The proposals, approved by Finance Minister P Chidambaram on the recommendations of Foreign Investment Promotion Board, also included the application of Images Multimedia, which would bring in Rs 33.37 crore (Rs 333.7 million) in the country, according to an official release.
NYSE Euronext would infuse Rs 281 crore (Rs 2.81 billion) in India for acquiring 5 per cent equity in Multi-Commodity Exchange. This amount includes premium as well.
Images Multimedia, a portal for retail and other business information, has got the approval for bringing in Rs 33.37 crore (Rs 333.7 million) FDI for inducting 26 per cent equity in the publication of speciality magazines.
Besides, the board cleared the proposal of Japan-based steel product supplier Metal One Corporation, which is estimated to investment of Rs 32 crore (Rs 320 million) for setting up a new wholly-owned
subsidiary.
TRW Aftermarket Asia of Singapore would bring FDI worth Rs 21.20 crore (Rs 212 million) for setting up a manufacturing base for automobile components, while Italy-based Carel SPA would bring Rs 500,000 for wholesale trading, research and promotion relating to consumer durables.
Also, Japan-based Sumitomo Heavy Industry would bring in Rs 1 crore (Rs 10 million) for setting up a 100 per cent subsidiary for selling moulding machines.
Ashwini Steel would bring in Rs 1.68 crore (Rs 16.8 million) for setting up small scale industrial unit with a foreign equity of 84 per cent.
Besides, Mumbai-based Birla carpets, Greater Noida-based ST Microelectronic, Encompasss Events, Shell Bitumen India, Shell Gas India and Shell India Marketing have also received approvals but these would not attract fresh capital.
The government has deferred proposals of Amar Ujala Publication, RALF Schneider Holding GmbH, Mauritius-based Indivision India Partners and Bangalore located Connex Teltech Pvt Ltd.
The government has rejected the proposal of Mumbai-based JM Financial Venture.
