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of <h1>RBI Updates FDI Rules: 100% Automatic Route for Greenfield Pharma, Govt Approval Needed for Brownfield, New Medical Device Rules.</h1> The circular clarifies the Foreign Direct Investment (FDI) policy in the pharmaceuticals sector, allowing 100% FDI under the automatic route for greenfield investments and requiring government approval for 100% FDI in brownfield investments. A new distinction is made for medical devices, which previously followed the same rules as pharmaceuticals. The Reserve Bank of India has amended the relevant regulations to reflect these changes. Authorized Dealer Category-I banks are instructed to inform their clients of these updates. The circular is issued under the Foreign Exchange Management Act, 1999, and does not affect other required permissions or approvals.
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