Agencies Assisting In Investment

Agencies Assisting In Investment
It is necessary for the foreign investors to know about the agencies facilitating investment. There are different Investment facilitation agencies working in India that are assisting the foreign investors to venture in India. The agencies nominated for such functions are as follows:

Foreign Investment Promotion Board (FIPB)
To make the process of investment smoother and faster this agency has been especially designated. Chaired by the Secretary, Ministry of Finance, FIPBs main function is to expedite the approval process for foreign investment proposals.

Only in the case of technical collaborations, there is specified application form. Any firm, Individual or corporate house that wish to invest in India can send their application or proposals to the FIPB unit, Department of Economic Affairs, Ministry of Finance or through any of India’s diplomatic missions abroad. FDI proposals are also accepted by a mailbox facility for accepting FDI proposals through the Internet and providing an acknowledgement number for these. However investment via Internet is subject to the condition that a hard copy should be received in original before the proposal is considered by the Government.

Foreign Investment Implementation Authority (FIIA)
FIIA or foreign investment implementation authority has been set up under the Ministry provide all solutions to the foreign investors by helping them obtain the necessary approvals, address all the operational problems and meet various Government agencies to find solutions to problems and maximize opportunities through the partnership approach.


FIIA in its authority tries to understand the concerns of both the investors and the approving authority and tries to sort them out. It also starts the multi-agency consultation.
FIIA may also refer the cases to higher authority on a quarterly basis if the matter is not resolved. It may also report the cases to higher authorities in cases of project slippage on account of implementation bottlenecks


Investment Commission (IC)
Investment commission has been appointed by the government of India under ministry of finance to advice and recommend on the matter related to policies, fast execution of projects and proposals to promote India as popular investment destination. The current chairman of the commission is Mr. Ratan Tata.


Secretariat for Industrial Assistance (SIA)
The SIA, secretariat of Industrial assistance functions under Department of Industrial Policy and Promotion, Ministry of Commerce and Industry. The agency facilitates investment by providing a single-window clearance for entrepreneurial assistance and facilitates the processing of investors’ applications requiring Government approval.


India Brand Equity Foundation (IBEF)
If any investor requires any data about India he may contact IBEF whose main function is to collect, collates and disseminates comprehensive information on India. It is a single window resource to obtain in-depth information and insight on India. IBEF also provides well researched publications focused on India’s economic and business advantages.