Written by: ForumIAS Posted on Last modified on Comments
Invest India’ is India’s official agency
dedicated to investment promotion and facilitation. It is under Ministry of
Commerce and Industry.
It was formed in 2009 under Section 25 of the
Companies Act 1956
Invest India is set up as a joint venture
company between the Department of Industrial Policy & Promotion (DIPP), Ministry
of Commerce & Industry, Federation of Indian Chambers of Commerce and
Industry (FICCI), and State Governments of India.
Invest India provides sector-specific and
state-specific information to a foreign investor, assists in expediting
regulatory approvals, and offers hand-holding services.
It also assists Indian investors to make
informed choices about investment opportunities overseas.
Invest India also looks after India Investment
Grid (IIG). IIG is an online platform to showcase investment opportunities in
India to global investors.
It also handles a project called Accelerating
Growth of New India’s Innovations (AGNIi). AGNIi aims to support the ongoing
efforts to boost the innovation ecosystem in India. It connects innovators
across industry, individuals and the grassroots to the market and help
commercialise their innovative solutions.