Learn bits
Awards
Admin

08/12/20 10:20 AM IST

Investment Promotion Award 2020

In news

The United Nations (UNCTAD) has declared Invest India- the National Investment Promotion Agency of India- as a winner of the 2020 United Nations Investment Promotion Award.

Highlights

  • The award ceremony took place on 7th December 2020 at UNCTAD Headquarters in Geneva.
  • The award recognizes and celebrates the outstanding achievements and best practices ofInvestment Promotion Agencies (IPAs) across the globe.
  • The evaluation was based on UNCTAD’s assessment of work undertaken by 180 Investment Promotion Agencies.
  • This United Nations Investment Promotion Award is the most coveted award for Investment Promotion Agencies.
  • UNCTAD is acentral agency that monitors performance of IPAs and identifies global best practices.
Germany, South Korea and Singapore have been some of the past winners of the award.

Invest India
  • As the national investment promotion and facilitation agency, Invest India focuses on sector-specific investor targeting and development of new partnerships to enable sustainable investments in India.
  • In addition to a core team that focuses on sustainable investments, Invest India also partners with substantial investment promotion agencies and multilateral organizations.
  • Invest India also actively works with several Indian states to build capacity as well as bring in global best practices in investment targeting, promotion and facilitation areas.
  • Invest India, set up in 2009, is a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.

Source: PIB




More Related Current Affairs View All

15 Jan

Meta shutting down fact-checkers

'Meta CEO Mark Zuckerberg said the company will get rid of fact-checkers and simplify content policies by removing restrictions on topics as it is “out of touch with mainstre

Read More

15 Jan

Mission Mausam

'Prime Minister Narendra Modi launched  ‘Mission Mausam’, a groundbreaking initiative aimed at making India a weather-ready and climate-smart nation, as part of th

Read More

15 Jan

Mahakumbh First Amrit Snan

'January 14 was the first amrit snan or shahi snan at the Mahakumbh underway in Prayagraj.' Shri Panchayati Akhara Mahanirvani and Shri Shambhu Panchayati Atal Akhara were the f

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps