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        News and Press Release

        Approval of FDI Proposals

        December 27, 2017

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        FDI proposals considered for approval by the Government during the last three years and the current year are as under:

        year

        No of FDI Proposal Considered

         2014

        372

        2015

        473

         2016

        217

        2017 (as on 30.11.2017)

        111

         Consequent upon abolition of erstwhile Foreign Investment Promotion Board (FIPB) on 24th May, 2017, 71 proposals which were under consideration of the Government at that time, were distributed among the concerned identified administrative Ministries/Departments for their disposal. No FDI proposal has been put on fast-track for clearance. As on 15th November, 2017, 54 FDI Proposals, which also includes proposals received after abolition of FIPB, are under consideration at various stages in the concerned Administrative Ministries/Departments.

        A Joint Review Meeting was held on 24th August, 2017 to review FDI proposals, and concerned administrative departments were directed to expedite disposal of the same as per the policy provisions.

        The Minister of State for Commerce and Industry Shri C.R.Chaudhary gave this information in a written reply to a question in Rajya Sabha today.

        Foreign direct investment proposal processing moved to administrative ministries after FIPB abolition, with disposal expedited under policy. Foreign Direct Investment proposal processing was transferred from the former Foreign Investment Promotion Board on 24 May 2017, with 71 pending proposals redistributed to the relevant administrative Ministries/Departments for disposal; no proposals were put on a special fast-track and several proposals remain under consideration at various stages, while administrative departments were directed in a Joint Review Meeting to expedite disposal in accordance with policy provisions.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Foreign direct investment proposal processing moved to administrative ministries after FIPB abolition, with disposal expedited under policy.

                                Foreign Direct Investment proposal processing was transferred from the former Foreign Investment Promotion Board on 24 May 2017, with 71 pending proposals redistributed to the relevant administrative Ministries/Departments for disposal; no proposals were put on a special fast-track and several proposals remain under consideration at various stages, while administrative departments were directed in a Joint Review Meeting to expedite disposal in accordance with policy provisions.





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                                ActsIncome Tax
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