Friday, November 22, 2013

Cabinet Decide On FDI Rules In Pharmacy

Elections of economic reforms is going to play another big stake government cabinet next week its important meeting. Pharma and constructions in foreign direct investment [FDI] rules review will consider proposals to rationalise them. Pharmacy in FDI projects approved the proposal to distribute three categories.

The Prime Minister chaired the Cabinet Committee on Economic Affairs and dispatched [CCEA] proposed meeting on Monday is to consider these two topics linked to economic reforms. idling and various industrial sectors in the economy opening up to FDI pledges to abide by the Government before the election on all these topics take. current account deficits and dwindling of price against the dollar to keep in control of the country in FDI Is believed to be important to increase the flow.

Government sources say that this month at a meeting of the Cabinet held on 13, also was to discuss FDI proposals in constructions, but did not make a decision on Monday at a meeting on the issue was again considered. in foreign investors three-year lock-in period before the project has been the provision of exit. minimum size is also reduced by 50 thousand sq of built up area 20 thousand Sqm.

After worrying about FDI in Pharmacy has emerged in this area has been divided into three categories. category a projects required renewed Greenfield that is hundred phi-sad FDI have been proposed. the second category i.e. the low importance of brownfield acquisition projects is also allowing FDI hundred phisad. the third category is that of the brownfield projects linked to the very important and sensitive area The Government in this category. 49 phisad FDI has proposed.