To promote accelerated growth in the
industrial sector and to increase inflows of Foreign Direct Investment
into the country, as also to provide appropriate institutional
arrangements, transparent procedures and guidelines for investment
promotion and to consider and recommend proposals for foreign
investment(other than those eligible for automatic approval by the
Reserve Bank of India), the Government of India have constituted this
Board chaired by the Secretary (Department of Industrial Policy &
Promotion), Government of India.
The objective of the Board is to promote foreign direct investment into
India -
1) by undertaking investment promotion activities; and
2) facilitating investment in the country by international companies,
Non Resident Indians (NRIs) and other foreign investors.
The Board considers all investment proposals with or without technical
collaboration and/or industrial licence. This Board meets every week and
considers all applications within 15 days of its receipt with the
endeavour to communicate decisions to the applicants within four weeks.
The Board has flexibility of purposeful negotiation with investors and
considers project proposals in totality, free from parameters, with a
view to maximising foreign direct investment into the country.
For More Information visit:
Department
of Industrial Policy & Promotion