Invest India Business Immunity Platform
- The Invest India Business Immunity Platform (BIP) is working 24X7 as a comprehensive resource to help businesses and investors get real-time updates on India’s active response to COVID-19 (Coronavirus).
- Launched on 21st March, 2020, the BIP is the active platform for business issue redressal, with a team of dedicated sector experts who respond to queries at the earliest.
- This dynamic and constantly updating platform keeps a regular track on developments with respect to the virus, provides latest information on various central and state government initiatives, gives access to special provisions, and answers and resolves queries through emails and on WhatsApp.
- BIP has launched ‘Joining the Dots’ campaign to procure essential healthcare supplies.
- It is also facilitating matchmaking to fill the demand-supply shortages of essential equipment to combat COVID-19.
About Invest India
- Invest India was formed in 2009 under Section 25 of the Companies Act 1956 for promotion of foreign investment with 49% equity of the then Department of Industrial Policy and Promotion(now renamed as Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry and 51% shareholding by FICCI. The current shareholding pattern of Invest India is 51 % of Industry Associations (i.e. 17% each of FICCI, CII & NASSCOM) and the remaining 49% of Central and 19 State Governments.
- As the national investment promotion and facilitation agency, it focuses on sector-specific investor targeting and development of new partnerships to enable sustainable investments in India.
- It facilitates and empowers all investors under the ‘Make in India’ initiative to establish, operate and expand their businesses in India.
Projects Being Handled by Invest India
- Proactive Investor Targeting: Invest India identifies target companies across focus sectors from target markets looking to initiate investment into India or further expansion in India.
- Handholding Support: Invest India creates vital differentiation and an invaluable service offering of guidance, handholding, problem solving and facilitation for investors.
- Bilateral CEO Forums: Invest India takes up the responsibility of acting as the nodal point for investment related issues/ recommendations and help action investment specific resolutions raised at the CEOs Forums.
- Country – Sector Outreach: Invest India proactively contributes to national and regional policy development by planning Country/Sector interactions.
- Strategic Investment Research Unit: It shapes India’s investment landscape and drives a step change in the quality and quantity of FDI.
- Harnessing Information & Communication Technology for FDI: Invest India scales up use of technology for investment targeting and facilitation.
- Working with State Investment Promotion Agencies: It plays a central role in ensuring that FDI is on the agenda of all State agencies, State Governments and stakeholders.
- Startups: The Department for Promotion of Industry and Internal Trade with the help of Invest India aims to empower Startups to grow through innovation and design through this initiative.
- Accelerating Growth of New India’s Innovations (AGNIi): It aims to support the ongoing efforts to boost the innovation ecosystem in the country by connecting innovators across industry.
- India Investment Grid: It is an online platform to showcase investment opportunities in India to global investors. The platform is looked after by Invest India.
Source : Civil Services Chronicle Online, March, 2020