Consider the following statements about 39 Invest India 39 ndash 1 It is a proa...........

Economic Affairs Foreign Investment

Consider the following statements about 'Invest India' –

1. It is a proactive agency aiming at improving foreign investment in India by seeking services to potential investors from overseas.

2. It plays a dual role of being an interface of the government and an adviser to the investors.

Which of the statement given above is / are correct?

1 only

2 only

Both 1 & 2

Neither 1 nor 2

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Explanation:

‘Invest India’ is India’s official agency dedicated to investment promotion and facilitation. It is a not-for-profit, single window facilitator, set up in 2010 for prospective overseas investors and to those aspiring Indian investors desiring to invest in foreign locations, and acts as a structured mechanism to attract investment. Invest India is essentially an Investment Promotion Agency in India