(a) whether Arab countries have proposed to make investments in India;
(b) if so, the details of the projects;
(c) the amount of investment likely to be made on these projects; and
(d) the reaction of the Government thereto?
(a) whether Arab countries have proposed to make investments in India;
(b) if so, the details of the projects;
(c) the amount of investment likely to be made on these projects; and
(d) the reaction of the Government thereto?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI ASHWANI KUMAR)
(a) to (c): During April 2005 to March 2008 Government has approved 15 proposals from Gulf
countries, including UAE. Statement showing details of the projects approved is at Annex.
The amount proposed to be invested in the projects approved is US$ 124.85 million.
(d): Government has put in place a liberal policy for Foreign Direct Investment (FDI) under
which FDI up to 100% is permitted on the automatic route in most sectors/activities. The policy
is supported by promotional measures. Efforts have also been made to enhance economic
involvement with Arab countries through the India-GCC Industrial Conference and by setting up a
Council on Investments with the UAE.
ANNEX
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (c) OF LOK SABHA UNSTARRED QUESTION NO. 3381
FOR 23-12-2008
BREAK-UP FOR FOREIGN DIRECT INVESTMENT (FDI)
& FOREIGN TECHNOLOGY CASES(FTCS) APPROVED BY GOVERNMENT
DURING APRIL 2005 TO MARCH 2008
Gulf Countries
(Amount in million)
Sl. No Registration Indian Company Name Foreign Collaborator Foreign Equity %age of No and Date and Address Name and Address Foreign Equity in Rs in US$
Country : Kuwait
1 15 KIRBY BUILDING M/s Kirby Building Technical Case 07 February SYSTEMS INDIA LTD, Systems- Kuwait 2005 PLOT 8-15, IDA- 23933, SAFAT : 1310 PHASE-III, Kuwait, PASHAMYLARAM, KUwait MEDAK DISTRICT, ANDHRA PRADESH-502307
Location : MEDAK(ANDHRA PRADESH) Item of Manufacture : Appr No(Date) : 29(30 April 2005) MANUFACTURE OF PRE-ENGINEERED STEEL BUILDING USED IN INDUSTRIAL SEGMENTS/ WAREHOUSING,ETC.
2 224 NOOR FINANCIAL Noor Financial 0.00 0.00 5.00 13 August 2007 INVESTMENT COMPANY Investment C/O TRILEGAL, BI/F2, Company. MOHAN CO-OPERATIVE KUWAIT INDLL. ESTATE MATHURA ROAD, NEW DELHI-110044.
Location : DELHI(DELHI) Item of Manufacture : Appr No(Date) : 163(31 August 2007) EQUITY PARTICIPATION IN DELHI STOCK EXCHANGE.
3 227 14 August 2007 IKAARUS INDUSTRIAL IKARUS INDUSTRIAL 0.00 0.00 5.00 PETROLELUM COMPANY, PETROLEUM COMPANY KUWAIT. C/O TRILEGAL, KUWAIT THE SAPPHIRE B1/F2, MOHAN CO-OPP. INDUSTRIAL ESTATE, MATHURA ROAD, NEW DELHI-110 044
Location : DELHI(DELHI) Item of Manufacture : Appr No(Date) : 164(31 August 2007) EQUITY PARTICIPATION IN DELHI STOCK EXCHANGE
4 228 14 August 2007 KUWAIT PRIVATIZATION Kuwait Privatization 0.00 0.00 5.00 POROJECTS HOLDING KSC, Projects Holding KUWAIT. Company K.S. C/O TRILEGAL,THE KUWAIT SAPPHIRE B1/F2,MOHAN CO-OPPERATIVE ESTATE, MATHURA ROAD, NEW DELHI.110 044
Location : DELHI(DELHI) Item of Manufacture : Appr No(Date) : 165(31 August 2007) EQUITY PARATICIPATION IN DELHI STOCK EXCHANGE
Total Technical Cases : 1 Total Financial Cases : 3 Total Foreign Equity in Rs million  : 0.00  : US$ million  : 0.00
Country : Saudi Arabia
5 379 05 October 2003 KRBL LIMITED., MR. OMAR ALI OBIED 660.00 14.86 39.77 5190, LAHORI GATE, BALASHARAF, DELHI- 110 006. SAUDI ARABIA
Location : DELHI(DELHI) Item of Manufacture : Appr No(Date) : 282(31 January 2006) ENGAGED IN THE ACTIVITIES OF BUSINESS OF Amendment due to Increase in Equity PROCUREMENT OF PADDY, PROCESSING OF THE SAME WITH HIGH TECH MACHINERIES TO CONVERT INTO RICE, MAINLY FOR EXPORTS TO VARIOUS PARTS OF THE WORLD.
Total Technical Cases : 0Â Total Financial Cases : 1 Total Foreign Equity in Rs million : 660.00Â Â : US$ million : 14.86 Country : U.A.E.
6 54 26 February DAMAS JEWELLARY DAMAS JEWELLERY LLC, 22.95 0.54 51.00 2007 LLC DUBAI 606, DUBIA VISHAL BHAVAN 95,NEHRU PLACE, NEW DELHI-110019
Location : GREATER MUMBAI(MUMBAI) Item of Manufacture : (MAHARASHTRA) TO SET UP DUTY FREE SHOPS AT VARIOUS Appr No(Date) : 77(30 April 2007) INDIAN AIR- PORTS, SEAPORTS AND SUCH OTHER LOCATIONS WHERE DUTY FREE SHOPS ARE PREMITTED AS PER THE POLICY
7 101 30 March 2005 SHIRDI INDUSTRIES LTD., KLINKERT LIMITED, UAE. 30.00 0.69 14.28 A WING,2ND FLR.,MHATRE PEN BLDG.,SENAPATI BAPAT MARG, DADAR (W) MUMBAI 400028.
Location : UDDAMSINGH NAGAR Item of Manufacture : (UTTARANCHAL) Engaged in manufacture of Door Skins, Appr No(Date) : 122(30 June 2005) Panel Doors & Furniture components. In addition to existing activities, the company will also manufacture Plain/ Pre-Laminated Particle Board and MDF Boards.
8 116 27 April 2007 AL KHALEEJ SUGAR CO. AL KHALEEJ SUGAR 1.50 0.04 100.00 (L.L.C.) C/O M/S. CO.(LLC) DUBAI MINE & YOUNG ADVOCATES & LEGAL CONSULT C-346, LGF, DEFENCE COLONY, NEW DELHI-24.
Location : GREATER MUMBAI(MUMBAI) Item of Manufacture : (MAHARASHTRA) DOMESTIC PURCHASE OF SUGAR FOR THE Appr No(Date) : 103(31 May 2007) PURSPOES OF EXPORT ETC.
9 141 23 May 2007 RAKINDO DEVELOPERS RAKEEN DEVELOPMENT 4,100.00 101.45 50.00 P. LTD. C/O PJSC, UAE PRICEWATERHOUSECOOPES P. LTD., SUCHETA BHAWAN, (GATE NO.2, 2ND FLOOR) 11-A, VISHNU DIGAMBER MG NEW DELHI 110 002 AND/OR ITS WOS
Location : CHENNAI(TAMIL NADU) Item of Manufacture : Appr No(Date) : 131(31 July 2007) TO UNDERTAKE AND HOLD & DOWNSTREAM INVESTMENTT IN INDIAN COMPANIES ENGAGED IN INFRASTRUCTURE (INCLUDING INDUSTRIAL PARKS AND SEZ) & CONSTRUC- TION DEVELOPMENT PROJECT(RESIDENTTIAL & COMMERCIAL).
10 173 03 June 2005 AHMED RAMADHAN JUMA AHMED RAMADHAN JUMA 10.00 0.23 100.00 EST. DUBAI, UAE. EST, DUBAI, UAE C/o BSR &Company either directly 4B DLF Corporate Park, or throug DLF City, Phase-III, group company GURGAON- 122 002. in UAE or an overseas subsidiary.
Location : State Not Indicated Item of Manufacture : (State Not Indicated) Deal as wholesalers on cash Appr No(Date) : 170(31 July 2005) and carry basis in industrial instruments and equipment of all types including but not limted to centrifugal, submersible, sewage, drainage, industrial, hydro pneumaticu.
11 175 06 June 2005 BELADAMAS INDIA THAMINA JEWELLERY 1.00 0.02 100.00 PRIVATE LIMITED., FZCO, DUBAI, C/o Suresh Surana UAE. & Assoc 4th Floor, Dalmal Chamber 29, New Marine Lines, MUMBAI- 20.
Location : GREATER MUMBAI(MUMBAI) Item of Manufacture : (MAHARASHTRA) Existing: Engaged in rendering Appr No(Date) : 172(31 July 2005) services in respect of procurement inspection, evaluation, assortment vender development and similar activities with regard to cut and polished diamonds, precious stones, semi-precious stones, gold, silver bullion, jewellery.
12 256 31 August 2005 DUBAI FURNITURE DUBAI FURNITURE 0.50 0.01 100.00 MANUFACTURING CO. MANUFACTURING CO. LLC& MR. FAISAL LLC DUBAI. C/o A.L. Kapani & Co. 207, Chartered House, 297, Dr. Cawasji Hormusji Marine Lines, Mumbai- 400 002. MR. FAISAL AL MOOSA,
Location : GREATER MUMBAI(MUMBAI) Item of Manufacture : (MAHARASHTRA) To undertake Test-marketing for two Appr No(Date) : 225(31 October 2005) years and thereafter entire manufacturing process will be carried out in India gradually for mattress and sleep system.
13 281 05 October 2007 HIPE TRANSPORT VENTURES INFRASTURTUE PROJECTS 275.36 6.98 0.00 PRIVATE LIMITED, INTERNATIONAL 54,RICHMOND RD. FZE, UAE BANGALORE- 560025
Location : BANGALORE (URBAN) Item of Manufacture : (KARNATAKA) INFRASTRUCTURE PROJECT. Appr No(Date) : 244(05 December 2007)
14 347 16 November ORG INFORMATICS M/s. NQ Enterprises 0.00 0.00 28.45 2007 LIMITED, FZE, UAE 3RD FLOOR, ORCHID NRIs/ OCB SQUARE and others B-BLOCK SUSHANT LOK-1, GURGAON-122 002.
Location : GURGAON(HARYANA) Item of Manufacture : Appr No(Date) : 262(31 December 2007) SOFTWARE DEVELOPMENT SECTOR
15 480 24 November UNITED MOTORS & UNITED MOTORS & HEAVY 1.20 0.03 100.00 HEAVY EQUIPMENTS CO. EQUIPMENT CO (LLC) LLC 2002C/o KING & P.O. Box 22804 PARTRIDGE ADVOCATES, - Dubai, UAE 48 LAVELLA ROAD, BANGALORE- 560 001.
Location : BANGALORE (URBAN) Item of Manufacture : (KARNATAKA) TO ENGAGE MAINLY IN TRADING ACTIVITIES, Appr No(Date) : 363(30 August 2005) WHICH WOULD INCLUDE IMPORTING, Amendment due to Change in Capital MARKETING AND ALSO EXPORTING Structure OUTSIDE INDIAN CONSTRUCTION EQUIPMEN PARTS/SPARES.
Total Technical Cases : 0 Total Financial Cases : 10Â Â Total Foreign Equity in Rs million : 4,442.51 : US$ million : 109.99