Edition:
United Kingdom

Godfrey Phillips India Ltd (GDFR.NS)

GDFR.NS on National Stock Exchange of India

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Exclusive: Philip Morris paid for India manufacturing despite ban on foreign investment – documents

NEW DELHI Philip Morris International Inc has for years paid manufacturing costs to its Indian partner to make its Marlboro cigarettes, circumventing a nine-year-old government ban on foreign direct investment in the industry, internal company documents reviewed by Reuters showed.

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