The Foreign Investment Promotion Board (FIPB) is a government
body that offers a single window clearance for proposals on
Foreign Direct Investment (FDI) in India that are not allowed
access through the automatic route. FIPB comprises of Secretaries
drawn from different ministries with Secretary, Department of
Economic Affairs, MoF in the chair. This inter-ministerial body
examines and discusses proposals for foreign investments in the
country for sectors with caps, sources and instruments that require
approval under the extant FDI Policy (prescribed vide Circular 1 of 2012)
on a regular basis. The Minister of Finance, considers the recommendations
of the FIPB on proposals for foreign investment up to 1200 crore.
Proposals involving foreign investment of more than 1200 crore
require the approval of the Cabinet Committee on Economic Affairs (CCEA).