Panel of Secretaries Working on Simplification of FDI Rules: Piyush Goyal

A government panel is working on simplifying foreign direct investment (FDI) rules, including the speed of approval of proposals and moving to an automatic approval mode, the commerce and industry minister said. Piyush Goyal told Shreya Nandi in New Delhi in a post-budget interview. Edited excerpts:

The budget talks about simplifying FDI rules…

We have worked out a few things that the committee of secretaries is looking into. There will be a simplification in terms of processes, procedures and speed of approval. We could put some items in automatic approval mode instead of (government) approval mode. It is a