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Introduction

Investment & Digital Economy Division consists of five sections, viz. (i) Domestic Investment (DI) Section (ii) Digital Economy and Fintech (DEFT) Section (iii) Foreign Direct Investment & Overseas Direct Investment (FDI & ODI) Section (iv) International Investment Treaties & Framework (IIFT) Section and (v) Foreign Trade & Services (FT) Section.

Mandate of the Division

Investment & Digital Economy Division assists the Central Government in matters of Foreign Direct Investment, Bilateral Investment Protection and Promotion Agreements, International collaborations in Fintech, Domestic Investment and Foreign Exchange Policy aspects relating to Import/Export of gold/silver.

This Division is responsible for sectoral policy issues of Ministry of Textiles, Department of Electronics and Information Technology, Department of Chemicals and Petro-Chemicals, Department of Industrial Policy and Promotion, Department of Public Enterprises, Ministry of Steel, Ministry of Commerce, Ministry of Heavy Industries and Ministry of MSME.

Schemes / Projects of the Division

Gold Monetisation Scheme (GMS), 2015

Contact details of the Divisional Head and other officers of the level of US/DD & above

Major Functions

• On the investment front, all proposals for foreign direct investment which are not on the automatic route are processed and put up for approval.
• To facilitate investment abroad, negotiations are undertaken for signing Bilateral Investment Protection and Promotion Agreements .This provides a congenial atmosphere for Overseas Indian investments and facilitates repatriation of profits back home.
• The foreign direct investment examines sectoral policy issues with respect to other ministries too.
• Foreign Exchange Policy aspects relating to Import/Export gold/silver.

Section Wise Allocation of Work

Investment - Broad categorisation into different sections is as follows

• FDI and ODI (Foreign Direct Investment & Overseas Direct Investment) Section
• International Investment Treaties & Framework Section
• Foreign Trade & Services Section
• Domestic Investment Section

Name & Contact Address of Division head

Foreign Direct Investment (FDI) and Overseas Direct Investment (ODI) Section

FDI Proposal Section

• Receipt and processing of the FDI proposal/proposals for foreign direct investment pertaining to following Activities/Sectors: (i) Financial services which are not regulated by any Financial Sector Regulator or where only part of the financial services activity is regulated or where there is doubt regarding the regulatory oversight. (ii) Applications for foreign investment into a Core Investment Company (CIC) or an Indian company engaged only in the activity of investing in the capital of other Indian Company/ies.
• Receipt of all fresh and amendment FDI proposals and registration thereof
• Scrutiny and examination of cases.
• Interaction with companies for clarification & updation of documentation
• Preparation of summary/briefs for interaction of Senior Officers/ Hon'ble Minister with investors in respect of amendment proposals.
• Maintain database on the FDI proposals received, along with details such as date of receipt, investor and investee company details, volume of foreign investment involved, and date of grant of approval/rejection letter
• Facilitating disseminating relevant/case specific information to the concerned Ministries/Department for preparation of replies to the Parliament Questions.
• Coordinating with Joint quarterly review meeting, convened by DIPP, which will be held under the co-chairmanship of Secretary, DIPP and Secretary, DEA on pendency of proposals with Government. Co-ordinating with and National Productivity Council, Investment Commission.
• Ministries/Departments: Territorial charge of Department of Industrial Policy and Promotion including Make in India, EoDB and Startup; Department of Public Enterprises and matters pertaining to the Evaluation Committee meetings thereon.
• Follow up action on cases handled by FDI section
• Servicing of GoM on FDI and preparations/circulation of Cabinet/GoM notes on FDI policy.
• Submission of all periodical reports
• Issue of approval/rejection, in respect of fresh proposals.
• Facilitating disseminating relevant/case specific information to the concerned Ministries/Department for preparation of replies to the Parliament Questions.

Name and Designation of Officers

FDI and ODI Policy Section

Functions

• There are two teams namely (i) FDI & ODI Policy team and (ii) FDI Proposal team.
• The FDI & ODI Policy team deals with policy issues related to outward investment from India, publication of monthly ODI factsheet, disposal of RTI, and other miscellaneous work.
• FDI Proposal team is responsible for processing of FDI proposals in other financial services activities & CICs.

Name and Designation of FDI & ODI Section Officers

Contact Detail

Section Officer	Assistant Director	Deputy Director	Director
Shri Nikhil Anand Email : nikhil[dot]anand[at]nic[dot]in Room No.: 69, North Block New Delhi – 110001	Shri Narendra Jena Email : jena[dot]narendra[at]nic[dot]in Room No.: 69, North Block New Delhi – 110001	Shri Rajesh Kumar Yadav Tel : 011 23092491 Email : rajeshkyadav[at]nic[dot]in Room No.: 251, North Block New Delhi – 110001	Shri Sukhbir Singh Birdi Email : dirinv-dea[at]gov[dot]in Room No. : 67 AIII, North Block New Delhi – 110001

International Investment Treaties & Framework Section

Functions

• Negotiations, Inter-Ministerial coordination and conclusion of Bilateral Investment Treaties (BIT) with other countries and investment chapter of some FTAs such as India-EU Broad-based Trade and Investment Agreement (BTIA), India-Thailand CECA, India-ASEAN Investment Agreement, India-Australia CECA and India-New Zealand FTA.
• Organizing Capacity building initiatives for central and state governments on BIT issues.
• Negotiation of Investment Chapter under Regional Comprehensive Economic Partnership Agreement (RCEP), Preparation of Schedule of Reservations and other administrative work relating to RCEP negotiations.
• Handle the Investor State Dispute Settlement (ISDS) notices/cases arising out from BIT/FTAs signed with foreign countries. Participate in the IMG meetings with other Departments handling the dispute cases.
• Investment related issues in International Forum such as UNCITRAL, UNCTAD, G20, BRICS and WTO .
• External territorial charge of Central and South American Nations.
• Sectoral charge of Ministry of Steel.

Bilateral Investment Treaties (BITs)/ Agreements

Notice relating investor dispute under the relevant provisions of the BIPAs/BITs may be served to

Name & contact address

Name and Designation of Officers

Contact Detail

Deputy Director/Assistant Director	Director	Adviser
Ms Supriya Anand Deputy Director Tel: 011-23095067 Email: supriya[dot]anand[at]gov[dot]in Room No. 30, North Block New Delhi-110001 Ms Trishla Singh Assistant Director Tel: 9690026060 Email: trishla[dot]singh[at]gov[dot]in Room No. 250-B, North Block New Delhi-110001	Ms Preeti Jain Tel: 011-23094045 Email: preeti[dot]jain[at]nic[dot]in Room No. 66-C, North Block New Delhi-110001 Shri Dhruv Chakravarty Tel:011-23095057 Email: dhruv[dot]chakravarty[at]nic[dot]in Room No. 57, 1st Floor, North Block New Delhi-110001	Ms Reetu Jain Economic Adviser (Investment) Tel. 011-23094443 (O) Intercom No. 5032 Email: reetuj[at]gov[dot]in Room No: 47-B North Block New Delhi-110001

Foreign Trade & Services Section

Functions

• Foreign Exchange aspects relating to Import/Export of gold/silver. Policy matters related to Gold Monetisation Scheme (GMS) & and Indian Gold Coin (IGC).
• Co-ordination within Investment Division on various issues/references received from various Divisions within DEA and outside and other Ministries/agencies, requiring comments/inputs of Investment Division.
• Providing advice to Department of Commerce from financial angle in matters relating to project Export on deferred Payment Terms, Border Trade, Project Export Guidelines etc. Providing advice to Department of Commerce from financial angle in matters relating to SEZs/EPzs
• Sectoral Charge of Ministry of Commerce, Department of Heavy Industries and Ministry of MSME.
• Export & Import Policy, particularly the foreign exchange aspects thereof, matters related to countertrade , matter relating to deemed Exports, including issuance of Notification/Public Notices in terms of its provisions of EXIM Policy

Name and Designation of Officers

Contact Detail

Section Officer	Under Secretary/Deputy Director	Director
Ms Jyoti Bahl Tel: 23095156 Intercom No. 5156 Room No. 275-A, North Block New Delhi-110001	Ms Aparajita Priyadarshini Behera Deputy Director Tel: 011-23095022 Intercom No. 5022 Room No. 238-C, North Block New Delhi-110001 Ms Aparajita Priyadarshini Behera Under Secretary Tel: 011-23092480 Room No. 276-G, North Block New Delhi-110001	Shri S. Satyanarayana Tel: 011-23094152, 011-23095204 Intercom No. 5204 Room No 269-A, North Block New Delhi-110001

Domestic Investment Section

Functions

• The Domestic Investment (DI) Section plays a crucial role in channelling investments towards sectors of national importance for India, especially infrastructure and middle-income housing.
• Their primary focus lies in managing investment activity of the two key funds: the National Investment and Infrastructure Fund (NIIF) and the SWAMIH Fund.
• The DI Section examines all documents related to the establishment and operation of these funds.
• They collaborate with the Department of Legal Affairs (DOLA) and the Integrated Finance Department (IFD) to guarantee the legal and financial soundness of the investment structures.
• Once established, the DI Section plays a critical role in processing requests from fund managers to release funds for specific projects.
• The DI Section acts as a vital link between the government and the NIIF/SWAMIH Funds.
• Furthermore, they manage the meetings of the Governing Council, headed by the Hon’ble Finance Minister, which provides strategic direction to NIIF.
• The DI Section plays a strategic role in ensuring effective operation for the NIIF and SWAMIH Funds in line with the intended vision.
• They have government-nominated directors on the Board of NIIF as well as the Advisory Board of SWAMIH.
• Additionally, the DI Section handles references related to the Ministry of Textiles and the Department of Chemicals & Petrochemicals.

Name and Designation of Officers

Contact Detail

Section Officer / ASO	Under Secretary / OSD	Deputy Secretary / Director
Ms Asha Rawat SO (DI) Tele : 011-23095109 Email : rawat[dot]asha[at]nic[dot]in Room No. : 251-C, North Block, New Delhi-110001   Shri Rajat Rathi SO (DI) Tele : 011-23094048 Email : rajat[dot]rathi[at]gov[dot]in Shri Suraj Kumar ASO (DI) Email : kumar[dot]suraj95[at]gov[dot]in	Shri Santosh Kumar Agarwal US (DI) Tele : 011-23095073 Email : santoshkumar[dot]agarwal[at]nic[dot]in	Shri Syed Zubair Husain Noqvi Director (Investment) Tele : 011-23094172 Email : syed[dot]zubair[at]nic[dot]in Room No. 67-A(II), North Block, New Delhi-110001 Shri Rajiv Ranjan Singh Deputy Secretary (DI) Tele : 011 23095058 Email : rajivr[dot]singh[at]nic[dot]in Room No.: 48-D, North Block, New Delhi-110001

Digital Economy and Fintech Section

Functions

• The Digital Economy and FinTech (DEFT) section work on Fintech issues based on steering committee report recommendations.
• The Sections also serves as a secretariat for Joint Working Group on Fintech with various countries (Singapore, UK, Philippines)
• Internationalization of Unified Payment Interface (UPI) and RuPay cards in coordination with RBI, MEA, etc.
• Account Aggregator (AA) Policy Issues
• KYC (Know Your Customer) & CKYCR (Central Know Your Customer Registry) policy issues
• Digital Payments landscape and policy related issues.
• Digital Lending Policy Issues (MSME credit growth etc.)
• Globalization of India Stack in consultation with anchor Ministry/Departments/Orgnizations.
• Support for all bilateral & multilateral dialogues like JCM, EFD etc. on issues regarding digital collaboration, India Stack, etc.
• Sectoral Charge of MeiTY which among other things include Indian Semiconductor Mission, various incentive schemes for promotion of electronics manufacturing such as SPECS, MSIP, etc. and providing comments on DCNs, EFCs etc.)

Name and Designation of Digital Economy and FinTech Section (DEFT) Officers

Contact Detail

Section Officer	Deputy Director	Deputy Secretary	Director
Shri Anil Kumar Jaijania M : +91-9650897566 Email : jaijania[dot]anil[at]nic[dot]in Room No. : 251-C, North Block, New Delhi-110001	Shri Rajendra Kumar Meena Tel : 23095140 M : +91-9413556686 Email : rajen[dot]km[at]gov[dot]in Room No. 250-D, North Block, New Delhi-110001	Shri Asif Ismail Tel : 011-23701240 Email : asifismail[at]ord[dot]gov[dot]in Room No.: 403, 4th Floor, STC Building Janpath, New Delhi-110001	Shri Harsha Bhowmik Tel : 011-23701227 Email : harsha[dot]bhowmik[at]gov[dot]in Room No. : 402, 4th Floor, STC Building Janpath, New Delhi-110001

• Report of the Steering Committee on Fintech Related Issues (1.68 MB)
• Foreign Exchange Management (Overseas Investment) Regulations, 2022 (1.13 MB)
• Foreign Exchange Management (Overseas Investment) Rules, 2022 (1.34 MB)