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What Is Foreign Technology Agreement

18:57 15.4.2021 Napsal: petr.stibor

The internationalization of technology and production is becoming a frequent phenomenon to achieve and maintain global competitiveness. Technology is an important part of the development mix and the technological gap is an important aspect of the international economic gap. Technology transfer is the term used to describe the processes by which technological knowledge moves within or between organizations. [1] International technology transfer refers to how this is done between countries. [2] Technology transfer is an important means of accessing new technologies for developing countries. For example, the acquisition of foreign technologies by emerging economies in East Asia, combined with national technology learning – efforts to accumulate the ability to change technology – have been key factors in their rapid technological and economic development. [3] The largest transfer of technology between developed and developing countries is through commercial technology transfers by the private sector. These include transfers of foreign direct investment, foreign licences, turnkey projects, technical advice, capital acquisition, international subcontracts and joint ventures. [3] Proposals for the transfer of foreign technologies/cooperations that are not automatic are considered by the PAB in the Department of Industrial Policy and Promotion. In such cases, an application was made in FC-IL form to the Industrial Aid Secretary. Payments relating to the recruitment of foreign technicians, the assistant of Indian technicians on board and the foreign control of raw materials, products and technology themselves are subject to separate RBI procedures and rules regarding bank statement transactions and are not subject to foreign technology cooperation authorization. [6] All other proposals for foreign technology agreements that do not meet the parameters of automatic authorisation are considered by the government based on benefits. #technologytransferaggrementsinindia #technologytransfer #aggrement #governmentofindia #foreigntechnology #projectapprovalboard #SIA #GOI #DIPP #ministryofindustry #foreigntechnologyagreements #foreigninvestment #projectapprovalboard #foreigncollaboration All other proposals for foreign technology agreements that do not meet the automatic approval parameters are reviewed by the Project Approval Board (PAB) on a performance basis.

The presidency is chaired by the Secretary, Department of Industrial Policy and Promotion, Ministry of Trade and Industry. The policy to date has allowed payments and transfers of up to $2 million to be made and royalties of 5% on domestic sales and 8% on exports.