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New Delhi: The Central Government has approved 14 Proposals of Foreign Direct Investment (FDI) amounting to Rs. 1584.11 crore approximately based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on June 29, 2012.

Here are the details of Proposals considered in the Foreign Investment Promotion Board (FIPB) meeting held on 29.06.2012

COMMERCE
1- Name of the applicant: M/s Takshila Tech Parks & Incubators (India) Pvt. Ltd., Hyderabad

Particulars of the proposal: Approval has been sought for not meeting the condition of minimum capitalisation within six months from the commencement of business pursuant to re-classification of the activity of the company, from Industrial Development Park (Para 6.2.12) to Construction Development: Townships, Housing, Built-up infrastructure.

FDI/NRI inflows (Rs.In crore): 182.50

ELECTRONICS & INFORMATION TECHNOLOGY

2- Name of the applicant: M/s Rightster Limited, London

Particulars of the proposal: To set up an LLP to undertake the business of providing software development services.

FDI/NRI inflows (Rs.In crore): 0.87

FINANCIAL SERVCIES

3- Name of the applicant: M/s Abhijeet Power Limited, Maharashtra

Particulars of the proposal: Induction of foreign equity in an investing company to make downstream investment.

FDI/NRI inflows (Rs.In crore): 674.00

4- Name of the applicant: M/s Bajaj Finserv Limited, Pune

Particulars of the proposal: To issue and allot equity shares to carry out the business relating to NBFC activities directly and through subsidiaries under Rights Issue.

FDI/NRI inflows (Rs.In crore): 100.00

HEALTH & FAMILY WELFARE

5- Name of the Applicant: M/s Uttam Super Brands LLP, New Delhi

Particulars of the proposal: To set up an LLP with the induction of foreign equity participation to engage in making and selling of appliances such as breathing apparatuses/kits and fire extinguishing equipments and carbon fibre cylinders/or parts, consumables, components and accessories thereof such as valves, regulators, hoses, horns, trolley bags etc., related thereto.

FDI/NRI inflows (Rs.In crore): 0.05

6- Name of the Applicant: M/s Shasun Pharmaceuticals Limited, Tamilnadu

Particulars of the proposal: Ex post facto approval for induction of foreign equity to carry out the activities relating to brownfield pharmaceuticals sector.

FDI/NRI inflows (Rs.In crore): 49.99

HOME AFFAIRS

7- Name of the applicant: M/s Eurocopter India Pvt. Ltd., Delhi

Particulars of the proposal: To undertake the additional activities relating to development of software and other allied IT enabled services such as engineering and designing in the defence sector.

FDI/NRI inflows (Rs.In crore): No fresh inflow

INDUSTRIAL POLICY & PROMOTION

8- Name of the applicant: M/s Ramboll India Pvt. Ltd., Hyderabad

Particulars of the proposal: Ex post facto approval for issuance os partly paid up shares to carry out the business of tower engineering and tower related services in the infrastructure segments for both telecom and power transmission and software development sales and services of tower design detailing.

FDI/NRI inflows (Rs.In crore): 1.85

POWER

9- Name of the applicant: M/s Bhilwara Energy Ltd

Particulars of the proposal: Induction of foreign equity in an investing company.

FDI/NRI inflows (Rs.In crore): 2.55

DEFENCE PRODUCTION

10- Name of the applicant: M/s Track Systems India Private Limited, Tamil Nadu

Particulars of the proposal: Induction of foreign equity to carry out the manufacturing, assembling, marketing, trading in defence sector

FDI/NRI inflows (Rs.In crore): 25.00

EXTERNAL AFFAIRS

11- Name of the applicant: M/s CLSA Singapore Holdings Pte Ltd., Singapore/ M/s CLSA Limited, Hong Kong

Particulars of the proposal: Induction of foreign equity in an investing company to carry on the business of process outsourcing services for clients, both domestic and offshore. Currently the Investor company is non functional.

FDI/NRI inflows (Rs.In crore): 225.00

INDUSTRIAL POLICY & PROMOTION

12- Name of the applicant: M/s NCBG Holdings Inc (DCX Cable Assemblies Pvt. Ltd.

Particulars of the proposal: To undertake the additional activities in the defence sector.

FDI/NRI inflows (Rs.In crore): No inflow

13- Name of the applicant: NM/s MF Global Sify Securities India Pvt. Ltd.

Particulars of the proposal: Increase in foreign equity participation to carry out the business of commodity broking and Stock broking.

FDI/NRI inflows (Rs.In crore): 81.00

TELECOMMUNICATIONS

14- Name of the applicant: M/s Netmagic Solutions Pvt. Ltd.

Particulars of the proposal: Increase in foreign equity upto 74 percent and induction of a new foreign collaborator to undertake the business of Internet Service Provider with gateways.

FDI/NRI inflows (Rs.In crore): 182.8

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