Replacing FIPB with Standard Operating Procedure Not Enough

Journal article | Zeitschriftenartikel

Foreign investment into India has always been heavily regulated, requiring approvals from various government ministries. Post-liberalisation, a need was felt to create a single window for foreign investors applying for such approvals. As a result, the Foreign Investment Promotion Board (FIPB) was established in August 1991. Initially, it was placed within the Prime Minister's Office (PMO) since its credibility needed to be projected speedily. Then it shifted to Department of Industrial Policy and Promotion (DIPP) and finally to Department of Economic Affairs (DEA) in Ministry of Finance. Here it functioned as an inter-ministerial body making recommendations to the Finance Minister for grant of approval for foreign investments as per the regulations under the Foreign Exchange Management Act, 1999.

Object Details

• ISSN: 2381-3652
• Extent: Seite(n): 2
• Language: Englisch
• Notes: Status: Veröffentlichungsversion; begutachtet (peer reviewed)

References and Relationships

• Bibliographic citation: IndraStra Global(7)

Classification and Topics

• Subject: Wirtschaft ; Wirtschaftspolitik

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Datta, Pratik ; Pandey, Radhika ; Parshant, Sumant
• Event: Veröffentlichung
• (where): Vereinigte Staaten von Amerika
• (when): 2017

Further information

• URN: urn:nbn:de:0168-ssoar-53433-3
• Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Last update: 21.06.2024, 4:26 PM CEST