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TMI BlogReview of cases under Government Route i.e which require prior approval of the Government of India for making foreign investmentX X X X Extracts X X X X X X X X Extracts X X X X ..... proval of the Government of India for making foreign investment. Proposals for foreign investment under Government route i.e. requmng prior approval from the Government of India as laid down in the FDI policy from time to time, are considered by the Foreign Investment Promotion Board (FIPB) in Department of Economic Affairs (DEA), Ministry of Finance. 2.0 Present Position 2.1 Presently, the rec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ngly, earlier obtained prior approval of FIPB/CCFIICCEA for their initial foreign investment but subsequently such caps were removed or increased and activity placed under the automatic route; (c) Cases where prior approval of FIPB/CCFI/CCEA had been obtained due to requirements of Press Note 18/1998 or Press Note 1 of 2005 and are now proposing additional foreign investment. These proposals rela ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IPB Secretariat in DEA will process the recommendations of FIPB to obtain the approval of Minister of Finance and CCEA. (c) The CCEA would also consider the proposals which may be referred to it by the FIPB/ the Minister of Finance (in-charge of FIPB). 3.2 It has also been decided that companies may not require fresh prior approval of the Government i.e. Minister in-charge of FIPB/CCEA for bring ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onal foreign investment into the same entity where prior approval of FIPB/CCFIICCEA had been obtained earlier for the initial/original foreign investment due to requirements of Press Note 18/1998 or Press Note 1 of 2005 and prior approval of the Government under the FDI policy is not required for any other reason/purpose. Gopal Krishna Joint Secretary to the Government of India D/O IPP F. No. 9 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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