ARTICLE · 24 JULY 2017

DIPP Issues Standard Operating Procedures To Decide Fate Of FDI Under Approval Route

Nishith Desai Associates

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Foreign investment proposal proposed to be approved within 8 to 10 weeks from the date of filing on the online portal.

IndiaGovernment, Public Sector

Prashant Prakhar

Kishore Joshi

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DIPP issues

System of approving foreign investment proposals in India by an inter-ministerial body is now officially replaced with approval by distinct administrative ministries / departments in accordance with the standard operating procedure issued by DIPP.
Foreign investment proposal proposed to be approved within 8 to 10 weeks from the date of filing on the online portal.
Competent Authorities to hold regular monthly review with respect to the foreign investment proposals pending with them followed up a joint quarterly review by DIPP.

Introduction

The process of phasing out the Foreign Investment and Promotion Board ("FIPB") has finally come to an end with the release of Standard Operating Procedure ("SOP") for processing the FDI proposals by the Department of Industrial Policy and Promotion ("DIPP") on June 29, 2017. The SOP has been prepared by DIPP in consultation with administrative ministries / departments / sector regulators to guide

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