Commerce and Industry Minister Piyush Goyal on Tuesday held a meeting with stakeholders to discuss ways to attract greater foreign investment in the country by streamlining the processes.
Representatives from sectors dealing with both foreign direct investment (FDI) and Foreign Institutional Investment (FII) were part of the meeting.
“The Government is undertaking continuous consultations to further streamline FDI and FII processes to enable faster and more efficient investment flows into the country,” the minister had said earlier at the Curtain Raiser of FICCI’s 98th Annual General Meeting and Annual Convention.
A robust investment ecosystem would generate employment, bring new technologies into the country, support research and innovation, and strengthen advanced sectors such as defence and security, he said.
Goyal also underlined the Government’s commitment to creating an investment-friendly ecosystem through ease of doing business, deregulation, decriminalisation of laws and reduction of compliance burdens.
For this the government has readied the third version of the Jan Vishwas Bill to decriminalize most of the provisions of law to make life easier for businesses and for the common man, he said. The first Jan Vishwas Bill was passed in 2023. The second Jan Vishwas Bill is already before Parliament for passing.