https://www.taxtmi.com/news?id=16422 The government expanded foreign investment permissions in the pharmaceutical sector by permitting increased FDI under the automatic route for Brownfield projects, with additional investment beyond that threshold allowed under government approval; 100% automatic FDI remains for Greenfield projects. The policy prohibits non-compete clauses, requires specified production of drugs on the National List of Essential Medicines, and mandates a defined level of R&D expenditure by investee companies to ensure domestic availability and continued capital deployment in research. en-us Wed, 27 Jul 2016 16:01:59 +0530 Wed, 27 Jul 2016 16:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16422 The government expanded foreign investment permissions in the pharmaceutical sector by permitting increased FDI under the automatic route for Brownfield projects, with additional investment beyond that threshold allowed under government approval; 100% automatic FDI remains for Greenfield projects. The policy prohibits non-compete clauses, requires specified production of drugs on the National List of Essential Medicines, and mandates a defined level of R&D expenditure by investee companies to ensure domestic availability and continued capital deployment in research. News - Wed, 27 Jul 2016 16:01:59 +0530 https://www.taxtmi.com/news?id=16422