Source: The Economic Times

NEW DELHI: The government plans to float a joint-venture company with the private sector to set up country-specific investment promotion centres in India and abroad. The move is aimed at involving industry in attracting FDI, crucial to achieve targeted GDP growth rate of 9% during the 11th Plan, an official said.

As per a proposal prepared by the department of industrial policy & promotion (Dipp), apex industry chambers would be asked to set up a society, trust or a company in collaboration with the Centre. This would then set up separate offices in the country and abroad where all information pertaining to investment in the country would be provided. Various clearances for FDI projects would also be handled by such windows to facilitate faster FDI clearances.

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Posted by pichu at July 5, 2007 2:51 PM