TMI BlogFDI Policy in Pharmaceutical SectorX X X X Extracts X X X X X X X X Extracts X X X X ..... FDI Policy in Pharmaceutical Sector - News and Press Release Dated:- 13-3-2015 - News - As per extant FDI policy, FDI, upto 100%, is permitted, under the automatic route for greenfield, and under the government approval route for brownfield pharmaceuticals sector. Further, FDI, upto 100%, under the automatic route, is permitted for manufacturing of medical devices/ equipments both for greenfield ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and brownfield investments. There is, at present, no proposal under consideration of the Government to review the extant FDI policy in the medical devices/ equipments. In order to protect the domestic pharmaceuticals sector, FDI policy provides that Non-compete clause would not be allowed except in special circumstances with the approval of the Foreign Investment Promotion Board. In add ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ition, Government may incorporate appropriate conditions for FDI in brownfield cases, at the time of granting approval. Further, with a view to incentivize investment in the manufacturing of medical devices, the sector has been placed under the automatic route. As per extant FDI policy, FDI, upto 100%, is permitted, under the automatic route for greenfield, and under the government approval ro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ute for brownfield pharmaceuticals sector. This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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