(FREE) UPSC Current Affairs 2024 PDF

(THE GIST OF PIB) Invest India

(SEPTEMBER-2024)

The Union Ministry of Commerce and Industry recently announced the Centre’s Start-up India initiative will be moved out of the aegis of Invest India to a new non-profit company that could also house the National Start-up Advisory Council.

It is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India.
It was set up as a non-profit venture under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India.
It facilitates and empowers all investors under the ‘Make in India’ initiative to establish, operate, and expand their businesses in India.
The agency aims at sector-specific investor targeting and development of partnerships, thereby channelising sustainable investments in the country.
It is also engaged in developing partnerships with investment promotion agencies and multilateral organisations.
Its domain and functional experts provide sector- and state-specific inputs and hand-holding support to investors through the entire investment cycle, from pre-investment and decision-making to after-care.
It provides multiple forms of support, such as market entry strategies, deep dive industry analysis, partner search and location assessment, and policy advocacy with decision makers.
Headquarters: New Delhi