In a conversation with CNBC-TV18, Ramesh Abhishek, the Secretary of Department of Industrial Policy & Promotion (DIPP) said that there has been tremendous interest among foreign investors in India and that the government is doing active investment promotion to attract more inflows. He said, "The climate for doing business has become simpler hence we expect FDI inflows to go up from here," he said, adding "India needs huge investments both through foreign and domestic investments." He added that there are areas that need Foreign Investment Promotion Board (FIPB) approval where FDI is banned, and DIPP is working towards shortening the list, by making the process for FIPB nod simpler. He maintained that doing business has become a lot easier in India. It will get reflected in the ranking this year.
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