The government has established ldquo Invest India rdquo as the National Investment Promotion and Fac...........

Economic Affairs Foreign Investment

The government has established “Invest India” as the National Investment Promotion and Facilitation Agency, as a joint venture between which of the following;

Department of Industrial Policy and Promotion (DIPP)
Federation of Indian Chamber of Commerce and Industry (FICCI)
Ministry of finance
state governments
RBI

Select the answer based on following codes:

1 and 4 only

1, 2 and 3 only

1,2 and 4 only

1,2,3,4 and 5

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Explanation:

The government has established “Invest India” as the National Investment Promotion and Facilitation Agency, as a joint venture between the Department of Industrial Policy and Promotion (DIPP), state governments and the Federation of Indian Chamber of Commerce and Industry (FICCI). A full-fledged “Investment Facilitation Cell” has been set-up in ‘Invest India’, which supports all investment queries apart from handholding and liaisoning with various agencies on behalf of potential investors.
To further Government of India’s ‘Make in India’ vision of increasing investments, Department of Industrial Policy andamp; Promotion has provided project-based funding support to Invest India to enable the company operate as a full-fl edged investment promotion agency. Invest India acts as a facilitation arm for the Government of India for two of its key initiatives - “Make in India” and “Startup”.
Invest India provides complete end-to-end facilitation support to companies looking at investing in India by working very closely with the relevant stakeholders in the Government of India, Industry Associations, Private companies and Indian Embassies abroad.