Overview
- DPIIT, which issued the updated procedure Tuesday, set a 12-week decision target that excludes time applicants take to fix gaps.
- All filings now go through the National Single Window System portal in a fully digital process with no physical documents.
- Consulted ministries and regulators, including MEA, MHA and the RBI, face an eight-week comment window, and no response counts as no objection.
- Proposals from countries that share a land border with India will be reviewed by the foreign ministry, with a 60-day fast track in specified capital goods and electronics manufacturing.
- Proposals with foreign equity above Rs 5,000 crore require approval from the Cabinet Committee on Economic Affairs, replacing the looser 2017 framework.