Government of India has modified the recently announced consolidated FDI policy , to change its policy on Pharma sector . The summary of this change is that presently FDI in all Pharma company is allowed 100% in automatic route . Under the new guidelines 100% FDI under automatic route will be allowed only for Green field project ( i mean new Company / Project ) but for the existing Company 100% FDI will be allowed on Government approval route .
For detail refer attached link
http://dipp.nic.in/English/acts_rules/Press_Notes/pn3_2011.pdf
For detail refer attached link
http://dipp.nic.in/English/acts_rules/Press_Notes/pn3_2011.pdf
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