आर्थिक कार्य विभाग DEPARTMENT OF Economic Affairs

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Investment Division

Major Functions:

  1. On the investment front, all proposals for foreign direct investment which are not on the automatic route are processed and put up for approval.
  2. To facilitate investment abroad, negotiations are undertaken for signing Bilateral Investment Protection and Promotion Agreements .This provides a congenial atmosphere for Overseas Indian investments and facilitates repatriation of profits back home.
  3. The foreign direct investment examines sectoral policy issues with respect to other ministries too.
  4. Foreign Exchange Policy aspects relating to Import/Export gold/silver.

SECTION- WISE ALLOCATION OF WORK

Investment - Broad categorisation into different sections is as follows:-

  1. FDI and ODI (Foreign Direct Investment & Overseas Direct Investment) Section
  2. International Investment Treaties & Framework Section
  3. Foreign Trade & Services Section
  4. Domestic Investment Section

Name & contact address of division head

Ms. Reetu Jain

Adviser (Investment)

Department of Economic Affairs
Ministry of Finance
Room No. 401, 4th Floor, STC Building
New Delhi - 110001
Tel: 2370 1243
Email: reetuj[at]gov[dot]in

FDI and ODI (Foreign Direct Investment & Overseas Direct Investment)

FDI Proposal Section:

  1. Receipt and processing of the FDI proposal/proposals for foreign direct investment pertaining to following Activities/Sectors: (i) Financial services which are not regulated by any Financial Sector Regulator or where only part of the financial services activity is regulated or where there is doubt regarding the regulatory oversight. (ii) Applications for foreign investment into a Core Investment Company (CIC) or an Indian company engaged only in the activity of investing in the capital of other Indian Company/ies.
  2. Receipt of all fresh and amendment FDI proposals and registration thereof
  3. Scrutiny and examination of cases.
  4. Interaction with companies for clarification & updation of documentation
  5. Preparation of summary/briefs for interaction of Senior Officers/ Hon'ble Minister with investors in respect of amendment proposals.
  6. Maintain database on the FDI proposals received, along with details such as date of receipt, investor and investee company details, volume of foreign investment involved, and date of grant of approval/rejection letter
  7. Facilitating disseminating relevant/case specific information to the concerned Ministries/Department for preparation of replies to the Parliament Questions.
  8. Coordinating with Joint quarterly review meeting, convened by DIPP, which will be held under the co-chairmanship of Secretary, DIPP and Secretary, DEA on pendency of proposals with Government. Co-ordinating with and National Productivity Council, Investment Commission.
  9. Ministries/Departments: Territorial charge of Department of Industrial Policy and Promotion including Make in India, EoDB and Startup; Department of Public Enterprises and matters pertaining to the Evaluation Committee meetings thereon.
  10. Follow up action on cases handled by FDI section
  11. Servicing of GoM on FDI and preparations/circulation of Cabinet/GoM notes on FDI policy.
  12. Submission of all periodical reports
  13. Issue of approval/rejection, in respect of fresh proposals.
  14. Facilitating disseminating relevant/case specific information to the concerned Ministries/Department for preparation of replies to the Parliament Questions.
Name and Designation of Officers
Section Officer Deputy Director Director
Vacant
Ms Reena Nagar
Tel:23095019
Room no. 238 C, North Block
New Delhi – 110001
Shri Sukhbir Singh Birdi
Tel: 23095069
Room no. 241-B, North block
New Delhi-110001

FDI and ODI Policy Section

Functions:

  1. FDI Policy matters particularly equity inflow transactions and FDI Policy clarifications & related matters of FEMA 20
  2. Foreign Investment policy issues relating to Foreign Venture Capital Investment (FVCI), Alternative Investment Fund (AIFs) (except infrastructure funds) including Venture Funds, Angel Funds, Private Equity Funds, etc
  3. Co-ordination with inter Ministries/Department (like Department of Industrial Policy & Promotion, Department of Financial Services, Department of Revenue, Department of Commerce) and Regulators (Reserve Bank of India / Securities & Exchange Board of India etc) on FDI policy issue. .
  4. Ministries/Departments: Territorial charge of Department of Industrial Policy and Promotion, including Make in India, EoDB and Startup; Department of Public Enterprises and matters pertaining to the Evaluation Committee meetings thereon.
  5. Servicing of GoM on FDI and preparations/circulation of Cabinet/GoM notes of DEA and other Ministries/departments on policy issues.
  6. Facilitating disseminating relevant/case specific information to the concerned Ministries/Department for preparation of replies to the Parliament Questions.
  7. The work relating to "Policy issues related to Overseas Direct Investment
Name and Designation of Officers
Assistant Director Deputy Director Director
Shri Narendra Jena
Tel: 23095109
Intercom: 5109
Room No. 251-C
North Block, New Delhi
Ms Reena Nagar
Room no. 238-C, North Block
New Delhi - 110001
Shri Sukhbir Singh Birdi
Tel: 230935069
Room no. 241-B, North block
New Delhi-110001

International Investment Treaties & Framework Section

Functions:

  • Negotiations, Inter-Ministerial coordination and conclusion of Bilateral Investment Treaties (BIT) with other countries and investment chapter of some FTAs such as India-EU Broad-based Trade and Investment Agreement (BTIA), India-Thailand CECA, India-ASEAN Investment Agreement, India-Australia CECA and India-New Zealand FTA.
  • Organizing Capacity building initiatives for central and state governments on BIT issues.
  • Negotiation of Investment Chapter under Regional Comprehensive Economic Partnership Agreement (RCEP), Preparation of Schedule of Reservations and other administrative work relating to RCEP negotiations.
  • Handle the Investor State Dispute Settlement (ISDS) notices/cases arising out from BIT/FTAs signed with foreign countries. Participate in the IMG meetings with other Departments handling the dispute cases.
  • Investment related issues in International Forum such as UNCITRAL, UNCTAD, G20, BRICS and WTO .
  • External territorial charge of Central and South American Nations.
  • Sectoral charge of Ministry of Steel.

Bilateral Investment Treaties (BITs)/ Agreements

Notice relating investor dispute under the relevant provisions of the BIPAs/BITs may be served to:-

Name & contact address

Secretary

Department of Economic Affairs

Ministry of Finance, North block
New Delhi-110001

Name and Designation of Officers
Deputy Directors Joint Director Adviser
Ms Supriya Anand
Tel: 23701245
Email: supriya[dot]anand[at]gov[dot]in
Room No. 406-A
STC Building, Janpath
New Delhi-110001.
Ms Kanika Wadhawan
Tel: 23701242
Email: kanika[dot]wadhawan[at]gov[dot]in
Room No.406-B
STC Building, Janpath
New Delhi-110001
Mr Vaibhav Rundwal
Tel: 23701083
Email: vaibhav[dot]rundwal[at]nic[dot]in
Room No 405
STC Building, Janpath
New Delhi-110001
Ms Reetu Jain
Economic Adviser (Investment)
Tel. +91-11- 23701243 (O)
Intercom No. 201
Email: reetuj[at]gov[dot]in
Room No:401
4th Floor, STC Building, Janpath, New Delhi

Foreign Trade & Services Section

Functions:

  • Foreign Exchange aspects relating to Import/Export of gold/silver. Policy matters related to Gold Monetisation Scheme (GMS) & and Indian Gold Coin (IGC).
  • Co-ordination within Investment Division on various issues/references received from various Divisions within DEA and outside and other Ministries/agencies, requiring comments/inputs of Investment Division.
  • Providing advice to Department of Commerce from financial angle in matters relating to project Export on deferred Payment Terms, Border Trade, Project Export Guidelines etc. Providing advice to Department of Commerce from financial angle in matters relating to SEZs/EPzs
  • Sectoral Charge of Ministry of Commerce, Department of Heavy Industries and Ministry of MSME.
  • Export & Import Policy, particularly the foreign exchange aspects thereof, matters related to countertrade , matter relating to deemed Exports, including issuance of Notification/Public Notices in terms of its provisions of EXIM Policy
Name and Designation of Officers
Section Officer Joint Director
Ms Jyoti Bahl
Tel: 2309 5156
Intercom No. 5156
Room No. 275 A
North Block
New Delhi-110001
S. Satyanarayana
Tel: 2309 2519
Intercom No. 5204
Room No 269 A
North Block
New Delhi-110001

Domestic Investment and Digital Economy Section

Domestic Investment & Outward Investment from India:

  1. All policy issues related to domestic investment and outward investment from India (except foreign investment), including industrialization, manufacturing sector and innovation.
  2. Examining all policy proposals related to Ministry of Textiles, Ministry of Electronics and Information Technology, Department of Chemicals and Petro-Chemicals.
  3. Policy issues related to integrated Township, Industrial Park and Manufacturing Clusters.
  4. Financing and regulatory issues related to Manufacturing Sector and MSMEs
  5. National Manufacturing Policy & National Investment Manufacturing Zone.
  6. National Manufacturing Competitiveness Council(NMCC)
  7. Works relating to ‘National Investment and Infrastructure Fund (NIIF).
  8. Works relating to Special Window for Affordable and Middle Income Housing (SWAMIH)
  9. Identify and work in Sectoral & Taxation issues with relevant Departments.
  10. Institutions : NIIF,NMCC
  11. External Territorial Charge: Nil
  12. Ministries/Departments: Ministry of Textiles, Department of Chemicals and Petro- Chemicals
  13. States :Nil
  14. Legislations : Nil
Name and Designation of Officers
Section Officer Under Secretary Deputy Secretary/Joint Director
Vacant
Shri Sudipto Sengupta
Tel:23701003
Room no. 1006 (Jawahar Vyapar Bhawan)
Email: sudipto[dot]sengupta25[at]nic[dot]in
New Delhi – 110001
1. Shri Pradeep Purohit
Tel: 23095744
Room no. 1012 (Jawahar Vyapar Bhawan)
Email: p[dot]purohit[at]nic[dot]in
New Delhi-110001

2. Shri Syed Zubair
Joint Director
Tel.: 23095153
Email: syed[dot]zubair[at]nic[dot]in
Room No. 50, North Block

Digital Economy and Fintech

Functions:

  1. Work relating to Digital Economy including FinTech
  2. Identifying policy interventions for the Digital Economy and FinTech.
  3. Identifying digital infrastructure gaps and measuring progress.
  4. International collaborations in Fintech to grow India’s contribution to the Digital Economy.
  5. Identifying possible market failures and suggesting interventions.
  6. Ministries/Departments: Ministry of Electronic and Information Technology.
  7. External Territorial Charge: Nil
  8. Institutions: Nil
  9. States: Nil
  10. Legislations: Nil
Name and Designation of Officers
Deputy Director Director
Shri Rajendra Kumar Meena
Tel: 23095140
Email: rajen[dot]km[at]gov[dot]in
Room No. 250-D, North Block
New Delhi-110001
Shri Harsha Bhowmik
Tel: 23092420
Email: harsha[dot]bhowmik[at]gov[dot]in
Room no. 129-B, North block
New Delhi-110001
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