(a) whether the Ministry is planning to introduce Forejgn Direct Investment(FDI) in the pharma sector;
(b) if so, the details thereof;
(c) whether the views of the concerned Foreign Investment Promotion Board and Department of Economic Affairs have been taken into consideration;
(d) if so the details thereof; and
(e) the stand of the Government in this regard?
Minister of State in the Ministry of Finance (SHRI NAMO NARAIN MEENA)
(a) to (b) : Foreign Direct Investment (FDI) in the Pharma Sector is already permitted as per Consolidated FDI Policy Circular 1 of 2012 notified on 10th April, 2012. The clause 6.2.25 of the Circular states that (i) 100% FDI in Greenfield Pharma is allowed under automatic route; and (ii) 100% FDi in Existing Companies in Pharmaceuticals is allowed under Government route.
(c) to (e): Yes Sir.