IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 02 Feb 2017 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

In order to liberalize Foreign Direct Investment, the Foreign Investment Promotion Board (FIPB) has been decided to be abolished. The FIPB was authorized to provide approvals for certain FDI projects that were not allowed automatic approval by the government.

Instead of the FIPB, departments of the relevant ministries shall clear the FDI proposals in collaboration with the Department of Industrial Policy and Promotion.

AFFECTED COUNTRIES

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