ANDHERI (EAST), MUMBAI. AGENDA FOR MEETING OF THE APPROVAL COMMITTEE FOR EXPORT ORIENTED UNITS UNDER THE JURISDICTION OF DEVELOPMENT COMMISSIONER, SEEPZ-SEZ DATE : 30.05.2024 TIME :12:00 P.M. A deiuicduioioiok के के kaon ick

MEETING OF THE APPROVAL COMMITTEE FOR EXPORT ORIENTED UNITS UNDER THE JURISDICTION OF DEVELOPMENT 30.05.2024 COMMISSIONER, SEEPZ-SEZ ON INDEX लग | Item No. Subject

• Itern No. 01: : pplication for Approval 7 Setting up of New unit as 100% EOU submitted by M/s. Copeland India Private Limited Agenda Item No. 02: - Application for Approval of Conversion of DTA ‘unit into 100% EOU submitted by M/s. Garware Healthcare India Pvt Ltd. ia sesteskeskobsep ae ab ak aici कक के aie के जर

OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI BRIERE के के के. AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE I COMPANY /UNIT PROFILE (a) |Name and address, telephone/ | M/s. Copeland India Private Limited fax/ email id 278/A/7IP), 278/0/8(0), 278/A/ HP), 278/A/10(P), Village Mann, Taluka Mulshi Pune-411057 Tel. No, 020-42002000 020-42002099 E-mail:- adlecticgal@copeland.com Website : www.copeland.com (b) | Status of the company Private Limited Company ie, Proprietorship/ partnership/ Individual and statute under which registered. with registration no. & year of registration (c) | Financial capability of M/s. | The total cost of the project inchides Rs. 233,32 Copeland India Private Limited. | Crores.

hich registered. with registration no. & year of registration (c) | Financial capability of M/s. | The total cost of the project inchides Rs. 233,32 Copeland India Private Limited. | Crores. The cost of the projects will be borne and funded out of its internal accruals. Cash and Cash Equivalents as per year (Rs.in Cr.) [बल 11 2021 222) 2002-25 | 365.71 117.27 | 74,63 Reserves and surplus 2020-21 | 2021-22 | 2022-23 . 695,97 409.88 | 232.11 {d) | TEC No / date/ issued by TEC No.: 3193000078 Date : 01.04.2024, Issued By: O/o Additional DGFT, Mumbai. (e) | Whether manufacturer / trader/ | Service Provider, company warchouse/ Service provider. Il PROJECT PROFILE an ea ह 5 Product to be manufactured/ service to be rendered Research and = Prototyping, Technical services, Product Engineering, Sampling, Testing and providing

The applicant has two manufacturing ? and an engineering center in India. They are wholly subsidiary of Copeland, a MNC Headquartered in the USA, They have been operational in India since last 30 years, Now, the applicant has taken a strategic decision to invest in and establish a Research and Development Facility for Engineering Services in India.

have been operational in India since last 30 years, Now, the applicant has taken a strategic decision to invest in and establish a Research and Development Facility for Engineering Services in India. They have taken a premises on lease for 9 years from IGM Engineers and Contractors Private limited, Their commitment is to develop world class infrastructure, technical capabilities, and talent to drive New Product Development, Innovation and technology to deliver to global HVACR market needs. The EOU facility proposed to be set up by the company would be engaged for the purpose of export of Engineering and R & D services in the area of Heating, ventilation, air conditioning and Refrigeration. This shall provide technical services for Copeland business globally in the HVAC& R Space. The proposed facility will focus on providing several types of Engineering services such as research, product development, prototype development, engineering, product testing and reliability, compliance processing and software and firmware development services to various global Copeland Business, They intend to shift into their Labs in August 2024 for Building No. 1 lab and in Sept end for Building No. 2 Lab, Hence, they have requested to approve these 2 labs at the earliest so that they are able to place the PO's and purchase the required capital goods accordingly to make the Labs operational with the above times of July 2024 and September 2024. The existing investment in this EOU project is estimated at Rs, 23,332 Lacs. The project will result in a NFE of Rs.

make the Labs operational with the above times of July 2024 and September 2024. The existing investment in this EOU project is estimated at Rs, 23,332 Lacs. The project will result in a NFE of Rs. 78,259 las cumulatively over the first 5 years of project. The project will lead to employment of around 500 people in Pune. The entire investment in this project including the operational cost will be (iii) Projections funded through internal accruals through internal accruals. (4) Investment Details:- Particulars Rs. In Cr. {a) | Leased Premises- Lease Payout 44.76 for 5 years (b) | Building (Interior and Fitouts) 33.58 (2 Plant and Machinery (Rs. In Crores) and Machinery (Rs. In Crores (@) Indigenous 74.59

(i) Import CIF Value 80.40 (ili) Total (i + ii) 154.99 TOTAL COST [a) + (b) + (c) 233.33 Details of source(s} of finance: (७) | Equity Shares |?! | Internal Accruals 233.33 TOTAL 233.33 (i) Indigenous requirement of capital goods & raw Material and other input (Rs. In Crores)

Capital Goods 74.59 (b) Raw Material Components, Consumables, packing material, fuels etc, during - period of 5 years 4.68 Total 79.27 (i) Total Employment:- ——- Non-Supervisory - Men 403 न Women 97

(iii) Foreign Exchange Balance Sheet : Rs. in Crores= Dad 3rd 4th Sth “| Year Year Year | Year | Year {1 FOB Value 88.86 171.5 | 195, | 221.3) 251.1 | 928.1 of Export हु 7 23 2 4 3 Foreign Exchange outgo on @ Import न of 31.70 |} 19.32 हु 6.97 = : 8 Machinery (ii) Import of Raw) 1191 042 | 048] 0.60 | 0.73| 2.43 Materials and

.1 | 928.1 of Export हु 7 23 2 4 3 Foreign Exchange outgo on @ Import न of 31.70 |} 19.32 हु 6.97 = : 8 Machinery (ii) Import of Raw) 1191 042 | 048] 0.60 | 0.73| 2.43 Materials and

Componen ts (iii) Import of Spares and Consumab 0.12 0.20 0.18 0.21 0.19 0.89 Gv Repatriatio n of dividends and profits to foreign collaborate s (v) Royalty (vi) Lumpsum Know how fee (vil) & Drawing fees (viii) Payment of foreign technician 8 (ix) Payment on training of Indian tech, abroad छः Commissio non export (xi) Foreign Travel 1.10 3.63 3.99 4.39 4.83 17.95 (xii) Amount of interest . to be paid on external commercia 1 borrowing / deferred payment credit (specify details छिiप)... Any other payments (specify details’ 1.86 8.63 8.77 11.06 12.56 43,88 Total (i) to (xiii) 34.97 | 32.20 || 783 | 24.78 25.29 145.5

Net 7 B मु 96.5 25.8 | 782.5 Poreign 53.89 139 हिo किqस 1 4 2 5 9 Exchange NPE % 61% 81% | 86% 89% 90% | 84% {iy) Whether Foreign Technology Agreement is envisaged- NO observation of the ADC | Request of the company | Setting up New Unit. IV |Relevant provision of | Para 6.05{a) of FTP 2023 read with Para 6.01 of Hand FTP/HBP book of Procedure ए | Decision required for UAC | Setting up of a new unit for Research and Development, Product Engineering, Prototyping, Sampling, Testing and Providing Technical services. Wi | Recommendation / The proposal of the applicant company for setting up a New Unit 100 % EOU for Research and Development, Product Engineering, Prototyping, Sampling, Testing

Technical services. Wi | Recommendation / The proposal of the applicant company for setting up a New Unit 100 % EOU for Research and Development, Product Engineering, Prototyping, Sampling, Testing and Providing Technical services in terms of 6.05 {a} of FIP 2023 read with Para 6.01 {(b} of Hand book of Procedure. Further, the Superintendent of Customs, Range Officer of DFR Akurdi, Customs Pune, vide letter dated 29,05,2024 has stated that the verification report in the prescribed format is given below: 1 Name & Complete postal address of | M/s Copeland India Private Limited location of factory with Telephone | situated at Servey Nos. 278/A/7(P), No. & Fax No. 278/A/8(P), 278/A/9(P}, 278/A/10(P), Village Maan, Taluka Mulshi, Pune, Maharashtra- 411057. Tel No, 020- 42002007. 2 Items of Manufacture Research and development, Product Engineering, Prototyping, Sampling, Testing and providing Technical Services having SAC 998314, 3 Whether the premises is on | The Premises is hired on lease from M/S ownership basis or on lease basis. In | IGM Engineers and Contractors Private case of lease basis whether the lease | Limited (PAN : AAFCI1052A) along with period of 5 year or less Ajax Estates LLP (PAN ;: ABEFA88834A) for a period of nine years. 4 Area of factory premises showing | Plot Area; - 11420.00 Sq. Mtr. Built up plot area, built up area separatel, Area: - 15083 00 Sq.

x Estates LLP (PAN ;: ABEFA88834A) for a period of nine years. 4 Area of factory premises showing | Plot Area; - 11420.00 Sq. Mtr. Built up plot area, built up area separatel, Area: - 15083 00 Sq. Mtr. Details of nature of building as | Concrete Construction 5 concrete construction or asbestos है shed P Details of source of power | Not Available however the unit has made (Generator/Electric connection of | Application ID ref. No. 55104846 dated Industrial type} available 03.05.2024 for new connection of 1258 KW from MSEDCL.

Whether separate Entry and Exit is provided for the proposed location and is physically segregated from any DTA unit to avoid intermingling of.goods Cannot be commented as of now as the unit is under construction. Whether the proposed plan of premises/building suitable for necessary permission under Section 58 & 65 to be issued by Central Excise & Customs Authority No. Cannot be commented as of now as the proposed Export Oriented Unit is under construction. They have informed this office vide letter Nil dated 17.05.2024 that the construction work of the proposed site with Installation of CCTV Cameras & Fire Fighting equipment and deployment of Security personnel will be completed by end of June-2024 In case of conversion from DTA.

on work of the proposed site with Installation of CCTV Cameras & Fire Fighting equipment and deployment of Security personnel will be completed by end of June-2024 In case of conversion from DTA. to EOU unit, details of own, lease machines separately and approx. value of such machinery after due to depreciation towards age The proposal is for setting up new EOU 10 The detail report about contiguous land, security status for conversion of DTA, suitability of place and monitoring insurance of goods etc. The plot is taken on long term lease for nine years from M/S IGM Engineers and Contractors Private Limited (PAN : AAFCI1052A) along with Ajax Estates LLP (PAN : ABEFA8883A). However, it cannot be commented as of now on contiguity of land , security status, suitability of place and monitoring insurance of goods, as the proposed unit is under construction. 11 Additional information if any No Other Information: DGFT is still awaited. ADC RECOMMENDATION :- Further, it is to mention here that verification report from the other Zonal DC’s, & The proposal of the applicant company for setting up a New Unit 100% EOU for Research and Development, Product Engineering, Prototyping, Sampling, Testing and providing Technical services is submitted before the Approval Committee for consideration in terms of 6.05 (a) of FIP 2023 read with Para 6.01 (b) of Hand book of Procedure. #e हक कफ 2 Sst cawans Kom AR

ding Technical services is submitted before the Approval Committee for consideration in terms of 6.05 (a) of FIP 2023 read with Para 6.01 (b) of Hand book of Procedure. #e हक कफ 2 Sst cawans Kom AR

74359/2024 File No. EOU-11/5/2024-JDCP-SEEPZ-MUMBAI OFFICE OF THE DEVELGPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI AGENDA NOTE FOR 1 COMPANY/UNIT PROFILE BhisoRok obese CONSIDERATION OF APPROVAL COMMITTEE (ajName and ) jtelephone/ fax/ email id address, Pot Garware Healthcare India Private Limited ot No. B-137, Ground Floor, Opp. Garware Technical ibres Ltd, WAL MIDC, Satara — 412803 el. No, 020-66335620/7798981136 020-66335601 E-mail:- anil.dehadray@fulfiex.com ( |Status of the company 9 fie. Proprietorship / ) fpartnership/Individual and statute under which Private Limited Company ) jof M/s. Garware Healthcare India Private Limited. registered with] registration no. & year of egistration (c}Financial capability/The total cost of the project works out to be Rs, 3.77 Crores, Cash and Cash Equivalents as per year Rs.in Crores} 2020-21 2021-22 2022-23 0.99 0.33 0,14 The entire project will be funded through the Borrowing from their group companies (Rs. 3.5 Cr) and through their Internal Accruals (0.27 Cr} ( IEC No / date/ issued by IEC No. AAICG3TI5H Date : 14.02.2024. issued By: O/o Additional DGFT, Mumbai. (eJjWhether manufacturer / ) |trader/ company arehouse/ Service provider. Manufacturer. ll PROJECT PROFILE (j|Product to be manufactured / Sr. hems) Annual Capacity HSN Code service ६.

umbai. (eJjWhether manufacturer / ) |trader/ company arehouse/ Service provider. Manufacturer. ll PROJECT PROFILE (j|Product to be manufactured / Sr. hems) Annual Capacity HSN Code service ६. bein, escription (Unit=Numbers)} rendered OL Neonatal 1,20,000 90191090 Armboard 02 Infant Armbeard 90,000 90191090 141

4359/2024 File No.EQU-11/5/2024-JDCP-SEEPZ-MUMBAI 03 Pediatric 1,80,000 90191090 Armboard है 04 Adult Wrist 1,20,000 90191090 Armboard 05 Adult Arm 6,000 90191090 Armboard | | Ice Right 28,800 30059040 Armboard Brief detail of the project he applicant is a prominent manufacturer specializing in compression dressings, compression therapy systems and| cohesive compression bandages. They established their business in 2017 in Pune, India. They operate as a women- wned and managed group of companies and export their] product globally. . heir manufacturing facility is located at Wai, Satara, Maharashtra. Equipped. with cutting edge technology, their| facility is geared towards delivering top-products for their customers. ‘heir product range includes; iceright Cold compression Therapy systems: A user- friendly| lastic bandage designed for easy application of cold therapy and compression.

-products for their customers. ‘heir product range includes; iceright Cold compression Therapy systems: A user- friendly| lastic bandage designed for easy application of cold therapy and compression. The combined benefits of moist cold and compression have clinically proven effectivenéss in achieving deeper penetration into the injured area, ensuring precise ontrol over the ice pack’s placement. Cohesive Compression Bandages: Latex-free, self-adherent bandages known for their excellence in retaining dressings, safeguarding wounds, immobilizing injuries, and securing devices to patients. S a part of their growth strategy, they intend to focus on lexports and to this end considered the benefits given under OU scheme, they propose to convert their existing plant into an EOU, which would be globally competitive. heir commitment extends to strict adherence to medical regulations ensuring that their products meet the highest quality standards. Emphasizing a rigorous dedication to safety, hygiene and _ reliability, these attributes are paramount in setting their products apart. This commitment} is reflected in the widespread approval of their products by! major medical distributors and retailers in USA. 142

these attributes are paramount in setting their products apart. This commitment} is reflected in the widespread approval of their products by! major medical distributors and retailers in USA. 142

File No.EOQU-11/5/2024-JDCP-SEEPZ-MUMBAI 143 114359/2024 heir plan involves selling their product to a range of international markets, including USA, Latin America, EMEA (Europe, Middle East and Africa), MENA (Middle East and North Africa), and Asia. A. Investment Details:- Projections | —séParticulars | Rs. in Cr. {a} jLand | - | (b) [Building | (c) [Plant and Machinery {Rs. In lakhs) i} Indigenous 14.55 (iD Import CIF Value L.45 (iii) Total (i + ii) 2.50 (a) [Furniture & Fixtures 0.10 {e} (Other Assets & Security Deposits 6.10 [1 Net working Capital 1.07 OTAL COST "5.77 Details of source(s) of finance: ¢) Borrowing from Group Companies 3.50 internal Accruals 0.27 TOTAL 3.77 Crores i. Indigenous requirement of capital goods & raw Material and other input (Rs. In Crores} Particulars Amount in Crores {a [Capital Goods 135 (bIRaw Material Components, Consumables, 2.58 ) jpacking material, fuels etc, during the period o 5 years (Total . 3.93 ii. Total Employment: -

culars Amount in Crores {a [Capital Goods 135 (bIRaw Material Components, Consumables, 2.58 ) jpacking material, fuels etc, during the period o 5 years (Total . 3.93 ii. Total Employment: -

4359/2024 File No.EQU-1 1/5/2024-JDCP-SEEPZ-MUMBAI Supervisory Non-Supervisory Men —— 10 Women 0 42 lll. Foreign Exchange Balance Sheet: Rs. in Crores 14 Year[2"4 Year 3°4 Year 4" Year|5* Year Total FOB Value, of Export 5.46 6.37 7.28 8.19 9.10 36,39 Foreign Exchange outgo on | ० ol| 7| a @) Import of Machinery 4.45 | 0.00| Yd Lag GD Import 0| Raw Materials and Camponents 3,49) 4.07 4.65) 5.24 5.82 23.2 iii) Import 0| Spares and Consumable s a |aa| a Gy) Repatriation of dividends and profits foreign collaborates 0.00 aaa|| (v) Royalty 0.00 | 000| 0.00)| 0.00| 0.00| 0.00 0 {vi} Lumpsum Know how fee 0,00 a| | | | (vi) Design & Drawing fees | || ०| 0| | ५ (vii Payment o foreign technicians 0.06; a| | | | (ix) Payment on training of Indian tech, abroad 0.00; a| ५,a| |a Oj &) Commission on export | ०] | ०० 0.00 | ५०od 144

rawing fees | || ०| 0| | ५ (vii Payment o foreign technicians 0.06; a| | | | (ix) Payment on training of Indian tech, abroad 0.00; a| ५,a| |a Oj &) Commission on export | ०] | ०० 0.00 | ५०od 144

14359/2024 File No.EOQU-11/5/2024-JDCP-SEEPZ-MUMBAI &D Foreign Travel | 00g | ong | cod z= | 00d | ००६ Gd) Amount of interest to be paid on external commercial borrowing / deferred payment credit (specify details) पु ः‰ पु प ः‰ 0,00 GdiD Any other payments (specify details} 0,01 0,01 0.0 | 0,02] . Total i) to) Odi) 466 | aod | ase 5,26 5,85) 24,54 Net Foreign Exchange 0.80 2.27 2.60 2,93 3.25) 11.8 iv. Whether Foreign Technology Agreement is envisaged - No ny Request theiConversion of existing DTA Unit into EOU Unit company Iv Relevant

Para 6.18 (a) of FTP 2023 read with Para 6.38 of Hand book

provision 0 हिo FTP /HBP lof Procedure 2023. for UAC V |Decision required|Conversion of existing DTA Unit into EOU Unit fo manufacturing and export of Neonatal Armboard, Infan rmboard, Pediatric Armboard, Adult Wrist Armboard, Adul Arm Armboard, Ice Right Armboard Khe ADC VI [Recommendation observation he proposal of the applicant company for conversion 0 offexisting DTA Unit into 100 % EOU Unit for manufacturing and Export of Neonatal Armboard, Infant Armboard, Pediatri Armboard, Adult Wrist Armboard, Adult Arm Armboard, Ice Right Armboard is submitted before the ensuing Approval Committee meeting in terms of 6.18 (a) of FTP 2023 read wit

Para 6.38 of Hand book of Procedure.

Further, the Superintendent of Customs, Ratnagiri, vide letter dated 18.05.2024 has submitted the verification report in the prescribed format, which is as follows: location 1 |Name & मम M/s. Garware Healthcare India Private Limited ipostal address offPlot No, B-137, Ground Floor, Opp. Garware Technical of factory/Fibres Ltd., WAI MIDC, Satara ~ 412803 ith Telephone No, &[Tel. No. 7798981136 145

4359/2024 File No.EQU-1 1/5/2024-JDCP-SEEPZ-MUMBAI Fax No. E-mail:- anil.dehadray@fulflex.com Items of Manufacture Neonatal Armboard, Infant Armboard, Pediatric Armboard, Adult Wrist Armboard, Adult Arm Armboard, ice Right Armboard Vhether the premises is on ownership basis or ion lease basis. In case of lease basis hether the lease period of 5 year or ess fhe premises is on lease basis and the lease period ts for ai period of 5 years. Copy of Registered lease and license agreement enclosed. rea of premises showing lot area, built up area separately factory) 6500 sq.ft Built-up area and the plot area, The unit has proposed to set up EQU unit in the entire area of 6500 Sq, ft.

losed. rea of premises showing lot area, built up area separately factory) 6500 sq.ft Built-up area and the plot area, The unit has proposed to set up EQU unit in the entire area of 6500 Sq, ft. Hence after approval the entire area of 6500 Sqft will be converted to an 011, building as concrete construction or asbestos shed Details of nature offBuilding with surrounding walls having Concrete onstruction + Roof of metal sheet is in existence. Details af source of (power (Generator/Electric connection fe Industrial type) available Electric connection of Industrial Type from MSEDCL aving meter Na, 065-6759095 is available hether separate Entry and Exit is rovided fer — the roposed location and is physically egregated from any DTA unit to avoid intermingling of goads es, hether the proposed plan off premises /building suitable for, necessary permission nder Section 58 & 65 to be issued by! Central Excise & Customs Authority es In case of conversion! from DTA to EOU ease machines eparately and approx. value of such None lease. Some New Machinery purchased in February & March 2024 domestically as the unit is operating as jable for any benefit under EOU Scheme since same are ot imported. unit, details of ines fib unit presently and the said machinery/goods are not achinery after due 146

ly as the unit is operating as jable for any benefit under EOU Scheme since same are ot imported. unit, details of ines fib unit presently and the said machinery/goods are not achinery after due 146

_ File No. EOU-11/5/2024-JDC P-SEEPZ-MUMBAI 147 4359/2024 to depreciation towards age he detail report/fhe proposed premises/factory set up is already in 10fabout contiguous jexistence having concrete building with walls and roof o and, security statusimetal sheet, which is taken on lease for 60 months as per for conversion offleave and license agreement dated 20.02.2024. The DTA, suitability offproposed premises area is located in the Wai MIDC area place and monitoringland has its own security service with all four sides of wall lensurance of goodsffencing. Since land belongs to MIDC there is no any ete. , itigation. As such proposed location ‘is contiguous land and the same is suitable for proposed EQU under EOU scheme considering available infrastructures, security 0 ocation for monitoring ensurance and safety of goods. 1 ay Additional Proposed EOU location is added as an additional place of information if any usiness premises in their GST & IEC certificates. There are no Government dues pending against M/s Garware Healthcare India Pvt.Ltd and applicant have also submitted undertaking in this regard wherein they have stated that there are no capital goods, raw material /manufactured goods are stored/ lying at present in the proposed EOU premises.

nt have also submitted undertaking in this regard wherein they have stated that there are no capital goods, raw material /manufactured goods are stored/ lying at present in the proposed EOU premises. They have also stated that as on date there are no government dues pending against M/s Garware Healthcare India Pvt. Ltd, and also no penal action or penalty or prosecution is proposed or initiated against the company. Other Information: Further, it is to mention here that verification report from the other Zonal DC's, & DGFT are awaited, ADC RECOMMENDATION :- The proposal of the applicant company for setting up a New Unit 100% KOU for manufacturing and Export of of Neonatal Armboard, Infant Armboard, Pediatric Armboard, Adult Wrist Armboard, Adult Arm Armboard, Ice Right Armboard is submitted before the Approval Committee for consideration in terms of 6.18 (a) of FTP 2023 read with Para 6.38 of Hand book of Procedure 2023. ABIES SISOS SEDGE कक AICO RIO. Ya tker” p

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