The Foreign Investment Promotion Board (FlPB) was a national agency of Government of India, with the remit to consider and recommend FDI which does not come under the automatic route. The function of FlPB. • To ensure expeditious clearance of the proposals for foreign investment • To review periodically the implementation of the proposals cleared by the Board • To undertake all other activities for promoting and facilitating FDI as considered necessary from time to time • To interact with the FIPC being constituted separately by the Ministry of Industry