Foreign Investment Promotion Board (FIPB)


Ajit Kumar AJIT KUMARWISDOM IAS, New Delhi.

Constitution of FIPB
The FIPB comprises of the following Secretaries to the Government of India: (i) Secretary to Government, Department of Economic Affairs, Ministry of Finance – Chairperson, (ii) Secretary to Government, Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, (iii) Secretary to Government, Department of Commerce, Ministry of Commerce & Industry, (iv) Secretary to Government, Economic Relations, Ministry of External Affairs, (v) Secretary to Government, Ministry of Overseas Indian Affairs.
  Levels of Approvals for Cases under Government Route
The Minister of Finance who is in-charge of FIPB would consider the recommendations of FIPB on proposals with total foreign equity inflow of and below Rs.1200 crore.
- The recommendations of FIPB on proposals with total foreign equity inflow of more than Rs. 1200 crore would be placed for consideration of Cabinet Committee on Economic Affairs (CCEA).
- The CCEA would also consider the proposals which may be referred to it by the FIPB/the Minister of Finance (in-charge of FIPB).
Cases Which do not Require Fresh Approval
Companies may not require fresh prior approval of the Government i.e. Minister incharge of FIPB/CCEA for bringing in additional foreign investment into the same entity, in the following cases:
(i) Entities the activities of which had earlier required prior approval of FIPB/CCFI/CCEA and which had, accordingly, earlier obtained prior approval of FIPB/CCFI/CCEA for their initial foreign investment but subsequently such activities/sectors have been placed under automatic route; (ii) Entities the activities of which had sectoral caps earlier and which had, accordingly, earlier obtained prior approval of FIPB/CCFI/CCEA for their initial foreign investment but subsequently such caps were removed/increased

Thursday, 25th Dec 2014, 09:51:08 PM

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