The General Electrical Distribution and Philip Morris Overseas, both of the US, were among the companies who were given the green signal to enter the country.
These FDI proposals with an export projection of about Rs 912 crore were approved by industry minister Murasoli Maran on the basis of the recommendations made by the reconstituted foreign investment promotion board (FIPB).
All these proposals are in the field of infrastructure, textile, computer software, management consultancy, consumer industry and electrical industry, an official release here said.
Among the proposals, 11 are for setting up industries in Maharashtra, 10 in Tamil Nadu, six in Karnataka, five in Delhi, four in Gujarat, three each in Andhra Pradesh and Uttar Pradesh, two each in Haryana, Punjab and Bihar and one each in Kerala, Madhya Pradesh and West Bengal.
Philip Morris Overseas, the US multinational, proposes to set up a 100 per cent wholly-owned subsidiary in agriculture and food processing sectors. The MNC will later up the stake to Rs 50 crore.
GE Electricals distribution will set up a project to manufacture, market and export electrical distribution and control projects. Initially the US firm intends to hold 52.5 per cent equity and subsequently raise it to 100 per cent.
Gilco Satellite Communication (India) was allowed to set up a 100 per cent export-oriented unit here to manufacture wireless cable TV equipment for MMDs, LMDs and loop equipment. The unit envisages export projections to the tune of Rs 70 crore. Forty per cent equity of the project will be funded by NRIs.
Other foreign companies which figure in the list are Daelim Engineers and Constructors of Korea (engineering and consultancy), Ferring B V of the Netherlands (manufacture of harmones), H N Miebach Logistics of Germany (manufacture of logistic consultancy service), Denone France (manufacture and marketing of dairy and milk products) and United International Holdings of the US (television software).
A proposal worth Rs 588 crore from Birla Communications India was cleared by the government to provide cellular mobile telephone service. The firm proposes to hold equity up to 49 per cent.
United International Holdings plans to set up a wholly-owned subsidiary with a proposed investment ranging between Rs 260 crore and Rs 350 crore for the development of the entertainment industry.
Carbon MK Electric of the UK will set up a plant with an investment of Rs 59 crore to manufacture electric wiring devices. The firm wants to hold equity stake of 59.27 per cent.
The government approved the proposals of HP Chemie Pelzer of Germany to set up a Rs 3.3 crore plant at UP to manufacture automobile polyurethane parts. The unit's export projection is the order of Rs 14.94 crore.
Another FDI proposal cleared by the government referred to that of Next Axis Software of Australia to set up a Rs 35 crore project for software development in training and education. The project envisages to make exports worth Rs 68 crore.
TT Group plc of the UK was allowed to set up a Rs 2.7 crore plant in Tamil Nadu to manufacture soft ferrite components. The British firm will hold 90 per cent equity. The unit hopes to export components worth Rs 41.42 crore.
The government has also allowed Farmex Engineering (India) to set up an 100 per cent export-oriented unit here at a cost of Rs 65.91 crore to manufacture steel castings and forgings.
