FIPB - Foreign Investment Promotion Board is a unique platform to provide a clearance to FDI in India. It is one of the national agencies of Government of India that considered all the matters related to FDI. Here, under FIPB you will find secretaries being employed from the different ministries of India including Department of Economic Affairs, Department of Commerce, Ministry of External Affairs and Department of Industrial Policy & Promotion. Here the union of cabinet allows the FIPB to clear the proposals of foreign direct investment from overseas; the same cabinet is also responsible for any type of liberalization that has been taken under the FDI policies. All the recommendations the made by FIPB in respect of FDI allowance are approved by Minister of Finance.
FIPB is a concern authority that formulates the foreign investment policy. FDI is either possible from an automatic route or through approval route. All the approval route matters are being done through FIOB approval process. It usually takes 6 to 8 weeks to get complete approval FDI in India. Foreign investment promotion board approval has played a vital role for those who require an industrial license for investment, who has already been invested with any other business in India and need again to invest, and for those categories that do not comprised under the CAPS category or Sectoral Policy.
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