Question map
Which of the following state- ments about 'Invest India' is/ are correct? I. It Ls a joint venture (not for profit) company. 2. It is the National Invest- ment Promotion and Facili- tation Agency of India. Select the correct answer using the code given below :
Explanation
Invest India is the National Investment Promotion and Facilitation Agency of India, established in 2009 [4]. It is a joint venture (not-for-profit) company under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry [1]. The ownership structure is a unique partnership involving the Central Government, various State Governments, and industry associations such as the Federation of Indian Chambers of Commerce and Industry (FICCI) [2]. As a non-profit venture, it serves as the primary point of contact for both global and domestic investors, providing end-to-end support throughout the investment lifecycle [4]. It plays a critical role in the 'Make in India' initiative by facilitating market entry strategies, location identification, and regulatory approvals without charging for its services. Therefore, both statements regarding its status as a joint venture not-for-profit company and its role as the national facilitation agency are correct.
Sources
- [1] https://indiainatlanta.gov.in/public_files/assets/pdf/invest_india_v27.pdf
- [4] https://e-amrit.niti.gov.in/invest-india
- [2] https://www.hcipos.gov.in/page/invest-india/