What is the meaning of Foreign Technical Collaboration (item-11)? - FEMA - FAQ - FEMA

Ans : An Indian company which has entered into an agreement with a foreign entity in terms of technology transfer, know-how transfer, use of patent, brand name etc., then such type of agreements are treated as Foreign Technical Collaboration (FTC). If Indian reporting company has such type of FTC during the reporting period, then they should select Yes against the item 11 under Section I of the FLA return.