How 12-Week SOP Could Boost Investment

The concerned ministries, along with MEA, RBI, and MHA, are expected to submit comments within eight weeks after internal scrutiny of the application. However, an additional two weeks “shall be given to DPIIT” for consideration of those proposals that are proposed for rejection or where additional conditions are proposed, the guidelines said. Experts said that the new process aims to eliminate duplication and ensure time-bound decisions, with timelines ranging from initial scrutiny within two weeks to final approvals in about 12 weeks. “The SOP will improve ease of doing business by making FDI approvals faster, transparent, and fully digital, with…