Foreign Technology Agreement Meaning

Unlimited foreign technology cooperation agreements facilitate access to the latest technologies from around the world and are therefore very useful for the development of their own Indian technology industries. Deregulation communication also came just in time for all copenhagen developments and paved the way for “green” business cooperation. [9] Indian government from time to time issues lists of industries “in which foreign investment may be permitted.” The list thus published serves only to illustrate. There is no doubt that a vast technological base has been created in the country, but the need to update production technology can result from constant technological advances in developed countries. In the case of a technology transfer, the payment of the fee supplements the payment of the fee for the use of the brand and brand names of foreign employees. The payment of royalties of up to 8% for exports and 5% for domestic sales of 100% subsidiaries (WOS) to offshore parent companies is allowed under the automatic route without limitation of the duration of license payments All other proposals for foreign technology agreements that do not meet the parameters of automatic authorization are reviewed by the Project Approval Board (PAB) on a performance-based basis. It is chaired by the Secretary of the Department of Industrial Policy and Promotion of the Ministry of Trade and Industry. .

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