New Delhi: Foreign direct investment in the pharma sector has more than doubled to $ 1.07 billion during April-August period amid concerns over increasing acquisitions of domestic firms by multinationals.

FDI in drugs and pharmaceuticals was $ 487 million during April-August 2012, according to the latest data of the Department of Industrial Policy and Promotion ( DIPP).

Faced with rush of multinationals to acquire Indian pharma firms, the Commerce and Industry Ministry is pro ..