Major Functions:
- On the investment front, all proposals for foreign direct investment which are not on the automatic route are processed and put up for approval.
- 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.
- The foreign direct investment examines sectoral policy issues with respect to other ministries too.
- Foreign Exchange Policy aspects relating to Import/Export gold/silver.
SECTION- WISE ALLOCATION OF WORK
Investment - Broad categorisation into different sections is as follows:-
- FDI (Foreign Direct Investment & Banking Reforms Investment)
- International Investment Agreement Section
- Foreign Trade Section
- Domestic Investment Section
Name & contact address of division head
JS(IER & Investment),
Department of Economic Affairs,
Ministry of Finance,
Room No. 166-D, North Block,
New Delhi - 110001
Tel: 2309 2420; Intercom: 5043
Email: jsinv_dea[at]nic[dot]in
Foreign Direct Investment
FDI proposal Section:
- Receipt and processing of the FDI proposal/proposals for foreign direct investment pertaining to 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.
- Receipt of all fresh and amendment FDI proposals and registration thereof
- Scrutiny and examination of cases.
- Interaction with companies for clarification & updation of documentation
- Preparation of summary/briefs for interaction of Senior Officers/ Hon'ble Minister with investors in respect of amendment proposals.
- 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
- Facilitating disseminating relevant/case specific information to the concerned Ministries/Department for preparation of replies to the Parliament Questions.
- 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.
- 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.
- Follow up action on cases handled by FDI section
- Servicing of GoM on FDI and preparations/circulation of Cabinet/GoM notes on FDI policy.
- Submission of all periodical reports
- Issue of approval/rejection, in respect of fresh proposals.
- Facilitating disseminating relevant/case specific information to the concerned Ministries/Department for preparation of replies to the Parliament Questions.
Section Officer | Deputy Secretary | Director |
---|---|---|
Shri Suresh Kumar Tel: 23095104 Intercom: 5104 Room No. 251-C North Block, New Delhi | Shri T. Narasimhan Tel:23094548 Intercom: 5752 Room no. 221, North Block, New Delhi – 110001 | Shri Vijay Kumar Tyagi Tel: 23093556 Intercom: 5748 Room no. 66-B, North block, , New Delhi-110001 |
FDI Policy Section
Functions:
- FDI Policy matters particularly equity inflow transactions and FDI Policy clarifications & related matters of FEMA 20
- 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
- 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. .
- 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.
- Servicing of GoM on FDI and preparations/circulation of Cabinet/GoM notes of DEA and other Ministries/departments on policy issues.
- Facilitating disseminating relevant/case specific information to the concerned Ministries/Department for preparation of replies to the Parliament Questions.
Section Officer | Deputy Secretary | Director |
---|---|---|
Tel: 23095109 Intercom: 5109 Room No. 64 North Block, New Delhi | Shri T. Narasimhan Intercom: 5752, Room no. 221, North Block, New Delhi - 110001 Ph: +91-11-23094548, | Shri Vijay Kumar Tyagi Tel: 23093556 Room no. 66-B, North block, , New Delhi-110001 |
International Investment Agreement Section
Functions:
- Negotiation and conclusion of Bilateral Investment Promotion & Protection Agreements (BIPA) with other countries
- Nodal responsibility in relation to assistance in establishing various industries in foreign countries.
- Setting up of Joint Ventures and Subsidiaries abroad - Policy and briefs on individual cases considered in the Special Committee on Investment abroad.
Bilateral Investment Agreements (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
Section Officer | Assistant Director/Under Secretary | Director |
---|---|---|
Tel: 2309 5195 Intercom No. 5195 Room No. 64 North Block New Delhi-110001. | - | Director (IIA) Tel. +91-11-2309 2908(O) Intercom No. 5194 Room No:33 North Block, New Delhi |
Foreign Trade 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).
- Inputs related to Comprehensive Economic Cooperation Agreement (CECA), etc. negotiated under the aegis of Ministry of Commerce & Industry with various countries and regional blocs.
- Providing advice to Department of Commerce from financial angle in matters relating to project Export on deferred Payment Terms, Border5 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
- 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
- Agreements with countries in Asia (excluding SAARC) and Africa and providing of inputs on cooperation in financial sectors for the meetings of the joint commission.
- Matters relating to meetings of Trade and Economic Relation Committee (TERC).
- Policy issues related to Overseas Direct Investment.
Section Officer | Assistant Director | Director |
---|---|---|
Tel: 2309 5156 Intercom No. 5156 Room No. 275 A North Block New Delhi-110001 | Tel: 2309 5238 Intercom No. 5238 Room No. 268-C North Block New Delhi-110001. | Tel: 2309 3558 Intercom No. 5236 Room No 32 A North Block New Delhi-110001. |
Domestic Investment Division
Functions:
- All policy issues related to investment (except foreign investment), including industrialization, manufacturing sector and innovation.
- Examining all policy proposals related to Ministry of Mines, Ministry of Steel, Ministry of MSME, Ministry of Heavy Industry, Ministry of Textiles, Department of Electronics and Information Technology, Department of Chemicals and Peetro-Chemicals, Department of Fertilizers and Department of Pharmaceuticals.
- Policy issues related to integrated Township, Industrial Park and Manufacturing Clusters.
- Financing and regulatory issues related to Manufacturing Sector and MSMEs
- National Manufacturing Policy & National Investment Manufacturing Zone.
- National Manufacturing Competitiveness Council (NMCC)
- Works relating to ‘National Investment and Infrastructure Fund’ (NIIF).
Section Officer | Under Secretary | Director |
---|---|---|
Tel: 2309 4048 Intercom No. 4048 Room No. 64 North Block New Delhi – 110001 | Tel: 2309 4427 Intercom No. 5744 Room No. 276 North Block New Delhi – 110001 | - |
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