Timeframe for FDI consideration shortened to expedite government decisions on approvals and rejections. Proposals for Foreign Direct Investment submitted to the Foreign Investment Promotion Board are to be considered within a time-frame of thirty (30) days for communicating the Government's decision-approval (including approval of IM or CCFI) or rejection-thereby modifying guideline No.2 of the earlier FDI consideration guidelines to expedite disposal of such proposals.
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Provisions expressly mentioned in the judgment/order text.
Timeframe for FDI consideration shortened to expedite government decisions on approvals and rejections.
Proposals for Foreign Direct Investment submitted to the Foreign Investment Promotion Board are to be considered within a time-frame of thirty (30) days for communicating the Government's decision-approval (including approval of IM or CCFI) or rejection-thereby modifying guideline No.2 of the earlier FDI consideration guidelines to expedite disposal of such proposals.
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