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Bhargavi Zaveri & Radhika Pandey: Why India needs a new FDI regime

A new law that would govern all aspects of foreign direct investment and end the licence raj prevalent in the FDI regulatory system will improve the country's investment climate

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Fdi

Bhargavi Zaveri & Radhika Pandey 

Bhargavi Zaveri & Radhika Pandey

Dismantling the Foreign Investment Promotion Board (or FIPB) is the first step in a long road to a rationalised foreign direct investment (or FDI) regime. However, in a country where the legal framework governing FDI is generally ambiguous, this step does not count for much.

True structural reform would require the government to formulate a simple law on foreign direct investment in India. Contrary to popular perception, the FIPB performs four distinct functions. First, it considers applications for proposals for foreign direct investment in sectors where government approval is required ...

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First Published: Sat, June 04 2016. 21:50 IST
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