Economic TimesLean R·
Govt may tighten FDI norms in tobacco sector
New Delhi: The government is evaluating a proposal to ban foreign direct investment in licensing for franchises, trademarks, brand names, and management contracts in the tobacco sector, sources said.The proposal is at a nascent and under-discussion stage only, they said.At present, foreign direct investment (FDI) is prohibited in the manufacturing of cigars, cheroots, cigarillos and cigarettes of tobacco or its substitutes.Read more: We have invested $16 billion in R&D of less harmful alter…
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