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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>FDI Policy Update: 100% FDI Allowed for Greenfield Pharma via Automatic Route; Brownfield Requires Government Approval.</h1> The circular addresses amendments to the Foreign Direct Investment (FDI) policy in the pharmaceuticals sector. It states that FDI up to 100% is allowed for greenfield investments under the automatic route. For brownfield investments, FDI up to 100% is permitted but requires government approval. The circular advises Authorized Dealer Category-I banks to inform their clients about these changes and mentions that necessary amendments to the relevant regulations will be notified separately. The directions are issued under specific sections of the Foreign Exchange Management Act, 1999, and do not affect other legal permissions or approvals.
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