Miscellaneous,Miscellaneous sector projects by Government of India in
Project Information
5158
Government of India
The Indian government has cleared 12 FDI proposals worth Rs.343.39 crore. the decision on Rs 5,168 crore proposal of Mylan Inc to acquire an Indian pharma company engaged in manufacture of generic pharma products was “kept in abeyance” till the formulation of the revised FDI policy by DIPP. The Department of Industrial Policy and Promotion (DIPP) is in the process of finalising its FDI policy on Brownfield pharma projects involving transfer of control. The proposals which were cleared by the FIPB include that of Sutures (I) Pvt Ltd to increase FDI holding in the company by another 26 per cent, from the current 35.28 per cent worth Rs 160 crore. The other proposals which were approved include that of BNP Paribas, Total Prosthetics & Onthotics, Imperial Cancer Hospital and Research, and Life Positive Pvt Ltd. The proposal of Symbiotec Pharmalab worth Rs 330 crore for transfer of shares to a foreign company has been kept in abeyance pending DIPP policy on FDI in pharma.
Project Value
Refer document
Investment Approved
Not Specified
India
Miscellaneous,Miscellaneous
Disclaimer :
We takes all possible care for accurate & authentic tender information, however Users are requested to refer Original source of Tender Notice / Tender Document published by Tender Issuing Agency before taking any call regarding this tender.
