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Increase in FDI by 27%, FDI worth $19.78 bn from nations visited by Modi in FY15

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India received $19.78 billion foreign direct investment(FDI) from 12 countries visited by Prime Minister Narendra Modi in financial year 2014-15.

During the period, Indian companies invested $ 3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore.

The total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 billion and $75.71 billion, respectively, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha.

In 2014-15, FDI in India increased by 27 per cent to $30.93 billion.

Replying to a separate question over investigation by the Central Vigilance Commission (CVC) against senior officials of the ministry over 47 missing files on special economic zones, she said all files except 5 are available in the department of commerce and were made available for the audit.

The remaining five files relating to setting up of central government SEZs, which are 30-50 years old, are not available, she added.

She further said that the department has no information if any inquiry has been initiated by CBI in this regard. The Comptroller and Auditor General, in its report for 2012-13 on performance of special economic zones (SEZs), has observed that 47 files were not produced to audit.

FDI worth $19.78 bn from nations visited by Modi in FY15 - Business Today
 
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chalo kamse kam, Namo ka travel bill ka kharcha toh nikla
 
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Ministry of Commerce & Industry
05-August, 2015 15:44 IST
Increase in FDI Cap in Some Sectors

FDI policy is reviewed on an ongoing basis, with a view to making it more investor friendly. Significant changes are made in the FDI policy regime, from time to time, to ensure that India remains increasingly attractive and investor-friendly. Government plays an active role in investment promotion, through dissemination of information on the investment climate and opportunities in India and by advising prospective investors about investment policies and procedures and opportunities.

FDI up to 100% is allowed on the automatic route in most sectors/activities subject to applicable laws/ regulations; security and other conditionalities. Further, in various sectors, it is allowed up to the different limits, varying from 20% to 100%, subject to prescribed conditions. The detailed information is available in ‘Consolidated FDI Policy Circular of 2015’ at this Department’s website (Government Of India-Ministry Of Commerce & Industry--Department Of Industrial
Policy & Promotion


This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.

***
 
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Ministry of Commerce & Industry
07-August, 2015 13:28 IST
Composite Caps on Foreign Investment

The Government, on 30.07.2015, introduced composite caps on foreign investments in the country, so that uniformity and simplicity are brought across the sectors in Foreign Direct Investment (FDI) policy for attracting foreign investors. Composite cap is applicable across the sectors.

With the introduction of composite caps foreign investment shall include all types of foreign investments, direct and indirect, regardless of whether the said investments have been made under Schedule 1 (FDI), 2 [Foreign Institutional Investor(FII)], 2A [Foreign Portfolio Investor(FPI)], 3 [Non-Resident Indian(NRI)], 6 [Foreign Venture Capital Investor(FVCI)], 8 [A Qualified Foreign Investor(QFI)], 9[Limited Liability Partnership (LLP)] and 10 [Depository Receipts(DRs)] of Foreign Exchange Management Act (FEMA) (Transfer or Issue of Security by Persons Resident Outside India) Regulations. Foreign Currency Convertible Bond (FCCBs) and DRs having underlying of instruments which can be issued under Schedule 5, being in the nature of debt, shall not be treated as foreign investment. However, any equity holding by a person resident outside India resulting from conversion of any debt instrument under any arrangement shall be reckoned as foreign investment. The measure is expected to bring clarity in FDI policy and boost foreign investment.

As regards misuse of the FDI policy and the monitoring mechanism, it is mentioned that RBI monitors the foreign investment inflows and specific violations of FDI policy are investigated by Enforcement Directorate.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

*********
 
. . .
narendra-modi_660_080515080506.jpg


India received $19.78 billion foreign direct investment(FDI) from 12 countries visited by Prime Minister Narendra Modi in financial year 2014-15.

During the period, Indian companies invested $ 3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore.

The total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 billion and $75.71 billion, respectively, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha.

In 2014-15, FDI in India increased by 27 per cent to $30.93 billion.

Replying to a separate question over investigation by the Central Vigilance Commission (CVC) against senior officials of the ministry over 47 missing files on special economic zones, she said all files except 5 are available in the department of commerce and were made available for the audit.

The remaining five files relating to setting up of central government SEZs, which are 30-50 years old, are not available, she added.

She further said that the department has no information if any inquiry has been initiated by CBI in this regard. The Comptroller and Auditor General, in its report for 2012-13 on performance of special economic zones (SEZs), has observed that 47 files were not produced to audit.

FDI worth $19.78 bn from nations visited by Modi in FY15 - Business Today
 
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narendra-modi_660_080515080506.jpg


India received $19.78 billion foreign direct investment(FDI) from 12 countries visited by Prime Minister Narendra Modi in financial year 2014-15.

During the period, Indian companies invested $ 3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore.

The total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 billion and $75.71 billion, respectively, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha.

In 2014-15, FDI in India increased by 27 per cent to $30.93 billion.

Replying to a separate question over investigation by the Central Vigilance Commission (CVC) against senior officials of the ministry over 47 missing files on special economic zones, she said all files except 5 are available in the department of commerce and were made available for the audit.

The remaining five files relating to setting up of central government SEZs, which are 30-50 years old, are not available, she added.

She further said that the department has no information if any inquiry has been initiated by CBI in this regard. The Comptroller and Auditor General, in its report for 2012-13 on performance of special economic zones (SEZs), has observed that 47 files were not produced to audit.

FDI worth $19.78 bn from nations visited by Modi in FY15 - Business Today
Due to low petrol prices and it might very well be he only visited those who were going to increase FDI to India.

-Secular Congress
 
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narendra-modi_660_080515080506.jpg


India received $19.78 billion foreign direct investment(FDI) from 12 countries visited by Prime Minister Narendra Modi in financial year 2014-15.

During the period, Indian companies invested $ 3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore.

The total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 billion and $75.71 billion, respectively, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha.

In 2014-15, FDI in India increased by 27 per cent to $30.93 billion.

Replying to a separate question over investigation by the Central Vigilance Commission (CVC) against senior officials of the ministry over 47 missing files on special economic zones, she said all files except 5 are available in the department of commerce and were made available for the audit.

The remaining five files relating to setting up of central government SEZs, which are 30-50 years old, are not available, she added.

She further said that the department has no information if any inquiry has been initiated by CBI in this regard. The Comptroller and Auditor General, in its report for 2012-13 on performance of special economic zones (SEZs), has observed that 47 files were not produced to audit.

FDI worth $19.78 bn from nations visited by Modi in FY15 - Business Today
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Wow, good news, congrat to India, u done good job with "Made in India campaign"
I hope u growth stronger, we both benefit, haha

BUSINESS
Indian firms advised to increase investment in Vietnam to leverage trade pacts

THOAI TRAN/TUOI TRE NEWS

UPDATED : 07/17/2015 14:21 GMT + 7

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to make use of future trade agreements.

When considering doing business in Vietnam, Indian companies should not think about the 90 million-strong Vietnamese market alone, but think about the much bigger ASEAN market, with 600 million people, Smita Pant, Consul General of India, said at a trade promotion and investment event held at the headquarters of the Ho Chi Minh City branch of the Vietnam Chamber of Commerce and Industry (VCCI).

The ASEAN members include Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Myanmar, Cambodia, Laos, and Vietnam.

Vietnam will soon sign many large-scale free trade pacts with important partners like the EU and the U.S., which will make the country more attractive as a destination for investment to serve ASEAN and other big foreign markets, Consul General Pant said at the meeting between a delegation of 15 Indian firms and the business association along with many Vietnamese partners on Tuesday.

According to local experts, once the trade pact between Vietnam and the EU is signed this year, the bloc will liberalize 95-97 percent of tariffs on Vietnamese goods.

The realization of the Trans-Pacific Partnership (TPP) trade agreement later this year will be beneficial to a small economy like Vietnam, and is expected to help raise the country’s GDP by more than 30 percent within 10 years, according to research by the U.S.-based Peterson Institute for International Economics.

The TPP is a proposed regional free trade agreement aimed at eliminating tariffs and lowering non-tariff barriers that is being negotiated by 12 countries throughout the Asia-Pacific region, which collectively contribute almost half of global output and over 40 percent of world trade.

The 12 countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam,

Earlier this year, Vietnam concluded many important free trade pacts with other foreign partners, such as the Eurasian Economic Union (EEU), which includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan; and an agreement with South Korea.

As a result, Pant recommended that Indian firms should think over the trade aspect, and think more about direct investment to make use of all available opportunities that Vietnam will enjoy via these trade deals.

In 2015, according to the International Monetary Fund, India is considered a spotlight of the world economy, with gross domestic product growth potentially overtaking that of China for the first time since 1999, said Vo Tan Thanh, head of the VCCI branch in Ho Chi Minh City.

This growth is due to many positive factors, including the change in diplomatic policy of Look East into Act East by Prime Minister Narendra Modi.

Under the leadership of Prime Minister Modi, the Indian government has introduced an Act East policy, an upgrade of the former Look East policy, in an effort to leverage its relations with East Asian countries.

The new diplomatic policy, accompanied by the ASEAN–India Free Trade Area, which will take full effect next year, and the establishment of the ASEAN Economic Community by the end of this year, will help leverage trade and investment relations between India and Vietnam and other Southeast Asian countries, Thanh said.

Regarding trade relations, India is among the ten biggest international trade partners of Vietnam, and Hanoi is the 28th largest foreign trade partner of New Delhi, Thanh said, adding that two-way trade has grown rapidly, from over US$1 billion in 2006 to more than $8 billion by the end of last year.

Vietnam’s exports to India reached over $850 million in the first four months of this year, while imports topped $911 billion, a positive signal as the Southeast Asian country’s trade deficit with the South Asian nation has sharply dropped from over $3 billion in 2014.

As regards investment relations, as of June 2015, India ranked 30th out of 100 foreign countries and territories that have investments in Vietnam, with over 100 projects worth more than $380 million, according to Thanh.
 
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India announces FDI reforms in 15 major sectors

NEW DELHI, Nov 10, 2015 (Reuters) -
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India eased foreign direct investment norms in 15 major sectors, including mining, defence, civil aviation and broadcasting, the government said on Tuesday in a bid to drum up investment and speed up growth.

The government also increased the financial power of the Foreign Investment Promotion Board to give single window clearance for investment projects up to 50 billion rupees ($753.35 million) from 30 billion rupees.

"The crux of these reforms is to further ease, rationalise and simplify the process of foreign investments into the country and to put more and more FDI proposals on automatic route instead of government route where time and energy of the investors are wasted," the government said in a statement.
 
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Ministry of Finance
24-November, 2016 18:39 IST
Government approves four FDI proposals based on the recommendations of 241st Meeting of Foreign Investment Promotion Board (FIPB) held on 27th October 2016.

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 241st meeting held on 27th October 2016, the Central Government has approved four FDI proposals as per details enclosed.



The following four (04) proposals have been approved:

-S. No
-Item No
-Name of the applicant
-Gist of the proposal
-Sector
-FDI (Rs. crore)


-1

-1
-M/s BMJ Group lndia Pvt Ltd

-Ex post facto approval has been sought by M/s BMJ Group India Private Limited
for carrying on the business of printing, publishing and circulating or otherwise dealing in scientific and technical magazines/ specialty journals / periodicals and other publications, but not in any manner dealing with news and current affairs.

-Publication

-Nil



-2
-6
-M/s Oxford University Press

-Approval has been sought by Oxford University for setting up of a WOS in India with an initial authorized and paid up share capital of Rs. 1, 00,000. Over a period of time Oxford University will make foreign direct investments by way of subscription to compulsorily convertible preference shares, compulsorily convertible debentures and equity shares.

-Publication
-Appx 44.41

-3
-10
Dr. Reddy's Laboratories Ltd

-Approval has been sought by M/s Dr. Reddy’s Laboratories Limited, a foreign owned Indian pharmaceutical company, to acquire M/s Imperial Credit Private Limited, an Indian NBFC.

-Pharmaceuticals
-36.00

-4
-19
-M/s Quintillion Business Media Pvt. Ltd
- Approval has been sought by M/s Quintillion Business Media Private Limited for issuance of equity shares to BLOOMBERG L.P.
- Up-linking of ‘News & Current Affairs’ TV Channels
- 13.4


The following (08) proposals have been deferred:


-S. No.
-Item No
-Name of the applicant
-Gist of the proposal
-Sector


-1
-2
-M/s JC Decaux Advertising lndia Pvt Ltd

M/s JC Decaux Advertising India Private Limited, an existing foreign owned company, presently engaged in the activity of Out-of-Home advertising, has sought approval for expansion of its business into telecom sector as a telecom infrastructure service provider.

Advertising & Telecom Services

-2
-4
-M/s Panacea Publishing Pvt. Ltd
-The Applicant is seeking ex post facto approval for the share transfer between the non-resident entities. Pursuant to global restructuring, the foreign investor in Panacea India, M/s Panacea Publishing International Limited, UK transferred its entire shareholding to its group company M/s Panacea Media Limited, UK.
-Publication


-3
-9
-M/s Recipharm Participation BV
-M/s Recipharm Participation B.V. Netherlands has sought approval for setting up a WOS in Indian as an Investing Company and for 100% investment in a pharmaceutical company M/s Dagny Pharma Private Limited through the WOS.
-Pharmaceuticals


-4
-11
-M/s Crest Premedia Solutions Pvt. Ltd
- M/s Crest Premedia Solutions Pvt. Ltd. (CPSPL) has sought approval for issuance of equity shares to the non-resident shareholders of M/s Springer SBM Holding Ltd., a Mauritius Company under a Scheme of Amalgamation. SBM Holding will amalgamate into CPSPL, which is part of the Springer Group of companies.
-IT and ITES

-5
-12
-M/s Scientific Publishing Services Pvt Ltd
- Approval has been sought by M/s Scientific Publishing Services Private Limited (SPSPL) for issuance of equity shares to the non-resident shareholders of M/s Springer SBM Services Limited, a Mauritius Company under a Scheme of Amalgamation of SBM Services with SPSPL, pursuant to approval of the High Court.
-IT and ITES


-6
-15
-M/s JCB international Company Ltd
-JCB International Co., Ltd is proposing to set up a WOS in India in order to support coordination in India for its strategic partnership with National Payments Corporation of India (NPCI) for undertaking the activity of interacting with NPCI to promote RuPay/JCB cards and acting as a communication channel in relation to issues around systems and operations between JCBI and NPCI, but will not issue cards or act as a merchant acquirer.
-Support services

-7
-16
-Netmagic Solutions Pvt. Ltd
-Approval has been sought by Netmagic Solutions Private Limited for the increase in the shareholding of NTT Communications Corporation, Japan in the company from 81.63% to 100%.
-Telecom

-8
-18
-M/s Flag Telecom Singapore Pte Ltd
-M/s Flag Telecom Singapore Pte Limited Singapore, an indirect WOS of Reliance Communications India, has sought approval to acquire 100% shares of M/s Reliance Global Cloud Xchange Limited which has been recently incorporated in June 2016 by Indian residents.
-Telecom


The following four (04) proposals have been rejected:


-S. No.
-Item No

-Name of the applicant
-Gist of the proposal
-Sector

-1
-5
-M/s Harris Communications Systems lndia Pvt Ltd
-M/s Harris Communications Systems India Private Limited, a wholly owned subsidiary of Harris Corporation, USA engaged in providing communication services has sought approval for commencement of defence liaison activities which are presently carried on by another subsidiary of Harris Corporation i.e. Exelis Liaison Office.
-Defence

-2
-7
-M/s Schoeller Technologies lndia Pvt Ltd
-Approval has been sought by M/s Schoeller Technologies India Pvt. Ltd. after directions from SIA, DIPP to obtain the approval of FIPB as FDI beyond 49% in Defence requires prior government approval. The applicant is engaged in the business of textiles and has applied for a tender with Ministry of Defence for supply of defence-related products.
-Defence manufac-turing

-3
-8
-M/s bioMerieux lndia Pvt Ltd
-Approval has been sought by M/s bioMerieux India Pvt. Ltd. for deletion of Clause 6 of the approval letter dated May 8, 2015 according to which FIPB approval shall be required for additional 10% downstream investment made in M/s RAS Life sciences Private Limited by it.
-Pharma

-4
-13
-M/s Barracuda Camouflage Pvt Ltd
-M/s Barracuda Camouflage Private Limited, a foreign owned company, has sought approval to undertake certain additional activities pertaining to manufacture, marketing and sale of concealment/deception equipments, camouflage nets and equipments designed for military applications etc.
-Defence



The following three (03) proposals do not lie before FIPB:


-S. No.
-Item No
-Name of the applicant
-Gist of the proposal
-Sector


-1
-3
-M/s Cyberplat lndia Pvt Ltd
-M/s Cyberplat India Private Limited a foreign owned company has sought approval to operate as a Bharat Bill Payment Operating Unit pursuant to the implementation of Bharat Bill Payment System Guidelines dated 28.11.2014 issued by the RBI. M/s Cyberplat is currently engaged in the activity of providing consumer payment processing services including pre-paid mobile top-ups, DTH and data card top-ups, postpaid mobile bill payments, landline bill payments, utility bill payments, insurance premium payments and domestic money transfer etc.
-Financial Services

-2
-14
-M/s Fans Asia Pvt Ltd
-Post Facto approval has been sought by M/s Fans Asia Pvt. Ltd. for issue and transfer of 6,000 equity shares to non-resident Subscribers without receiving amount of consideration. The shares were issued on the date of incorporation of FAPL (21.10.2009). Consideration for the same was received in January 2010.
-Construction


-3
-17
-M/s TM Harbour Services Pvt Ltd
-M/s TM Harbour Services Private Limited has sought approval for divestment of its existing 100% foreign equity participation by M/s TKM Global GmbH and M/s International Shipping and Logistics FZE, Dubai (‘ISL’) to an Indian company and repatriation of sale proceeds to TKM GmbH and ISL.
-Harbour marine sector
 
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Ministry of Finance
24-April, 2017 18:28 IST
Government approves Six (6) Proposals of Foreign Direct Investment (FDI)

Based on the recommendations of the Foreign Investment Promotion Board in its 244th meeting held on 29th March 2017, the Government has approved six FDI proposals and recommended one proposal for the Cabinet Committee on Economic Affairs (CCEA) as per details enclosed.


The following six (06) proposals have been approved:

S. No
Item No
Name of the applicant
Gist of the proposal
Sector
FDI (Rs. crore)


1
5
M/s PMC Group International
Approval has been sought for: (i) undertaking foreign investment upto 100%, through a newly incorporated Indian company M/s PMC YM-Pharma Private Limited and (ii) PMC YM-Pharma would purchase the manufacturing facility of an existing Indian pharmaceutical company Yegna Manojavam Drugs and Chemicals Limited.
Pharma
65.00

2
6
M/s Enaltec Labs Private Limited
Post facto approval has been sought for issuance of CCPS to Medtech Limited, UAE in February 2012 and subsequent transfer of such CCPS by Medtech to Scitech Limited, UAE in March 2013.
Pharma
No fresh inflow

3
20
M/s Powervision Export and Import India Private Limited
M/s Powervision Export and Import India Private Limited has sought approval for foreign investment by a Bangladeshi citizen, which is an existing shareholder and director of the company.
Whole sale Trading
3.38

4
21
M/s Crown Cement Manufacturing India Pvt Ltd
Approval has been sought for foreign investment from a Bangladeshi entity, M/s M.I. Cement.
Manufacturing
15.51

5
23
M/s Bigtec Pvt. Ltd (Bigtec)
Bigtec, an Indian Company, has sought post facto approval for swap of shares to its holding Company, M/s Bigtec Innovations Private Limited (BIPL), also an Indian Company, in the fair exchange ratio (for every 1 share of Bigtec, 2 shares of BIPL was allotted).
Pharma
Nil

6
26
M/s Entrepreneur India Media Private Limited
Approval has been sought for undertaking the additional business of publishing scientific and technical magazines
Publishing
0.80


The following one (01) proposal has been recommended for CCEA approval:

S. No
Item No
Name of the applicant
Gist of the proposal
Sector
FDI (Rs. crore)


1
24
M/s Gland Pharma Limited
M/s Gland Pharma Limited, a brownfield pharmaceutical Indian company, is seeking approval for its initial acquisition of up to 86.08% by M/s Shanghai Fosun Pharmaceutical (Group) Company Limited, a public listed company incorporated in China through its subsidiaries outside India namely M/s Fosun Pharma Industrial Pte. Ltd. , M/s Fosun Industrial Co Limited, Ample Up Limited, M/s Lustrous Star Limited and M/s Regal Gesture Limited and subsequently, Fosun also has the contractual right to acquire 100% shares of Gland Pharma from the other shareholders of the Company in one or more tranches.
Pharma
4,315.00


The following eleven (11) proposals have been deferred:

S. No.
Item No
Name of the applicant
Gist of the proposal
Sector


1
2
M/s Geodis Overseas Pvt. Ltd
M/s Geodis Overseas Pvt. Ltd, 100% foreign owned Indian company, has sought approval to carry additional activity related to facilitation of cargo/goods insurance solutions to its customers through existing insurance companies operating in India.
Referral Service/Insurance Service

2
4
M/s Sistema Shyam TeleServices Limited
Approval has been sought by M/s Sistema Shyam TeleServices Limited for the exit of the resident shareholders and transfer of their holdings to the existing foreign shareholders i.e. M/s Sistema Joint Stock Financial Corporation, Russia and Federal Agency for the State Property Management (Rosimushchestvo), thereby increasing the foreign shareholding in the company from existing 73.95% to 100% and also consequently increasing the foreign shareholding in its downstream company i.e. M/s Shyam Internet Services Limited to 100%.
Telecom

3
8
M/s Hindustan Ports Private Limited
Approval has been sought by M/s Hindustan Ports Private Limited (HPPL), for issuance of equity shares of HPPL to the non-resident shareholders of South Asia Ports Limited, P & O Ports (Kulpi) Private Limited, P & O Ports (Mundra) Private Limited and P & O Ports(Chennai) Limited (the Mauritian companies) and DP World Private Limited (an Indian company) (collectively referred as transferor companies) under a Scheme of Amalgamation and Arrangement of the Transferor Companies with HPPL.
Development of Port/ Amalgamation

4
10
M/s Datawind Innovations Private Limited
M/s Datawind Innovations Private Limited, an existing foreign owned company, presently engaged in the activity of internet delivery platform and manufacturing and trading of computer tablets and smartphones, has sought approval to diversify into additional line of business of providing telecom services.
Telecom

5
11
M/s Vodafone Mobile Services Limited (No. 4413)
M/s Vodafone Mobile Services Limited, a 100% foreign owned Indian company, has sought post-facto approval for the scheme of amalgamation among Vodafone Mobile Services Limited, Vodafone Digilink Limited, Vodafone South Limited, Vodafone East Limited and Vodafone Cellular Limited.
Telecom

6
12
M/s Vodafone Mobile Services Limited (No. 4416)
M/s Vodafone Mobile Services Limited, a 100% foreign owned Indian company, has sought post-facto approval for the scheme of amalgamation among Vodafone Mobile Services Limited, Vodafone Spacetel Limited and Vodafone West Limited.
Telecom

7
15
Ubiquity SRL
Approval has been sought for the foreign direct investment by Ubiquity S. R. L, by way of acquisition of 100% shares of M/s Solutions Infini Technologies (India) Private Limited, a company operating in telecom sector, in four tranches.
Telecom

8
17
M/s G4S Secure Solutions (India) Private Limited
M/s G4S Secure Solutions (India) Private Limited, engaged in private security agency services, has sought confirmation/post facto approval for regularization of foreign investment of 49% by G4S Holdings India Limited, UK.
Private Security Agency Services

9
18
M/s HSBC Securities and Capital Markets (India) Private Limited
Approval has been sought by M/s HSBC Securities and Capital Markets (India) Private Limited for: (i) Merger of two FIPB approval letters (ii) Incorporating a WoS which will act as a trustee company to HSBC Mutual Fund and (iii) To undertake additional activities of referral services by HSBC Invest Direct Financial Services (India) Limited, which is a subsidiary of the applicant.
Financial Services

10
19
M/s Ghel Rendev India Private Limited
M/s Ghel Rendev India Private Limited, a newly incorporated company, has sought approval for investment by Mr. Mostaq Ahmmed, a Bangladeshi Citizen, being one of the Directors of the Company and initial subscriber to the share Capital of the company. As per the MoA the foreign investor Mr. Mostaq Ahmmed will hold 60% equity shares of the company and the remaining 40% shares will be held by resident Indian.
Power Sector

11
25
M/s Celon Laboratories Limited
Approval has been sought for: (i) deletion of Clause 2 (downstream investment by Celon Laboratories is made through funds From internal accrual only) of the approval letter dated 3.8.2015

(ii) deletion of Clause 5 (approval is further subject to compounding for the existing foreign equity of 63.09% against the approved foreign equity of 54.26%) of the approval letter dated 16.10.2015
Pharma


The following five (05) proposals have been rejected:


S. No.
Item No
Name of the applicant
Gist of the proposal
Sector


1
1
M/s PERI India Pvt. Ltd
Approval has been sought to allow capitalization of outstanding creditors (for purchase of materials) to the extent of Euro 5,000,000 (Euros five million only) standing in the name of PERI GmbH, into 13,85,000 equity shares of PERI India at Rs 270 per share.
Trading

2
3
M/s Limpkin Telecom Private Limited
Approval has been sought to bring in 100% foreign investment by Ms. Jorden Elizabeth, a UK citizen in M/s Limpkin Telecom Private Limited
Telecom

3
13
M/s LS Cable India Private Limited
M/s LS Cable India Private Limited, a wholly foreign owned company, presently engaged in manufacturing of insulated wire and cable, has sought approval for issue of shares against second hand machinery.
Manufacturing

4
14
M/s Maxaim Network Private Limited
M/s Maxaim Network Private Limited, a newly incorporated Indian company, has sought approval for investment by M Shoeb Chowdhury, a Bangladeshi Citizen, being initial subscriber to the share Capital of the company. Till date, no capital has been infused in paid up capital of the company by M Shoeb.
Wholesale
Trading

5
16
M/s Xerox India Limited
M/s Xerox India Limited, a foreign owned public limited company, engaged in the wholesale trading of xerographic equipment, document processing products and global document outsourcing business, has sought approval/confirmation that it has taken the requisite approvals from the FIPB from time to time and was engaged in, inter alia, cash and carry wholesale trading business during the interim period 2000-2003, in compliance with all the applicable laws.
Wholesale
Trading





The following three (03) proposals do not lie before FIPB:


S. No.
Item No
Name of the applicant
Gist of the proposal
Sector


1
7
M/s Marketvistas Consumer Insights Private Limited
M/s Marketvistas Consumer Insights Private Limited, engaged in market research, has sought approval for a proposed increase in equity stake by the existing foreign investor.
Market Research

2
9
M/s Laguna Clothing Private Limited
M/s Laguna Clothing Private Limited, a foreign owned private limited company, engaged in manufacture and export of shirts, has sought approval for conversion into a Limited Liability Partnership.
LLP


3
22
M/s Otto Waste Systems (India) Private Limited
Approval has been sought for change of business model by appointing a contract manufacturer in India and carry out the manufacturing activity in India through the contract manufacturer and selling locally manufactured products to the customers in India.
Manufacturing


* * * * *
 
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