Context:

Commerce and Industry announced that the Centre’s Start-up India initiative will be moved out of the aegis of the official investment promotion and facilitation agency Invest India, to a new non-profit company that could also house the National Start-up Advisory Council.

Invest India

Invest India is the National Investment Promotion and Facilitation Agency of India, set up as a non-profit venture under the aegis of the Department of Industrial Policy & Promotion, 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.
Department for Internal Trade and Promotion of Industry conducts a regular review of the performance of the Invest India Programme.
Its headquarters is located in New Delhi.

How does India help investors?

Invest India offers a one-stop solution to global and domestic investors by handholding them throughout their journey from the day they start exploring India as an investment destination to the time of deployment of their investments and even beyond.
It provides sector and specific state inputs and other supports to investors throughout the entire investment cycle.
It provides tailor-made incentive offers and collates the information needed to optimise decision-making.
It also mediates between the government and businesses, and supports in their future expansion plans,
It helps investors in bringing them to market, or identifying, developing, and deploying technologies on the ground.

Other Services Offered

Business Planning & Advisory

Policy and incentives advisory
Market entry strategy
Expansion advisory

Strategy & Implementation

Market entry strategy
JV and strategic partner search
License and compliance advisory

Long-Term Partnership

Expansion advisory
Policy impact analysis
Facilitation

Bharat Start-up Knowledge Access Registry (BHASKAR)

●Bharat Start-up Knowledge Access Registry (BHASKAR) is a digital platform for networking, knowledge and resource sharing between startups under the Startup India program.

●It is a platform designed to centralize, streamline, and enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies.

For further study on the agreement refer the following article:

Start Up India

Make in India

Sources:

https://www.thehindu.com/business/Economy/start-up-india-to-move-out-of-invest-indias-ambit-goyal/article68648639.ece

https://www.investindia.gov.in/

PRACTICE QUESTION

Q.Consider the following statements regarding the Nidhi Companies:

Invest India is a Not-for-profit venture of Public Sector undertakings and private sector entities in India.
It facilitates and empowers all investors under the ‘Make in India’ initiative.
It provides sector and specific state inputs and other supports to investors throughout the entire investment cycle.

How many of the above statements is/are correct?

A. Only one

B. Only two

C. All Three

D. None

Answer: B

Explanation:

Statement 1 is incorrect:

●Invest India is the National Investment Promotion and Facilitation Agency of India, set up as a non-profit venture under the aegis of the Department of Industrial Policy & Promotion, Ministry of Commerce and Industry, Government of India.

Statement 2 is correct:

How does India help investors?

●It facilitates and empowers all investors under the ‘Make in India’ initiative to establish, operate and expand their businesses in India.

●Department for Internal Trade and Promotion of Industry conducts a regular review of the performance of the Invest India Programme.

●Its headquarters is located in New Delhi.

Statement 3 is correct:

Invest India offers a one-stop solution to global and domestic investors by handholding them throughout their journey from the day they start exploring India as an investment destination to the time of deployment of their investments and even beyond.

●It provides sector and specific state inputs and other supports to investors throughout the entire investment cycle.

●It provides tailor-made incentive offers and collates the information needed to optimise decision-making.

●It also mediates between the government and businesses and supports their future expansion plans.

●It helps investors in bringing them to market, or identifying, developing, and deploying technologies on the ground.