https://www.taxtmi.com/news?id=3212 FDI policy permits FDI up to 100% under the automatic route for Greenfield investments and up to 100% under the Government approval route for investments in existing companies in the pharmaceuticals sector. The Consolidated FDI Policy Circular clarified that Government approval is required only for the FDI component of certain combined investments and removed second-hand machinery from the conversion-to-equity concession to incentivize modern, energy-efficient equipment. Sectoral caps, entry routes, and industrial licence conditions with export obligations for MSE-reserved items remain applicable. en-us Mon, 07 May 2012 14:15:57 +0530 Mon, 07 May 2012 14:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3212 FDI policy permits FDI up to 100% under the automatic route for Greenfield investments and up to 100% under the Government approval route for investments in existing companies in the pharmaceuticals sector. The Consolidated FDI Policy Circular clarified that Government approval is required only for the FDI component of certain combined investments and removed second-hand machinery from the conversion-to-equity concession to incentivize modern, energy-efficient equipment. Sectoral caps, entry routes, and industrial licence conditions with export obligations for MSE-reserved items remain applicable. News - Mon, 07 May 2012 14:15:57 +0530 https://www.taxtmi.com/news?id=3212