Para 12.1
- Document type
- Other
- Dated
- Category
- Definitions
Foreign Investment Promotion Board (FIPB)
12. INVESTMENT PROMOTION AND FACILITATION
12.1 Foreign Investment Promotion Board (FIPB)The Government has revamped the FIPB and transferred it to the Industry Ministry. The FIPB is the nodal, single window agency for all matters relating to FDI as well as promoting investment into the country. It is chaired by Secretary, Industry (Department of Industrial Policy and Promotion). Its objective is to promote FDI into India:-
- by undertaking investment promotion activities in India and abroad,
- facilitating investment in the country by international companies, non-resident Indians and other foreign investors,
- through purposeful negotiation/discussion with potential investors,
- early clearance of proposals submitted to it, and
- review policy and put in place appropriate institutional arrangements, transparent rules and procedures and guidelines for investment promotion and approvals.