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.
