Foreign Investment Promotion Board : Chairperson & Members
Q. Who is the chairman of Foreign Investment Promotion Board (FIPB)?- Published on 24 Nov 15a. Finance Minister
b. Prime Minister
c. Secretary, Department of Economic Affairs
d. RBI governor
ANSWER: Secretary, Department of Economic Affairs
- The Foreign Investment Promotion Board (FIPB) is a national agency of Government of India, with the remit to consider and recommend foreign direct investment (FDI) which does not come under the automatic route.
- It provides a single window clearance for proposals on FDI in India.
Foreign Investment Promotion Board (FIPB):
1. Secretary, Department of Economic Affairs is a Chairman
2. Secretary, Department of Industrial Policy & Promotion
3. Secretary, Department of Commerce - Member Secretary (Economic Relation)
4. Ministry of External Affairs – Member
- The Board is empowered to co-opt Secretaries to the Government of India and other top officials of financial institutions, banks and professional experts of industry and commerce, as required.
