The national Investment Promotion & Facilitation Agency of India is called:

Question

Question

This question was previously asked in

JKSSB SI Official Paper (Held On: 17 Dec 2022 Shift 2)

Answer 1

The correct answer is Invest India.

Key Points

Invest India is the official national investment promotion and facilitation agency of the Government of India.
It was established in 2009 under the Ministry of Commerce and Industry.
The agency's primary role is to assist investors by providing sector-specific information, investment opportunities, and facilitating business establishment in India.
Invest India works closely with various state governments and departments to promote investment across different regions of India.
It supports initiatives like Startup India, Make in India, and Digital India to create a conducive environment for investment and economic growth.

Additional Information

Startup India Initiative
- Launched by PM Narendra Modi in 2016, it aims to promote entrepreneurship and innovation in India.
- Provides tax benefits, funding support, and easier compliance for startups.
- The initiative includes the creation of Startup hubs, incubators, and mentorship programs.
Make in India Campaign
- Launched in 2014, this initiative aims to transform India into a global manufacturing hub.
- Focuses on 25 key sectors such as automobiles, defense manufacturing, and electronics.
- Encourages foreign direct investment (FDI) and industrial development.
Digital India Program
- Launched in 2015 to transform India into a digitally empowered society and knowledge economy.
- Promotes digital infrastructure, digital literacy, and digital delivery of services.
- Key initiatives include e-Governance, BharatNet, and DigiLocker.
Foreign Direct Investment (FDI) in India
- India has witnessed a consistent increase in FDI inflows over the years, encouraged by government reforms and ease of doing business.
- FDI is allowed in various sectors, including 100% FDI in sectors like e-commerce, telecom, and defense (under certain conditions).
- The government has simplified FDI regulations to attract global investors.