DIPP forms Advisory Group to improve investment regulations; FISME to represent MSMEs

New Delhi, Oct 31 (KNN) In a bid to smoothen investment regulations for domestic and foreign companies, the Department of Industrial Policy & Promotion (DIPP) has formed a ‘Better Regulatory Advisory Group’.

The Terms of Reference of the Advisory Group, as per the notification issued on 27^th Oct 2017, relate to   identification of regulatory and procedural issues and to recommend measures to improve the regulations.

The Advisory Group has come about following the meeting of the Union Commerce and industry Minister Suresh Prabhu held with industry bodies last month.

Besides the chambers- CII, FICCI, ASSOCHAM and PHDCCI, Federation of Indian Micro and Small & Medium Enterprises (FISME) and LBU are nominated to represent the Micro, Small and Medium Enterprises interests.

In spite of major initiatives to attract investment, like ‘Make in India’, the private investment has fallen consistently creating of worry. (KNN/AB)