Did not flout FDI rules: Godfrey Phillips

Godfrey Phillips said that it was in compliance with the India’s foreign direct investment (FDI) rules.They said that they had entered into a commercial arrangement with Godfrey Phillips to manufacture Marlboro cigarettes in 2009,a year before the 2010 FDI ban. Philip Morris,the world’s largest tobacco company based in Japan had been found circumventing a government… Continue reading Did not flout FDI rules: Godfrey Phillips

Philip Morris flouted FDI rules in cigarettes

Philip Morris,the world’s largest tobacco company based in Japan has been found circumventing a nine-year-old government ban on foreign direct investment in the tobacco industry, In a bid to curb smoking,the Indian government had banned foreign direct investment on manufacturing in the tobacco sector in 2010.Although,it still allowed tobacco companies to invest through technology collaboration,licensing… Continue reading Philip Morris flouted FDI rules in cigarettes