Invest India

Context:

Commerce and Industry announced that theCentre’s Start-up India initiative will be moved out of the aegis of the official investment promotion and facilitation agency Invest India, to a new non-profit company that could also house the National Start-up Advisory Council.

Union Commerce and Industry Minister inauguratedInvest India’s new office in Singapore.

Invest India

• Invest India is theNational Investment Promotion and Facilitation Agency of India,set up as anon-profit venture under the aegis of the Department of Industrial Policy & Promotion, Ministry of Commerce and Industry, Government of India.
• It facilitates and empowers all investors under the ‘Make in India’ initiative to establish, operate and expand their businesses in India.
• Department for Internal Trade and Promotion of Industry conducts a regular review of the performance of the Invest India Programme.
• Its headquarters is located in New Delhi.

How does India help investors?

• Invest India offers aone-stop solution to global and domestic investors by handholding them throughout their journey from the day they start exploring India as an investment destinationto the time of deployment of their investments and even beyond.
• It providessector and specific state inputs and other supports to investorsthroughout the entire investment cycle.
• It providestailor-made incentive offersand collates the information needed to optimise decision-making.
• It also mediates between the government and businesses, and supports in their future expansion plans,
• It helps investors in bringing them to market, or identifying, developing, and deploying technologies on the ground.

Other Services Offered

Business Planning & Advisory

• Policy and incentives advisory
• Market entry strategy
• Expansion advisory

Strategy & Implementation

• Market entry strategy
• JV and strategic partner search
• License and compliance advisory

Long-Term Partnership

• Expansion advisory
• Policy impact analysis
• Facilitation

Bharat Start-up Knowledge Access Registry (BHASKAR)

●Bharat Start-up Knowledge Access Registry (BHASKAR) is adigital platform for networking, knowledge and resource sharing between startupsunder the Startup India program.

●It is a platform designed to centralize, streamline, and enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies.

National Start-up Advisory Council:

• It wasconstituted by the DPIITunder the Union Ministry of Commerce and Industry.
• Objective: Toadvise the Governmenton measures needed to build a strong ecosystemfor nurturing innovation and startupsin the country to drive sustainable economic growth and generate large-scale employment opportunities.
• Composition:
• Chairman: Minister for Commerce & Industry.
• Ex-officio Members:Nominees of the concerned Ministries/Departments/Organisations not below the rank of Joint Secretary.
• Besides the ex-officio members, the council hasnon-official members,representingvarious stakeholders such asfounders of successful startupsandveteranswho have grown and scaled companies in India.
• It is a one of its kind congregations wherein the policy making process is driven as part of collaboration between all the key stakeholders of the startup ecosystem.
• NSAC is playing an important role inidentifying areas of interventionfor the expansion of the startup ecosystem and ideating andnurturing national programs under the Startup India initiative.