New Delhi,Nov 15 (PTI) The Government today said there is no move "at present" to restrict foreign direct investment in the pharmaceutical sector despite suggestions for a cap.
"At present, there is no move to restrict FDI in the pharmaceuticals sector," Minister of State for Commerce and Industry Jyotiraditya Scindia said in a written reply in the Lok Sabha.
As per the present policy, 100 per cent FDI is allowed in drugs and pharmaceuticals sector. Besides, the approval is given through an automatic route.
However, the Department of Industrial Policy and Promotion has issued a discussion paper listing cap on the FDI in pharmaceuticals as one of the options before the country.
Scindia said some of the responses from the stakeholders have suggested "an FDI cap and bringing the sector under the government route".
