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Government Weighs Relaxing FDI Norms In Brownfield Pharma Companies

Government Weighs Relaxing FDI Norms In Brownfield Pharma Companies
New Delhi: Government is considering a proposal to relax foreign direct investment (FDI) norms in existing pharmaceutical companies with a view to attracting more overseas inflows. According to a proposal of the Finance Ministry, FDI up to 49 per cent should be allowed through the automatic route and anything beyond through approval of the Foreign Investment Promotion Board (FIPB), sources said. The Department of Industrial Policy ...
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