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FDI in Pharmaceutical Sector

The Department of Industrial Policy and Promotion who are nodal Department of Foreign Direct Investment(FDI), has informed that the policy for allowing FDI, up to 100% in existing companies, in the Pharmaceuticals sector, under the Government approval route, was introduced vide Press Note 3 of 2011, dated 08.11.2011.  This provision has since been incorporated under Circular 1 of 2012 Consolidated FDI Policy, effective from 10.04.2012.

As per Economic Intelligence Service of Centre for Monitoring India Economy Pvt. Ltd. Mumbai, the sale value of Drugs and Pharmaceuticals during March™2009, March™2010 and March™2011 are as under:

Year

Rs. (in crores)

March™ 2009

89500.0

March™ 2010

96250.0

March™ 2011

108250.0

This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Lok Sabha today.

Tags: FDIFeedBurnerforeign direct investmentGovernmentIndiaLok SabhaMinister of StateMumbai

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