Special Window for Big-Ticket Foreign Investments In Budget 2021

The Centre is looking to create special windows for “strategically important” investors so that big-ticket foreign direct investments (FDI) can be processed quicker. The planned special window will serve strategically important investors such as pension funds and sove

BY Realty Plus
Published - Thursday, 21 Jan, 2021

Special Window for Big-Ticket Foreign Investments In Budget 2021

The Centre is looking to create special windows for “strategically important” investors so that big-ticket foreign direct investments (FDI) can be processed quicker. The planned special window will serve strategically important investors such as pension funds and sovereign wealth funds investing Rs 3000 Cr in first transaction. The special window will provide investors with the government response within three days to fast-track the process. It will also act as a “point of contact” for investors and the concerned ministry or department. The window will also be available for investors to take up pending approvals, which will be tracked and resolved by the Department of Economic Affairs every 14 days. FDI approvals take one to three months for approval depending on the sector of investment – the special window “will reduce the timeframe significantly. Adding the strategy was devised for a more proactive approach to handhold investors and help them get approvals from abroad. Apart from this, liberalising the FDI policy is being considered and an announcement will be made in due course. The development comes while the Department for Promotion of Industry and Internal Trade’s (DPIIT) single window for domestic and foreign investors in manufacturing (not covering strategic investments), is also in the works. The move should boost sovereign and pension fund investments in India.