Consider the following statements about Indian pharma industry:
- 100 % FDI is permitted to Greenfield investment without government approval
- Pharma industry in India is more developed in Western India than in Eastern India
Which of the above statements is/are correct?
Pharma industry is more developed in Western India than Eastern India because of availability of higher biodiversity in western India. At Present, FDI, up to 100%, is permitted under the automatic route for Greenfield investment, and 100 % FDI for Brownfield investment via prior government approval.
This question is a part of GKToday's Integrated IAS General Studies Module