DIPP eases mechanism for processing FDI proposals

DIPP eases mechanism for processing FDI proposals

The commerce and industry ministry has eased the mechanism for processing foreign direct investment (FDI) proposalsby doing away with the requirement of sending the applications to the department of revenue.

Amending aprovision in the standard operating procedure for processing of FDI proposals, the Department of Industrial Policy and Promotion on Tuesday said that marking of proposals to the revenue department for their comments has been“discontinued” with immediate effect.

The Business Standard, New Delhi,18th October 2017

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