Govt approved 6 Proposals of Foreign Direct Investment Amounting to Rs. 232.67 crore

Sl. No.

Name of theapplicant

Particulars of the proposal

FDI/NRIinflows (Rs. In crore)

1

M/s SelanExploration 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

2

M/s GajrajCommercial 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 SphaeraPharma Private Limited, Delhi

Induction of foreign direct investment to carry on the business of drug discovery and development.

0.02

4

M/s BoskalisInternational B.V., Netherlands

To set up an LLP to undertake the activities of dredging and in maritime segment.

1.00

5

M/s SukhmaniInternational Pvt. Ltd.

Post-facto approval for allotment of shares to NRI investors towards pre-incorporation/preliminary expenses.

Nil

6

M/s Green Destinations Holdings, Mauritius

To transfer equity shares before the expiry of lock in period.

Nil

7

M/s BecktonDickinson 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 (13E Trust)

Increase in foreign investment percentage in the Trust.

40.00

9

M/s RossellAviation Pvt. Ltd., Delhi

Induction of foreign equity to undertake the business in civil & defence 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.

1.36

10

M/s SoftgelHealthcare Pvt. Ltd., Chennai

Ex-post-facto approval for allotment of shares in pharmaceuticals sector (brownfield investment).

10.00

11

M/s Fine Publishing India Pvt. Ltd.

Induction of foreign equity to carry out the business of publishing specialty/technical magazines covering the subject of wine and champagne.

0.05

12

M/s JeevanTelecasting Corporation Ltd.

Post-facto approval to ratify NRI investment.

Nil

13

M/s Royale Asia Couriers Pvt. Ltd., Chennai

Induction of foreign equity to carry out the business ofinternational courier operations.

0.24

14

M/s VRL Logistics Ltd., Karnataka

Induction of foreign equity  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.

175.00

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 ChhatrapatiShivaji international airport, Mumbai. 

5.00

16

M/s Reasoning Global e-Application Ltd.

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

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Advent Business Credit Development Company Pvt. Ltd., Pune

Post facto approval for (i) undertaking wholesale trading activity since during year 2000-01 to 2001-02; (ii) issue of equity shares against pre-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 Trust

Induction of foreign investment in a Trust.

6

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.

7

M/s PlethicoPharmaceuticals Limited, Mumbai

Induction of foreign direct investment to carry out the business of drug discovery and development.

8

M/s MathleticsPrivate Limited, Kolkata

Conversion of a Private Limited company in to a Limited Liability Partnership having foreign investment.

9

M/s Trizetto India Private Limited, Pune

Conversion of a Private Limited company in to a Limited Liability Partnership having foreign investment.

10

M/s Nilayami Realtors Private Limited, Mumbai

Post-facto approval for issuance of partly paid up shares.

11

M/s SamvardhanaMotherson Finance Ltd.

Increase in foreign equity in the investing company.

12

M/s Network 18 Media & Investment Ltd.

To undertake the additional business of Publishing Business’.

13

M/s Ankur Drugs andPharma Ltd., Mumbai

To issue warrants to carry out the business of manufacturing of pharmaceutical formulations.

14

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.

15

M/s Packt Publishing Private Limited, Mumbai

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 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

17

M/s CatvisionLimited, 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.

18

M/s CellcastInteractive India Pvt. Ltd., Mumbai

To undertake the additional activities of setting up of three Non-news and current affairs Television channels in Hindi, Tamil and Telugu in India.

19

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