India issues fast-track SOP for FDI approvals in energy manufacturing
The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced a new Standard Operating Procedure (SOP) to accelerate approvals for Foreign Direct Investment (FDI) proposals requiring government clearance, with several energy manufacturing segments included under a fast-track framework. The SOP establishes a paperless and time-bound approval system through the Foreign Investment Facilitation (FIF)…