COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Foreign Investment Implementation Authority to be set up

The Union Cabinet today decided to set up a Foreign Investment Implementation Authority to act as a single point interface between the investor and the government agencies, including ministries/state governments, Pollution Control Board, the Directorate General of Foreign Trade, and other regulatory agencies.

The authority will provide pro-active one stop after-care service to foreign investors in obtaining necessary approvals, sorting out operational and coordination problems with different arms of the government.

It will be headed by secretary, industrial policy and various other secretaries to the Union government and the chief secretaries of state governments will be members with further provision to co-opt any other necessary functionaries or experts.

UNI

Business news