Union Commerce and Industry Minister Piyush Goyal inaugurated Invest India’s new office in Singapore. The office will serve as a dedicated point of contact for companies from the region looking to invest in India, fostering collaboration across sectors.
What is Invest India?
- Invest India is the National Investment Promotion and Facilitation Agency of India,established as anon-profit initiativeunder theDepartment for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry,Government of India.
- Aspart of the “Make in India” campaign, Invest India enables and supports investors in launching, operating, and expanding their businesses in India.
- Invest India servesas a one-stop center created to attract and retain high- quality investmentsin the country.
It offers investors,
- Comprehensive facilitation services,
- Strategic business advisory,
- Policy guidance,
- Location assessment,
- Issue resolution, and
- Expansion support.
Expectations
- This significant movereinforces India’s commitment to deepening investmentpart partnerships andmaking it easier for global investorsto engage with India.
- The Singapore officewill serve as a dedicated point of contact for companiesfrom theregion looking to invest in India,fostering collaboration across sectors
Significance
- It willprovide comprehensive support to Singaporean Investorsin various areas.
- ReinforcesIndia’s commitment to deepening investment partnershipsandmaking it easier for global investors to engage with India.
Remarks By Union Minister
- Singapore is a key strategic partner for India, and this office marks a new chapter in our effortsto strengthen economic cooperation with Singaporeand the broaderASEAN (Association of Southeast Asian Nations) region.
- We planto open more overseas Invest India officesin the coming months, aiming to provide global investorswith seamless access to India’s dynamic and growing economy.
