Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 239th meeting held on 30th August 2016, the Government of India has approved the following three FDI proposals:
|Name of the applicant
|Gist of the proposal
|Dr. Willmar Schwabe lndia Pvt Ltd
|Approval has been sought for the following additional activities:
i. To commence manufacturing and distribution of dietary supplement products and nutraceuticals manufactured in India by way of retail sale and/or wholesale;
ii. Distribution of dietary supplement products, nutraceuticals imported by the company by way of wholesale distribution; and
iii. To Set up health care center and provide health care services
|M/s SAET India Pvt. Ltd
|Approval has been sought to transfer of shares from a non-resident to another non-resident for INR 732.6 per share.
|M/s Bugworks Research India Private Limited
|approval for transfer of equity shares from existing resident shareholders to M/s Bugworks Research Inc, USA (‘Bugworks Research Inc’) aggregating to shareholding of 99.99% of the paid up equity share capital of Bugworks India.