The internationalization of technology and production is becoming a frequent phenomenon to achieve and maintain global competitiveness. Technology is an important part of the development mix and the technological gap is an important aspect of the international economic gap. Technology transfer is the term used to describe the processes by which technological knowledge moves within or between organizations. [1] International technology transfer refers to how this is done between countries. [2] Technology transfer is an important means of accessing new technologies for developing countries. For example, the acquisition of foreign technologies by emerging economies in East Asia, combined with national technology learning – efforts to accumulate the ability to change technology – have been key factors in their rapid technological and economic development. 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. All other proposals for foreign technology agreements that do not meet the automatic approval parameters are reviewed by the Project Approval Board (PAB) based on performance. The presidency is chaired by the Secretary, Department of Industrial Policy and Promotion, Ministry of Trade and Industry.

#technologytransferaggrementsinindia #technologytransfer #aggrement #governmentofindia #foreigntechnology #projectapprovalboard #SIA #GOI #DIPP #ministryofindustry #foreigntechnologyagreements #foreigninvestment #projectapprovalboard #foreigncollaboration automatic means: Payment for the painting of foreign technology by Indian companies is authorized by automatic means, subject to the following limits: the payment of royalties of up to 2 percent for export and 1 percent for domestic sales is authorized by the automatic use of the foreign employee`s brand and brand name 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. 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 lead to the need for an update of production technology. The Government of India (Foreign Investment Promotion Council) may consider importing technology. [3] business.mapsofindia.com/fdi-india/investing-country/foreign-technology-agreements.html Payment terms under the cooperation of foreign technologies, which may be authorized by the automatic route and the government`s authorizing route, include technical know-how, design and underwriting costs, payment of engineering services and royalties. [5] The largest transfer of technology between developed and developing countries is through the transfer of commercial technology by the private sector. These include transfers of foreign direct investment, foreign licences, turnkey projects, technical advice, capital acquisition, international subcontracts and joint ventures. [3] [9] payments spicyip.com/2009/12/liberalization-of-foreign-technology.html for the hiring of foreign technicians, the assistant Indian technicians on board and the control of raw materials, products and technologies developed abroad are subject to separate RBI procedures and rules for banking transactions and are not subject to foreign technological cooperation authorization. [6] The policy to date has allowed payments and transfers of up to $2 million and royalties of 5% on domestic sales and 8% on exports.