‘Government route’ means that investment in the capital of resident entities by non-resident entities can be made only with the prior approval of Government (FIPB, Department of Economic Affairs (DEA), Ministry of Finance or Department of Industrial Policy & Promotion, as the case may be).
levels of approvals
- The Minister of Finance who is in charge of FIPB would consider the recommendations of FIPB on proposals with total foreign equity inflow of and below INR 5000 crore.
- The recommendations of FIPB on proposals with total foreign equity inflow of more than INR 5000 crore would be placed for consideration of Cabinet Committee on Economic Affairs (CCEA).
- The CCEA would also consider the proposals which may be referred to it by the FIPB/the Minister of Finance (in charge of FIPB).
