Review of the policy on foreign Direct Investment (FDI) in Pharmaceutical Sector-carve out for medical devices.

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....cy on foreign Direct Investment (FDI) in Pharmaceutical Sector-carve out for medical devices. 1.0   Present Position: 1.1   Paragraph 6.2.18 of 'Consolidated FDI Policy Circular of 2014',effective from April 17, 2014, relating to Foreign Direct Investment policy in pharmaceuticals sector is as under: 6.2.18 Pharmaceuticals 6.2.18.1 Greenfield 100% Automa....

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.... 6.2.18.3 Other Conditions:   (i) 'Non-compete' clause would not be allowed except in special circumstances with the approval of the Foreign Investment Promotion Board. (ii) The prospective investor and the prospective investee are required to provide a certificate along with the FIPB application . (iii) Government may incorporate appropriate conditions for FDI in brow....

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....eviation of, or assistance for, any injury or handicap; (ac) investigation, replacement or modicication or support of the anatomy or of a physiological process; (ad) supporting or sustaining life; (ae) disinfection of medical devices; (af) control of conception, And which does not achieve its primary intended action in or on the human body or animals by....