DIPP, OECD organising seminar on FDI policy on April 5

New Delhi: The Department of Industrial Policy and Promotion (DIPP) and global think-tank OECD are jointly organising a seminar here to assess India's FDI regime and find ways to further improve the ease of doing business.

The international seminar on April 5 is also aimed at analysing the business climate of the country to further facilitate domestic as well as foreign investments. Experts from Organisation for Economic Co-operation and Development (OECD), officials from different ministries & departments, representatives of Competition Commission of India, RBI, SEBI, certain law firms and industry chambers would participate in the seminar.

"The issues which would come up for discussions include FDI policy, sectoral matters of different ministries, business climate, global supply chain and regulations," an official said.

In the last few years, the government has liberalised foreign direct investment (FDI) policy in several sectors such as defence, civil aviation, single brand retail, construction, banking and plantation.

It has also taken several measures to improve ease of doing business in the country, which has helped in attracting FDI.

Foreign inflows into the country grew by 22 per cent to USD 35.8 billion during April-December this fiscal. Foreign investments are considered crucial for India, which needs around USD 1 trillion to overhaul its infrastructure such as ports, airports and highways to boost growth.

These inflows also helps improve the country's balance of payments situation and strengthen the value of the rupee against global currencies, especially the US dollar.