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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.

Name & Contact Address of Division head

Section wise allocation of work

Investment - Broad categorisation into different sections is as follows

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

FDI Proposal Section

• 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.
• 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.

Name and Designation of Officers

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FDI and ODI 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.
• The work relating to "Policy issues related to Overseas Direct Investment

Name and Designation of Officers

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International Investment Treaties & Framework Section

Functions

• Negotiations, Inter-Ministerial coordination and conclusion of Bilateral Investment Treaties (BIT) with countries.
• Organizing Capacity building initiatives for central and state governments on BIT issues.
• 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 and Designation of Officers

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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

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Domestic Investment Section

Functions

• All policy issues related to domestic investment and outward investment from India (except foreign investment), including industrialization, manufacturing sector and innovation.
• Examining all policy proposals related to Ministry of Textiles, Ministry of Electronics and Information Technology, Department of Chemicals and Petro-Chemicals
• Financing and regulatory issues related to Manufacturing Sector and MSMEs
• Works relating to ‘National Investment and Infrastructure Fund (NIIF).
• Works relating to Special Window for Affordable and Middle Income Housing (SWAMIH)
• Identify and work in Sectoral & Taxation issues with relevant Departments.
• Institutions : NIIF
• External Territorial Charge: Nil
• Ministries/Departments: Ministry of Textiles, Department of Chemicals and Petro- Chemicals
• States :Nil
• Legislations : Nil

Name and Designation of Officers

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Digital Economy and Fintech Section

Functions

• Work relating to Digital Economy including FinTech
• Identifying policy interventions for the Digital Economy and FinTech.
• Identifying digital infrastructure gaps and measuring progress.
• International collaborations in Fintech to grow India’s contribution to the Digital Economy.
• Identifying possible market failures and suggesting interventions.
• Ministries/Departments: Ministry of Electronic and Information Technology.
• External Territorial Charge: Nil
• Institutions: Nil
• States: Nil
• Legislations: Nil

Name and Designation of Officers

• Report of the Steering Committee on Fintech Related Issues (1.68 MB)
• Foreign Exchange Management (Overseas Investment) Regulations, 2022.pdf (1.13 MB)
• Foreign Exchange Management (Overseas Investment) Rules, 2022.pdf (1.34 MB)