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Approvals
The recommendations of FIPB in respect of the project-proposals
each involving a total investment of Rs.600 crores or less would be
considered and approved by the Industry Minister.
The recommendations in respect of the projects each with a total
investment of above Rs 600 crores would be submitted to the Cabinet
Committee on Foreign Investment (CCFI) for decision. The CCFI would
also consider the proposals which may be referred to it or which
have been rejected by the Industry Minister.
The approval letters in all cases will be issued by the Secretariat
of FIPB. The FIPB has accorded approval to the investments of a
large number of corporations such as McDonalds, General Electric,
Coca-Cola and Fujitsu in the recent past. It normally processes
applications within 6 weeks.
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