Latest Answer: Hi Mr Raj,
India allows FDI in most of the sectors via automatic route. The nod from FIPB in the Finance Ministry is required in certain sectors like pharmaceutical and defence, which are considered as sensitive areas.
At the forthcoming meeting, FIPB will also consider proposals of J P Morgan Asset Marketing (Asia), Touchstone Trust, Blue Star Infotech, Aurbindo Pharma, Hospira Pte Ltd, Sai Life Sciences, Mylan Laboratories Ltd, Centurion Laboratories and Montblanc Services BV, and others.
