European Union (EU) and India announced the establishment of an Investment Facilitation Mechanism (IFM) for EU investments in India.
Fodder Points for Mains:
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The mechanism will allow for a close coordination between the European Union and the Government of India with an aim to promote and facilitate EU investment in India.
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Key objectives of paving the way for identifying and solving problems faced by EU companies and investors with regard to their operations in India.
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IFM will cover new investors as well as those already established in India.
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The IFM is also going to serve as a platform for discussing general suggestions from the point of view of EU companies and investors
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IFM would boost and encourage the EU investors to avail the investment opportunities available in India.
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EU-India aims to oppose protectionism and to work in favour of a fair, transparent and rule-based trade and investment environment.
Source:TH