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FIPB stands for Foreign Investment Promotion Board. It was a government body in India responsible for reviewing and approving foreign direct investment (FDI) proposals that required government approval. The FIPB played a crucial role in facilitating foreign investments and ensuring compliance with India's foreign investment policies and regulations. However, the FIPB was abolished in 2017, and the process of FDI approvals was streamlined and made more automatic through various reforms.
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