Chief General Manager
Reserve Bank of India,
Foreign Investment and Technology Transfer Division,
Exchange Control Department,
Shaheed Bhagat Singh Road,
Mumbai – 400001
Tel :+ 91-22-2266 1603
Fax:+ 91-22-2266 5330
Procedure for Government Approval – FDI not covered under the “
Automatic Route ” requires prior Government
approval.
All proposals for foreign investment requiring
Government approval are considered by Foreign
Investment Promotion Board (FIPB). The FIPB also
grants composite approvals involving foreign investment/
foreign technical collaboration. For seeking approval
for FDI, other than NRI Investment and 100% EOUs,
application in form FC-IL or plain paper application
carrying all relevant details are to be submitted
to FIPB in Department of Economic Affairs, Ministry
of Finance, Government of India, North Block,
New Delhi- 110 001. No fee is payable.
It is important to note the following-
- It is essential to mention in the proposal
submitted to FIPB whether the applicant has
any existing financial/technical collaboration
or trade mark agreement in India in the same
filed for which application has been sought.
- If so, details thereof and justification for
proposing new venture/ collaboration
Application can also be submitted to the Indian
mission abroad who will forward them to the
Department of Economic Affairs (DEA) for further
processing
Foreign investment proposal received in DEA are
generally placed before the FIPB within 15 days
of date of receipt and the decision of Government
in all the cases is usually conveyed within 30
days.
FDI application with NRI investment & 100%
EOUs should be submitted to the public relation
complaint section of Secretariat of industrial
Assistance (SIA), Department of Industrial Policy
& Promotion.
Secretariat for Industrial Assistance (SIA) in
Department of Industrial Policy and Promotion,
Government of India provides a single window service
for entrepreneurial assistance, Investor facilitation
and monitoring implementation of the projects.
India is moving towards reforming its tax policies
and systems so as to facilitate globalization
of economic activities. The corporate tax rate
for foreign companies is 40%. The net tax rate
is far lower than this on account of various deductions
and exemptions available under the tax laws.
For details regarding taxes in India, please
contact Ministry of Finance, Government of India,
North Block, New Delhi – 110 001 through
their website http://finmin.nic.in/topics/taxation/index.html
Useful addresses for the Foreign Investors
Department of Industrial Policy and Promotion
Joint Secretary
Secretariat for Industrial Assistance (SIA)
Ministry of Commerce & Industry
Udyog Bhavan, New Delhi-110 011
INDIA
Tel: +91-11-23011983
Fax: +91-11-23011034
E-mail: sia_dipp@ub.nic.in
Web site: www.dipp.nic.in
Reserve Bank of India (RBI)
Foreign Investment Division
Shaheed Bhagat Singh Road
Mumbai-400 001
INDIA
Tel: + 91-22-2266 1603
Fax: + 91-22-2266 5330
Web site: www.rbi.org.in
Registrar of Companies
Department of Company Affairs & Ministry of
Finance
‘B' Block, IInd Floor, Paryavaran Bhawan
C.G.O. Complex, New Delhi-110 003
INDIA
Tel: +91-11-24362708
Web site: www.dca.nic.in
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