Question : ABOLITION OF FIPB

(a) whether the Government propose to abolish Foreign Investment Promotion Board (FIPB) in a phased manner;

(b) if so, the main rationale therefore;

(c) whether the Government have fixed any time limit for the same; and

(d) if so, the details thereof?

THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (DR. RAMAN SINGH)

(a): At present there is no firm proposal in this regard.

(b) to (d): Do not arise.