Thursday, March 11, 2010
I chanced upon a website dedicated solely to the Foreign Investment Promotion Board (FIPB). It is not clear as to how long this website has been in existence. Today’s Business Standard reports that the FIPB will soon commence receiving electronic applications, and that the e-filing facility will be formally launched tomorrow (March 12). This is a welcome development and will certainly go a long way in easing the application process for foreign investment under the approval route. In one sense, this may be seen a belated move, considering that other regulators such as the Ministry of Corporate Affairs had migrated to electronic filing systems a few years ago.