Guidelines of the FIPB for Applicants

Guidelines of the FIPB for Applicants have been provided in order to make it convenient for the foreign investors to invest in India. Guidelines of the FIPB for Applicants are many and should be followed by the foreign investors so that they can easily invest in the country.

Establishment of Foreign Investment Promotion Board (FIPB):

Foreign Investment Promotion Board (FIPB) has been set up under the government of India.

FIPB is the only agency in the country that deals with foreign direct investment. It also encourages investment in India. The main objective of Foreign Investment Promotion Board is to increase the flow of foreign direct investment into India by taking up activities that will promote investment. FDI comes into India through non- resident Indians, international companies, and various other investors. The chairman of Foreign Investment Promotion Board (FIPB) is the Industry Secretary of the Department of Industrial Promotion and Policy, Indian government.

Various Guidelines of the FIPB for Applicants are:

Foreign Investment Promotion Board has laid down many guidelines for the applicants, to file proposals for consideration by FIPB. The Various Guidelines of the FIPB for Applicants are that the applicants have to fill up the application form which is available on the official website of FIPB. Further various Guidelines of the FIPB for Applicants include, details of the foreign investor such as name, address, and passport number must be mentioned on the form. Also the various Guidelines of the FIPB for Applicants are that along with the application form, copies of Memorandum of Association of the Indian partners or of the foreign investors are to be submitted to the FIPB.

The various Guidelines of the FIPB for Applicants are that if foreign direct investment is to be made in a holding company then information should be given about the downstream investments. Further the various Guidelines of the FIPB for Applicants are that along with the application form, copies of the past RBI and FIPB approvals that are related to the current proposals should be submitted to Foreign Investment Promotion Board.

Indian government must promote Foreign Investment Promotion Board (FIPB):

The government of India must make efforts to boost Foreign Investment Promotion Board (FIPB) for this will lead to more and more foreign direct investment coming into the country. This in its turn will help in the growth of the Indian economy.