Question
Download Solution PDFIn which year was the Foreign Investment Board established?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- The Foreign Investment Board was established in the year 1968.
- The board was set up to facilitate foreign investment in India and to ensure that such investments align with the country's economic policies and priorities.
- It plays a crucial role in reviewing and recommending proposals for foreign investments, ensuring that they contribute positively to the Indian economy.
- The board evaluates various factors such as the sector of investment, its impact on local industries, employment generation, and technological advancement.
Additional Information
- The establishment of the Foreign Investment Board marked a significant step in India's economic liberalization process.
- It aimed at creating a more investor-friendly environment to attract foreign capital, which is essential for economic growth and development.
- Over the years, the policies and procedures of the board have been refined to adapt to the changing global economic landscape.
- The board works in conjunction with other governmental bodies to streamline the investment process and address any concerns that may arise.
Last updated on Jun 17, 2025
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