Issues Standard Operating Procedure for approval of foreign direct investment

Following up the Union Cabinet's decision in May 2017 to phase out the Foreign Investment Promotion Board (FIPB) and let all FDI applications be handled by the relevant ministries/departments as per sector, the Department of Industrial Policy and Promotion (DIPP), on 29 June 2017, released the 'standard operating procedure (SOP) for processing FDI proposals'. The SOP sets out a detailed procedure and timeline for applications as well as the list of 'competent authorities' (i.e. relevant administrative ministries/departments) for processing government approvals for FDI in India.

• Type:

  • Entry and establishment (Approval and admission)

• Industry:

  • Not industry specific

• Sources:

  • Department of Industrial Policy & Promotion, Standard Operating Procedure (SOP) for Processing FDI Proposals, http://dipp.nic.in/whats-new/standard-operating-procedure-sop-processing-fdi-proposals, 29 Jun 2017
  • Conventus Law, India - FDI - Standard Operating Procedure, http://www.conventuslaw.com/report/india-standard-operating-procedure/, 12 Jul 2017
  • Nishith Desai Associates, DIPP ISSUES STANDARD OPERATING PROCEDURES TO DECIDE FATE OF FDI UNDER APPROVAL ROUTE, http://www.nishithdesai.com/information/research-and-articles/nda-hotline/nda-hotline-single-view/article/dipp-issues-standard-operating-procedures-to-decide-fate-of-fdi-under-approval-route.html?no_cache=1&cHash=c593c6a1a82da16c464f2091a443c1a8, 12 Jul 2017