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Four FDI Proposals Approved by FIPB

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on December 31, 2012, the  Central Government has approved four (04) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1286.75 crore approximately.

            The following four (04) proposals have been approved.

Sl. No.

Name of theapplicant

Particulars of the proposal

FDI/NRIinflows

(` In crore)

INDUSTRIAL POLICY & PROMOTION

1

M/s PranBeverages (India) Pvt. Ltd., Kolkata Change in foreign collaborator and increase in foreign equity participation to carry out the business of manufacture of fruits/vegetables juices and their concentrates, squashes and powders, and manufacture of  Beverages n.e.c.

30.25

PHARMACEUTICALS

2

M/s HospiraInc., USA, M/sHospira Pte Ltd., Singapore, and M/sHospira Healthcare India Pvt. Ltd. Induction of foreign equity into Indian company which will acquire manufacturing facilities in the pharmaceuticals sector.

1194.75

3

M/s Perrigo API India Pvt. Ltd., Mumbai Induction of foreign equity to carry out the business of manufacture of pharmaceutical ingredients.

55.00

TELECOMMUNICATIONS

4

M/s InterCallAsia Pacific Holdings Pvt. Ltd., Singapore To set up a WOS to undertake the business of providing audio, video and web conferencing services for business, commercial, banking and other establishments.

6.75

 

2.         The following two (02) proposals have been deferred:

 

Sl. No

Name of theapplicant

Particulars of the proposal

1

M/s Alliance Insurance Brokers Private Limited, Mumbai Induction of foreign equity by way of issue and transfer of equity shares to carry out the business of insurance broking.

2

M/s Aon Holdings B.V., Netherlands Post facto approval for induction of foreign equity to carry out the business of Insurance broking, and risk advisory services.

3.         The following one (01) proposal has been withdrawn from the Agenda:

Sl. No

Name of the applicant

1

M/s Ingka Holding Overseas B.V.

 

 

 

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Tag: FIPB

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