The Foreign Investment Promotion Board approved 12 proposals of foreign direct investment totaling Rs. 1827.24 crore or US$ 292.87 million at its meeting on December 19th, 2014. The proposals were across several sectors including pharmaceuticals, banking, and logistics. One proposal from HDFC Bank was recommended to the Cabinet Committee on Economic Affairs for consideration as it involved investment over Rs. 1200 crore. The details of the approved proposals were provided.

6. #FIPB at its meeting held on 19th December 2014 Approves 12 Proposals of #ForeignDirectInvestments amounting to INR
1827.24 Crore or US$ 292.87 Million.
Data was released on 9th January 2015.
FIPB - Foreign Investment Promotion Board. Government of India
#FDI #IndiaInvesting#India#FPI#ForeignPortfolioInvestors#GovernmentOfIndia#ForeignInvestmentPromotionBoard
#InternationalInvestors#InvestmentInIndia#IndiaInvestment#Investing#ForeignInvestor
For more Informative posts click:
https://www.linkedin.com/company/jhunjhunwalas

7. PressRelease : 09 January 2015
GovernmentApprovesTwelve (12) Proposalsof ForeignDirect Investment(FDI) Amountingto Approximately
Rs.1827.24 Crore
Basedon the recommendationsof ForeignInvestmentPromotionBoard(FIPB) initsmeetingheldon19thDecember
2014, the Governmentof Indiahasapprovedtwelve(12) proposalsof ForeignDirectInvestment(FDI) amountingto
Rs.1827.24 crore approximately.
In addition,one proposal relatingtoM/sHDFC Bank Limitedhasbeenrecommendedforconsiderationof Cabinet
Committee onEconomicAffairs(CCEA).
Detailsof Proposalsconsideredinthe ForeignInvestmentPromotion Board(FIPB) Meetingheldon19.12.2014 are as
follows:
Following11(eleven) proposalshave been approvedbythe Government:
Sl.
No.
Name of the
applicant
Gist of the
proposal
Sector Proposed
FDI (in Rs.
crore)
1
M/s
Tevapharm
India Pvt. Ltd
A 100% foreign
owned Indian
brownfield pharma
company is seeking
approval for the
issuance of equity
shares amounting to
USD 70 million
(approx.) to M/s Teva
Pharmaceutical
Investments
Singapore Pte Ltd.,
Singapore (existing
investor) thereby
increasing its current
shareholding of
55.13% to 74.20%..
Pharma 422.00
2
M/s
Symbiotec
Pharmalab Pvt.
Ltd., MP
M/s Symbiotec
Pharmalab Limited,
an existing pharma
company, is seeking
approval for
increasing foreign
investment in its paid
up capital by transfer
of its equity shares
from resident
shareholders to a
non-resident.
Pharma
3.36
(approx.)

8. 3
M/s
Fresenius Kabi
India Private
Ltd.
Approval has been
sought by Fresenius
Kabi India Private
Limited for (i)
issuance of shares on a
right basis to its parent
company, M/s
Fresenius Kabi AG,
Germany and (ii)
conversion of a loan
taken from its parent
company into equity
shares, both in various
tranches.
Misc-
Manufacturing
Pharma products
198.80
4
M/s Novartis
Healthcare Pvt.
Ltd.
Approval has been
sought by transfer of
shares constituting
49% of the share
capital of Novartis
Healthcare Private
Limited held by
foreign shareholders
from Non-resident to
Non- resident by way
of gift.
Pharma
Transfer
is by way of
gift
5
M/s
Intonation
Research
Laboratories
Pvt. Ltd.
The Company
proposes to bring
additional foreign
investment of up to
US $ 1 million by
issuing shares to
existing shareholders
Mr. Suresh Kumar
Jain (US $ 550, 000)
and Mr. Dejain
Bojanic (US $
450,000).
Pharma
6.30
(approx.)
6
M/s
Ratnakar Bank
Limited,
Mumbai
Approval has been
sought by M/s
Ratnakar Bank
Limited for an Initial
Public Offer (IPO) of
its equity shares to
residents, Non-
residents including
Foreign Portfolio
Investors (FPIs),
Foreign Institutional
Investors (FII),
Foreign Venture
capital Investors
(FVCIs), thereby
increasing the
Financial
Services / Banking
Private Sector
1150.00

9. aggregate foreign
investment from the
approved 55% to 74%
7
M/s Napesco
International
Petroleum
Services
Company
(WLL), Kuwait
M/s Napesco
International
Petroleum Services
Company (WLL),
Kuwait and others
propose to set up an
LLP with foreign
investment upto
99.99% of the capital
of the proposed LLP.
LLP 24.99
8
M/s Signet
Plastic Pvt. Ltd
M/s Signet Plastic
Pvt. Ltd. for
conversion of
Company into LLP.
M/s Signet Plastic Pvt.
Ltd. was incorporated
on 18/02/2011 and is
currently in the
construction phase for
manufacturing of
plastic products.
LLP Nil
9
M/s
Lausanne
Hospitality
Consulting Sa,
Switzerland
M/s Lausanne
Hospitality
Consulting (LHC) SA,
Switzerland proposes
to set up an LLP with
foreign investment
upto 99.99% in
hospitality training
and consulting
services in the field of
hospitality.
LLP 1.79
10
Mr. Anurag
Kumar
M/s Biodeal
Pharmaceuticals
Private Limited.
(BPPL) formed in
December 2005, is an
existing pharma
manufacturer, having
their own
manufacturing plant
situated in Himachal
Pradesh. The
company is currently
held 51% by M/s
Hovid Berhad, a
Malaysian company
and the balance 49%
by the Indian
promoters group
Pharma 20.00

10. represented by Mr.
Thobanbhai Kurjibhai
Patel.
11
M/s Dr.
Willmar
Schwabe India
Private Limited
For decision on the
additional conditions
imposed by Ministry
of Health & Family
Welfare and Ministry
of Environment &
Forest post the FIPB
meeting.
Recommended
with additional
conditions as
imposed by
Ministry of
Environment &
Forest
Nil
The followingtwelve (12) proposalshave been recommendedtobe deferred:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1
M/s Sprint
Telecom India
Pvt. Ltd. (Two
Proposals)
M/s Sprint International Holding,
Inc., USA is seeking approval to increase
its foreign equity participation in M/s
Sprint Telecom India Private Limited
from 74% to 100% through a
combination of fresh issue of shares and
purchase of shares from the resident
shareholders.
Telecom
2 M/s INX
Music Pvt. Ltd.,
Mumbai
M/s INX Music Private Limited, a
company which aggregates and
distributes music content for TV
channels, having 70.85% indirect
foreign investment; proposes to
undertake the additional activity of
broadcasting of a non-news and current
affairs channel, as proposed scheme of
arrangement.
IT /
Broadcasting
3
M/s Insight
Media City
(India) Pvt.
M/s Insight Media City (India) Pvt.
Ltd. (IMC) was incorporated on
21/03/2013. It is stated that IMC has
received inward remittance of Rs
2,40,00,052.05 from Mr. Alungal
Mohammad (NRI) and shares would be
allotted to the NRI investor after FIPB
approval. The existing shareholding in
IMC is entirely held by resident Indians.
Post FIPB approval, 17.379% of the total
share capital in M/s Insight Media City
(India) Pvt. Ltd. will be held by Mr.
Alungal Mohammad (NRI) and the rest
82.621% by resident Indians.
IT /
Broadcasting
4 Ms. Maham
Nayyar and Miss
Ms. Maham Nayyar and Ms. Sahar
Nayyar, Pakistani citizen, has sought
FIPB approval to import finished carpets
Misc -
Trading

11. Sahar Nayyer,
Pakistan
from Dubai and other countries and trade
it in India
5
M/s ASV
Europa Security
Private Limited,
Secunderabad
M/s ASV Europa Security Private
Limited, Secunderabad seeking
permission for receiving 49% foreign
investment in Security Services and Man
Power recruitment & training services
by way of transfer of shares from its
current Indian Shareholder.
Misc -
Trading
6
M/s Beloor
Bayir Biotech
Limited,
Bangalore
M/s Beloor Bayir Biotech Limited
Bangalore, with 22.55% foreign
investment (on a fully diluted basis) by
M/s India Agri Business Fund Ltd.
Mauritius proposes to acquire, by way of
merger, the entire share capital of M/s
Bayir Chemicals India Private Limited,
Bangalore and M/s Sneha Nutura India
Private Limited, both companies being
engaged in pharmaceuticals sector.
Pharma
7
M/s Agappe
Diagnostics
Limited (ADL)
M/s Agappe Diagnostics Limited
(ADL) seeking approval for acquisition
of 20.24 percent of its fully paid-up
equity shares of ADL by M/s Sycamore
Holdings Limited, Mauritius.
Pharma
8
M/s Novalead
Pharma Private
Limited, Pune
M/s NovaLead Pharma Private
Limited, Pune has sought permission for
(a) the sale of a part of an existing
shareholder M/s Kotak India Growth
Fund share in the company to (another
existing shareholder) M/s Boxmoor
(Mauritius) Ltd., and (b) to allot
additional equity shares to Boxmoor.
Pharma
9
M/s Koye
Pharmaceuticals
Private Limited
M/s Koye Pharmaceuticals Private
Limited, a brownfield Pharmaceuticals
company, has sought permission to issue
additional 6,060 CCPS, constituting up
to 25.97% of the share capital of the
company on a post-issuance and fully
diluted basis to a new foreign investor.
Post the issue of ESOP shares, the new
foreign investor will hold 25% of the
paid up capital on a fully diluted basis.
Misc -
Trading
10
M/s Airworks
India
Engineering Pvt.
Ltd.
M/s Air Works India (Engineering)
Private Limited is seeking approval for
increasing foreign investment resulting
in increase of Indirect FDI in its WoS
engaged in Aircraft Management
Services and Air Charter Services as
“Non Scheduled Operators Permit.
Civil
Aviation

12. 11
M/s Ostro
Energy Private
Limited, Delhi
M/s Ostro Energy Private Limited,
New Delhi has sought permission as a
core investment company for investment
of USD 230 million (approximately INR
1400 crores) over the next 4-5 years in
wind energy assets in India via
downstream investment.
Investing
Company
12
M/s
Monsoon
Capital LLC,
USA
M/s Monsoon Capital LLC has
sought permission for making
investments directly or indirectly in
Monsoon Alternative Investment Trust
in the form of FDI.
Misc -
Alternative
Investment
Fund (AIF)
The followingthree (03) proposalswereapprovedunderthe automaticroute:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1 M/s Metalsa India
Pvt. Ltd., New Delhi
M/s Metalsa Issue of equity
shares to non-resident
shareholders against
capitalization of import of capital
Goods/ Machinery.
Misc -
Manufacturing
2 M/s GMU Infosoft
Pvt. Ltd.
The company proposes to
issue 2750 equity shares (1.52%
equity) of Rs.10/each, to Mr.
Ramneet Singh Rekhi, USA, NRI
and 2750 equity shares (1.52%
equity) of Rs.10/each to
Mr.Sartaj Singh Rekhi, USA,
NRI.
Misc
3 M/s U Infosoft
Pvt. Ltd.
The company proposes to
issue 2750 equity shares (1.52%
equity) of Rs.10/each, to Mr.
Ramneet Singh Rekhi, USA, NRI
and 2750 equity shares (1.52%
equity) of Rs.10/each to
Mr.Sartaj Singh Rekhi, USA,
NRI.
Misc
4
M/s Cerner
Healthcare Solutions
Pvt Ltd, Bangalore
M/s Cerner Healthcare
Solution Private Limited,
Bangalore, is seeking approval
for investment in proposed
Limited Liability Partnership
(LLP) in the field of software
development and information
technology enabled securities in
the field of healthcare and other
allied fields.
LLP
The followingone (1) proposal hasbeenrecommendedforconsiderationof the CCEA,asthe investmentinvolvedin
the proposalsisabove Rs.1200.00 crore:

13. Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1
M/s HDFC
Bank Limited,
Mumbai
Approval has been sought by M/s
HDFC Bank Limited for the
issuance of equity shares
aggregating to an amount of
Rs.10,000 crore to NRIs/FIIs/FPIs
subject to the aggregate foreign
shareholding not exceeding 74% of
the post issue paid up capital.
Financial Services /
Banking Private
Sector
Release Id : 114497

14. Pib Release: Ministryof Finance, 30-December,2014
GovernmentApprovesEight(8) Proposalsof ForeignDirectInvestment(FDI) AmountingtoAboutRs.34.77 Crore
Basedon the recommendationsof ForeignInvestmentPromotionBoard(FIPB) initsmeetingheldon21stNovember
2014, the Governmentof Indiahasapprovedeight(8) proposalsof ForeignDirectInvestment(FDI) amountingtoRs.
34.77 crore approximately.
In addition,one proposal relatingtoM/s LupinLimitedhasbeenrecommendedforconsiderationof Cabinet
Committee onEconomicAffairs(CCEA).
Detailsof Proposalsconsideredinthe ForeignInvestmentPromotionBoard(FIPB) Meetingheld on21.11.2014 are as
follows:
Followingeight(8) proposalshave beenapprovedbythe Government:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector Proposed
FDI
(In Rs.Crore)
1. M/s Medicamen
Biotech Limited,
Delhi
M/s Medicamen Biotech Limited,
Delhi, engaged in pharmaceutical
sector, has sought approval for
additional foreign investment by M/s
Pharmadanica A/S, Denmark, an
existing foreign investor in the
company.
Pharma 0.15
(approx)
2. M/s Mahanagar
Gas Limited
M/s Mahanagar Gas Limited,
engaged in Petroleum and Naturalgas
sector, is seeking approval to record
revised proposed shareholding
structure.
P&NG
(Others)
Nil
3. M/s TutorVista
Global Private
Limited, Chennai
Approval has been sought by M/s
TutorVista Global Private Limited for
the merger of several direct and
indirect wholly owned subsidiaries of
Pearson (Singapore) PTE Limited.
IT &
ITES
Nil
4. M/s CSC
Computer Sciences
International
Operations Limited,
United Kingdom
M/s CSC Computer Sciences
International Operations Limited,
United Kingdom, is seeking
permission for setting-up a proposed
LLP.
IT &
ITES
30.00
(approx)
5.
M/s Ventura
(India) Private
Limited
M/s Ventura (India) Private
Limited, engaged in services sector,
seeking approval for issuance of
shares to a foreign company in the IT
sector in consideration of acquiring
latter’s branchoffice in India pursuant
to a court approved scheme of
demerger.
IT &
ITES
Nil
6. M/s Life Positive
Private Limited.
(LPPL).
Increase in foreign equity
participation from the existing 96% to
99% of the equity of the Company
and induction of further FDI
of Rs.4,60,75,900 by the foreign
collaborators.
I&B
4.61
(approx.)

15. 7. M/s Syssmart
Services LLP,
Mumbai
(No. FC.I-
118/2014)
M/s Syssmart Services LLP,
Mumbai, engaged in software supply
services, has sought approval for
investment by Mrs. Manjushree
Khisty, a foreign national.
Others
(Software
Services)
0.0095
8. M/s Mahindra CIE
Automotive Limited,
Mumbai.
(No. FC.I –
123/2014)
M/s Mahindra CIE Automotive
Limited, Mumbai has sought approval
to issue and allot 6,30,03,150 equity
shares to M/s Participaciones
Internacionales Autometal Dos. S.L.,
Spain (PIA 2), the non-resident
shareholder of M/s Participaciones
Internacionales Autometal Tres, S.L.
Spain (PIA 3), in consideration of
merger of M/s Participaciones
Internacionales Autometal Tres, S.L.
Spain (PIA 3) into M/s Mahindra CIE
Automotive Limited.
Others Nil
The followingtwelve(12) proposalshave beenrecommendedtobe deferred:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1.
M/s Syngene
International Limited,
Bangalore
An Indian Pharma company, engaged in
contract R&D and manufacturing to third parties,
is seeking approval for 10% foreign equity
participation in its equity shares capital.
Pharma
2. M/s Biogenomics
Limited
Proposal for increase in aggregate limit of
investment by SEBI registered FIIs and their sub-
accounts in the capital of M/s Lupin Limited under
the Portfolio Investment Scheme, put together to
49%.
Pharma
3. M/s Keppel
Puravankara
Development Private
Limited, Bangalore
M/s Keppel Puravankara Development Private
Limited, Bangalore, engaged in construction and
development of residential projects in India, has
sought approval for redemption of preference
shares issued to the foreign investor M/s Keppel
Puravankara Development Pvt Limited, upon the
expiry of minimum lock-in period of 3 years.
Construction
& Development
4. M/s India Value
Fund IV
M/s India Value Fund IV, having 97% FDI,
seeking approval for downstream investment in
M/s Atria Convergence Technologies Private
Limited, an internet service provider and holds
downstream investment in companies engaged in
internet service provider and multi system operator
for cable network.
Telecom & I&B
5. M/s Bencera
Resources Private
Limited, Ahmedabad
M/s Bencera Resources Private Limited,
Ahmedabad, engaged in trading of ceramic
industry consumables, has sought post-facto
approval for partly paid shares issued to M/s
Ceranik System Limited, China.
I&B

16. 6.
M/s Knowlarity
Communications
Private Limited, Delhi.
M/s Knowlarity Communications Private
Limited, engaged in providing telecom services,
has sought an approval to transfer equity shares
from existing investors and fresh issue of equity
shares and CCPS to existing and new investor-
leading to an increased FDI stake from 56.14%
to80.97%.
Telecom
7. M/s SME Capital
Market Corporation
Ltd, Delhi
M/s SME Capital Market Corporation Ltd.
Delhi, presently a holding company, which
proposes make downstream investment in
companies to engage in manufacturing, has sought
approval for foreign investment in the company.
Telecom
8. M/s Cheekotel
Venture Fund Private
Limited, Delhi.
M/s Cheekotel Venture Fund Private Limited,
Delhi, a domestic VCF company, has sought
approval to issue equity upto 40% (of the voting
rights) to foreign investors for making investment
in M/s SME Capital Market Corporation Ltd.
Delhi.
Telecom
9. M/s Shah Vibratory
LLP, Mumbai
M/s Shah Vibratory LLP, Mumbai has sought
approval for 50% foreign participation of M/s
National Air Vibratory Company, USA.
Others
10. M/s SNC-Lavalin
Mauritius Limited.
[No. FC.II
39(2012)/32(2012)]
M/s SNC-Lavalin Mauritius Limited is seeking
approval for conversion of CCPSinto equity shares
held in M/s Piramal Roads Infra Private Limited,
an Indian investing cum operating company and to
increase its shareholding from 10% to 17%.
Investing
company
11. M/s Montblanc
Services B.V,
Netherlands.
[No.
10/SIA/RT/2014-FC.I)
M/s Montblanc Services Blank B.V,
Netherlands (holding 51% of shares)and M/s Titan
Company Limited, India (holding 49% of shares)
propose to set up a Joint Venture company (to be
incorporated) for undertaking single brand
retailing of ‘Montblanc’ products.
Retail
trading/ Misc
12. M/s Verint Systems
(India) Private
Limited.
(No. FC.II:
512/2005)
A WoS of foreign company, holding FIPB
approval to undertake cash and carry wholesale
trading and export trading in respect of only
Enterprise Intelligence Systems( EIS) and Video
Intelligence Systems (VIS) products related to
telecom and defence, has sought removal
of condition of seeking prior approval
before making every sale imposed by FIPB.
Wholesale
and Export
Trading
The followingtwo (2) proposals have been withdrawn by the applicant:
Sl.
No.
Name of the applicant
1. M/s Today Magazines Lifestyle Private Limited, New Delhi.
2. M/s TC Capital Managers

17. The followingone (1) proposal has been recommended for the consideration of the CCEA, as the investment
involvedin the proposals is above Rs. 1200.00 crore:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1. M/s Lupin Limited Proposal for increase in aggregate limit of
investment by SEBI registered FIIs and their
sub-accounts in the capital of M/s Lupin
Limited under the Portfolio Investment
Scheme, put together to 49%.
Pharma

18. PressRelease : 01-December,2014
Governmentapprovesfifteen(15) proposalsof ForeignDirectInvestment(FDI) amountingtoaboutRs.689.35 Crore
Basedon the recommendationsof ForeignInvestmentPromotionBoard(FIPB) initsmeetingheldonNovember14,2014,
the Central Governmenthasapprovedfifteen(15) proposalsof ForeignDirectInvestment(FDI) amountingtoRs.689.35
crore approximately.
In addition,one proposal viz.,M/sHDFC BankLimitedhasalsobeenrecommendedforconsiderationof Cabinet
Committee onEconomicAffairs(CCEA).
Details of Proposalsconsideredin the Foreign Investment Promotion Board (FIPB) Meeting held on 14.11.2014 are as
follows.
Following fifteen (15) proposals have been approved:
Sl.
No
Name of the applicant Gist of the proposal Proposed
FDI
Sector
1 M/s IdeaForge Technology
Pvt. Ltd
(No. 8/SIA/NFC/2013-FC-I)
M/s IdeaForge Technology Pvt. Ltd,
which is a manufacturer of unmanned
aerial systems mainly supplied to
defence sector, has sought approval
for NRI investment by Ms. Sujata
Vemuri due to change in the activities
of the company
Defence 0
2 M/s Punj Lloyd Limited,
Gurgaon (No.
128/2014-FC.I)
M/s Punj Lloyd Limited, Gurgaon,
with the existing FDI, has sought
FIPB approval to undertake
additional activity of manufacturing
of equipment, systems and associated
assemblies for the defence sector.
Defence 0
3 M/s Panacea Publishing Pvt
Ltd, Mumbai (No.129/2014-
FC.I)
M/s Panacea Publishing Pvt. Ltd,
Mumbai has sought approval for 50%
foreign equity by M/s Panacea
Publishing International Limited, UK
to engage in the business of print and
advertising media.
I&B 0.1
4 M/s Vogel Business Media
India Pvt. Ltd., Mumbai [No.
FC.II 51(2011)/87(2011)]
(43/AM/2014)
M/s Vogel Business Media India Pvt.
Ltd., engaged in publishing, is
seeking post facto approval for (i)
induction of a new foreign investor in
the approval letter to whom shares
had been issued in 2011, (ii) change
of name of one existing investor and
(iii) induction of name of one foreign
investor which was inadvertently not
inserted in the approval letter.
I&B 0

19. 5 M/s GETIT Infoservices
Private Limited (formerly
known as M/s GETIT
Infoservices Limited) (No.
FC.II 115/2008)
M/s GETIT Infoservices Private
Limited, engaged of publishing, is
seeking approval for increasing
foreign equity participation in its
share capital from present 96.266% to
upto 100%.
I&B 184
6 M/s Herman Miller Furniture
(India) Private Limited,
Bangalore (No. 124/2014-
FC.I)
Approval has been sought by M/s
Herman Miller Furniture (India)
Private Limited for setting up a
manufacturing unit for manufacturing
furniture including wooden and steel
furniture which has been reserved for
Micro, Small and medium
Enterprises Sector (MSME’s) .
Others NIL
(Already
brought
in)
7 M/s Center for Disease
Detection Services Global
Private Limited,
Bangalore (No. 127/2014-
FC.I)
M/s Center for Disease Detection
Services Global Private Limited,
Bangalore, is seeking permission for
conversion of advances into equity.
Pharma NIL
(Already
brought
in)
8 M/s The Nuance Group AG
(No. FC.II-176/2013)
M/s Nuance Group AG Switzerland
has proposed for amendment in the
approval letter dated 05.12.2013 and
to purchase shares in an existing
company of the same group instead of
incorporating a new company to be
engaged in operating the duty free
outlets at the Chhatrapati Shivaji
International Airport (CSIA),
Mumbai.
others 42
9 M/s Zipcash Card Services
Pvt. Ltd (No.
14/SIA/NFC/2011-FC-I)
M/s Zipcash Card Services Pvt. Ltd
has sought approval for removal of
the condition of minimum
capitalization as required under para
6.2.24.2 viz USD 0.5 million.
Alternatively, if FIPB of the opinion
that this condition cannot be deleted,
then permit NRI
to transfer the fully paid equity shares
held by him in the company to any
person resident in India without
further complying with minimum
capitalization condition.
NBFC 0
10 M/s Sanofi-Synthelabo
(India) Limited, Mumbai (
No. 115/2014-FC.I)
M/s Sanofi-Synthelabo (India)
Limited, Mumbai, engaged in
brownfield pharmaceutical sector and
a 100% WOS of M/s Sanofi S.A.,
France, has sought approval for (a)
additional foreign investment of
Rs.90 crore from its parent company
and (b) inter-corporate loan from
another Indian incorporated Sanofi
Group company in order to acquire
Pharma 90

20. 20% equity in M/s Apollo Sugar
Clinics Limited, Mumbai- a company
engaged in providing healthcare
clinical services.
11 M/s Sun Pharmaceutical
Industries Limited, Gujarat (
No. 119/2014-FC.I)
M/s Sun Pharmaceuticals Industries
Limited, Gujarat has sought approval
for issuing equity shares to: (a) the
non-resident shareholders and (b) the
holders of global depository receipts
of M/s Ranbaxy Laboratories Limited
pursuant to the merger of M/s
Ranbaxy Laboratories Limited into
M/s Sun Pharmaceuticals Limited
through a scheme of arrangement and
based on the share exchange ratio set
out in the scheme.
Pharma 0
12 M/s Panacea Biotech
Limited, Delhi (No.
122/2014-FC.I)
M/s Panacea Biotec Limited, Delhi, a
listed company engaged in
pharmaceutical sector, has sought
approval for issuance of equity shares
to Qualified Institutional Buyers
(QIBs) through proposed qualified
institutional placement.
Pharma 250
13 M/s Neuland Laboratories
Limited, Hyderabad (No.
130/2014-FC.I)
Approval has been sought by M/s
Neuland Laboratories Limited for the
issuance of shares on right basis to its
existing non-resident shareholders.
Pharma 25
14 M/s Satures India Pvt. Ltd.,
Banglore [No. FC.II-
80(2012)/28(2012)] (No.
47/AM/2014)
An Indian pharma company is
seeking approval to increase foreign
investment from 58.88% to 72.65%
by way of transfer of shares from
resident to existing non-resident
shareholder and NR-NR transfer.
Pharma 98.25
15 M/s A. Menarini India Pvt.
Ltd. (No. FC.II 199/2012)
M/s A. Menarini India Private
Limited (A. Menarni) is seeking
approval to issue its equity shares to
shareholders of M/s Menarini Raunaq
Pharma Limited (MRPL) and further
transfer of shares from shareholders
of MRPL to shareholder of A.
Menarini, pursuant to the approval of
the merger of MRPL with A.
Menarini.
Pharma 0
The following seven (7) proposals have been deferred:
Sl.No. Name of the applicant Gist of the proposal Sector
1 M/s Augere Wireless
Broadband India Private
Limited, New
M/s Augere Wireless Broadband India Private
Limited, an Indian telecom company, proposes
Telecom

21. Delhi [No. FC.II
– 27(2011)/242(2010)]
to Increase foreign equity participation from
74% to 100%.
2 M/s O-zone Networks Private
Limited, Delhi. (No. 114/2014-
FC.I)
M/s O-zone Networks Private Limited Delhi,
engaged in telecom sector and with 33.33%
existing FDI from M/s AL Telecom Holdings
(India) Limited, Cyprus, seeks approval for upto
100% foreign investment by M/s Ozone BV,
Netherlands by way of purchase of the equity
share capital existing foreign and domestic
shareholders.
others
3 M/s Agilent Technologies
(International) Private Limited
[No. FC.II 5(2003)/526(2002)]
Approval/clarification has been sought by M/s
Agilent Technologies (International) Private
Limited to partially lease the premises, treating
it as additional activity.
IT &
ITES
4 M/s Baring Private Equity Asia
IV Mauritius Holdings (3)
Limited [No. FC.II
440(2000)/499(2000)] [No.
37(2007)/05(2007)]
: Approval has been sought by Sharekhan
Limited and M/s Human Value developers Pvt
Ltd for the transfer of CCDs and CCPs of their
companies held by IDFC limited to Baring
Private Equity Asia IV Mauritius Holdings
Limited.
NBFC
5 M/s Holcim (India) Pvt. Ltd.
[No. FC.II.
360(2002)/479(2002)]
Approval has been sought by M/s Ambuja
Cements Ltd., for the acquisition of 24% shares
in its holding company; Holcim (India) Pvt Ltd
from the latter’s holding company M/s
Holderind Investments Ltd (NR) and
subsequent reverse merger through a share
swap.
others
6 M/s FTF Pharma Pvt Ltd.,
Ahmedabad (No. 94/2014-
FC.I)
Approval has been sought by M/s FTF Pharma
Private Limited, a brownfield pharmaceutical
company for issuance of equity shares on a right
basis to its existing foreign shareholder in the
proportion of the shares held.
Pharma
7 M/s Vayugrid Marketplace
Services Private Limited,
Maharashtra (No. 116/2014 –
FC.I)
M/s Vayugrid Marketplace Services Private
Limited, Maharashtra, is seeking approval for
allotment of equity shares towards preliminary
expenses for the incorporation of the company
and to issue pending equity shares against share
application money pending since takeover of a
sister company since 31.03.2009.
others

22. The following two (2) proposals have been rejected:
Sl.No. Name of the applicant Gist of the proposal Sector
1 M/s Quikjet Cargo Airlines
Pvt. Ltd. Banglore
(No. 117/2014-FC.I) (No.
FC.II – 23/2013)
Approval has been sought by M/s Farnair
Switzerland A.G for the purchase of
shares/CCPS of M/s Quickjet Cargo Airlines Pvt
Ltd from its existing shareholder and subscribe to
fresh shares, hereby increasing the foreign
shareholding from 62.34% to 74%
Civil
Aviation
2 M/s Phil Arthur Bedford,
Dubai
( No. 101/2014-FC.I)
Mr. Phil Arthur Bedford, a British National and
Dubai Resident has sought approval to set up an
LLP in India which will act as the Master
Franchisee of the Referral Institute, an institute
engaged in providing consultation tools to help
business professional to gain financial success
through relation based referral marketing.
others
In respect of the following one (1) proposal, the recommendation is to advise the applicant that the
proposal does not lie before FIPB, since the present activity is under automatic route:
Sl.No. Name of the applicant Gist of the proposal Sector
1 M/s Turner General
Entertainment Networks
India Private Limited
[No. FC.II-
37(2007)/5(2007)] (No.
45/AM/2014)
Post Facto approval has been sought by Turner
General Entertainment Networks India Private
Limited for the transfer of 1 share held by resident
shareholder to WoS of the foreign investor.
I&B
The following one (1) proposal has beenrecommended for the consideration of CCEA, as the investment
involved in the proposals is above Rs. 1200.00 crore:
Sl.No. Name of the applicant Gist of the proposal Sector
1 M/s HDFC Bank Ltd.
(No.FC.I-231/2013)
Approval has been sought by, M/s HDFC Bank
Limited for maintaining the permissible foreign
holding in the bank up to 74% of the total paid
up capital, out of which the FII sub-limit would
be 49% and the balance 25% would be FDI.
Banking
Private Sector

24. PressRelease :
GovernmentapprovesTwenty(20) Proposalsof ForeignDirectInvestmentamountingtoRs988.3 Crore
Basedon the recommendationsof ForeignInvestmentPromotionBoard (FIPB) initsmeetingheldonSeptember16,
2014, the Governmenthasapprovedtwenty(20) proposalsof ForeignDirectInvestmentamountingtoRs.988.3 crore
approximately.
Detailsof Proposalsconsideredinthe ForeignInvestmentPromotionBoard(FIPB) Meetingheldon16th September,2014
are as follows:
1. Followingtwenty(20) proposalshave beenapproved:
Sl.
No.
Name of the applicant Gist of the proposal Proposed
amount of
FDI (in Rs.
Crore)
Sector
1 M/s BhartiShipyard Ltd.,
Mumbai
(No.187/2011-FC.I)
M/s Bharati ShipyardLimited,Mumbai
(Investee Company) whichhasexistingFII
and NRI investments has proposed to
undertake additional defence activities
along with its existing activities.
Nil Defence
2 M/s Solar Industries
India Limited, Nagpur
(No. 86/2014-FC.I)
M/s Solar Industries Limited, which
has minimal investment FII/NRI
investment, has sought approval for
undertaking additional activity of
manufacturing defence products.
Nil Defence
3 M/s Hatsoff Helicopter
Training Pvt Ltd, Bangalore
(No. 112/2014-FC.I)
Postfactoapproval hasbeensoughtby
M/s Hatsoff HelicopterTrainingPvtLtdfor
the issue of sharesagainstinterestmoney
accrued on the foreign remittance
received by it from the foreign investor.
Rs. 5.6
Crore
Civil
Aviation
4 M/s Verizon
Communications India
Private Limited
[No. FC.II – 39/2002]
M/s Verizon Communications India
Private Limited, engaged in telecom
sector, is seeking approval to increase
foreign equity participation by its foreign
parent from 74% to 100%.
Rs. 2.32
Crore
Telecom
5 M/s Ironman Media and
Advisory Services Private
Ltd. (No.
11/SIA/NFC/2014)
M/s Ironman Media and Advisory
Services Private Ltd. has sought approval
to issue sharesforthe amountreceivedas
FDI.
Rs. 0.30
Crore
Print
Media
6 M/s Axes Studios LLP
(No.10/SIA/NFC/2014-
FC I)
M/s Axes Studios LLP has sought
approval to accept NRI investment from
Mr. Gunjan Dhirendra Chag, NRI, UK.
Rs. 0.99
Crore
IT
7 M/s MapfreAsistencia
Camp A+ Aa International
de SegurosYReaseguros,
SA(No. 245/2013-FC.I)
Permissionfor incorporatinga WoS in
India for providing software related
services and also act as Corporate Agent
to an Indian Insurer by Soliciting and
Procuring Insurance business as
Corporate Agent.
Rs. 1.70
Crore (US$
0.275
million)
Insurance

25. 8 M/s Instant Global
Money Transfer Private
Limited
(No. 78/2014-FC.I)
M/s Instant Global Money transfer
Private Limited, Punjab is seeking post
facto approval for partly paid shares
issued to the M/s Trans-Fast Remittance
LLC, New York against FDI.
Rs. 0.15
Crore
NBFC
9 M/s GETCO Asia Pte.
Ltd., Singapore
(No. FC.II: 156/2011)
Approval sought by a wholly foreign
owned company for setting up a
downstream subsidiary to be engaged in
the business of commodities broking,
commodities trading and providing
liquidity to the commodities market.
Nil NBFC
10 M/s Equitas Holdings
Private Limited, Tamil Nadu
(No. FC.II- 236/2011)
Approval has been sought by M/s
Equitas Holdings Private Limited for
downstream investment in its wholly
ownedsubsidiariesby itsexistingandnew
foreign shareholders hereby increasing
the foreignequityfrom91.30% to 93.12%
Rs. 325
Crore
Investing
Company
11 M/s ANZCapital Pvt.
Ltd. (FC.II: 121/2001)
M/s ANZ Capital Private Limited is
seeking approval for removal of the
condition prescribed in the FC approval.
Nil NBFC
12 M/s Medipass SRL, Italy
(No. 83/2014-FC.I)
Approval is sought by Medipass SRL,
an Italian company for the acquisition of
85.19% stake in the share capital of M/s
Clearview Healthcare Private Limited,an
investing company with downstream
investment in health sector.
Rs. 15.11
Crore
Pharma
13 M/s Intas
Pharmaceuticals Limited,
Ahmedabad
[No. FC.II – 334/2005]
M/s Intas PharmaceuticalsLimited,an
Indianpharmaceuticalscompany,seeking
approval for NR to NR transfer of 10.16%
its shares.
Nil Pharma
14 M/s. Koye
Pharmaceutical Private
Limited
(No. 41/2014-FC.I)
M/s Koye Pharmaceuticals Private
Limited, a brownfield Pharmaceuticals
company, has sought permission to issue
additional 1,818 CCPS, 15constituting up
to 6.81% of the share capital of the
company on a post-issuance and fully
diluted basis, to the already existing
investor M/s SCI Growth Investments II,
Mauritius.
Rs. 7.50
Crore
Pharma
15 M/s Amneal
Pharmaceuticals Company
India Pvt. Ltd.
(No. 67/2014-FC-I)
M/s Amneal Pharmaceuticals
Company Private Limited, a foreign
owned and controlled company, is
seeking approval for acquisition of entire
share capital of Epsilon, through a share
purchase agreement a company engaged
intradingof genericpharmaproductsand
in process of setting up formulation
manufacturing facility.
UptoRs.
205 Crore
Pharma
16 M/s Fresenius Kabi
Oncology Limited, New
Delhi
(No. 89/2014-FC.I)
Approval has been sought for issuance
of equity shares for an aggregate
consideration of Rs. 119 Crore to increase
foreign shareholding from 96.22% to
96.483% of its parent company.
Rs. 119
Crore
Pharma
17 M/s Ferring
Pharmaceuticals Pvt. Ltd.
M/s Ferring Pharmaceuticals Private
Limited is seeking post facto approval for
Nil Pharma

26. (FC.II 456/1996) the investment made by Ferring BV
(foreign company) into M/s Ferring
Pharmaceuticals Pvt. Ltd for onward
downstream investment in its WoS M/s
Ferring Therapeutics Pvt. Ltd., prior to
approval of FIPB.
18 M/s Indusind Bank Ltd.
(591/FC/93/NRI-FC I)
the applicant has sought approval for
increase in foreign investment in IBL to
74% witha specificrequesttogrant post-
facto approval for increase in foreign
holding from 68.51% to 72.07% on
30.06.2014
Not
indicated
Banking –
Private Sector
19 M/s Dymak India
Services Limited Liability
Partnership, Uttar Pradesh
(No. 85/2014-FC.I)
Post Facto approval has been sought
by M/s Dymak India Services LLP for
foreign contribution of Rs. 44,53,523 to
acquire 80% stake inthe IndianLLPbyM/s
Dymak A/S CVR 1975 7803.
Nil Whole
Sale Trading
20 M/s Tara India Fund IV
Trust, Mumbai
(No. 102/2014-FC.I)
M/s Tara India Fund IV Trust seeking
permission for investment upto US$45
million by subscribing to the units of the
applicant and category B investors to
invest up to US $ 5 million in the units of
TARA Fund.
Rs
305.63 Crore
(US$ 50
million)
Investing
Company

27. 2. The followingeight(8) proposalshave been deferred:
Sl.
No.
Name ofthe applicant Gist of the proposal Sector
1 M/s Pureplay
Investment Partners,
Mauritius
(No. FC.I-270/2013)
Proposal for FDI by M/s Pureplay Investment Partners
Mauritius in:
(a) upto 74% in M/s Indiverse Broadband Private
Limited, an existing company engaged in the cable
television networks business and undertaking up -gradation
of networks towards digitization and addressability (b) 49%
in (JVC-I) and 49% in (JVC-2) (both JVC will be act as
investing company).
Telecom
2 M/s ASV Europa
Security Private Limited,
Secunderabad (No.
91/2014-FC.I)
M/s ASVEuropa Security Private Limited, Secunderabad
seeking permission for receiving 49% foriegn investment in
Security Services and Man Power recruitment & training
services by way of transfer of shares from its current Indian
Shareholder.
Private
Security
Agencies
3 M/s Halyard Health
Inc., USA (No. 109/2014-
FC.I)
Approval has been sought by M/s Halyard Health, Inc,
USA, WoS of Kimberley Clark group to set up a new
company in India to be engaged in import and sale of
healthcare products on “Wholesale business” and transfer of
some assets from one WoS to the new company.
Pharma
4 M/s BeloorBayir
Biotech Limited,
Bangalore (No. 111/2014-
FC.I)
M/s BeloorBayir Biotech Limited Bangalore, with
22.55% foreign investment (on a fully diluted basis) by M/s
India Agri Business Fund Ltd. Mauritius proposes to acquire,
by way of merger, the entire share capital of M/s Bayir
Chemicals India Private Limited, Bangalore and M/s Sneha
Nutura India Private Limited, both companies being engaged
in pharmaceuticals sector.
Pharma
5 Mr. Anurag Kumar
(No. 12/SIA/NFC/2014)
The applicant has sought Government approval for
acquisition of 100% equity of BPPL. The proposal has been
supported by the consent of existing shareholders and Board
Resolution of the investee company.
Pharma
6 M/s Tevapharm India
Pvt. Ltd. [FC.II
35(2001)/45(2001)]
A 100% foreign owned Indian brownfield pharma
company is seeking approval for additional capital infusion.
Pharma
7 M/s GMU InfosoftPvt.
Ltd.
(No.
17/SIA/NFC/2011-FC I)
company proposes to issue 2750 equity shares (1.52%
equity) of Rs.10/each, to Mr. Ramneet Singh Rekhi, USA,
NRI and 2750 equity shares (1.52% equity) of Rs.10/each to
Mr.Sartaj Singh Rekhi, USA, NRI.
Others
8 M/s UInfosoftPvt. Ltd.
( No. 16/SIA/NFC/2011-
FC I)
The company proposes to issue 2750 equity shares
(1.52% equity) of Rs.10/each, to Mr. Ramneet Singh Rekhi,
USA, NRI and 2750 equity shares (1.52% equity) of
Rs.10/each to Mr.Sartaj Singh Rekhi, USA, NRI.
Others

28. 3. The followingfive (5) proposalshave beenrejected:
Sl.
No.
Name of the applicant Gist of the proposal Sector
1 M/s Indus Teqsite Private
Limited, Tamil Nadu
(No. 261/2013-FC.I)
A JV is proposed to be formed with 26% FDI to
undertake defence sector activities.
Defence
2 M/s. Sistema Shyam
Teleservices Ltd.
[FC.II 241 (07)/285(07)]
Increases in FDI upto 100% in M/s Sistema Shyam
Tele Services Limited and its downstream WoS M/s
Shyam Internet Services Limited, both engaged in
telecom sector, on account of conversion of
Redeemable Preference Shares into equity.
Telecom
3 M/s Kusum Healthcare
Private Limited, New Delhi
(No. 92/2014-FC.I)
M/s Kusum Healthcare Private Limited, New Delhi,
engaged in pharmaceuticals sector, has sought
approval for issuing equity shares/CCPS/CCDs to M/s
Upasa Holdings AG, Switzerland, leading to 25%
shareholding in the applicant.
Pharma
4 M/s BioMerieux India
Private Limited, New Delhi
(No. 97/2014-FC.I)
M/s BioMerieux India Pvt Ltd., a WoS of M/s
BioMerieux France has sought approval for additional
downstreaminvestmentof 10% (increase from 60% to
70%) in M/s RAS Life sciences Private Limited, a
companyengagedinbrownfieldpharmaceuticalsector.
Post-factoapproval forinitialinvestmentof 60% would
also be required.
Pharma
5 M/s HBM Private Equity
India
(No. 216/2013-FC.I)
Approval has been sought by M/s HBM Private
Equity India, Mauritius to acquire 7.72% equity shares
of M/s Marck biosciencesLtdfromIFCIVenture Capital
Fund Ltd. This will result in increased foreign equity
participationfrom49.29% to 57.01%. Howeverthere is
no change in the holding of the promoter group
(80.01%).
Pharma
4. In respectof followingtwo(02) proposals,the recommendationis toadvise the applicantsthatFIPBapproval is
not requiredintheircases:
Sl.
No.
Name of the applicant Gist of the proposal Sector
1 M/s Kineco Kaman
Composites India Pvt. Ltd.
(No. FC.I-100/2013)
M/s Kineco Kaman Composites-India Pvt Ltd,
having26% FDI, proposestoundertake the additional
activity of supplying products and research and
development services to the defence sector, along
with its existing activities.
Defence
2 M/s Xander Finance Pvt.
Ltd., Delhi
(No. 110/2014-FC.I)
M/s Xander Finance Private Limited, a loan NBFC,
with 99.45% FDI from M/s Xander Credit Pte.Limited,
Singapore has sought post-facto approval for
deployment of temporary surplus funds in debt mutual
fund and for making future deployment of temporary
surplus funds in debt mutual funds and government
bonds.
NBFC