Assisting our clients by gaining the FIPB Approval (Foreign Investment Promotion Board’s), we have been helping our clients to overcome the hassles while spreading their business in India. Legally active we customize these FIPB approval services as per the business specific requirements and have been able to deliver maximum level of client satisfaction.
The government of India has set up a special Board known as the Foreign Investment Promotion Board. This specially empowered Board in the office of the Prime Minister is the only agency dealing with matters relating to FDI as well as promoting investment into the country. It is chaired by Secretary Industry (Department of Industrial Policy & Promotion).
Its objective is to promote FDI into India by undertaking investment promotion activities in India and abroad by facilitating investment in the country through international companies, non-resident Indians and other foreign investors.
Functions of Foreign Investment Promotion Board (FIPB):
· 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.