May 2024
Intermediate to advanced
470 pages
28h 9m
English
Content preview from Business Environment by Pearson
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302 | Business Environment
Foreign Investment Policy (1968–90). e year 1968 was a landmark in the evolution of
the foreign investment policy of the Government of India. For the rst time a er Nehru’s state-
ment, clear guidelines were issued on the policy of Government of India with regard to foreign
investment and collaboration. ere were also big procedural changes.
e Foreign Investment Board (FIB) was set up in December 1968 as a single agency within
the government to deal with all matters relating to foreign investment and collaboration. Since
1973, under the new industrial licensing procedure, when an applicant submits composit ...
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