|
The main
functions of the Board will be as follows:
a) to ensure expeditious clearance of the proposals for foreign
investment;
b) to review periodically the implementation of the proposals
cleared by the Board;
c) to review, on a continuous basis, the general and sectoral
policy regimes relating to FDI and in consultation with the
Administrative Ministries and other concerned agencies, evolve a set
of transparent guidelines for facilitating foreign investment in
various sectors;
d) to undertake investment promotion activities including
establishment of contact with and inviting selected international
companies to invest in India in the appropriate projects;
e) to interact with the Industry Association/Bodies and other
concerned government and non-government agencies on relevant issues
in order to facilitate increased inflow of FDI;
f) to identify sectors into which investment may be sought keeping
in view the national priorities and also the specific regions of the
world from which investment may be invited through special efforts;
g) to interact with the Foreign Investment Promotion Council (FIPC)
being constituted seperately in the Ministry of Industry; and
h) to undertake all other activities for promoting and facilitating
foreign direct investment, as considered necessary from time to
time. The Board will submit its recommendations to the Government
for suitable action. |
