The United Nations Conference on Trade and Development (UNCTAD) has declared 'Invest India' as winner of the 2020 United Nations Investment Promotion Award. The award ceremony took place at UNCTAD Headquarters in Geneva yesterday. The Award recognises and celebrates the outstanding achievements of the World’s best-practice investment promotion agencies. The evaluation was based on UNCTAD’s assessment of work undertaken by 180 national Investment Promotion Agencies across the world.
Prime Minister Narendra Modi on Tuesday congratulated Invest India for winning the 2020 United Nation's Investment Promotion Award.
"Congratulations to Invest India for winning the 2020 United Nations Investment Promotion Award given by UNCTAD. This is a testimony to our government's focus on making India the world's preferred investment destination & improving ease of doing business," PM Modi tweeted.
In March 2020, UNCTAD constituted a team to monitor IPAs response to the pandemic. UNCTAD reported best practices from investment promotion agencies in the IPA Observer publications in April and July. IPAs response to the pandemic became the basis for the evaluation of the 2020 United Nations Investment Promotion Award.
"Invest India" is the National Investment Promotion and Facilitation Agency of India and act as the first point of reference for investors in India. It is a non-profit venture set up under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.