Foreign Investment Promotion Board
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The Foreign Investment Promotion Board (FIPB) is a competent body to consider and recommend foreign direct investment which do not come under the automatic route.
With the shifting of the FIPB to the Department of Economic Affiars, Ministry of Finance, the FIPB has been reconstituted as under:
- Secretary, Department of Economic Affairs Chairman
- Secretary, Department of Industrial Policy & Promotion Member
- Secretary, Department of Commerce Member
- Secretary, (Economic Relation), Ministry of External Affairs Member
The Board would be able to co-opt Secretaries to the Government of India and other top officials of financial institutions, banks and professional experts of industry and commerce, as and when necessary
