Clarification regarding Guidelines pertaining to approval of foreign/technical collaborations under the automatic route with previous ventures/tie-ups in India.
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Prior Government approval required for new foreign technical collaborations when investor already has ventures in the same field. Prior Government approval is required for new foreign investment or technical collaboration proposals under the automatic route when the foreign investor has an existing joint venture, technology transfer, or trademark agreement in the same field in India; the same field is to be determined by the four digit National Industrial Classification standard, existing tie ups on the date of notification are treated as existing, and previously issued exemptions for the information technology sector, multinational financial institutions, and mining for the same area/mineral continue to apply.
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.
Prior Government approval required for new foreign technical collaborations when investor already has ventures in the same field.
Prior Government approval is required for new foreign investment or technical collaboration proposals under the automatic route when the foreign investor has an existing joint venture, technology transfer, or trademark agreement in the same field in India; the same field is to be determined by the four digit National Industrial Classification standard, existing tie ups on the date of notification are treated as existing, and previously issued exemptions for the information technology sector, multinational financial institutions, and mining for the same area/mineral continue to apply.
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