Boosting investment climate in India-

Creation of National Investment Board

Investment climate

•Ranking of World bank on ‘ease of doing business countries’ tallied India in 132nd position out of 185

countries surveyed.

• Rate of investment flying out of the country is growing.

• Policy paralysis is the greatest hurdle

•Poor follow up on projects hence many of them get strapped and ignored in their initial stages

Functions

•Mainly to expedite infrastructure projects

•Investment with Rs.1000 crore plus would come under the direct

monitoring of the board

•It function as a coordinator between various ministries

Functions

•Board is headed by the Prime ministers

•Failure to achieve the time bound projects, delayed or rejected

applications from the ministries and continuous monitoring of the key

projects would be taken over by NIB

NIB can...•To fill atmosphere with positivism for

an uninterrupted inflow of investments

•Can empower mechanism to build consensus among conflicting ministries