FIIA :- Foreign Investment Implementation Authority
It has been set up by the legislature of India with the end goal to energize the execution of the proposition for FDI in the nation. By doing this, the Foreign Investment Implementation Authority (FIIA) has given a noteworthy lift to the Indian economy. It was set up in 1999 by the Indian government. Different goals of Foreign Investment Implementation Authority (FIIA) are –
- To empower quick interpretation of the endorsement of outside direct venture and furthermore its usage.
- To offer the outside financial specialists proactive administrations, for example, getting them the endorsements that are fundamental.
- To take care of their issues by meeting the different offices of the legislature, and furthermore to tackle the different operational issues.
The Fast Track Committee (FTC) that has been set up in around 30 Departments of the Indian government helps Foreign Investment Implementation Authority (FIIA) in its undertakings. The director of Foreign Investment Implementation Authority (FIIA) is the Secretariat for Industrial Assistance (SIA) of the Department of Industrial Promotion and Policy. The job of the Foreign Investment Implementation Authority (FIIA) are:
- To comprehend and take care of the issues of the speculators
- To comprehend and take care of the issues of the affirming experts
- To allude the cases that have not been settled at the level of FIA to the offices at the larger amounts
To begin interviews with various organizations