Posted inIndia, Pakistan, South Asia, World

Philip Morris jolted by India ban plan on tobacco investors

Philip Morris International is fighting to keep a toehold in India’s US$11 billion tobacco market, as the government considers further tightening foreign investment rules in the sector, according to documents seen by Reuters. In previously unreported letters from Philip Morris to the trade minister and an influential government think-tank, the US-based company said the “discriminatory” […]

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