Foreign Investment Promotion Board (FIPB)

Foreign Investment Promotion Board (FIPB) has been set up by the government of India in order to increase the flow of foreign direct investments into the country. By doing this, Foreign Investment Promotion Board (FIPB) has been able to give a major boost to the Indian economy.

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.

For further information on Foreign Investment Promotion Board (FIPB), please refer to the following sites:

Composition of FIPB	Functions of FIPB
Recommendations of FIPB	Foreign Investment     Promotion Council
Functions of Foreign Investment     Promotion Council	Guidelines of the FIPB for     Applicants
Forms of Foreign Capital Flowing     into India	Foreign Exchange     Management Act (FEMA)
Foreign Investment     Implementation Authority (FIIA)	Entry Strategies for Foreign     Investors in India