Indian companies paying royalty to foreign firms for technology transfer, use of brand name or trademark will no longer require government approval. The Department of Industrial Policy and Promotion (DIPP) has declared vide Press Note 8 (2009) dated December 16, 2009 that payments for royalty, lump sum fee for transfer of technology and payments for use of trademark/brand name will be under the automatic route with immediate effect.
Liberalization of Foreign Technology Agreement Policy
Updated: Jan 18
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