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APPROVAL OF FOREIGN/ TECHNICAL COLLABORATIONS IN CASE OF EXI

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Ajay Mishra

Company Secretary

60271 Points Posted on 29 September 2010

DISCUSSION PAPER

SUBJECT: APPROVAL OF FOREIGN/ TECHNICAL COLLABORATIONS IN CASE OF EXISTING VENTURES/ TIE-UPS IN INDIA

1. The Department of Industrial Policy and Promotion has decided to release Discussion Papers on various aspects related to FDI. In the series of these Discussion Papers, this is the third paper on ‘Approval of foreign/ technical collaborations in case of existing ventures/tie-ups in India’. Views and suggestions are invited on the observations made in the enclosed discussion paper, as also on the entire gamut of issues related to the subject, by October 15, 2010.

2. The views expressed in this discussion paper should not be construed as the views of the Government. The Department hopes to generate informed discussion on the subject, so as to enable the Government to take an appropriate policy decision at an appropriate time.

Attached File : 2 ftc existingventure 10september2010.doc downloaded: 170 times

Replies (1)

Naveen Bhatnagar

27 Points Posted on 29 September 2010

I strongly oppose the move. It would hamper the indian industry which is in the stage of take off. Again, indian industry has developed synergies over a period of time, which would be taken away by the foreign JV partner. Lastly, the european economies and other economies are not growing as India is rising, which would help FDI in short term, but, no sooner their economies improve, the FDI will evoporate.