FIPB

Setting up of Foreign Investment Promotion Board (FIPB):

The Indian government has set up Foreign Investment
Promotion Board (FIPB). FIPB is the only agency in the
country that deals with foreign direct investments and
investments into India.
The main objective of Foreign Investment Promotion Board (FIPB) is to
encourage foreign direct investment into the country by taking up activities
that promote investment. The chairman of Foreign Investment Promotion
Board (FIPB) is the Secretary Industry of the Department of Industrial
Promotion and Policy, government of India.
 Functions of Foreign Investment Promotion Board
(FIPB):

• To quickly approve the foreign investment proposals.

• To review the foreign direct investment polices and to
communicate with other agencies such as the Administrative
Ministries in order to set up guidelines that are transparent
and which encourage FDI into the various sectors of the
country.
• To look over the implementation of the various proposals that
have been approved by it.
• To take up such activities that encourage FDI into the country
such as establishing contact with international companies and
also inviting them to invest in India.
• To communicate with government, non- government, and
Industry Bodies in order to increase the flow of foreign direct
investment into the country.
• To communicate with the Foreign Investment Promotion
Council that has been set up in the Industry Ministry.
• To identify the various sectors that require foreign direct
investment.
• To take up all other activities that help in increasing the flow
of foreign direct investment into the country.
Indian government must encourage Foreign
Investment Promotion Board (FIPB):

The government of India must make efforts to

boost Foreign Investment Promotion Board
(FIPB), for this will help to bring in huge amounts
of foreign direct investment into the country.
This in turn will give a major boost to the Indian
economy.