Guidelines pertaining to approval of foreign /technical collaborations under the automatic route with previous ventures / tie-ups in India - FEMA - 10

Government of India Ministry of Industry Department of Industrial Policy Promotion PRESS NOTE NO.10 (1999 series) Subject: Guidelines pertaining to approval of foreign /technical collaborations under the automatic route with previous ventures / tie-ups in India . Attention is invited to Press Note No. 18 (1998 series) and subsequent press release dated 14.1.99 on the above mentioned subject. It is further clarified that the definition of "same" and "allied" fields for the purpose of applicability of this Press Note shall be as under. (i) "Same field" Four digit NIC 1987 code (ii) "Allied field" Three digit NIC 1987 code 2. It is, therefore, clarified that only proposals for foreign collaboration falling under four digit and three digit classifications in terms of their past or existing joint venture in India shall attract the aforesaid Press Note. This is for general information of investors. (ASHOK KUMAR) Joint Secretary to the Government of India F. No. 10 (32 )97/IP dated 12th April 1999 Copy forwarded to the Press Information Officer, Press Information Bureau, for giving wide publicity to the above Press Note.