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Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held
on 19th December 2014, the Government of India has approved twelve (12) proposals of Foreign
Direct Investment (FDI) amounting to Rs.1827.24 crore approximately.
In addition, one proposal relating to M/s HDFC Bank Limited has been recommended for
consideration of Cabinet Committee on Economic Affairs (CCEA).
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
19.12.2014 are as follows:
Following 11 (eleven) proposals have been approved by the Government:
Sl
. No.
Name of the
Gist
applicant
proposal
of
the
A 100% foreign
owned
Indian
brownfield
pharma
company is seeking
approval
for
the
issuance of equity
shares amounting to
M/s
USD
70
million
Tevapharm
(approx.) to M/s Teva
India Pvt. Ltd Pharmaceutical
Investments
Singapore Pte Ltd.,
Singapore (existing
investor)
thereby
increasing its current
shareholding
of
55.13% to 74.20%..
M/s
Symbiotec
Pharmalab Limited,
an existing pharma
company, is seeking
M/s
approval
for
Symbiotec
increasing
foreign
Pharmalab Pvt. investment in its paid
Ltd., MP
up capital by transfer
of its equity shares
from
resident
shareholders
to a
non-resident.
Sector
Proposed
FDI (in Rs.
crore)
Pharma
422.00
Pharma
3.36
(approx.)
M/s
Fresenius Kabi
India Private
Ltd.
M/s Novartis
Healthcare Pvt.
Ltd.
M/s
Intonation
Research
Laboratories
Pvt. Ltd.
M/s
Ratnakar Bank
Limited,
Mumbai
M/s Napesco
International
Petroleum
Services
Company
(WLL), Kuwait
M/s Signet
Plastic Pvt. Ltd
M/s
Lausanne
Hospitality
Consulting Sa,
Switzerland
Mr. Anurag
Kumar
10
aggregate
foreign
investment from the
approved 55% to 74%
M/s
Napesco
International
Petroleum Services
Company
(WLL),
Kuwait and others
propose to set up an
LLP with foreign
investment
upto
99.99% of the capital
of the proposed LLP.
M/s Signet Plastic
Pvt.
Ltd.
for
conversion
of
Company into LLP.
M/s Signet Plastic
Pvt.
Ltd.
was
incorporated
on
18/02/2011 and is
currently
in
the
construction phase for
manufacturing
of
plastic products.
M/s
Lausanne
Hospitality
Consulting
(LHC)
SA,
Switzerland
proposes to set up an
LLP with foreign
investment
upto
99.99% in hospitality
training
and
consulting services in
the
field
of
hospitality.
M/s
Biodeal
Pharmaceuticals
Private
Limited.
(BPPL) formed in
December 2005, is an
existing
pharma
manufacturer, having
their
own
manufacturing plant
situated in Himachal
Pradesh.
The
company is currently
held 51% by M/s
Hovid Berhad, a
Malaysian company
and the balance 49%
LLP
24.99
LLP
Nil
LLP
1.79
Pharma
20.00
11
by
the
Indian
promoters
group
represented by Mr.
Thobanbhai Kurjibhai
Patel.
For decision on the
additional conditions
M/s Dr.
imposed by Ministry
Willmar
of Health & Family
Schwabe India Welfare and Ministry
Private Limited of Environment &
Forest post the FIPB
meeting.
Recommended
with additional
conditions as
imposed by
Ministry of
Environment &
Forest
Nil
Sl.
No.
1
Name of the
applicant
Sector
Telecom
IT /
Broadcasting
IT /
Broadcasting
Misc Trading
Misc Trading
Pharma
Pharma
Pharma
Misc Trading
Civil
Aviation
11
M/s Ostro
Energy Private
Limited, Delhi
12
M/s
Monsoon
Capital LLC,
USA
Investing
Company
Misc Alternative
Investment
Fund (AIF)
The following three (03) proposals were approved under the automatic route:
Sl.
No.
Name of the
applicant
M/s GMU
Infosoft Pvt. Ltd.
M/s U Infosoft
Pvt. Ltd.
M/s Cerner
Healthcare Solutions
Pvt Ltd, Bangalore
Sector
Misc Manufacturing
Misc
Misc
LLP
The following one (1) proposal has been recommended for consideration of the CCEA, as the
investment involved in the proposals is above Rs.1200.00 crore:
Sl.
No.
Name of the
applicant
Release Id : 114497
Sector
Financial Services /
Banking Private
Sector
Sl.
No
Name
applicant
of
the
1.
M/s Medicamen
Biotech
Limited,
Delhi
2.
M/s Mahanagar
Gas Limited
3.
M/s
TutorVista
Global
Private
Limited, Chennai
4.
M/s
CSC
Computer Sciences
International
Operations Limited,
United Kingdom
Sector
5.
M/s
(India)
Limited
6.
Ventura
Private
Pharma
P&NG
(Others)
Nil
IT &
ITES
IT
ITES
IT &
ITES
I&B
Proposed
FDI
(In Rs.Crore)
0.15
(approx)
Nil
&
30.00
(approx)
Nil
4.61
(approx.)
collaborators.
7.
8.
M/s
Syssmart
Services
LLP,
Mumbai
(No.
FC.I118/2014)
M/s
Mahindra
CIE
Automotive
Limited, Mumbai.
(No.
FC.I
123/2014)
0.0095
Nil
Sl.
No.
Name
applicant
of
the
Sector
M/s
Syngene
International Limited,
Bangalore
Pharma
2.
M/s Biogenomics
Limited
Pharma
3.
M/s
Keppel
Puravankara
Development Private
Limited, Bangalore
4.
1.
Constructio
n
&
Development
5.
6.
7.
8.
9.
10
.
11.
12
.
M/s
Bencera
Resources
Private
Limited, Ahmedabad
I&B
Telecom
Telecom
Telecom
Others
Investing
company
Retail
trading/ Misc
Wholesale
and
Export
Trading
The following two (2) proposals have been withdrawn by the applicant:
Sl
. No.
1.
2.
The following one (1) proposal has been recommended for the consideration of the CCEA, as
the investment involved in the proposals is above Rs. 1200.00 crore:
Sl.
No
Name
applicant
of
the
Sector
.
1.
Pharma
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held
14.11.2014
are
as
follows.
Sl.
No
1
Proposed
FDI
Sector
Defence
Defence
I&B
0.1
I&B
(43/AM/2014)
10
I&B
184
Others
NIL
(Already
brought
in)
Pharma
others
NIL
(Already
brought
in)
42
NBFC
90
11
12
M/s
Panacea
Biotech
Limited,
Delhi
(No.
122/2014-FC.I)
13
14
15
Pharma
Pharma
250
Pharma
25
Pharma
98.25
Pharma
Sector
M/s
Augere
Wireless
Broadband
India
Private
Limited,
New
Delhi
[No.
FC.II 27(2011)/242(2010)]
M/s O-zone Networks Private M/s O-zone Networks Private Limited Delhi, others
Limited, Delhi. (No. 114/2014- engaged in telecom sector and with 33.33%
FC.I)
existing FDI from M/s AL Telecom Holdings
(India) Limited, Cyprus, seeks approval for
upto 100% foreign investment by M/s Ozone
BV, Netherlands by way of purchase of the
equity share capital existing foreign and
domestic shareholders.
M/s Holcim (India) Pvt. Ltd. Approval has been sought by M/s Ambuja others
[No.
FC.II. Cements Ltd., for the acquisition of 24%
360(2002)/479(2002)]
shares in its holding company; Holcim (India)
Pvt Ltd from the latters holding company M/s
Holderind Investments Ltd (NR) and
subsequent reverse merger through a share
swap.
M/s FTF Pharma Pvt Ltd., Approval has been sought by M/s FTF Pharma Pharma
Ahmedabad (No. 94/2014- Private Limited, a brownfield pharmaceutical
FC.I)
company for issuance of equity shares on a
right basis to its existing foreign shareholder in
the proportion of the shares held.
Sector
M/s Phil Arthur Bedford, Mr. Phil Arthur Bedford, a British National and others
Dubai
Dubai Resident has sought approval to set up an
( No. 101/2014-FC.I)
LLP in India which will act as the Master
Franchisee of the Referral Institute, an institute
engaged in providing consultation tools to help
business professional to gain financial success
through relation based referral marketing.
In respect of the following one (1) proposal, the recommendation is to advise the applicant that the
proposal does not lie before FIPB, since the present activity is under automatic route:
Sl.No
.
1
Sector
The following one (1) proposal has been recommended for the consideration of CCEA, as the
investment involved in the proposals is above Rs. 1200.00 crore:
Sector
M/s HDFC Bank Ltd. Approval has been sought by, M/s HDFC Bank Banking
(No.FC.I-231/2013)
Limited for maintaining the permissible foreign Private Sector
Press Release :
Government approves Twenty (20) Proposals of Foreign Direct Investment amounting to Rs 988.3
Crore
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held
on September 16, 2014, the Government has approved twenty (20) proposals of Foreign Direct
Investment amounting to Rs. 988.3 crore approximately.
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on
16th September, 2014 are as follows:
1.
S
l.
No.
Name of the
applicant
M/s
Verizon
Communications India
PrivateLimited
[No.FC.II39/2002]
M/sIronmanMediaand
Advisory Services Private
Ltd.
(No.
11/SIA/NFC/2014)
M/sAxesStudiosLLP
(No.10/SIA/NFC/2014
FCI)
Propos
ed
amount
of FDI (in
Rs. Crore)
Nil
Nil
Rs. 5.6
Crore
Rs. 2.32
Crore
Sector
Defence
Defence
Civil
Aviation
Telecom
Rs. 0.30
Crore
Print
Media
Rs. 0.99
Crore
IT
M/s MapfreAsistencia
Camp A+ Aa International
de SegurosYReaseguros,
SA(No.245/2013FC.I)
M/sMedipassSRL,Italy
(No.83/2014FC.I)
M/s
Intas
Pharmaceuticals Limited,
Ahmedabad
[No.FC.II334/2005]
M/s.
Koye
Pharmaceutical Private
Limited
(No.41/2014FC.I)
Rs. 1.70
Crore (US$
0.275
million)
Insurance
Rs. 0.15
Crore
NBFC
Nil
Rs. 325
Crore
Nil
Rs.15.11
Crore
Nil
Rs. 7.50
Crore
NBFC
Investing
Company
NBFC
Pharma
Pharma
Pharma
M/s
Amneal
Pharmaceuticals Company
IndiaPvt.Ltd.
(No.67/2014FCI)
M/s
Ferring
PharmaceuticalsPvt.Ltd.
(FC.II456/1996)
M/sTaraIndiaFundIV
Trust,Mumbai
(No.102/2014FC.I)
UptoRs.
205Crore
Pharma
Rs. 119
Crore
Pharma
Nil
Pharma
Not
indicated
Banking
PrivateSector
Nil
Whole
SaleTrading
Rs
305.63Crore
(US$ 50
million)
Investing
Company
2.
S
l.
No.
1
6
7
Name of the
applicant
M/s
Pureplay
Investment Partners,
Mauritius
(No.FC.I270/2013)
ProposalforFDIbyM/sPureplayInvestmentPartners
Mauritiusin:
(a) upto 74% in M/s Indiverse Broadband Private
Limited, an existing company engaged in the cable
televisionnetworksbusinessandundertakingupgradation
of networks towards digitization and addressability (b)
49%in(JVCI)and49%in(JVC2)(bothJVCwillbeact
asinvestingcompany).
M/s ASV Europa
M/s ASV Europa Security Private Limited,
SecurityPrivateLimited, Secunderabad seeking permission for receiving 49%
Secunderabad (No. foriegn investment in Security Services and Man Power
91/2014FC.I)
recruitment & training services by way of transfer of
sharesfromitscurrentIndianShareholder.
M/s Halyard Health
ApprovalhasbeensoughtbyM/sHalyardHealth,Inc,
Inc., USA (No. USA, WoS of Kimberley Clark group to set up a new
109/2014FC.I)
company in India to be engaged in import and sale of
healthcareproductsonWholesalebusinessandtransfer
ofsomeassetsfromoneWoStothenewcompany.
M/s BeloorBayir
M/s BeloorBayir Biotech Limited Bangalore, with
Biotech
(No. M/sIndiaAgriBusinessFundLtd.Mauritiusproposesto
111/2014FC.I)
acquire,bywayofmerger,theentiresharecapitalofM/s
BayirChemicalsIndiaPrivateLimited,BangaloreandM/s
SnehaNuturaIndiaPrivateLimited,bothcompaniesbeing
engagedinpharmaceuticalssector.
Mr. Anurag Kumar
The applicant has sought Government approval for
(No.12/SIA/NFC/2014)
acquisition of 100% equity of BPPL. The proposal has
been supported by the consent of existing shareholders
andBoardResolutionoftheinvesteecompany.
M/s Tevapharm India
A 100% foreign owned Indian brownfield pharma
Pvt. Ltd. [FC.II company is seeking approval for additional capital
35(2001)/45(2001)]
infusion.
M/s
GMU
companyproposestoissue2750equityshares(1.52%
InfosoftPvt.
equity)ofRs.10/each,toMr.RamneetSinghRekhi,USA,
Ltd.
NRIand2750equityshares(1.52%equity)ofRs.10/each
(No.
toMr.SartajSinghRekhi,USA,NRI.
17/SIA/NFC/2011FCI)
M/s U InfosoftPvt.
The company proposes to issue 2750 equity shares
Ltd.
Sector
Telecom
Private
Security
Agencies
Pharma
Pharma
Pharma
Pharma
Others
Others
3.
S
l.
No.
1
Sector
Defence
Telecom
Pharma
Pharma
Pharma
4.
In respect of following two (02) proposals, the recommendation is to advise the applicants
that FIPB approval is not required in their cases:
S
l.
No.
1
Name of the
applicant
M/s Kineco Kaman
CompositesIndiaPvt.Ltd.
(No.FC.I100/2013)
Sector
Defence
NBFC