FOREIGN INVESTMENT PROMOTION BOARD (FIPB)
The FDI / Foreign technology collaboration agreement proposals, which do not conform, to the guidelines for automatic approval of Government of India, require Government approval through the Foreign Investment Promotion Board (FIPB). The Government has set up a special Foreign Investment Promotion Board (FIPB) as a fast track mechanism to invite and facilitate foreign investments in large projects in India, which are considered beneficial to the Indian economy.
Company is to be incorporated as stated in INCORPORATION section above. 1) Application made for FIPB, RBI & SIA approval to the board