Sunday, July 23 2017

June 30, 2017

All FDI proposals will be cleared in 8-10 weeks

New Delhi-The Centre will clear all foreign investment proposals within a maximum of 10 weeks after the receipt of an application as per the Standard Operation Procedure(SOP) released by the Department of Industrial Policy and Promotion .The new mechanism will replace the Foreign Investment Promotion Board (FIPB) which has been abolished by the government. The move is aimed at improving investment climate of the country.