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22 FDI Projects worth Rs 3951.61 Crores Is Approved

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 Government Approves Twenty Two Proposals of Foreign Direct Investment (FDI) Amounting to About Rs. 3951.61 Crore

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on August 1, 2014, the Government has approved 22 proposals of Foreign Direct Investment (FDI) amounting to Rs. 3951.61 crore approximately.

Details of 22 proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 01.08.2014 and approved by the Government are as follows:

Sno Company Name Proposed Amount Sector
01 M/s ARKRAY Healthcare Private Ltd
Rs 100 Crores
Pharma
02
M/s Shalina Laboratories Private Ltd. Rs.46 Crore Pharma
03
M/s Dashtag, U.K.
Rs. 70 crore (approx.) Pharma
04
M/s Baxter (India) Private Limited, Gurgaon
Rs.327.39 crore Pharma
05
M/s Telenor Mobile Communications AS, Norway through Telenor South Asia Investment Pte. Limited(TSAI), Singapore
Rs. 780.86 crore Telecom
06
M/s Tikona Digital Networks Pvt. Ltd., Mumbai Rs. 250 crore (approx.) Telecom
07
M/s.  Netmagic  Solutions Private Limited, Mumbai Rs. 575 Crore Telecom
08
M/s Verdant Telemetry & Antenna Systems Pvt. Ltd. Rs. 00.23 Crore Defence
09
M/s Genpact  India, Delhi Nil
IT
10
M/s Appdynamics Asia Pacific Pte Limited, Singapore Rs. 0.70 Crore (approx.) IT
11
M/s Franklin Templeton Asset Management (India) Pvt Ltd. Nil
Others
12
M/s Equitas Holding Private Limited, Tamil Nadu Nil (NR to NR Transfer) Others
13
M/s Aviation Solutions (INDIA) Private Limited, Mumbai Rs. 0.06 Crore Aviation
14
M/s PAMP Gold LLC, Dubai (UAE) Rs.0.35 Crore (approx) Others
15
M/s Vik-Sandvik Design India Private Limited, New Delhi Nil
Others
16
M/s Soma Tollways Private Limited. Rs. 330 crore (already effected) Others
17
M/s KSK Energy Ventures Limited Rs. 1050 crore (approx.) Power
18
Religare Credit Opportunities Fund Scheme-I of M/s Religare Credit Investments Trust Rs. 500 crore NBFC
19
M/s Innisfree Cosmetics India Pvt. Ltd. Rs. 70 crores Trading
20
M/s Alhcon Parenterals (India) Limited Rs. 82.80 Crores (approx.)
Pharma
21
M/s InterGlobe Aviation Limited, New Delhi Nil  (Cashless Basis) Aviation
22
M/s Telcordia Technologies Inc., USA Rs. 7.25 crore Telecom
       


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