The present guidelines provide for approval under the automatic route for all foreign direct investment proposals relating to the Information Technology sector, with the exception of Business-to-consumer (B2C) e-commerce
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FDI automatic approval for IT sector excluding B2C e commerce, prior joint venture and technology transfer bar now waived. FDI proposals in the Information Technology sector (excluding B2C e commerce) qualify for the automatic route; the prior bar in Clause 1(1) of Press Note 18 disqualifying applicants with earlier joint ventures or technology transfer/trademark agreements in the same or allied fields is waived for IT sector proposals, enabling immediate automatic approval for FDI and technology collaboration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
FDI automatic approval for IT sector excluding B2C e commerce, prior joint venture and technology transfer bar now waived.
FDI proposals in the Information Technology sector (excluding B2C e commerce) qualify for the automatic route; the prior bar in Clause 1(1) of Press Note 18 disqualifying applicants with earlier joint ventures or technology transfer/trademark agreements in the same or allied fields is waived for IT sector proposals, enabling immediate automatic approval for FDI and technology collaboration.
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