CUET Preparation Today
What was the purpose of setting up the Foreign Investment Promotion Board (FIPB)? |
To restrict foreign investment in India To promote and channelize foreign investment in India To regulate technology agreements with foreign companies To oversee disinvestment in public sector enterprises |
To promote and channelize foreign investment in India |
The correct answer is option 2- To promote and channelize foreign investment in India. Foreign Investment Promotion Board (FIPB) was set up to promote and channelise foreign investment in India. The Foreign Investment Promotion Board (FIPB) was established by the Government of India to facilitate and promote foreign direct investment (FDI) in the country. Its primary purpose was to channelize and streamline the process of receiving foreign investment by providing approval for FDI proposals, simplifying procedures, and ensuring that foreign investment was used effectively to boost economic growth in India. |
