TaxTMI 
TaxTMI 
No move to restrict FDI in pharmaceuticals
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....o move to restrict FDI in pharmaceuticals <br>News and Press Release<br>Dated:- 15-11-2010<br><BR>New Delhi,Nov 15 (PTI) The Government today said there is no move "at present" to restrict foreign dir....
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....ect investment in the pharmaceutical sector despite suggestions for a cap. "At present, there is no move to restrict FDI in the pharmaceuticals sector," Minister of State for Commerce and Industry Jy....
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....otiraditya Scindia said in a written reply in the Lok Sabha. As per the present policy, 100 per cent FDI is allowed in drugs and pharmaceuticals sector. Besides, the approval is given through an auto....
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....matic route. However, the Department of Industrial Policy and Promotion has issued a discussion paper listing cap on the FDI in pharmaceuticals as one of the options before the country. Scindia said....
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.... some of the responses from the stakeholders have suggested "an FDI cap and bringing the sector under the government route".<BR> News - Press release - PIB....