Investor Facilitation Portal for Foreign Investment Approval-FIFP
Foreign Investment Facilitation Portal (FIFP) is an inter-ministerial body that acts as an authority establishing frameworks for FDI policies, FEMA regulations, and other 11 notified government bodies.
For companies that don’t qualify for automatic approval for foreign direct investment, FIFP approval is important. Telecom enterprises come under such a list of non-qualified candidates.
So, what’s the actual goal of the FIFP portal. Simply put, it’s to increase FDI in the country, but within the regulatory registrations and oversight of the government.
Thus, all the non-qualified companies required a foreign investment approval of investor facilitation portal before that investment could be used for operations in India.