Monday December 12 2011
News Source: Global Disclosures
Focus: Foreign Investment
Type: General
Country: India
The Reserve Bank of India has announced that the extant India FDI policy for the pharmaceuticals sector has been reviewed, The new rules introduce the following:
(i) FDI, up to 100 per cent, under the automatic route, will continue to be permitted for green field investments in the pharmaceuticals sector.
(ii) FDI, up to 100 per cent, will be permitted for brownfield investment (i.e. investments in existing companies), in the pharmaceutical sector, under the Government approval route.
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