Under Foreign Exchange Management Act, 1999 (FEMA) there are routes through which foreign funds can come in India – Automatic route and Approval route. Automatic route approval by RBI is available for many sectors with their sectoral caps  as mentioned in the act, circulars from time to time. FIPB approval is required for all other proposals not eligible for Automatic Approval. Applications have to be submitted in Form IL-FC or on plain paper with full details to the Secretariat for Industrial Assistance (SIA) for the cases involving NRI/OCB investment and 100% EOU. For remaining cases, the applications may be submitted to Department of Economic Affairs, Ministry of Finance. The proposals are considered by FIPB (Foreign Investment Promotion Board) in the Department of Economic Affairs and approvals are granted on case to case basis.