दूरसंचार विभाग
Work allocation of Foreign Investment Policy & Promotion (FIPP) Division:
Foreign Investment Policy & Promotion (FIPP) Wing is the nodal wing in Department of Telecommunications to deal with the processing of FDI proposals/application pertaining to the Telecom Services Sector. The wing was created in 2018. The wing has to coordinate with the other concerned Ministries/Departments/Offices, mainly RBI, MHA, DPIIT, DoR, MEA, SEBI etc. The brief of the work dealt by the FIPP wing is as under:
i. Examination and approval/rejection/closure of the FDI cases relating to the Telecom Services Sector. FIPP wing receives the proposals online on the FIF Portal of DPIIT The proposals are examined in coordination with the licensing wings of DoT, viz, AS, CS, DS LFP, WPC wings. RBI comments and MHA security clearance are also required as per DPIIT SOP. Interactions are held with the applicants to resolve the deficiencies noted in the applications. The FDI case are then submitted for approval of the competent authority after receipt of all required documents as per the FDI policy and DPIIT SOP. For cases where FDI is upto Rs. 5000Cr, the Department (MoC) is the competent authority and in cases where FDI exceeds Rs 5000 Cr, the Competent authority is CCEA. In the event of FDI proposals found deficient in required documents etc the cases are closed. If there are adverse inputs/comments on the proposal by MHA/DoR etc the cases can be rejected after concurrence by DPIIT.
ii. Examination of the policy issues relating to the promotion of Foreign Direct Investment in Telecom Sector. Whenever any new policy or guidelines relating to FDI are notified like Press Note 3 (2020), FDI Policy 2020, DPIIT SoP, FEMA Non Debt Instrument Rules 2019, the FDI wing examines the new policy and submits the same to the competent authority with its comments from time to time.
iii. Monitoring of compliances of conditions under the FDI approvals pertaining to the Telecom Sector, including the past cases approved by DoT/erstwhile Foreign Investment Promotion Board (FIPB). All the proposal that are processed by the FIPP wing, need to be compliant with the conditions set by the FIPB/DOT. If violations are noted, the case is processed only subject to compounding by RBI.
iv. Conducting regular monthly review as per SOP on the FDI Proposals relating to the Telecom Sector pending with the DoT and submitting the same to competent authority.
v. To assist Secretary (Telecom) in Inter- Ministerial Committee (IMC) meetings held under the chairmanship of Secretary, DPIIT and Secretary, MHA (PN3 cases), as the case may be.
vi. To maintain the database as per the requirement of DPIIT SoP of the proposals received along with the details such as date of receipt, investor and investee company details, volume of foreign investment involved and date of issue of approval/rejection/closure letter.
vii. Work relating to the parliamentary matters pertaining to FIPP Wing.
viii. To promote ease of doing business for investors by coordinating and monitoring of implementation of National Single Window System in DOT. NSWS is the flagship programme of DPIIT implemented across Govt. of India and State Govts. By Invest India. DDG (FIPP) is the nodal officer in DOT for the project.