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Press Information Bureau
Government of India
Ministry of Finance
15-January-2013 18:06 IST
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 the applicant | Particulars of the proposal | FDI/NRI inflows (Rs. In crore) |
INDUSTRIAL POLICY & PROMOTION
1 | M/s Pran Beverages (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 Hospira Inc., USA, M/s Hospira Pte Ltd., Singapore, and M/s Hospira 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 InterCall Asia 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 the applicant | 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 The following one (01) proposal has been withdrawn from the Agenda: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. |
* * * * *
DSM/RS/ka
Foreign direct investment approvals clear four projects across manufacturing, pharmaceuticals and telecom; two deferred, one withdrawn. The Central Government approved four FDI proposals on FIPB recommendations authorizing changes in foreign equity and collaborators to allow manufacture of beverages, acquisition and manufacture activities in pharmaceuticals, and the establishment of a wholly owned subsidiary to provide conferencing services. Two proposals for induction of foreign equity in insurance broking and risk advisory services were deferred, and one overseas holding company proposal was withdrawn. of Press 'Enter' after typing page number.
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