DIPP to soon release SOP for FDI proposal clearances

DIPP to soon release SOP for FDI proposal clearances

The commerce and industry ministry will soon come out with the standard operating procedure (SOP) for clearance of foreign investments proposals as the government has abolished the FIPB. The Department of Industrial Policy and Promotion (DIPP) has prepared a draft SOP and is circulating it to different departments including the economic affairs for their views. “Within seven to ten days, we will release the procedure. Now the FIPB portal would be linked with the e-biz portal. We have set timelines for all the steps such as number of days for sending comments and giving security clearance,” a senior ministry official said. Read More…

 

 

 

 

Credit By: Indian Express

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