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English Release 26-February 2015
Date Month Year
  • President's Secretariat
  • Parliamentary delegation from Russian federation calls on the President
  • Prime Minister's Office
  • Text of PM’s reaction on Railway Budget 2015 to DD News
  • PM appreciates Railways Budget 2015
  • PM pays tributes to Veer Savarkar on his Punya Tithi
  • Department of Atomic Energy
  • Health and education facilities extended to local people living in the vicinity of Kalpakkam and Kudankulam nuclear plants
  • Department of Space
  • Agreement in space technology for peaceful uses of outer space
  • Min of Coal
  • e-Auction for Coal Blocks
  • Works Under CSR
  • Min of Defence
  • Award of Raksha Mantri’s Trophy -2014 for Best Service Hospitals
  • Min of Earth Science
  • Protection of Coastal Areas from Rising Sea Level
  • Min of Environment and Forests
  • Minister of Environment Shri Prakash Javadekar calls the Railway Budget 2015-16 technology and people-oriented
  • Ministry of Finance
  • Appointments Committee of Cabinet Approves Criterion and Method of Selection of Managing Director and Chief Executive Officers in five Public Sector Banks; Guidelines Envisage both Governmental and Non-Governmental Candidates can Apply Who Have at Least 15 Years of Mainstream Banking Experience
  • Min of Food Processing Industries
  • Performance of Central Public Sector Enterprises (Cpses) Shows Improvement in 2013-14
  • Min of Health and Family Welfare
  • Mother, child and adolescent health high on Government agenda: Shri J P Nadda
  • Min of Home Affairs
  • Union Home Minister congratulates Minister for Railways
  • Appointment of Special Directors in IB
  • Min of Labour & Employment
  • Reaction to the Railway Budget- Shri Bandaru Dattatreya
  • Min of Micro,Small & Medium Enterprises
  • Renaming of schemes under MSME
  • Development in MSME Sector for Make in India Campaign
  • Funds sanctioned/ released under various schemes
  • Min of Mines
  • Union Steel & Mines Minister Shri Narendra Singh Tomar Lauds Rail Budget as Passenger-Friendly, Progressive and Holistic
  • Min of Personnel, Public Grievances & Pensions
  • Validity of Self Attested Documents
  • Amendment in Rules of Business of Government
  • No Stopping of Fresh Appointments
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 56.71 per bbl on 25.02.2015
  • Min of Planning
  • Steps to Equalise per capita Income Across the States
  • Objectives of formation of NITI Aayog
  • A Total of 76.83 crore Aadhaars Generated Across the Country
  • NITI Aayog to Undertake Midterm Appraisal of Ongoing Five Year Plan
  • Ministry of Railways
  • Railways to Digitize Mapping of Land Records to Counter Encroachment of Railways Lan
  • Railways Intends to set up an Innovation Council Called “Kayakalp” for Purpose of Business Re-Engineering
  • Size of Plan Budget of Railways up by 52%
  • Train Protection Warning System & Train Collision Avoidance System on Select Routes
  • Railways Intends to set up a Working Group to Modify the Present System of Accountin
  • Rs. 6,581 Crore Sanctioned for Elimination of 3438 Level Crossings in Next Financial Year
  • Seventy Seven New Railway Projects
  • Foreign Rail Technology Co-Operation Scheme Proposed to be Launched
  • Nine Major Thrust Areas in the Railway Budget 2015-16
  • Railway Minister Outlines Four Goals for Transforming Indian Railways over next Five Years
  • No hike in Railway Passenger Fares
  • Finance Ministry to Provide Budgetary Support of Rs 40,000 Crore for the Railway’s Annual Plan
  • Railways to Work on ‘Swachh Rail - Swachh Bharat’
  • MUTP III for Mumbai to be Taken Up
  • Speed of Nine Railway Corridors to be Increased
  • ‘Operation Five Minutes’ to ensure Speedy Purchase of Tickets for Unreserved Class Passengers
  • Railway Minister Spells Out Five Point Execution Strategy for Transforming Indian Railways
  • Railway Budget to Capture Increased Revenues and Ensure Appropriate Investments to De-Congest the System and Enhance Line Capacity
  • Railways to Utilise Resources from Nirbhaya Fund for Augmenting Security of Women Passengers
  • 24x7 Helpline Number 138 to Redress Problems of Passengers
  • Railways Proposes to Set up Joint Ventures with states and Major Public Sector Companies
  • Financial Performance of Railways during 2014-15
  • Design, Quality and Cleanliness of Bed Linen to be Improved
  • ‘SMS Alert’ Service for Arrival/Departure Time of Trains
  • Railways to Provide Training Centres for Skill Development
  • Provision of Hand-Held Terminals for TTEs
  • Railways to Promote Gandhi Circuit to attract Tourists
  • Railways for setting up a full-fledged railway university during 2015-16. Railways to undertake systematic human resource audit
  • Railways to Integrate Best Food Chains for E-Catering
  • Railways to ensure Highest Standards of Operational and Business Efficiency
  • Passenger and Freight Carrying Capacity to be Expanded
  • Railways Proposes to Procure Power Through Bidding Process
  • Improvement to Management Processes and Systems in Railways
  • Mobile Phone Charging Facilities to be Provided in General Class Coaches
  • Railways Intends to Further Delegate, Decentralise and De- Regulate Powers to General Managers
  • Min of Road Transport & Highways
  • NH Projects in Naxal Affected Areas
  • Speed Limit on Highways
  • Medical Services at Nationl Highways
  • 3038 km of NHs constructed till 31st January, 2015
  • NHs on Border Areas
  • Accidents Due to Overloading
  • Delay in Golden Quadrilateral
  • Highway Policing
  • Deteriorating Condition of National Highways
  • National Highways in Karnataka
  • Min of Shipping
  • Toxic Chemicals
  • Government decides to set up two new major ports
  • Revival of Ports
  • DRY PORTS
  • Min of Skill Development and Entrepreneurship
  • Training Programmes by NSDC
  • Skill Development in Naxal affected areas
  • Skill Development in Odisha
  • Make in India Programme
  • Min of Social Justice & Empowerment
  • Castes in OBC List of Rajasthan
  • Hostels under Babu Jagajiven Ram Chhatrawas Yojana
  • Empowerment of Begger Population
  • Survey to assess Drug Abuse
  • Drug Menace amongst Youths
  • Plan to Check Menace of Beggary
  • Implementation of Manual Scavengers Act
  • Steps for Bringing Transgender in Mainstream
  • Min of Steel
  • Union Steel & Mines Minister Shri Narendra Singh Tomar Lauds Rail Budget as Passenger-Friendly, Progressive and Holistic
  • Min of Urban Development
  • Railway Budget2015-16 is the most reassuring of recent times, says Shri M.Venkaiah Naidu
  • Women to be given priority under Swachh Bharat Mission
  • Ministry of Water Resources
  • DPR on Kosi River Flood Control Measures
  • Development of Water Resources Information System
  • Rs.2256 Crore Sanctioned for Rejuvenation of Ganga in UP
  • Pollution Contol Measures in Godavari River
  • Min of Women and Child Development
  • 81.91% Anganwadi Centres have pucca buildings; Approval for construction of 2 lakh Anganwadi Centre Buildings during 12th Plan
  • Continuous awareness and sensitisation programmes being organised under Beti Bachao, Beti Padhao programme

Previous Date

 
Ministry of Finance10-February, 2012 18:02 IST
20 FDI Proposals Approved
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on January 20, 2012, Government has approved 20 Proposals of Foreign Direct Investment amounting to ` 1034

 

 

 

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on January 20, 2012, Government has approved 20 Proposals of Foreign Direct Investment amounting to ` 1034.371 crore approximately. 

 

 

Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 20.01.2012     

 

            Following 20 (Twenty) proposals have been approved.

 

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (` In crore)

COMMERCE

 

1

M/s Canali Holding S.P.A, Italy

To set up a JV company with 51% foreign equity participation for single-brand retailing.

7.65

2

M/s Timex Garments Pvt. Ltd.

To set up a JV with 50% equity participation to set up single brand retail stores.

0.50

CONSUMER AFFAIRS

 

3

M/s Interactive Brokers (India) Pvt. Ltd., Mumbai

To set up a WoS in India to carry out the business of 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 (India) Pvt. Ltd., Mumbai

Ex-post-facto approval for issue of partly paid up shares to carry out the business of manufacturing of industrial valves, magnetic level gauges and process control equipment.

1.28

6

M/s Kris Sumeru Investments Pvt. Ltd., Bangalore

Post facto approval for issuance and allotment of equity shares, as the company at present, is neither an operating nor an investing company.

4.45

7

M/s Fluke South East Asia Pte. Ltd., Singapore

To incorporate an Investing Company to make downstream investments in other Indian companies engaged in the business of wholesale trading and related activities.

400.00

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

9

M/s Zipcash Card Services Pvt. Ltd.

Ex-post facto approval for issuance of convertible preference shares for issuance and operations of ‘pre-paid payment instrument’ in India.

Nil

HEALTH & FAMILY WELFARE

 

10

M/s Pharmaceutical Ingredients and Formulations India Pvt. Ltd., Bangalore

Transfer of shares from NRI to NR in pharmaceuticals sector (brownfield investment).

Nil

INFORMATION TECHNOLOGY

 

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.

0.001

12

M/s Cigniti Technologies Ltd., Hyderabad

Transfer of shares by way of share swap to carry out the business of IT Services, software development.

Nil

POST

 

13

M/s Amazon Asia-Pacific Resources Pvt. Ltd., Singapore

To set up a WoS to undertake the business of online market place operator and retailer inter-alia courier services.

15.00

HEALTH & FAMILY WELFARE

 

14

M/s Aptuit Laurus Private Limited, Hyderabad

Increase in foreign equity.  The company is engaged in the pharmaceutical sector.

47.95

15

M/s Akorn Inc, USA.

Acquisition of 100 percent equity shares of a company engaged in pharmaceuticals sector.

0.01

ECONOMIC AFFAIRS

 

16

M/s APF II India Investments Pvt. Ltd., Mauritius

To invest in the units of a FUND.

300.00

FINANCIAL SERVICES

 

17

M/s Oxigen Services (India) Pvt. Ltd., Gurgaon

Ex-post-facto for induction of foreign investment to 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

 

INFORMATION & BROADCASTING

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 Pharmaceuticals Pvt. Ltd.

Transfer of 100 percent equity to foreign investor.  The 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 India’s first nationwide, automated and online power exchange and offers products that permit trading in electricity and renewable energy certificates.

50.94

 

 

 

 

            The following 15 (Fifteen) proposals have been deferred:

 

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Ankur Durgs and Pharma Ltd., Mumbai

To issue warrants to carry out the business of manufacturing of 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 York

To set up a WoS company for the purpose of 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. 

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.

11

M/s DPD Continental 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 Pvt. Ltd.

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

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 Pvt. Ltd., Chennai

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

15

M/s Kakade British 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.                 

 

 

            The following 2 (Two) proposals have been rejected:

 

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s UE Trade Corporation (India) Pvt. Ltd., Delhi

Capitalisation of import payables.

2

M/s Shriprop Housing Pvt. Ltd. and Shriram Properties Ltd., Bangalore

Transfer of shares by the foreign investor before expiry of 3 years from the date of minimum capitalization norms.

 

                The following 1 (One) proposal has been withdrawn from the agenda on the request of the applicant:

 

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(` in crore)

1

M/s Ordain Health Care Global Pvt. Ltd., Chennai

Induction of foreign equity to carry out the business in pharmaceutical sector.

48.30

 

 

DSM/SS/GN


(Release ID :80252)

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