Functions of FIPB
The FIPB is a government body that reports to the minister of finance. The FIPB is one effective tool the government has to oversee and control FDI within domestic borders. The Foreign Investment Promotion Board oversees and maintains the FDI requirements sector and industry-wise.
1. Raise Awareness: To execute more comprehensive marketing activities to raise awareness and make FDI more appealing to investors from various countries.
2. Increasing Flow of FDI: The Foreign Investment Promotion Board works on increasing the amount of FDI that enters India by taking part in initiatives that promote investment in the country. It also makes sure that an increase in the FDI takes place more rapidly and that approvals are not delayed in any way.
3. Acts as One-window Board for Investors: The FIPB will act as an effective, accessible, and transparent and serve one-window board for investors when evaluating investment applications in India. With this, Multinational firms, non-resident Indians, and other overseas investors may make direct investments in India.
4. Enhance Transpaency: It makes communication between governmental, nonprofit, business, and agency groups simpler.
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