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The Foreign Investment Promotion Board (FIPB), the body that assesses and approves the Foreign Investment proposals in India has cleared 14 FDI proposals worth Rs. 1310 crore. Six proposals have been deferred, while three FDI proposals were rejected by the Board.
The largest proposal approved was for Mumbai based Hindustan Port Pvt. Ltd., who will receive foreign investment infusion of Rs. 440 of for making downstream investment in other Indian companies.
14 FDI proposal that were approved by FIPB
| Sl. No. | Name of the Applicant | Particulars of the proposal | FDI/NRI inflows (Crore) |
| 1 | M/s Kama Schachter Jewelry Pvt. Ltd., Mumbai | Post facto approval at the instance of RBI for having made a downstream investment in Oct 2007 in the field of import & export of diamonds. | Nil |
| 2 | M/s Saurav Chemicals Ltd., Punjab | An existing pharma sector company to issue fresh equity shares to a foreign company. | 14.85 |
| 3 | M/s Aanjaneya Lifecare Limited, Mumbai | An existing pharma company to issue Foreign Currency Convertible Bonds to eligible foreign investors. | 405 |
| 4 | M/s Gavis Pharma LLC., USA | To invest in an Indian company engaged in the business of development and manufacture of injectable products and Sterile Ophthalmic preparations for the Indian and other regulated markets. | 73.75 |
| 5 | M/s Syngene International Limited, Bangalore | Induction of foreign equity to carry out the business of contract research and development services to third parties engaged in the pharmaceutical, nutrition and material science industries under fee-for-service commercial arrangements. | 125 |
| 6 | M/s Hindustan Port Pvt. Ltd., Mumbai | To act as an investing company and receive foreign investment for making downstream investment in other Indian companies. | 440 |
| 7 | M/s Capita Retail Mysore Mall (Mauritius) Limited, Mauritius | The foreign company having invested in Construction & Development Sector has applied for approval to transfer shares within the group companies (NR to NR) prior to completion of lock-in-period for the sector. | Nil |
| 8 | M/s Capita Retail Mangalore Mall (Mauritius) Limited, Mauritius | The foreign company having invested in Construction & Development Sector has applied for approval to transfer shares within the group companies (NR to NR) prior to completion of lock-in-period for the sector. | Nil |
| 9 | M/s Capita Retail Mangalore Mall (Mauritius) Limited, Mauritius | The foreign company having invested in Construction & Development Sector has applied for approval to transfer shares within the group companies (NR to NR) prior to completion of lock-in-period for the sector. | Nil |
| 10 | M/s Ordain Health Care Global Private Limited | Acquisition of manufacturing facility of one of its own group pharma companies and to receive fresh FDI thereby increasing the foreign investment from 60% to 100%. | 40 |
| 11 | M/s Arshiya International Pvt. Ltd. | Ex-post-facto approval for issue of warrants to carry out the business of providing logistics solutions, integrated supply chain and logistics infrastructure services. | 2 |
| 12 | M/s Man Chung Lim Granites India Pvt. Ltd. | To issue equity shares against foreign remittance made as ‘pre-operative expenses’ for security deposit and import of machinery for raising, purchase and export of Granite stones under 100% EOU scheme. | Nil |
| 13 | Mr. Christoph Heinrich Sievers, Switzerland | Induction of foreign equity in an LLP to carry out the business of Consultancy services. | 0.0025 |
| 14 | M/s Excedo Reality Fund-I Acting through its Investment Manager Athamus Venture Management Pvt. Ltd., Bangalore | To accept contribution and investment from NRIs from various countries to carry out the business in development of Township, Housing, Built up infrastructure and Construction Development projects in compliance with FDI Policy. | 210 |
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