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Oct 21, 2014
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Foreign investment cap in pharma may go up to 49%
In what would come as a relief to foreign investors in the pharmaceutical sector, the Department of Industrial Policy and Promotion (DIPP) is ready to take back its proposal of making Government approval mandatory for portfolio investments crossing 24 per cent in drug companies.
DIPP is willing to treat the sector the same as all others where the suggested threshold for such approvals is 49 per cent.
Source -
http://www.thehindubusinessline.com
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