Philip Morris' place in the Indian tobacco space may be under threat. Foreign investment in cigarette makers has been outlawed in India since 2010. However, tobacco firms are still allowed to invest through technology collaborations, licensing agreements, and trading companies. This may change.
Philip Morris' place in the Indian tobacco space may be under threat. Foreign investment in cigarette makers has been outlawed in India since 2010. However, tobacco firms are still allowed to invest through technology collaborations, licensing agreements, and trading companies. This may change.
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