Expanded FDI in Indian pharma raises government concerns

11/18/2013 | Economic Times (India), The

Foreign direct investment in India's pharmaceutical industry hit $1.07 billion from April to August, nearly double 2012 figures, triggering government calls to impose new restrictions such as mandatory R&D investment. There is also widespread concern that foreign acquisitions will affect the availability and affordability of generic drugs. India routinely permits 100% foreign investment in new pharmaceutical projects, but acquisitions of existing companies require approval by the Foreign Investment Promotion Board.

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Economic Times (India), The

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