The details of the proposals approved are as follows:
Sl. No. |
Name of the applicant |
Particulars of the proposal |
FDI/NRI inflows (Rs. In crore) |
AGRICULTURE & COOPERATION
1 |
M/s. Phoenix Comtrade Pvt. Ltd. Mumbai |
Induction of foreign equity upto 100% in this company by Phoenix Commodities Ltd., British Virgin Islands, proposed to be engaged in the activity of future markets/trading on commodity exchanges besides other wholesale/export/import trading activities |
4.14 |
COMMERCE
2 |
M/s. Diesel Fashion India Arvind Pvt. Ltd. |
To set up single brand Diesel Retail stores in India with a foreign equity of upto 51% from Diesel International BV, Netherlands, to undertake Men's and women's wear, Footwear and related accessories etc., in collaboration with Arvind Mills Limited |
5.10 |
3 |
M/s. Tod's Hong Kong Ltd. |
To set up a single brand Tod's Retail stores in India with a foreign equity of upto 51% from Tod's Hongkong, to undertake selling including leather items, shores, men and women ready to wear and accessories, in partnership with Bukhanvala Holdings Limited. |
5.70 |
HEAVY INDUSTRY
4 |
M/s. JTEKT Sona Automotive India Ltd, New Delhi |
To set up a joint venture company with a foreign equity of 51% from JTEKT Corporation, Japan, to undertake manufacture and sell Column Type Electric Power Steering (C-EPS) Systems. Proposal attracts Press Note 1 (2005 series). Indian partner is Sona Koyo Steering Sysytems Limited. |
28.917 |
INFORMATION & BROADCASTING
5 |
M/s. Publicis Group Holding B.V. Netherland |
Induction of foreign equity upto 100% by way of acquisition of 30,000 equity shares of an Indian company viz., Capital Advertising Private Limited engaged in the business of advertising and public relations |
0.03 |
TELECOMMUNICATIONS
6 |
M/s. OnMobile Asia Pacific Pvt. Ltd. Bangalore |
Issue of shares by way of share swap, for acquiring a French Company VoxMobile S.A. |
No fresh inflow |
ECONOMIC AFFAIRS
7 |
M/s. Rickshaw Delivery |
Increase in NRI equity from 50% to 100% by way of acquisition of shares of a partnership firm, the additional 50% being permitted on non-repatriation basis. |
0.15 |
8 |
M/s. Sogeparticipations, France |
To set up a WOS to undertake the activities of portfolio management services and investment advisory services. Proposal attracts Press Note 1 (2005 series) |
205.8 |
9 |
M/s. New Vernon Pvt. Equity Ltd, Mauritius |
Induction of foreign equity in Delhi Stock Exchange by way of acquisition of up to 5% of shares |
10.61 |
10 |
M/s. Passport Global Master Fund SPC Ltd. British Virgin Islands |
Induction of foreign equity in Delhi Stock Exchange by way of acquisition of up to 5% of shares |
10.61 |
INFORMATION & BROADCASTING
11 |
M/s. Wiley India Pvt. Ltd. |
To undertake additional activities of printing, publishing, re-printing and import of specialty magazines/ journals, scientific business magazines, literary education, technical reference and leisure books |
No fresh inflow |
ECONOMIC AFFAIRS
12 |
M/s. Mindtech (I) Ltd. |
Issue of shares partly by way of cash and party by way of share swap for acquiring four overseas companies |
No fresh inflow |
CONSUMER AFFAIRS
13 |
M/s. ED & F Man Commodities Pvt. Ltd. |
To undertake additional activities of trading in commodities and commodity derivatives on various recognized commodity derivatives exchanges, without undertaking retail trade or brokerage |
No fresh inflow |
ECONOMIC AFFAIRS
14 |
M/s. Kazstroy Services plc. UK |
Induction of FDI, by way transfer of shares from NRIs, into three operating cum holding companies, having downstream subsidiaries in construction sector |
4.3225 |
15 |
M/s. E-18 Ltd, Cyprus |
To undertake additional activities of electronic mail |
No fresh inflow |
16 |
M/s. Equant Network Services India Pvt. Ltd. Gurgaon |
Induction of foreign equity upto 74% by EGN BV,Netherlands and Equant Pte Singaporein a company engaged in ILD and NLD telecommunication services |
9.39 |
CHEMICALS & PETROCHEMICALS
17 |
M/s. Dyster India Pvt. Ltd. |
Conversion of operating company into operating-cum-holding company to make downstream investment by way of transfer/as also buy-back of shares |
No fresh inflow |
Total 284.7695 crore
The following 5 (five) proposals have been deferred:
S.No. |
Name of the proposal |
1. |
M/s. Signature Kitchens India Pvt. Ltd. |
2. |
M/s. Forever New Apparels Pvt. Ltd. |
CMA Gul S
Published in OthersSource : http://www.cbic.gov.in/newsitem05_09.htm