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RBI Press Release: 2020-2021/415 dated 30.09.2020

RBI on 30th September also provided data regarding India’s International Investment Position at the end of June, 2020. Key highlights are: –

i. Net claims of non-residents on India declined for the fourth consecutive quarter and stood at US$ 345.7 billion at end-June 2020
ii. Among the constituents of foreign-owned assets, loans, foreign direct investment (FDI) and currency and deposits increased, whereas portfolio investment declined during the quarter.
iii. The share of non-debt liabilities increased marginally during the quarter to 48.9 per cent as at end-June 2020

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.