Wednesday, August 14, 2013

FIPB clears 6 Brownfield pharma FDI proposals

A consensus seems to have emerged within the government over FDI in Brownfield pharma with the Foreign Investment Promotion Board (FIPB) clearing six FDI proposals worth Rs 855 crore in its meeting. DIPP recently diluted its stance in favour of approving Brownfield FDI proposals if the target Indian company's domestic market share is below a threshold.

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