Guidelines pertaining to approval of foreign/technical collaborations under the automatic route with previous ventures/tie-up in India

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....ing to approval of foreign/technical collaborations under the automatic route with previous ventures/tie-up in India. 1. The Government have reviewed the present Guidelines relating to approval of foreign/technical collaborations under the automatic route and after careful consideration it has been decided that foreign financial/technical collaborators with previous ventures/tie-up in India wou....

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....uppliers to provide the requisite justification as also proof to the satisfaction of FIPB/PAB that the new proposal would not in any way jeopardize the interests of the existing joint venture or technology/trade-mark partner or other stakeholders. It will be at the sole discretion of FIPB/PAB to either approve the application with or without conditions or reject in toto duly recording the reasons ....