Review of the policy on foreign Direct Investment (FDI) in Pharmaceutical Sector-carve out for medical devices.

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..... stment (FDI) in Pharmaceutical Sector-carve out for medical devices. 1.0 Present Position: 1.1 Paragraph 6.2.18 of Consolidated FDI Policy Circular of 2014 ,effective from April 17, 2014, relating to Foreign Direct Investment policy in pharmaceuticals sector is as under: 6.2.18 Pharmaceuticals 6.2.18.1 Gre .....

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..... d the policy will now be read as under: 6.2.18 Pharmaceuticals 6.2.18.1 Greenfield 100% Automatic 6.2.18.2 Brownfield 100% Government 6.2.18.3 Other Conditions: .....

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..... ther used alone or in combination, including the software, intended by its manufacturer to be used specially for human beings or animals for one or more of the specific purposes of (aa) diagnosis, prevention, monitoring, treatment or alleviation of any disease or disorder, (ab) diagnosis, monitoring, treatment, alleviation of, or assistance for, any injury or handicap; (ac) in .....

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..... purposes by means of in vitro examination of specimens derived from the human body or animals. iii. The definition of medical device at Note (ii) above would be subject ot the amendment in Drugs and Cosmetics Act. 3.0 The above decision will take effect form 21.01.2015 (Atul Chaturvedi) Joint Secretary D/o Industrial Policy Promotion File No. : .....

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