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India Investment Guide - Investment Facilitation Agencies

The Government of India has constituted various Regulatory Bodies and other associations whose main role is to promote/ govern /facilitate Foreign Direct Investment in India. Any person who is interested in investing in India may contact any such organization for any type of information. A brief description and role of such organizations is outlined below:

	Foreign Investment Promotion Board (FIPB)
	Foreign Investment Implementation Authority
	Secretariat for Industrial Assistance
	Investment Commission
	India Brand equity Foundation

Foreign Investment Promotion Board (FIPB)

All case of Foreign Direct Investment which does not satisfy the criteria of investment under Automatic route requires the approval of Foreign Investment Promotion Board, this Board is a specially empowered board chaired by the Secretary, Ministry of Finance, set up specifically for expediting the approval process for foreign investment proposals. There are no prescribed application forms for applying to FIPB, except in the case of purely technical collaborations.

Proposals for Foreign Direct Investment may be sent to the FIPB unit, Department of Economic Affairs, Ministry of Finance or through any of India’s diplomatic missions abroad. The Government has introduced a mailbox facility for accepting FDI proposals through the Internet and providing an acknowledgement number for these, with the condition that a hard copy should be received in original before the proposal is considered by the Government.

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Foreign Investment Implementation Authority (FIIA)

Government of India has set up Foreign Investment Implementation Authority in the Ministry of Industry and Commerce to facilitate quick translation of Foreign Direct Investment approval  exceeding Rs 25 Crores and implementation and provide a proactive one-stop after-care service to foreign investors by helping them obtain the necessary approvals, sort out operational problems and meet various Government agencies to find solutions to problems and maximize opportunities through the partnership approach. FIIA in accordance with its mandate assumes the following role:

• Portfolio Investment by Foreign Institutional Investors (FII).
• Portfolio Investment by Non Resident Indian (NRI).
• Understands and addresses concerns of investors Understands and addresses concerns of approving authorities.
• Initiates multi-agency consultation.
• Refers matters not resolved at the FIA level to higher levels on a quarterly basis, including cases of project slippage on account of implementation bottlenecks.

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Secretariat for Industrial Assistance (SIA)

The Secretariat for Industrial Assistance, functioning with the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, acts as a gateway to industrial investment in India. It provides a single-window clearance for entrepreneurial assistance and facilitates the processing of investors’ applications requiring Government approval.

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Investment Commission (IC)

The three-member Investment Commission, set up in the Ministry of Finance in December 2004 by the Government of India, has Mr. Ratan Tata as Chairman and Mr. Deepak Parekh and Dr. Ashok Ganguly as members. The Investment Commission advises the Government of India on changes in policy and procedures that will enhance investment in India, recommends projects and investment proposals that should be fast tracked/mentored and promotes India as an investment destination.

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India Brand Equity Foundation (IBEF)

India Brand Equity Foundation collects, collates and disseminates comprehensive information on India. www.ibef.org has been developed as a single-window resource for in-depth information and insight on India. IBEF also produces a wide range of well researched publications focused on India’s economic and business advantages.

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