AS per Govt statement,
there are no fixed targets for FDI inflows as it is largely a matter
of private business decisions.
Government
plays an active role in the promotion of investment in all sectors, including
in labour-intensive industries, through dissemination of information on
the investment climate and opportunities in India and by advising prospective
investors about investment policies and procedures and opportunities. International
Cooperation for industrial partnerships is solicited both through bilateral
and multilateral arrangements. It also coordinates with apex industry associations,
such as FICCI, CII and ASSOCHAM, in their activities relating to promotion
of industrial cooperation, both through bilateral and multilateral initiatives
intended to stimulate inflow of foreign direct investment into India.
Government has also set up ‘Invest India’, a joint venture company between the
Department of Industrial Policy & Promotion and FICCI, as a not-for-profit,
single window facilitator, for prospective overseas investors and to act as a
structured mechanism to attract investment.
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