Foreign investment in pharmaceuticals: greenfield allowed under automatic route; brownfield requires government approval under revised FDI policy. FDI policy for the pharmaceuticals sector is amended so that FDI up to 100 per cent is allowed under the automatic route for greenfield investments, while brownfield investments are permitted under the Government approval route; AD Category I banks are to notify customers, and amendments to FEMA regulations will be separately notified, the directions being issued under the Foreign Exchange Management Act, 1999.
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Provisions expressly mentioned in the judgment/order text.
Foreign investment in pharmaceuticals: greenfield allowed under automatic route; brownfield requires government approval under revised FDI policy.
FDI policy for the pharmaceuticals sector is amended so that FDI up to 100 per cent is allowed under the automatic route for greenfield investments, while brownfield investments are permitted under the Government approval route; AD Category I banks are to notify customers, and amendments to FEMA regulations will be separately notified, the directions being issued under the Foreign Exchange Management Act, 1999.
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