The Foreign Investment Promotion Board, headed by finance secretary,Arvind Mayaram, is scheduled to meet up next week to discuss and take a call on many foreign direct investment proposals next week.
The top most amongst the agenda is the booming pharmaceutical sector, while India allows direct investment in many segments through automatic route but investments in pharma has to approved by FIPB.
Foreign investments are very crucial for India as we are in a need of huge foreign reserves which would only be possible by opening up new incentives and schemes for foreign investor to pool more and more monetary reserves in India And to overhaul the overall infrastructure such as ports, highways and airports etc.
The decline in foreign investment could effect the balance of payments and can lead to a fall in the rupee value, so therefore an attractive scheme has to be framed to attract the foreign investment which shall take place next week after FIPB taking call on the proposals.
