NEW DELHI, May 3: The Home Ministry has given security clearance to more than 5,000 investment proposals, including Foreign Direct Investment, in the last four years, officials said today.
The Ministry has expedited the security clearance procedure after completely revamping the entire process and relaxing various norms.
The Home Ministry granted security clearance to 815 investment proposals in 2014, 1,201 proposals in 2015 and 1,260 in 2016, a ministry official said.
In 2017, security clearances were given to around 1,200 investment proposals, the official said. In addition, 543 proposals were automatically cleared in 2015 due to implementation of the revised policy guidelines.
A spokesperson for the Ministry said: “We have been clearing proposals for security clearance as it comes after due diligence. We only seek relevant information and the emphasis is always on to give security clearance as quickly as possible.” (AGENCIES)
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