(a) whether the Government have now permitted cent per cent fpreign direct investment in the pharmaceutical sector,
(b) if so, the details thereof;
(c) the date from which the said decision would come into force;and
(d) the number of proposals received and cleared by the Governemtn in this sector so far?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (DR. RAMAN SINGH)
(a) & (b) As per the extant FDIpolicy, FDI up to 100% is permitted under the automatic route in Drugs & Pharmaceutical Sector provided the activity does not attract compulsory licensing or use of recombinant DNA technology and specific cell/tissue targeted formulations. FDI up to 100% in Drugs & Pharmaceuticals involving compulsory licensing or use of recombinant DNA technology and specific cell/tissue targeted formulations is also permitted subject to prior Government approval.
(c) The above dispensstion came in to force with effect form 11.2.2000.
(d) The receipt & disposal of FDI proposals is a continuous process. The details of such proposals viz., name and country of foreign collaborator percentage of equity, items of manufacture/activity and location of the project are published on a monthlty basis in SIA Newsletter which is also circulated to the Pharliament Library