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        News and Press Release

        Approval to Foreign Investments in Pharmaceutical Sector

        November 23, 2012

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        Press Information Bureau

        Government of India

        Ministry of Chemicals and Fertilizers

        22-November-2012 17:45 IST

        In the Foreign Investment Promotion Board (FIPB) meeting held on August 24, 2012, the following 8 proposals amounting to Rs. 1842.55 crores relating to FDI in brownfield pharmaceuticals sector were approved:-

        Sl.No.

        Name of applicant

        FDI/NRI inflow(In Rs crores)

        1.

        M/s. Ordain Health Care Global Pvt. Ltd., Chennai

        58.85

        2.

        M/s. Sutures India Pvt. Ltd., Bangalore

        200.00

        3.

        M/s. Arch Pharmalabs Ltd., Mumbai

        372.36

        4.

        M/s. B Braun Singapore Pte Ltd., Singapore

        248.40 (approx)

        5.

        M/s. Stellence Pharmascience Pvt. Ltd., Bangalore

        100.00

        6.

        M/s. Pfizer Ltd., Mumbai

        800

        7.

        M/s. Vyome Biosciences Pvt. Ltd., Delhi

        12.50

        8.

        M/s. Zim Laboratories Ltd., Nagpur

        50.44

        This information was given in a written reply in Lok Sabha today by the Minister of State(Independent Charge) of the Ministry of Statistics and Programme Implementation and Minister of State in the Ministry of Chemicals and Fertilisers, Shri Srikant Kumar Jena.

        …..

        DNM/NSK/NV

        Foreign investment approvals in brownfield pharmaceuticals permit multiple FDI proposals, enabling sectoral entry and capital inflows. Approval of foreign investment in the brownfield pharmaceutical sector: eight FDI proposals were approved in an investment-promotion meeting dated August 24, 2012, permitting inbound foreign and NRI equity into existing pharmaceutical undertakings. The approvals enumerate the applicants and corresponding proposed inflows, disclosing beneficiaries authorised to proceed with foreign equity infusions into brownfield pharmaceutical projects under the government's investment-promotion process.
                          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.

                                Foreign investment approvals in brownfield pharmaceuticals permit multiple FDI proposals, enabling sectoral entry and capital inflows.

                                Approval of foreign investment in the brownfield pharmaceutical sector: eight FDI proposals were approved in an investment-promotion meeting dated August 24, 2012, permitting inbound foreign and NRI equity into existing pharmaceutical undertakings. The approvals enumerate the applicants and corresponding proposed inflows, disclosing beneficiaries authorised to proceed with foreign equity infusions into brownfield pharmaceutical projects under the government's investment-promotion process.


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