Govt in talks to streamline FDI, FII processes: Goyal

The Centre is regularly holding consultations with stakeholders to streamline foreign direct investments (FDIs) and foreign institutional investments (FIIs) related processes to enable faster and more efficient investment flows into the country, said Commerce and Industry Minister Piyush Goyal, adding one such meeting with stakeholders was held on Tuesday.

- SHREYA NANDI

The minister underlined the government’s commitment to creating an investment-friendly ecosystem. This would be through ease of doing business, deregulation, decriminalisation of laws and reduction of compliance burdens.

Investments will lead to job creation, new technologies, promote research and development, and innovation. Besides, it will promote defence manufacturing and provide greater stability to domestic currency which will help reduce inflation further, he said.