Review of the policy on foreign Direct Investment (FDI) in Pharmaceutical Sector-carve out for medical devices.

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..... cal Sector-carve out for medical devices. 1.0 Present Position: 1.1 Paragraph 6.2.18 of 'Consolidated FDI Policy Circular of 2014',effective from April 17, 2014, relating to Foreign Direct Investment policy in pharmaceuticals sector is as under: 6.2.18 Pharmaceuticals 6.2.18.1 Greenfield 100% Automatic 6.2.18.2 Brownfield 100% Government 6.2.18.3 Other Conditions: (i) 'Non-compe .....

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..... ii) The prospective investor and the prospective investee are required to provide a certificate along with the FIPB application . (iii) Government may incorporate appropriate conditions for FDI in brownfield cases, at the time of granting approval. Note : i. FDI up to 100%, under the automatic route is permitted for manufacturing of medical devices. The abovementioned conditions will, therefor .....

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..... does not achieve its primary intended action in or on the human body or animals by any pharmacological or immunological or metabolic means, but which may be assisted in its intended function by such means; b. an accessory to such an instrument, apparatus, appliance, material or other article; c. a device which is reagent, reagent product, calibrator, control material, kit, instrument, apparatu .....

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