Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 207th meeting held on 4th July, 2014, the Government has approved Fourteen (14) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1528.38 crore approximately.
Details of proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 4.7.2014 are as follows:
Following Fourteen (14) proposals have been approved.
|S.No||Name of the Company||Gist of the Proposal||Proposed Amount of FDI||Sector|
|1||M/s Johnson and Johnson Limited||M/s Johnson and Johnson Limited proposes to amalgamate with M/s DePuy Medical Private Limited and subsequently allot 326,752 fully paid up equity shares of Rs. 100 each to the shareholders of DMPL.||‘Nil’||Pharmaceuticals|
|2||M/s Global Pharmatech Private Limited, Bangalore||
M/s Global Pharmatech Private Limited is seeking permission to issue and allot 19,68,750 equity shares of Rs.96 each to M/s PharmaScience Inc. will towards Foreign Direct Investment of US $ 3 million.
|Rs. 18.90 Crore
(in three tranches)
|3||M/s A. Menarini India Private Limited||M/s A. Menarini India Private Limited is seeking approval for the issue equity shares to M/s A. Menarini Asia-Pacific Pte Ltd, Singapore, against receipt/ infusion US $15 million.||Rs.91.1 Crore (approx.)
(USD 15 million)
|4||M/s Kinedex Healthcare Private Limited, Jaipur||M/s Kinedex Healthcare Private Limited, an existing Indian pharma company, is seeking approval for increase foreign equity participation from 10% to 20%.||Rs. 3.52 crore||Pharmaceuticals|
|5||M/s Par Formulations Private Ltd.||M/s Par Formulations Private Limited (PFPL) is seeking approval for expanding its business in India by way of acquiring the entire shareholding in a company||Rs. 11.421 Crore (USD 1.9 million)||Pharmaceuticals|
|6||M/s Open Source Software Solutions LLP, Hyderabad||M/s Open Source Software Solutions LLP has sought approval to transfer capital to M/s Open Source Consulting Group Inc, USA, on a fully repatriable basis upto 97% of its total capital.||Rs. 0.0267 Crore (Approx)||IT|
|7||M/s Golden Agri Resources (India) Private Limited,||M/s Golden Agri Resources (India) Private Limited, (GAR INDIA) is seeking approval for downstream investment through subscription to FDI Compliant instruments approximately up to of US 80 million.
Rs. 485.9 Crore
|(approx.) (USD 80 millionapprox)||Others|
|8||M/s FG International (India) LLP, Ahmedabad||Approval has been sought by M/s FG International (India) LLP, Ahmedabad for foreign contribution ofRs. 1 Crore comprising 90% stake by M/s ForeverGreen International LLC, USA.||Rs. 1.0 Crore
[Rs. 90,000 would be upfront andRs.99,10,000 would be contributed from time to time
|9||M/s LeibherrCMCTec India Private Limited, Maharashtra||Approval has been sought by M/s Liebherr-CMCtec India Private Limited to issue 3,89,864 equity shares of Rs.10 each of the company amounting toRs.38,98,642/-. The said cash consideration has been indirectly received into the account of the company.||Rs. 0.39 Crore (approx.)
(already brought in for the purpose of acquiring land)
|10||M/s Samtel Thales Avionics Limited||An Indian company, M/s Samtel Thales Avionics Limited, engaged in Defence Sector proposes to expand its business activities in the same sector.||Nil||Defence|
|11||M/s Security and Intelligence Services (India) Limited.||Approval to M/s Security and Intelligence Services (India) Limited to issue 20,000 equity shares under ESOP to employees of its overseas subsidiary namely M/s SIS International Holdings Limited (SIHL).||Nil||P.S.A.|
|12||M/s Sinclairs Hotels Limited, Kolkata||M/s Sinclairs Hotels Limited, Kolkata has sought post-facto approval for 24,00,116 warrants issued by the company in 2007 to three Mauritius based Companies which were converted into 24,00,116 equity shares by April 2009.||Rs.41.52 crores
|13||M/s ACME Solar Energy Pvt. Ltd., Gurgaon||M/s ACME Solar Energy Pvt. Ltd., Gurgaon, an investment holding company engaged in solar power business, is seeking approval for NR to NR transfer of shares and to increase foreign investment from 50% to upto 76%.||Rs. 275 crore (already approved)||Power|
|14||M/s Laurus Labs Private Limited (Formerly known as M/s AptuitLaurus Private Limited)||A Brownfield pharma company is seeking approval for additional FDI and NR-NR transfer by subscription and transfer of CCPS.||Rs. 600 crore approx.||Pharmaceuticals|