Foreign Investment Facilitation Portal

In News 

• Recently, Foreign Investment Facilitation Portal (FIFP)  completed 5 years since Union Cabinet decision to abolish Foreign Investment Promotion Board (FIPB). 
  • The proposal for abolition of FIPB was approved by the Union Cabinet in its meeting on 24th May, 2017.

About Foreign Investment Facilitation Portal (FIFP) 

• It is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment. 
• It is administered by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry. 
• It will continue to facilitate the single window clearance of applications which are through the approval route. 

Source:PIB