RBI formalizes automatic 100% FDI in medical devices sector2 min read . Updated: 03 Feb 2015, 02:17 AM IST
Until now, the medical devices industry has been considered part of the overall pharmaceutical sector, where 100% FDI is allowed through the automatic route in new projects
Mumbai: Medical device manufacturers in India will be able to bring in foreign direct investment (FDI) up to 100% through the automatic route, the Reserve Bank of India (RBI) said on Monday, formalizing a government decision taken in this regard in January.
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