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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 7^th 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