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PMO seeks report card on FDI in pharma sector

Date: 11-07-2012
Subject: PMO seeks report card on FDI in pharma sector
NEW DELHI: The Prime Minister's Office has shot off letters to finance and industry ministries seeking a progress report on implementation of the changes in the foreign direct investment policy in the pharmaceutical sector, sensing a prolonged inter-ministerial wrangling over crucial components of the new policy.

"The policy was finalised nine months ago...PMO wants to know the status of implementation," said a government official privy to the matter, indicating unhappiness with the tardy pace of progress.

The missive comes amidst reports that various government departments have locked horns over various components of the FDI policy for the pharmaceuticals sector.

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