All other proposals in the foreign technology agreement that do not meet the parameters of automatic authorisation are being considered by the government for approval. These proposals should be submitted in the form of a FC/IL (SIA) form to the Industrial Aid Secretariat, Ministry of Industrial Policy Promotion, Ministry of Industry, Udyog Bhawan, New Delhi. There are no fees to pay. Permissions are usually available within 4 weeks of registering. The exponential growth of technology in India has played an important role in the development and growth of the economy in our country. The technology can be developed either through clean research and development or it can be purchased from domestic or imported sources. India has opted for a reasonable mix of indigenous and imported technology. The purchase of technology is commonly referred to as „technology transfer“ and is generally covered by a technology transfer contract. From time to time, the Indian government issues lists of industries „in which foreign investment may be permitted.“ The list thus distributed is only very clear. There is no doubt that a broad technological base has been created in the country, but constant technological advances in industrialized countries may give rise to the need to update production technology. Government of India (Foreign Investment Council) can import technology Texas State University recognizes the need to cooperate with individuals, institutions and companies to fulfill our mission in education, research and public service through economic development. Such cooperations must be kept at a distance in order to preserve academic freedom, protect the intellectual property of the university and proactively prevent any real or perceived private utility.
Licensing agreements describe the rights and responsibilities of the parties with respect to royalty payments, usage restrictions, milestones, etc. for copyrighted, patented or trademark-protected materials. The payment of royalties of up to 2% for export and 1% for domestic sales is automatically allowed when using the foreign employee`s trademarks and trademarks without technology transfer. In the case of technology transfer, the payment of royalties is added to the payment of royalties for the use of foreign personnel` trademarks and trademarks. The payment of royalties of up to 8% for export and 5% for domestic sales of 100% subsidiaries (WOS) to offshore founding companies is authorized by automatic means without limitation of the duration of royalties All other proposals for foreign technology agreements that do not comply with the parameters of automatic authorization 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. Scientific cooperation between CNRS laboratories and companies is governed by contracts. Thousands of cooperation agreements with companies, SMEs and multinational companies are signed each year.