The Government of India is planning to create a not for profit company Invest India in order to promote Foreign Direct Investments(FDI) into the country.
The proposed company will be a joint venture between the Government of India, Federation of Indian Chambers of Commerce and Industry (FICCI) and the State Governments.
Invest India will be responsible for promoting foreign investments into the country and will assist the Government in its efforts towards projecting India as an attractive investment destination for foreign investors, facilitating them in identifying and realizing investment opportunities in India.
Under this point of view, the company will act as the first reference point for investors interested in India and will support them in setting up businesses within the country.
The company will assist the Department of Industrial Policy and Promotion(DIPP) and other ministries and departments in investment promotion projects and events.