National Update : Govt focused on making India world’s preferred investment destination-Modi

New Delhi, Dec 8 : Prime Minister Narendra Modi on Tuesday said his government is focused on making India the world’s preferred investment destination.

He congratulated Invest India for winning the 2020 UN Investment Promotion Award of the UNCTAD, the UN trade and development agency, and said in a tweet that the government is also focusing on improving the ease of doing business.

The award, Modi said, is “a testimony to our government’s focus on making India the world’s preferred investment destination & improving ease of doing business.”

Invest India is the National Investment Promotion and Facilitation Agency of India. It acts as the first point of reference for investors in India.

The non-profit venture was set up in 2009 under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.

The award was bestowed on Invest India in ceremony on Monday at UNCTAD headquarters in Geneva.

It celebrates the achievements of the world’s best-practice investment promotion agencies.

UNCTAD highlighted good practices followed by Invest India, such as the Business Immunity Platform, Exclusive Investment Forum webinar series, its social media engagement and focus COVID-19 response teams like business reconstruction, stakeholder outreach and supplier outreach, created as a response to the pandemic.

A “proud moment for the country,” said Commerce and Industry Minister Piyush Goyal in a tweet, adding that the award is a “testament” to PM Modi’s vision of Aatmanirbhar Bharat and making India a preferred investment destination.

UNI

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