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Jan 22, 2015
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Foreign pharma firms make pitch for easing FDI norms
Days before President Barack Obama arrives in India, foreign drug makers, including the large American ones have lobbied the government to make it easier for them to invest in the country's pharmaceutical sector. They want 100% foreign direct investment (FDI) to be allowed in existing companies through the automatic route. Under the current policy structure, this is allowed automatically only for fresh projects.
Source -
http://economictimes.indiatimes.com
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