attracts Press Note 1 of
2005.
31 M/s Dow Jones &

Company Inc., USA
To make a WoS to carry out the publishing of facsimile

editions of newspapers.
60.00
2.16
2.

No
1 The Bank of Nova Scotia, To set up a WOS to undertake wholesale trading and hedging in precious
Canada
metals etc.
2 M/s DNATA, UAE
To set up a JV company to provide ground handling services for both

domestic and international operators as well as cargo handling and
related services.
3 M/s Dynamatic
Technologies Ltd.,
Bangalore
Ex-post facto approval for engaging in the business of defense and

strategic industries.
4 M/s Indtech Construction Transfer of rights attached with warrants exercisable into equity shares.
South Africa
Issue of warrants and conversion of operating company into an operating

cum holding company to make further downstream investment. One of
the downstream subsidiaries is engaged in the commodity broking.
6 M/s Logix Microsystems

Ltd., Bangalore
7 M/s ABG Bulk Handling

Pvt. Ltd., Mumbai

8 M/s Noida Softwares

Technology Park Ltd.
Post facto approval for conversion of operating company into an

operating cum holding company to make further downstream
investment.
9 M/s Mahindra Forgings

Ltd.
Transfer of shares from a resident to a non-resident on a Stock Exchange.
10 M/s ABG Kandla

Container Terminal Ltd.
Post facto approval for conversion of operating company into an

operating cum holding company to make further downstream
investment.
11 M/s ELbee Express Pvt.

Ltd.
To issue and allot Cumulative Compulsory Convertible Preference shares.

The company is engaged in the business of providing courier and logistics
services.
12 M/s Chorus Call

Conferencing Services
India Pvt. Ltd.
To increase the FDI from existing 51% to 74% of the paid up capital of the
company in telecom sector.
13 M/s World Space (I) Pvt.

Ltd.
To provide/undertake the activities of web based services.
14 M/s Genworth Financial

Inc, USA
Amendment in the existing FIPB approval.

To issue and allot up to 10% of the issued share capital.
Information Services Pvt.
Ltd., Mumbai
(India) Pvt. Ltd., Mumbai shares up to 74% equity of the company
17 M/s JT International
Mauritius Pvt. Ltd
To increase in foreign shareholding from 50% to 74%.
3.
Sl.
No
1 M/s RBS Credit and

Financial Development
Pvt. Ltd., Kolkata

2 M/s Vatika Limited, New

Delhi
To retain the completed non FDI compliant projects/ assets and to

exercise the option to retain the incomplete non-FDI complaint projects/
assets, post the infusion of FDI from various sources.
3 M/s GSR Sugars Pvt. Ltd., To issue share option convertible into equity shares.
Hyderabad
4 M/s Meta Telecom Pvt.
Ltd.
Increase in Foreign equity from 40% to 73.45% in a company engaged in

ILD and NLD Services.
4.
The following 03 (Three) proposals have been recommended for the consideration of CCEA, as the
Sl.
No
FDI/NRI inflows
(Rs. In Crore)
1 M/s Orange Realty Pvt.

Ltd., New Delhi

investment.
2051.00
2 M/s NTT Docomo Inc.,

Japan

12924.00
3 M/s NTT Docomo Inc.,

Japan$

949.07
The Proposal will be placed before CCEA only after receipt of security clearance from MHA.
5.
Sl.
No

Name of the
applicant
1 M/s. EZY Infosoft

Private Limited,
Chandigarh
Conversion of operating company into an operating cum holding company,

transfer of shares by way of share swap. Proposal also attracts Press Note 1 of
2005.
*****
No. 11(1)/2008-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 7th April , 2008.
PRESS RELEASE
meeting held on 28th March, 2008, Finance Minister, Shri P. Chidambaram has approved 20
proposals relate to Ministries/Departments, namely Commerce, Heavy Industry, Industrial Policy
& Promotion, Information & Broadcasting, Telecommunications and Economic Affairs. The
major investment proposals pertain to the Ministries/Departments of Information & Broadcasting
Sd/( P.K. Bagga)

OSD (CM & I)
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 9th April, 2008 at
Sd/( P.K. BAGGA )

OSD(CM & I)
Followingtwenty(20)caseshavebeenapproved.
Sl.No.Nameofthe
applicant
COMMERCE
1. M/s.Richemont
ServicesB.V.,
FDI/NRI
inflows(Rs.
Incrore)
TosetupanewJVwith51%foreignequityto
0.20
undertakethebusinessofsinglebrandretail
tradingunderthebrandnameCartier
2. M/s.PowerPlate(I) Inductionofforeignequityupto50%ina
0.50
Pvt.Ltd.
companytobeengagedintheretailingofsingle
brandhealthandfitnessequipment
3 M/s.GlorioArmani TosetupJVwith51%foreignequitytoundertake 1.02
HoldingsBV
singlebrandretailtradingoftheArmani
brandedproducts
4 M/s.TokaiRubber TosetupanewWOStoundertakemanufacturing1.50
IndustriesLtd,Japanandsaleofantivibrationproductsandwholesale
tradingofantivibrationproducts.Proposal
HEAVY INDUSTRY
5 M/s.DEDiamond Conversionofadvancepaidintoequityshares Nofresh
ElectricIndiaPvt.
inflow
Ltd.NewDelhi
6 M/s.PerceptLtd, Conversionofoperatingcompanyintoan
Nofresh
Mumbai
operatingcumholdingcompanytoundertake inflow
ECONOMIC AFFAIRS
7 M/s.Janani
Toactasaholdingcompanytoundertake
0.59
TechnologyHoldings furtherdownstreaminvestmentsinITandITES
Ltd.
8 M/s.PSAIndiaPte. Inductionofforeignequityupto49%bywayof 240.00
Ltd.Singapore
preferentialallotmentofcompulsorily
convertiblepreferencesshares.Proposal
9 M/s.GSStrategic Inductionofforeignequityupto20%ina
300.00
InvestmentsLtd,
companyengagedincommoditybrokingbesides
Mauritius
otheractivities.
10 M/s.LafargeIndia Mergeroftwocompanies(LafargeIndiaHolding Nofresh
Pvt.Ltd.
Pvt.Ltd.withLafargeIndiaPvt.Ltd.)asperthe inflow
orderofHighCourtofBombay
11 M/s.BerkleySquare Increaseinforeignequityform51%to100%by 0.36
HoldingBV
wayoftransferofshares/acquisitionofshares.

12 M/s.BVAPublishers Toundertaketheadditionalactivitiesof
undertakingpublicationofspecialtymagazines
Pvt.Ltd.(M/s.
CondeNast(I)Pvt.
Ltd.)
13 M/s.UTVSoftware Inductionofforeignequitybywayofsubscribing
Communications toequitysharesinUTVSoftwareandequity
Ltd.
sharesandwarrantsinUTVGlobal.Further
acquisitionofsharesbywayofopenofferin
UTVSoftware.Thecompaniesareengagedin
theoperationofgeneralentertainment
Televisionchannelandbroadcastingbusinessby
uplinking
TELECOMMUNICATIONS
14 M/s.HathwayCable Inductionofforeignequityinacompany
&DatacomPvt.Ltd. engagedinCableTVservices
15 M/s.Tata
Communications
Ltd.
ECONOMIC AFFAIRS
16 M/s.Media
TransasiaIndiaLtd.
Nofresh
inflow
923.94
217.25
ApprovalofForeignholding(Directandindirect) Nofresh
throughDepositoryReceipts,andFIIfor
inflow
hardwarefacilitiesundertakinguplinking
Conversionofnonrepatriableequityto
repatriableequity
Nofresh
inflow
17 M/s.Virgo
EngineersLtd.
TransferofsharesfromNRIstoanonresident Nofresh
Investor(OriginalinvestmentmadeinRupees) inflow
18 M/s.Radiant
InfosystemsLtd.
Transferof200sharesbywayofshareswap
Nofresh
inflow

19 M/s.RussellSquare InductionofforeignequityinanIndiancompany 4.40
HoldingBV.,
bywayofacquisitionof100%equityofthe
Netherlands
companywhichisengagedinthebusinessof
eventmanagementservices.Proposalattracts
PressNote1(2005Series)
TELECOMMUNICATIONS
20 M/s.GTL
Inductionofforeignequitybeyond49%andup 272.29
InfrastructureLtd, to74%inacompanyengagedinIPIcategory
Mumbai
activitiesbywayofasponsoredGDR/ADR
Total
Rs.1962.05
3.Thefollowingeight(8)proposalshavebeenrecommendedtobedeferred:
1
M/s.SumitomoHeavy
TosetupanewWOStoundertaketheactivitiesofselling
IndustryLtd.
electricplasticinjectionmouldingmachinesProposal
2
M/s.AlphaElettronica
Inductionofforeignequityupto26%toundertake
4
5
6
DefenceSystemsPvt.Ltd.
Bangalore
M/s.DelightInvestmentsPte.
Ltd.Singapore
productsrelatingtoDefenceSectorbesidesother
activities
InductionofforeignequityintwoIndiancompaniesandto
converttheirstatusfromoperatingcompanyinto
operatingcumholdingcompanyformakingfurther
M/s.MetaTelecomPvt.Ltd. Increaseinforeignequityfrom40%to73.45%ina
NewDelhi
companyengagedinILDandNLDServices
M/s.ConnexTeltechPvt.Ltd. Inductionofforeignequityupto74%inacompany
Bangalore
engagedinILDServices
M/s.AsterInfrastructurePvt. Changeintheforeigncollaboratorandincreaseinforeign
Ltd.
equityupto74%.ThecompanyisengagedinIPICategory
services.
M/s.BroadbandPacenet
Inductionofforeignequitybywayofsubscribingto
(India)Pvt.Ltd.Mumbai
oracquisitionofsharesupto74%equityofthe
company
M/s.AlKhaleejSugarCo.(LLC) Amendmentintheexistingapproval.Reviewofthe
Dubai
conditionGraintoGraintoTontoton
4.Thefollowingone(1)proposalhasbeenrejected:
1
M/s.KimEng.SecuritiesIndia Undertakingtheactivityofstockbrokingasanonfund
Pvt.Ltd.Delhi
basedactivitywithapplicablecapitalization.
Twoproposalsviz.,M/s.EssarPowerLimited,MumbaiandM/s.AXISPrivateEquityLtd,
MumbaihavebeenrecommendedforconsiderationofCCEA,astheinvestmentinthetwo
proposalsismorethanRs.600.00croreeach.
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
PRESS RELEASE
in its meeting held on 29th March, 2007, Finance Minister, Shri P. Chidambaram has
approved 13 proposals of Foreign Direct Investment amounting to Rs.476.6837 crore.
The proposals relate to Ministries/Departments, namely, Commerce, Information &
Broadcasting, Information Technology, Telecommunications and Economic Affairs.
The major investment proposals pertain to the Ministry/Departments of Commerce,
Information & Broadcasting and Economic Affairs.
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)

Sl. No.
FDI/NRI inflows
(Rs. In crore)
COMMERCE
1
M/s. Mahtani Fashions Pvt. Induction of foreign equity upto 51% in a 22.50
Ltd.
company engaged in the business of selling
footwear under the brand name VI-GA
shoes in India and overseas.
TELECOMMUNICATIONS
2.
M/s.
Vonage
Corporation, USA
Holdings Increase in foreign equity from 49% to 0.149

100% by way of acquisition of shares from
resident shareholder of a company engaged
in Internet Service Provider, Internet Voice
Telephony and related services without
international gateway.
ECONOMIC AFFAIRS
3.
4.
M/s. Quinn Logistics Sweden, To set up a holding company and to make 225.00
Sweden.
engaged in FDI compliant construction
development activities.
M/s. MS Strategic (Mauritius) Induction of additional foreign equity of 3% 1.35
Ltd, Mauritius.
by way of acquisition of shares of National
Stock Exchange from IDBI, State Bank of
India and SBI Capital Markets Limited
M/s. Actis Investment Holding Induction of additional foreign equity of 0.36
No. 47 Ltd, Mauritius.
0.80% by way of acquisition of shares of
National Stock Exchange from State Bank
of India and SBI Capital Markets Limited
M/s.
Actis
Investment Induction of additional foreign equity of 0.09
Holdings
No.
48
Ltd, 0.20% by way of acquisition of shares of
Mauritius.
National Stock Exchange from State Bank
of India and SBI Capital Markets Limited
M/s.
Citigroup
Strategic Induction of additional foreign equity of 2% 0.90
Holdings
Mauritius
Ltd, by way of acquisition of shares of National
Mauritius.
Stock Exchange from Union Bank of India,
Bank of Baroda, Canara Bank, Oriental
Bank of Commerce and Corporation Bank.
COMMERCE
8
M/s. Mother Care UK Limited, To undertake additional activities of No fresh inflow

UK.
sourcing and purchasing of goods such as
bed linen etc. from third parties for trading.

9
M/s.
Times
Global Induction of foreign equity
by way of 34.3483
Broadcasting Co. Ltd.
subscribing to 3,43,48,346 non-convertible
redeemable cumulative preferences shares
by the existing collaborator Reuters,
Singapore. The company is engaged in the
business of up-linking and broadcasting
news and current affairs television channels
from India and to undertake related
activities such as distribution of television
channels and sale of advertisement time.
TELECOMMUNICATIONS
10
M/s.
Worldcom To undertake additional activities of National No fresh inflow
Communications
(I)
Pvt. Long Distance Services and to provide ISP
Ltd.(now changed to M/s. services (with gateways).
Verizon
communications
India Pvt. Ltd.)
ECONOMIC AFFAIRS
11
M/s. Exel India Pvt. Ltd.
Infusion of funds equivalent to to Euro 32.6 189.5364

millions by M/s. Deutsche Post International
B.V. by way of subscription of equity shares
with no voting or dividend rights. The
company is engaged in freight forwarding
operations, ware housing and distribution
services. Proposal also attracts Press Note
1 (2005 series).

12
M/s. ASC Enterprises Ltd.
Allotment of shares to
the foreign No fresh inflow
collaborators of M/s. Zee Telefilms Limited
consequent upon demerger scheme
approved by Delhi High Court.
13
M/s. Rolta India Ltd, Mumbai To set up a JV with a foreign equity upto 2.45
49% to undertake various manufacturing
activities, IT related services and wholesale
trading.
F. No. 11(1)/2010-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Sd/(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 15.03.2010
Following 23 (Twenty three) proposals have been approved.
Sl.
No.
FDI/NRI
inflows (Rs. In
Crore)
CIVIL AVIATION
1 M/s Air India SATS Airport To issue shares against other than cash consideration
Services, Bangalore
No fresh inflow
CONSUMER AFFAIRS
2 M/s Intel Capital
Mauritius
To acquire equity shares in Multi Commodity Exchange of

India Limited in one or more tranches.
0.66
CORPORATE AFFAIRS
3 M/s Bharat Forge Limited, To issue warrants.
Pune
576.00
ECONOMIC AFFAIRS
4 M/s Valuable Destination Ex-post facto approval for issue of partly paid equity
Private Limited, Mumbai shares to undertake infrastructure and construction and
development of Real Estate Projects and construction and
maintenance of buildings.
5 M/s Sabre Helmets Pvt.
Ltd., Mumbai
To issue/allot fully paid equity shares to undertake the

business of manufacturing, marketing and sale of helmets
in India. The Proposal attracts Press Note 1 of 2005.
110.00
0.98
FINANCIAL SERVICES
6 M/s Parpl Holdings
Mauritius
To purchase equity shares of a company engaged in the

business of Assets Reconstruction.
32.7
HEAVY INDUSTRY
7 M/s Sangsin Brake, Korea To set up a WoS to carry on the manufacturing of internal
combustion piston engine and other parts/ accessories for
motor vehicle. The proposal attracts Press Note 1 of 2005.
1.00
Downstream investments
8 M/s Sutherland Global
Services (P) Ltd., Chennai funds/internal accruals
9 M/s Virtify Technologies
by
locally
generated
Nil
Sale/transfer of beneficial equity interest held on nonNo Fresh Inflow

repatriable basis by NR to NR to be held by them on
repatriable basis.
POWER
10 M/s East Coast Energy
Ex-post facto approval for issue of partly paid shares.
5.51
REVENUE
11 M/s Eagle Mining
Products Pvt. Ltd., Delhi
Ex-post-facto approval for issue of equity shares against the

value of import of Machinery.
12 M/s Rubcon Mining

Acccessories Private
Limited, Delhi
Ex-post-facto approval for issue of equity shares against

import of second hand machinery.
No Fresh Inflow
Nil
STEEL
13 M/s Toyota Tsusho
Corporation, Japan
To acquire equity shares from non-resident company. The

company is engaged in the business of Steel processing. No Fresh Inflow
The proposal attracts Press note 1 of 2005.
COMMERCE
14 M/s Nokia Corporation
To amend the FC approval letter.
15 M/s Fabindia Overseas

Pvt. Ltd.
To amend the shareholding pattern.
Nil
Nil
ECONOMIC AFFAIRS
16 M/s Bengal Aerotropolis
Projects Limited
17 M/s Almondz Global

Securities Limited
To issue warrants.
Nil
9.30

18 M/s Siemens Limited
Ex-post facto approval for making

investment through internal accrual.
downstream
Nil

Media Pvt Ltd.
To issue and allot preference shares to carry out the

business of up-linking a non-news and current affairs TV
channel.
5.57

Network Pvt. Ltd.
To enhance the FDI to 74% by issue of Compulsorily

Convertible Debentures (CCDs) and equity shares to
existing foreign investors and new foreign investors.
1142.21

21 M/s Savvis
Communications
International, Inc, USA

0.01
TELECOMMUNICATIONS
22 M/s Aster Infrastructure
Pvt. Ltd.
Transfer of shares from Resident to Non-Resident in a

company engaged in the Telecom infrastructure sector.
65.00
REVENUE
Limited
2.
To issue Convertible Warrants.
376.27

No
1 Mr. Samir V. Mehta,
Mumbai
Limited, Mumbai
Ex-post-facto approval for issuance of partly-paid equity shares.
3 M/s S Tel Private

Limited, Gurgaon
To issue/allot fully paid-up fresh equity shares to undertake the business


Pvt. Limited
5 M/s Verizon
Pvt. Ltd.

6 M/s Etisalat DB Telecom Transfer of shares from Resident to Non-Resident of a company engaged
Private Limited, Mumbai in the Telecom Sector.
7 M/s Essar Capital
Mumbai

8 M/s Telcordia
3.

Sl.
No
1 M/s Valuable Ag-Bio


Ex-post facto approval for issue of partly paid equity shares to undertake
floriculture and horticulture including tree nurseries.
2 M/s Independent
To issue shares against other than cash consideration.
Technology Systems
(India) Pvt. Ltd., Mumbai
3 M/s Issar Pharmaceuticals To issue shares against expenses incurred on purchase of land and wiping
Pvt Ltd
of overdraft.
4 M/s Jacaranda
Development Ltd.,
Mauritius
To set up a WoS to carryout the activity of growing, cultivation and

harvesting bananas under controlled conditions and packaging of the fruit
and sale thereof.

Ltd., Kolkata
6 M/s Forum Ventures Pvt. Payment of money to the foreign investors on buying back shares held by
Ltd.
the foreign investors.
4.
Sl.
No
Name of the
applicant
1 M/s Maa Television

Network Ltd.
2 M/s QAI India
Limited, Delhi
5.
To regularise the 20% existing shareholding (18.60%

direct and 1.31% indirect NRI holding) (Through change
of status of the resident investors.)
Ex-post facto approval for issuance of warrants.
FDI/NRI inflows
(Rs. In Crore)
Nil
4.29
The following 01 (One) proposal has been withdrawn by the applicant:

Sl.
No
Name of the
applicant
1 M/s Star India

Holding BV

Star India Holdings BV and/or its affiliates acquiring upto
49% shareholding stake in TS Investments Ltd by subscribing
to equity shares of TS Investments Ltd from time to time.
TS Investments Ltd acquiring shares of Tata Sky Ltd through
purchase of shares/issuance of shares.
*****
FDI/NRI inflows
(Rs. In Crore)
324.59
F. No. 11(1)/2012-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
held on May 9, 2012, Government has approved 25 Proposals of Foreign Direct Investment amounting
Director (FIPB)
23094045
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 09.05.2012
Following 25 (Twenty five) proposals have been approved.
Sl.
No.
FDI/NRI
inflows
(` In crore)
CORPORATE AFFAIRS
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

undertake the wholesale trading in high technology
testing equipment and high precision calibration
standards.
0.50
ECONOMIC AFFAIRS
2 M/s Mamta Vijay,
Delhi
ELECTRONIC & INFORMATION TECHNOLOGY

3 M/s Ness Mauritius,
Mauritius and M/s Ness undertake the business of software development & IT
Technologies (East)
enabled Services.
B.V., Netherlands
0.01
FINANCIAL SERVICES
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

of publishing/printing of books on fiction and nonfiction, electronic publishing, wholesale & retail
trading, periodicals books, academic, research and
other journals and directories, etc.
9.38
HIGHER EDUCATION
6 M/s Bloomsbury India
UK Limited, UK

7 M/s NGC Network
(India) Pvt. Ltd.,
Haryana
M/s Health Media
8 Publishing Private Ltd.
To undertake the activity relating to uplink and

downlink of television channels for non-news and
current affairs through internal accruals.
of publishing magazines & periodical journals in the
area of healthcare & overall wellness.
Nil
Nil
URBAN DEVELOPMENT
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
117.00 (already
commercial malls in India on account of
brought)
reorganisation of the foreign investor group
companies within three years lock in period.
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
Induction of additional foreign equity in company
Financial Mortgage
engaged in the business to offer mortgage guaranty
Guaranty India Pvt. Ltd. products that provide residential mortgage credit
default protection in the Indian market to residential
mortgage lenders (primarily banks financial
institutions).
Ex-post facto approval for the foreign investment
Pvt. Ltd.
made till date in the company and to cover the
activity of cashnet, a shared ATM network.
14 M/s Allergan Health
The Scheme of Amalgamation of company engaged
Care India Pvt. Ltd.
in the pharmaceutical sector approved by the High
Court of Karnataka.
124.00
Nil
NA

15 M/s Indusind Media & Conversion of 7-year Cumulative Non-Convertible
Communication Ltd.
Redeemable Preference shares into equity to carry
out the business of Cable Network Distribution.
Nil
CORPORATE AFFAIRS
Pharma Ltd., Mumbai
To issue warrants to carry out the business of

manufacturing of pharmaceutical formulations.
40.00
Transfer of shares by way of share swap to carry out

the business of cleaning, polishing and selling of
Diamonds.
Nil
EXTERNAL AFFAIRS
17 M/s Sunraj Diamond
Exports Limited,
Mumbai
FINANCIAL SERVICES
18 M/s SNC-Lavalin
Mauritius Limited,
Mauritius

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, To increase foreign equity participation to carry out
Noida
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
POSTS
21 M/s Kintetsu World
Express (India) Pvt.
Ltd., Karnataka

of express distribution, supply chain and third party
logistics services.
267.69
TELECOMMUNICATIONS
22 M/s Microqual Techno Increase in foreign equity to carry out the business of
Ltd., Mumbai
wireless telecommunications.
522.90
URBAN DEVELOPMENT
23 M/s Nilayami Realtors
Private Limited,
Mumbai
Post-facto approval for issuance of partly paid up

21.47 (already
shares.
brought)

24 M/s Hughes
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
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
REVENUE (CUSTOM)
25 M/s ISG Onboard
Enterprises US Ltd.,
New York
2.

Sl.
No
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
Induction of foreign equity to carry out the business of Asset
Reconstruction.
3 M/s Paragon Asset

Reconstruction Pvt.
Ltd., Mumbai
4 M/s Stellence
Bangalore
5 M/s Fabindia Overseas To change the permitted equity participation by the existing foreign
Pvt. Ltd.
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
To undertake the additional activities in the defence sector.
Inc (DCX Cable
Assemblies Pvt. Ltd.
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 operatingcum-holding company.
Increase in foreign equity participation to carry out the business of
Securities India Pvt.
commodity broking and Stock broking.
Ltd.
Systems Limited,
Mumbai
10 M/s CLSA Singapore Induction of foreign equity in an investing company to carry on the
Holdings Pte Ltd.,
business of process outsourcing services for clients, both domestic
Singapore/ M/s CLSA and offshore.
Limited, Hong Kong
Global Pvt. Ltd.,
Chennai
Private Limited,
Bangalore
gloves.
13 M/s Netmagic Solutions Increase in foreign equity upto 74 percent and induction of a new
Pvt. Ltd.
foreign collaborator to undertake the business of Internet Service
Provider with gateways.
3.
The following 8 (Eight) proposal has been rejected:

Sl.
No
1 M/s Budenheim India

Delhi
2 M/s Growing
Opportunity Finance
(India) Pvt. Ltd.,
Chennai
3 M/s Horst Pandey Art
Resort LLP, Goa
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.
Extension of time to take steps to meet the minimum capitalisation
norms as per the FDI policy in force in NBFC activities.
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.
Deletion of compounding condition.
4 M/s Hey House

Publishers (I) Pvt. Ltd.
5 M/s Limitless World
Repatriation of the original investment. The company is engaged in
LLC
the business of construction and development of townships.
6 M/s Munoth GFive

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
To allot equity shares in lieu of amount payable for powder coating
Limited
plant and machinery to carry out the business of manufacture of
transport equipment and parts.
8 M/s Putzmeister
Capitalisation of import payables to carry out the business of
Concrete Machines Pvt. manufacturing, marketing and sale of Putzmeister range of concrete
Ltd.
pumps, other related products and rendering related after-sales
services.
4.

No
1 M/s Diners Club

To set up a WoS to carry out the business of
International Ltd., USA providing support services to parent company
which is engaged in operating a payment system.
5.
FDI/NRI
inflows
(` in crore)
0.12

No
1 M/s Palred Media and Post facto approval for induction of foreign
Entertainment Pvt. Ltd., equity. The company is engaged in the business
Hyderabad
of film production and distribution of films,
cinemas,
motion
pictures,
television
entertainment, animation, internet portals etc.
2 M/s Apotex Research Increase in foreign equity to undertake research
Pvt. Ltd.
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.
FDI/NRI
inflows
(` In Crore)
1.91
500.00
6.
The following 1 (One) proposal has been advised that FIPB approval is not required:
FDI/NRI inflows
No.
(` in crore)
1 M/s Netenrich
For deletion of compounding condition on the
Technologies Pvt. Ltd. ground that partly paid up shares are not proposed
Nil
to be made fully paid up.
7.
In the following 01 (One) proposal the Council of Architecture would be advised that
FIPB approval prescribes that the agreement shall be subject to Indian Laws and action may
be taken for violation of the provisions of Architects Act under the provisions of the said Act:
No.
1 Council of Architecture, To cancel FIPB approval to M/s RSP Architects & Engineers Pte
New Delhi
Ltd., on the ground of alleged violation of provisions of Architects
Act 1972.
*****
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe4thAugust,2008
PRESSRELEASE
heldon29thJuly,2008,FinanceMinister,ShriP.Chidambaramhasapproved24ProposalsofForeign
Ministries/Departments,namely,Chemical&Petrochemicals,Commerce,HeavyIndustry,Industrial
Policy&Promotion,Information&Broadcasting,InformationTechnology,andTelecommunication.
Sd/
(PrabodhSaxena)
Director(FIPB)
23093558
To
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)
NOTICE
request latest by 5.00 P.M. on 5th August, 2008 at FAX No. 23094084, 23092477, 23093558. No
Sd/
(PrabodhSaxena)
Director(FIPB)
23093558
29.07.2008
Following24(Twentyfour)caseshavebeenapproved.
No.
FDI/NRIinflows
(Rs.Incrore)
CHEMICAL&PETROCHEMICALS
1 M/sHeurteyPetrochem To establish second subsidiary in India by way of
S.A.France
acquisition of foreign company. Proposal also attracts NoFreshInflow
PressNote1of2005.
COMMERCE
2 M/sBlack&Decker
OverseasHoldingsB.V.
Netherlands
TosetupacompanyinIndiatocarryoutthebusinessof
manufacture.ProposalattractsPressNote1of2005.
3 M/sProtechBiosystems
Pvt.Ltd.,Gurgaon
Transferof100%equitytoaForeignCompanybywayof
NoFreshInflow
shareswap.
4 M/sPiquadroS.p.A
TosetupaJointventuredirectlyorthroughitssubsidiary
with 51% equity participation to carry out the Single
Brandretail.
1.53
To acquire the 51% equity of the Indian Company for

RetailtradingofproductsundertheSingleBrand.
30.00
To purchase and subscribe to the equity shares of the

two Indian companies and issue of warrants. Proposal
alsoattractsPressNote1of2005.
104.63
5 M/sFerragamo
InternationalB.V.
25.974
ECONOMICAFFAIRS
6 M/sDaiichiSankyo
Company,Japan
7 M/sSuyashSoftwarePvt. ToacquirefullypaidequitysharesbywayofShareSwap.
NoFreshInflow
Ltd.,Nagpur
HEAVYINDUSTRY
8 M/sTokaiRikaCo.Ltd.,
Japan
To set up a JV company to manufacture, selling and

exporting automotive parts. Proposal attracts Press
Nlote1of2005.
35.00
9 M/sPlasticosErumS.L.
Spain
To establish WOS for trading, manufacturing and any

other sector/activity, including trading of items sourced
fromthesmallscalesector.
1.65
10 M/sScorpioTelevision
Expostfactoapprovaltocontinuetoholdequityshares
IndiaPvt.Ltd.,NewDelhi by the Foreign Investor in the issued and paidup share
capitaloftheIndiancompany.Thecompanyisengaged
inTelevisionprograms,Televisionfilms,cinematographic
films,videofilms,videosoftwareandcomputersoftware.
1.00
CHEMICAL&PETROCHEMICALS
11 M/sC.R.SealsIndiaPvt
(NowSKFTechnologies
(India)Pvt.Ltd.)
To issue partly paid up equity shares to Foreign

collaborators.
35.04
ECONOMICAFFAIRS
12 M/sexlService.Com(I)
Pvt.Ltd.

NoFreshInflow
cumholdingcompany.
13 M/sReligareEnterprises TosubstituteoneoftheclauseoftheFCapproval.
Ltd.
Notindicated
HEAVYINDUSTRY
14 M/sAutolineIndustries
Ltd.
To raise funds by issuing Warrants Convertible into

NoFreshInflow
equityshares.
15 M/sHondaSielCarsIndia Conversion of an operating company into an operating

NoFreshInflow
Ltd.
cumholdingcompanytomakedownstreaminvestment.
16 M/sGujaratPagutham
EnergyCorpPvt.Ltd.

NoFreshInflow
17 M/sGeomysoreServices Conversion of an operating company into an operating

NoFreshInflow
(India)Pvt.Ltd.
18 M/sParfumsNabeel
InternationalPvt.Ltd
Deletion of condition of compulsory license and Export

NoFreshInflow
obligation
19 M/sTakataIndiaPvt.Ltd. To carry out the additional activities in automobile

sector.TheproposalattractsPressNote1of2005.
21.17
20 M/sUSTechnology
International(P)Ltd.

Notfurnished
To infuse fresh foreign equity in telecommunication

sector.
317.85
TELECOMMUNICATION
21 M/sDevasMultimedia
Pvt.Ltd.
ECONOMICAFFAIRS
22 M/sTopSecurityLtd.,
Mumbai
Downstream Investment in its 10 Subsidiaries and

Preferentialallotmentofequityshares.
23 M/sMahleGmbh,
Germany
TosetupaWhollyOwnedHoldingcompany.
21.25
140.92
HEAVYINDUSTRY
24 M/sPerfectCircleIndia
Ltd.,Maharashtra
2.
Induction of FDI up to 51% in a company engaged in

manufacture of internal combustion piston engines and
otherpartsandaccessories.ProposalattractsPressNote
1of2005.
17.00
Thefollowing11(Eleven)proposalshavebeendeferred:
No
1 M/sDowEuropeGMBH, TosetupaJVcompany.ProposalattractsPressNote1of2005.
Switzerland
2 M/sVLCCHealthCare
Ltd.,Delhi
Conversion of Share Warrants into equity shares and redemption of

Preferenceshares.
3 M/sNSKHoldingsPvt.
Ltd.,Mumbai
Transfer, issue of equity shares and/ or compulsory convertible

instruments into equity shares to Foreign Collaborator. To acquire the
statusofforeignownedIndianholdingcompanyandtomakedownstream
investment.
4 M/sKPINCapitalAdvisors To induct FDI in a investment holding company by way of issue of

Pvt.Ltd.
Compulsory Cumulative Convertible Preference shares to make
downstream investments in listed as well as equity linked securities in
differentsectors.
5 M/sPepsicoIndia
HoldingsPvt.Ltd.
ToincreasetheapprovedequityfromUS$405MilliontoUS$455Million.
TheinitialproposalwasapprovedbyFIPB/CCEA.
6 M/sQuippoTelecom
InfrastructureLtd.
Toincreaseforeignequityfrom65.63%to82.55%inTelecomSector.
7 M/sAsiaMotorworks
HoldingsLtd.,Mumbai
Inductionofforeignequitybywayofsubscribingtofullyandcompulsorily
operatingcumholdingcompany.
8 M/sJSWInfrastructure
Ltd.,Mumbai
Expostfacto approval for having undertaken the activity of holding

company.
9 M/sAmarUjala
PublicationsLtd.

HighcourtandinductionoffreshFDI

(India)Pvt.Ltd.,Mumbai sharesupto74%equityofthecompany.
11 M/sTranscend
InfrastructureLtd.
3.
Thefollowingtwo(2)proposalshavebeenrejected:
Sl.
No
Increase in FDI beyond 49% in building towers, acquiring towers or

securing management rights of towers for the purpose of leasing or
licensing the shares use of these towers to communications and
broadcasting.
Nameoftheapplicant
1 M/sICPInvestments
(Mauritius)Ltd.,
Mauritius
Transfer of Shares from NR to NR (repatriation of original investment

beforeaperiodofthreeyearsfromcompletionofminimumcapitalization.
2 M/sMetaTelecomPvt.
Ltd.,NewDelhi
IncreaseinForeignequityfrom40%to73.45%inacompanyengagedin
ILDandNLDServices.
No. 11(1)/2007-FIPB
Government of India
Ministry of Finance
( FIPB Unit )
***
Dated, the 4th December, 2007.
PRESS RELEASE
proposals related to Ministries/Departments, namely, Commerce, Heavy Industry, Industrial
Policy & Promotion, Information & Broadcasting, Posts, Power, Road Transport & Highways,
Commerce, Heavy Industry, Information & Broadcasting, Power, Road Transport & Highways
and Economic Affairs
Sd/( D.K. Singh )

Ph. No. 2309 2883
Fax No. 2309 2477
To
(Shri B.S. Chauhan)
Ministry of Finance
Copyto:
1.
2.
3.
4.
PPS to JS(FT)
NIC(DEA)
NOTICE
requested to send their request latest by 5.00 P.M. on 5th December, 2007
Sd/( D.K. Singh )

DetailsofproposalapprovedintheFIPBMeetingheldon30.11.2007
Following 16 (sixteen) cases have been recommended for the consideration and
approvalofFM.
Sl.No.Nameoftheapplicant Particularsoftheproposal
FDI/NRI
inflows(Rs.In
crore)
POSTS
1 M/s.ACILogistics
Induction of foreign equity in a 0.28
PrivateLimited,
companyengagedincourierservices
Mumbai
HEAVY INDUSTRY
2 M/s.ContinentalAG, TosetupanewJointventurecompany 55.00
Germany
to undertake manufacture of hydraulic
brake systems for passenger cars and
lighttrucks. Proposal attracts Press
Note1/05
Setting up a WOS to undertake the 0.01
3 M/s.International
AssociationofPlumbingactivities of developing and publishing
specialty journals in relation to
andMechanical
plumbing,drinkingwaterandsanitation
Officials,USA
systems
4 M/s.BiolandesNatural Undertaking manufacture of floral 4.4
ExtractsPrivateLimited,and/or natural extracts / essential oils
with 100% foreign equity, activity
Madurai
reservedforsmallscalesector
POWER
5 M/s.W.Lucy&Co.,
To set up a WOS to undertake 64.00
manufacture of electricity distribution
and control equipment for export.
Proposal attracts Press Note 1 (2005
series)
InductionofFDI inaninvesting/holding 88.00
6 M/s.HIPETransport
company engaged to develop ventures
VenturesPrivate
relating
to
infrastructure
like
Limited,Bangalore
development of ports, transportation
andlogistics.
ECONOMIC AFFAIRS
7 M/s.CooksonGroup Acquisition of shares upto 20% by way 1.28
Plc.UK
of open offer in Foseco India, engaged
inmanufacturing,marketingandtrading
offoundrychemicalsandfoundryfluxes
for the metallurgical industry, including
thesteelandfoundryindustry.Proposal
attracts PN 1/05 on account of
worldwide acquisition of Foseco Plc by
CooksonGroup.
COMMERCE
8 M/s.Worldspace(I)Pvt.To undertake additional activities of
Ltd.
trading of satellite radio receivers to
registeredbusiness/institutions

9 M/s.Cliffrose
Acquisition of status of operating cum
InvestmentLtd.
holding company with downstream
investment in company engaged in FM
Radio
ECONOMIC AFFAIRS
10 M/s.AaavishkaarIndia Induction of foreign equity in SEBI
MicroVentureCapital registeredVCFagainstIssueofunitsfor
makinginvestmentsinmicro,smalland
Fund
mediumenterprises
11 M/s.ManipalUniversal Expostfactoapprovalforconversionof
LearningPvt.Ltd.
foreign owned operating company into
a holding company subject to
compoundingbyRBIforviolationinthe
interveningperiod.
COMMERCE
12 M/s.Dolce&Gabbana, To set up a Joint venture company, in
Italy
partnership with DLF group with 51%
foreign equity to undertake the
businessofsinglebrandretailtradingof
all kinds of fashion and lifestyle
products under the brand name Dolce
&GabbanaandDGDolce&Gabbana
13 M/s.SouthAsiaMulti Inductionofforeignequityofupto6.98%in
MediaTechnologiesLtd, SouthAsiaFMLimited,acompanyengaged
inFMBroadcastingservices
Mauritius
14 M/s.GrupoOmnilife To establish a WOS to undertake test
S.A.deC.V.Mexico.
marketing and manufacture, sell and
distribute its proprietary nutritional
food supplements and cosmetic
productsthroughitsWOSinIndia
ECONOMIC AFFAIRS
15 M/s.SistemaJointStock Increase of FDI from 10% upto 74% in
FinancialCorporation, Shyam Telelink Limited, a company
engagedintelecomservicesunderUAS
Russia
Nofresh
inflow
Nofresh
inflow
100.00
Nofresh
inflow
36.50
25.00
86.00
187.00
License
16 M/s.BureauVeritas
InternationalS.A.
(France)
Transferofsharesfromnonresidentto Nofresh
another nonresident, as a result of inflow
worldwide acquisition. Proposal
Total
Rs. 647.47 Crore
2.Thefollowing10(ten)proposalshavebeenrecommendedtobedeferred:
1 M/s.MAHLEGmbH,Germany
To set up a wholly owned
investment/holdingcompany
2 M/s.HeroManagementServiceLtd., TransferofsharesoftheIndianparent
Gurgaon
company by way of share swap with
thesharesoftheUKsubsidiary
3 M/s.AlKhaleejSugarCo.(LLC)Dubai Deletion of the prohibition on
domestic trading and condition of
grain to grain basis import trading
fromtheexistingapproval
4 M/s.GlobalAssetsHolding
FDI in a holding company having
CorporationPrivateLimited,Mumbai subsidiariesintheTelecomSector
5 M/s.BycellTelecommunications
To undertake activities of offering
GSMbasedcellulartelephoneservices
underUASLicenseagreementallover
India, and increase in paid up capital
ofthecompany
Inductionofforeignequityupto50%ina
6 M/s.TranscendInfrastructure
companyengagedintheactivitiesofIPI
Limited,Kolkata
category services. Proposal also attracts
PressNote1of2005series
M/s.B.A.GFilmsandMediaLtd,
Noida
M/s.B.A.G.Films&MediaLimited,
Noida
M/s.MediaTransasiaIndiaLtd.
Induction of foreign investment in a

holding company having downstream
investment in the companies to be
engaged in uplinking news channels,
nonnewschannelsandFMRadio
issue of Foreign Currency Convertible
Bonds (FCCBs) in a holding company
having downstream investment in the
companies to be engaged in uplinking
news channels, nonnews channels and
FMRadio
operating cum holding company, for

downstream investment in publication of
specialtymagazine.
10
M/s.BlackstoneFPCapitalPartners
(Mauritius)VLtd,Mauritius
Investment of uto 26% in Ushodaya

Enterprises Limited, a company
engaged in Publication of magazines/
newspapers, broadcasting and food
processing
3.Thefollowing2(two)proposalshavebeenwithdrawnfromtheagenda:
1 M/s.RISHPte.Ltd.CookIslands
Transfer of shares from erstwhile OCB
toNonresident
2 M/s.RISHPte.Ltd.CookIslands
Transfer of shares from erstwhile OCB
toNonresident
4.Inthefollowing1(one)proposal,theapplicanthasbeenadvisedtoaccessautomatic
route:
1 M/s.B.R.SpinnersPvt.Ltd.Ludhiana To undertake additional activities like
polythene waste and CDS, DVDs etc.
whicharereservedSSIitems
F.No.11(1)/2009FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe30thJanuary,2009
PRESSRELEASE
held on 22nd January, 2009, Government has approved 12 Proposals of Foreign Direct Investment
namely,EconomicAffairs,CivilAviation,FoodProcessingIndustry,Information&Broadcastingand
Commerce.
Sd/
(PrabodhSaxena)
Director(FIPB)
23093558
To
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)

22.01.2009
Following12(Twelve)proposalshavebeenapproved.
No.
FDI/NRIinflows
(Rs.InCrore)
ECONOMICAFFAIRS
1 M/sInterglobe
TechnologyQuotientPvt. holdingcompanytomakedownstreaminvestments.
NoFreshInflow
Ltd.,Gurgaon
2 M/sCapuleltLtd.,
Mauritius
Conversion of equity by an erstwhile OCB from non

repatriationtorepatriationbasis.
3 M/sAFCNetworkIndia
Pvt.Ltd.,NewDelhi
Inductionofforeignequitybywayoftransferofequity
shares from the initial subscriber and also by way of
allotting fresh equity shares of the company for
1.5
undertakingdownlinkingofNonNews&CurrentAffairs
Channels.
NoFreshInflow
4 M/sAIRWorksIndia
EngineeringPvt.Ltd.,
Gurgaon
5 M/sInteractiveAvenues
MarketingSolutionsPvt.
Ltd.,Mumbai
6 M/sAmritjalVenturePvt.
Ltd.,Secunderabad
7 M/sMenziesAviation
Bobba(Blore)Pvt.Ltd.,
Bengaluru
8 M/sGTIMediventures,
Mauritius
NoFreshInflow
into operating cum holding company to make NoFreshInflow
downstreaminvestments.
300.00
Expost facto approval for partly paid up preference
shares.
NoFreshInflow
To set up a foreign owned Indian holding company to
0.01
CIVILAVIATION
9 M/sBlueDartExpress
Ltd.
To acquire additional shares to carry out the Value

NoFreshInflow
addedtransportationinfrastructurebusiness.
FOODPROCESSINGINDUSTRY
10 M/sMcCainFoods(I)Pvt. TodeleteoneoftheconditionoftheFCapproval.
Ltd.
NoFreshInflow
11 M/sWireandWireless(I) Issuanceofpartlypaidupequityshares.
Ltd.
450.00
COMMERCE
12 M/sGenworthFinancial AmendmentintheexistingFIPBapproval.
Inc,USA
2.
NoFreshInflow
Thefollowing5(Five)proposalshavebeendeferred:
No
1 M/sMallcom(India)Ltd., Induction of foreign equity in the enhanced paid up capital to carry out
Kolkata
themarketingandsellingindustrialsafetyproducts.Theproposalattracts
PressNote1of2005.
2 M/sComecerS.P.A.Italy TosetupaWOSforundertakingtheactivitiesoftradingofitemssourced
fromsmallsectorandTestmarketing.
3 M/sTanlaSolutionsLtd., Conversionofoperatingcompanyintooperatingcumholdingcompanyto
Hyderabad
4 M/sAkarInfoMediaPvt. Inductionofforeignequitybyissuingandallottingequitysharestocarry
Ltd.,Ahmedabad
outtheactivityofpublishingoftechnicalmagazines.
5 M/sDSPTechnology
IndiaPvt.Ltd.,Bangalore
3.
Thefollowing3(Three)proposalshavebeenrejected:
Sl.
Nameoftheapplicant
No
1 M/sThreeCInvestment
(Mauritius)Ltd.,Mauritius
Conversionofnonrepatriablesharesintorepatriableshares.
2 M/sSouthernCNGAutomobiles Induction of FDI by a Bangladeshi National to set up a CNG

IndiaPvt.Ltd.,Kolkata
conversionplantandrefillingstation.
3 M/sG4SCorporateServices
IndiaPvt.Ltd.,Gurgaon
Conversion of existing status of operating company into foreign

ownedIndianHoldingCompanytomakedownstreaminvestment.
4.
The Board noted the request of M/s Suzlon Energy Ltd., Ahmedabad for raising FDI through
ADR/PreferentialallotmentofsharesinsteadofrightsissueandforraisingtheFDIpercentagefrom20.76%
to25.25%.TheproposalhadbeenapprovedbyCCEAon26.12.2008.
*****
F. No. 11(1)/2009-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
(Prabodh Saxena)
Director (FIPB)
23093558
To
(Shri B.S. Chauhan)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 18.12.2009
Following 09 (Nine) proposals have been approved:
Sl.
No.
Name of the
applicant
FDI/NRI
inflows (Rs. In
Crore)
COMMERCE
1 M/s Mitsui & Co. To set up a (i) WOS and (ii) JV company. The proposal attracts
Ltd., Japan
326.00
ECONOMIC AFFAIRS
2 M/s Mold-Tek
Technologies
Ltd., Andhra
Pradesh
To allot equity shares against the value of Assets.

Nil

3 M/s R K Swamy
BBDO Pvt. Ltd.,
Chennai
Induction of foreign equity

in a company engaged in the
advertising activity. The proposal attracts Press Note 1 of 2005.
1.275
POWER
4 M/s SN Power
Holding
Singapore Pte.
Ltd., Singapore
To set up joint venture companies with 50% foreign equity in

India to set up hydro power projects. The proposal attracts Press
Note 1 of 2005.
Not Indicated

5 M/s Ramani
Hotels Ltd.
6 M/s Diageo
Radico
Distilleries Pvt.
Ltd.
(i) To increase the foreign equity participation from 50% to

100% in a company engaged in the manufacturing Indian made
foreign liquor (IMFL). The proposal attracts Press Note 1 of
2005.
Nil
Nil
(ii) Ex-post facto approval for violation of the Press Note 1 of

2005.

7 M/s Internet
Global Services
Pvt. Ltd.
To invest in Non-convertible Redeemable Preference shares

capital out of internally accrued funds.
100.00
TELECOMMUNICATIONS
8 M/s Goldman
Agent Pvt. Ltd.
To make foreign investment in an investing company.
9 M/s Premiere
Conferencing
(Ireland) Ltd.,
Ireland

providing audio/ web conferencing and collaboration services
and data communication services in India.
2.
93.00
3.43

No
1 M/s Kirkstone India Pvt. To issue shares against the pre-incorporation expenses.
Ltd., Delhi
2 M/s India Infrastructure To issue units to FUND.
Development Fund Ltd.,
Ltd., Kolkata
4 M/s Telstra
To issue fresh equity shares for increasing FDI from 49% to 74% in a
Telecommunications Pvt. company engaged in the telecom services.
Ltd., Mumbai
5 M/s Bharat Oman
6 M/s Verizon
Pvt. Ltd.

7 M/s Telcordia
3.

Sl.
No
1 M/s Zetatek Engineering To issue shares to the tune of 26% on a fully diluted basis with repatriation
Systems Pvt. Ltd.,
facility to carry out the activities in the defence sector.
Hyderabad
2 M/s Southern CNG

Automobiles Pvt. Ltd.,
Bangladesh
Increase in foreign equity by way of additional subscription of equity shares

from Bangladesh.
3 M/s Shree Meenakshi

To issue equity shares to undertake manufacturing of Pan Masala and other
Food Products Pvt. Ltd., tobacco Products.
Mumbai
4 M/s Verint System India To make amendment in the FC approval.
Pvt. Ltd.
5 M/s Asha Micro Credit
Ltd.
To induct foreign investment to undertake the activities relating to providing

financial services for the up-liftment of poor and the downtrodden sections
of the society. The proposal does not meet the minimum capitalization
norms.
4.
The following 1 (One) proposal has been withdrawn from the agenda on the request of
applicant:
Sl.
No
1 M/s Macquarie India

To issue units to FUND.
Infrastructure Management
Holdings Pte. Ltd., Singapore
5.
FDI/NRI inflows
(Rs. In Crore)
0.004

No.
1 M/s Efkon India Pvt. Ltd.,
Mumbai
Post facto approval for change of status from

operating company to operating-cum-investing
company and to make downstream investment.
*****
FDI/NRI inflows
(Rs. In Crore)
0.25
F. No. 11(1)/2013-FIPB
Government of India
Ministry of Finance
(FIPB Unit)
*****
PRESS RELEASE
Sd/(B.D. Barua)
Tele No.: 2309 4979
Fax No.: 23094084
To
(Shri D.S. Malik)
Ministry of Finance
Copy to:
1.
PPS to JS(I&I)
2.
3.
held on 12.04.2013
Sl.
No.
1 M/s McKinsey &

Company Inc. India,
USA
2 M/s AWS Truepower
LLC, USA
To set up an LLP to be engaged in providing

management consultancy services.
0.99

of consultancy services.
0.24
3 M/s NSE Industries,

France
Induction of foreign equity to undertake the

business of manufacture and servicing of products
having defence applications.
4 M/s Pilot Ventures
Induction of 100% foreign equity to carry out the
Media Pvt. Ltd., New
business of publishing, marketing and distributing
Delhi
NME music Magazine and NME website in India.
5 M/s GETIT Infoservices To increase foreign equity percentage by way of
Private Limited
acquisition/fresh issue of shares to carry out the
business of speciality publishing.
6 M/s ACME Solar
To make downstream investment in a company
Energy Pvt. Ltd.
engaged in solar power business, considering it as
Haryana
investing company.
7 M/s GeoPost S.A.,
Acquisition of shares of an Indian company engaged
France
in the business of commercial express and parcel
delivery business segment.
Increase in foreign equity participation from 60% to
Ltd.
100% to carry out the business of Courier services
other than post.
2.
FDI/NRI inflows
(` in crore)
0.10
0.01
216.00
275.00
179.04
24.85
Sl.
No
1 M/s Sutures (I) Pvt. Ltd. Increase of foreign equity in an existing pharma sector company.
2 M/s Calyx Chemicals &
Pharmaceuticals Ltd.
3 M/s Total Prosthetics &
Onthotics India Pvt. Ltd.
Haryana
4 M/s BF Elbit Advanced
Systems Pvt. Ltd., Pune
To issue IPO to investors including foreign investors to carry out the

business of pharmaceutical sector.

Communication AS,
Norway
To increase foreign equity from 49% to 74% in telecom sector.
To set up a new JV company to be engaged in design, development,

manufacturing of defence related products.

Network Pvt. Ltd
7 M/s Axiom Consulting
Pvt. Ltd.
8 M/s Veritas (India)
Limited
3.
To increase foreign equity participation in telecom sector.

To issue shares to the foreign national as per a pre-agreed price.
Post facto approval has been sought for the issue of warrants. The
company is engaged in the business of import, export, trading and
distribution of metals and chemical products, power generation.
Sl.
No
1 M/s Sunil Hitech

Engineers Ltd., Nagpur
To issue warrants to FIIs to carry out the business of execution of

projects in the power and infrastructure sector.
2 M/s Triton Hotels and

Resorts Pvt. Ltd.
Mumbai
Ltd., Bangalore
Post facto approval for issuance of partly paid up shares.

The
Post facto approval has been sought for the issue of warrants to carry
out the business of Floriculture & Food processing under controlled
conditions.
4.
The following 01 (One) proposal has been recommended to advise the applicant that the
proposal is not within the purview of FIPB:
No.
1 M/s Tata Advanced
Materials Limited,
Bangalore
5.

Indian company engaged in manufacturing of defence related
products has sought post facto approval for shares already held by
NRI in the company on portfolio basis.
Decision in the following 2 (Two) proposals will be communicated separately:

No.
1 M/s Bay Capital
Investment Ltd,
Mauritius
2 M/s Hubert Burda
Media India Pvt. Ltd
Acquisition of shares in a listed Indian Company

which is the Core Investment Company of a leading
infrastructure developing group of companies.
WoS of a foreign company to act as an operating
cum investing company and to make downstream
investment in an Indian company engaged in
printing and publishing of speciality magazines.
*****
FDI/NRI
inflows
(` in crore)
100.00
7.00
No.11(1)/2008FIPB
GovernmentofIndia
MinistryofFinance
(FIPBUnit)
*****
Datedthe31stOctober,2008
PRESSRELEASE
held on 24th October, 2008, Finance Minister, Shri P. Chidambaram has approved 40 Proposals of
Ministries/Departments, namely, Commerce, Economic Affairs, Industrial Policy & Promotion,
Information & Broadcasting, Power, Urban Development, Information Technology,
Telecommunication,FinancialServicesandRoadTransport&Highways.
(P.K.Bagga)
OSD(CM&I)
23094172
To
(ShriB.S.Chauhan)
MinistryofFinance
Copyto:
1.
PPStoJS(FT)
2.
NIC(DEA)
3.
FacilitationCounter
4.
DIPP(FDIDataUnit)

24.10.2008
Following40(Forty)caseshavebeenapproved.
No.
FDI/NRIinflows
(Rs.InCrore)
COMMERCE
1 M/sSherwinWilliams
Company,USA
To invest in the Indian subsidiary to enable the

conductingoftestmarketingandtosetupretailstores
for carrying out the contemplated test marketing
activities.
2 M/sS.OliverBerndFreler To acquire 50% equity for retail trading under single

Gmbh&Co.
brand.
2.40
US$
5Million
(Rs.24.90Crore)
ECONOMICAFFAIRS
3 M/sILFSORIXTrust
CompanyLtd.,Mumbai
To make investment from the Foreign Offshore Fund

into the Trust and to issue units in the Trust to the
offshorefund.
400.00
4 M/sPegasusAssets
Tosubscribetoequitysharesatapricehigherthanthe
ReconstructionPvt.Ltd., pricedeterminedasperthepricingguidelinesissuedby
Mumbai
theRBI.
51.66
5 M/sAliedDigitalService Transferofsharesbywayshareswap.
Ltd.,Mumbai
6 M/sINXNewsPvt.Ltd.,
Noida
NoFreshInflow
(i) To issue equity shares for making downstream

investment to the extent of 26% of the issued and
outstanding equity share in the equity share capital of
the applicant company, and (ii) Indirect foreign
investmenttotheextentofapproximately12.01%ofits
equity capital, from and out of the above 26% equity
holding.
26.00
8.10
8 M/sSpicejetLtd,Gurgaon Issuance of warrants having option to convert into

equivalentnumberofequitysharesonpreferentialbasis
in one or more trenches for providing domestic airline
serviceinIndia.
60.59
7 M/sAshokaBuildcon
Ltd.,Nasik
9 M/sAthenaProject
PrivateLtd.,NewDelhi
TransferofsharesfromIndianentitytoNR.
10 M/sCroupierPrive
Mauritius
Tomakeinvestmentincommodityexchanges.
11 M/sEtisalatSoftware
SolutionsPvt.Ltd.,
Bangalore
Regularization of allotment of shares at a premium

againstthepreincorporationexpenses.
71.25
47.57
0.92
12 M/sMahindraHolidays& Conversionofoperatingcompanyintoanoperatingcum
ResortsIndiaLtd.,
Chennai
12.37
13 M/sAlmondzGlobal
Postfacto approval for foreign equity participation by
SecuritiesLtd.,NewDelhi way of subscribing to fully convertible warrants
convertibleintoequityshares.
8.53
14 M/sForumVenturesPvt. Conversionofoperatingcompanyintoanoperatingcum
Ltd.,Kolkata
99.97
15 M/sLouisVuitton
Malletier
150.00
16 M/sKaalFlexPvt.Ltd.
To issue equity shares at a premium against the

payment made for installation of plant and machinery NoFreshInflow
andprovidingtechnicaltraining.
17 M/sArmetArmored
Vehicles(India)Ltd.,
Kanpur
To set up a JV company to manufacture bodies

(including Cabs) designed to be mounted on motor
vehicles chassis for special purpose motor lorries,
armouredcarsetc.
2.55
18 M/sStarCJNetworkIndia To invest up to 100% to undertake the creation of
Pvt.Ltd.,Mumbai
televisionchannelsforthepurposeofbroadcastingand
fordistributionthroughmediaplatforms.
0.01
POWER
19 M/sISNIElectricPower
CompanyPvt.Ltd.,USA
ToissueandallotequitysharesinconsiderationforPre
incorporationexpensesinpowergenerationsector.
0.69
URBANDEVELOPMENT
20 M/sU.DORIEngineering Conversionofoperatingcompanyintoanoperatingcum
WorksCorporationLtd., holdingcompanytomakedownstreaminvestment.
Hyderabad
125.00
ECONOMICAFFAIRS
21 M/sMarks&SpencerPlc Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
holdingcompany.
22 M/sABBHoldings(South Merger and allotment of shares pursuant to the orders
NoFreshInflow
Asia)Ltd.
passedbytheHonbleHighCourtofKarnataka.
23 M/sSCICOM
TechnologiesPvt.Ltd.
To relax one of the conditions imposed in the approval

letter, which requires the completion of the closure of
NoFreshInflow
Branch before allotting equity shares in discharge of
consideration.
24 M/sMaanaveeya
Holdings&Investments
Pvt.Ltd.
(i) Removal of the one of the clause of the approval

letter, and (ii) conversion of Redeemable Non NoFreshInflow
ConvertiblePreferenceSharesintoequity.
25 M/sPhilipsElectronics
IndiaLtd.
NoFreshInflow
26 M/sYamahaMotorIndia TransferofbusinessoperationsandFCapprovalwithout
NoFreshInflow
Pvt.Ltd.
transferofequity.
27 M/sBaringsIndiaLtd.
(nowknownas
NoFreshInflow
MacquarieCapital
Advisers(India)Pvt.Ltd.
INFORMATON&BROADCASTING
28 M/sAsianet
CommunicationsLtd.
Demergerandtransferofsharesbywayofshareswap.
NoFreshInflow
29 M/sBalajiTelefilmsLtd.

company into an operating cum holding company to NoFreshInflow
30 M/sGeomysoreServices Conversionofoperatingcompanyintoanoperatingcum
NoFreshInflow
(India)Pvt.Ltd.
TELECOMMUNICATION
31 M/sUnitedVillages
NetworksPvt.Ltd.
Deletionofoneoftheclausefromtheapprovalletteras
the activity undertaken by the company is not NoFreshInflow
categorizedinthatcategory.
COMMERCE
32 M/sInterglobe
EnterprisesLtd.,New
Delhi
To set up a new JV to undertake the operation and

managementofoneormoredutyfreeshops.
0.51
33 M/sMcleodRusselIndia Toincreaseinthelimitoftotalholdings;ofallFIIs/sub
Ltd.,Kolkata
accountsofFIIs,puttogether,from24%ofthepaidup
(i)capitalofthecompanyto40%ofthepaidupcapital
of the company; and (ii) value of respective series of
NoFreshInflow
convertible debentures of the company to 40% of the
paid up value of the respective series of convertible
debenturesofthecompany.Thecompanyisengagedin
growing,manufacturingandsellingofbulktea.
ECONOMICAFFAIRS
34 M/sTutorvistaGlobal
Pvt.Ltd.,Chennai

NoFreshInflow
companyintoanoperatingcumholdingcompany.
35 M/sAdaniPowerLtd.,
Ahmedabad

29.69
36 M/s.Asset
Induction of a new foreign collaborator and increase in
ReconstructionCo.(India) the foreign equity participation from 5% to 14.66% in
Ltd.
theAssetReconstruction.
272.86
FINANCIALSERVICES
37 M/sRussellSquare
Tosetupa JVtoundertakethe businessofAdvertising.
HoldingB.V.Neetherland ProposalattractsPressNote1of2005.
38 M/sAmarUjala
PublicationsLtd.
0.80
Amalgamation of two companies consequent upon the

NoFreshInflow
orderofHonbleHighcourt.
39 M/sMekaInfrastructure Conversion from operating company to operating cum
Pvt.Ltd.,Mumbai
holdingcompanytomakedownstreamInvestment.
10.00
TELECOMMUNICATION
40 M/sEsselShyam
CommunicationLtd.,
Noida
To acquire equity shares and issue of warrants to

subscribetocompulsoryconvertiblepreferenceshare.
92.14
2.
Thefollowing7(Seven)proposalshavebeenrecommendedtobedeferred:
Sl.
No
Nameoftheapplicant
1 M/sGallagherMautitius TransferofsharesbywayofshareswapinITsector.
Holdings,Mauritius
2 M/sWorldSpace(I)Pvt. Toprovide/undertaketheactivitiesofwebbasedservices.
Ltd.
3 M/sZFFriendrichsafen
AG,Germany
TosetupanewJointVentureCompanyformanufacturingandmarketing
ofrubberandrubbertometalpartsforautomotiveindustry,agriculture
and construction machinery, railway and construction application. The
4 M/sG4SCorporate
ServicesIndiaPvt.Ltd.,
Gurgaon

IndianHoldingCompanytomakedownstreaminvestment.
5 M/sQuEST
Conversion from operating company to operating cum holding company
ManufacturingPvt.Ltd., tomakedownstreamInvestment.
Bangalore
6 M/sDelightInvestments InductionofforeignequityintwoIndiancompaniesandtoconverttheir
PteLtd.,Singapore
MauritiusPvt.Ltd
3.
Toincreaseinforeignshareholdingfrom50%to74%.
Thefollowing4(Four)proposalshavebeenrejected:
Sl.
No
Nameoftheapplicant
1 M/sKeppelPuravankara To sell a part of unused land out of the total plot which was initially
DevelopmentPvt.Ltd., acquiredtoundertakeaconstruction/housingproject.
(KDPL),Bangalore
2 M/sRISHPTELtd.,Cook PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
Islands
3 M/sRISHPTELtd.,Cook PostfactoapprovalfortheFDIalreadybroughtinunderautomaticroute,
Islands
4 M/sGeldConsultancy
ServicesPvt.Ltd.,
To set up JV to carry out the activities of Global Positioning System

Hardware&Softwareandservicesandrelatedequipmentfields.
Mumbai
4.
The following 2(Two) proposals have been recommended for the consideration of CCEA, as the
investmentinvolvedintheproposalsisaboveRs.600.00Crore.
Sl.
No
Nameoftheapplicant
FDI/NRI
inflows(Rs.
InCrore)
1 M/sTPGIndia
InvestmentsI,Inc.,
Mauritius
(i) Issuance of warrants, and (ii) Conversion of operating

companyintoanoperatingcumholdingcompanytomake
downstream investment to carry out the activities of
Investmentholdingcompany.
805.61
2 M/sSuzlonEnergyLtd.,
Ahmedabad

holdingcompanytomakedownstreaminvestmenttocarry
out activities of production and manufacture of wind
turbinegeneratorsandgeneratingsets.
1800.00
5.
1(One)proposalhasbeenrecommendedfortheconsiderationofCCEA,astheinitialapprovalwas
grantedbyCCFI(nowCCEA).
Sl.
No
Nameoftheapplicant
1 M/sPepsicoIndia
HoldingsPvt.Ltd.
ToincreasetheapprovedequityfromUS$405Millionto
US$ 455 Million and also to delete a condition in the
approval letter. The initial proposal was approved by
FIPB/CCFI.
*****
FDI/NRIinflows
(Rs.InCrore)
US$50Million
(Rs.249.05
Crore)

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F. No.

Name of the applicant

1 M/s Stemcor Holdings

Particulars of the proposal

An International steel trading group having a majority

1. Following twenty five ( 25 ) cases have been approved .

Particulars of the proposal

M/s. Blackstone GPV

subsidiaries in the financial sector.

Transfer of shares by way of share swap

Conversion of operating company into an operating 14.00

Induction of foreign equity by way of subscribing to 1460.00

Conversion of status of operating company into 400.00

To undertake activities of offering GSM based cellular 1950.00

Mr. Chetan J. Shah

M/s. India Rizing

Particulars of the proposal

To set up a WOS to undertake the activities of developing and

Sd/( P.K. Bagga)

Details of proposals approved in the FIPB Meeting held on 7.3.2008

Particulars of the proposal

Induction of foreign equity in a company which

M/s. Bharat Connect Change in the status of operating company into

Induction of foreign equity by a holding company 195.00

M/s. Cushman &

ExPostfacto approval to act as a holding

M/s. JSW Energy

Induction of FDI in a holding company through

3. The following (7 ) proposals have been recommended to be deferred:

M/s. Russell Square

M/s. RISH PTE Ltd.

Particulars of the proposal

Induction of foreign equity in an Indian company by way of

M/s. KNOX Holding

Transfer of shares held by an OCB by way of sale by a foreign

4. The following (4 ) proposals have been rejected:

M/s. Red Fort India

Particulars of the proposal

Contributions by offshore corporate entities owned by NRIs to the

Sd/( P.K. Bagga)

The Following (15) cases have been approved.

CHEMICALS & PETRO-CHEMICALS

INFORMATION & BROADCASTING

Induction of foreign equity up to 5%

M/s. Shell Gas (LPG)

M/s Shell India

Payment of royalty to an SPV consequent

Induction of foreign equity in a

To set up a new WOS to undertake the

To set up a small scale Industrial Unit with a

Particulars of the proposal

3. The following proposal has been rejected:

Particulars of the proposal

Reasons for rejection

Induction of foreign equity in

Activity does not fall under the

Sd/( P.K. Bagga)

Details of proposals considered in the FIPB Meeting held on 9.5.2008

Particulars of the proposal

To set up a new JV to undertake test 78.00

M/s. DLF Limitless

Particulars of the proposal

Issue of shares in lieu of preincorporation expenses