In order to further strengthen efforts to promote domestic investments, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry is in the process of finalizing a dedicated digital portal “Atmanirbhar Niveshak Mitra” for handholding and facilitation, information dissemination, and facilitation of domestic investors. The portal is in the testing phase and the final version will be ready for launch by 15th May 2021. The webpage will also be available in regional languages and mobile App in due course.
The portal will have a dedicated digital investment promotion and facilitation team at Invest India which will facilitate domestic investors to directly connect or request meetings with the Invest India experts and discuss their specific investment/ doing business-related matters. It will digitally support investors throughout their doing business journey in India and help them get all the information starting from finding an investment opportunity to exploring incentives & taxes applicable to their businesses, information and assistance for doing business in India, sources of funding, information on raw material availability, training, management requirement, and tender information. This is one of the most significant digital initiatives being undertaken to target the specific investor interests and ensure swift clearances & approvals throughout their doing business journey.
This Project is under the “Invest India” agency which was set up in 2009 as a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.
As of 04th March 2021, Invest India investment specialists have facilitated 2,34,399 business requests from domestic companies. Facilitation of domestic investors is a key focussed area in Invest India, and this includes all investors. Currently, several domestic companies have a dedicated relationship manager and are under active facilitation with indicative investments of INR 31,725 crores and actual investments of INR 9,375 crores generating potential indicative employment of 77,213.
As far as Global Investors support is concerned, Invest India has facilitated 29,812 global business requests from 162 countries. The team has been working with 1,384 companies out of which dedicated RMs have been assigned to 601 facilitation cases. Total indicated investments from global companies is USD 153.7 Billion out of which USD 28.75 Billion are actual investments. The companies have indicated 29,91,626 employment and have given actual employment to 3,38,685 as of 04th March 2021. Invest India has been acknowledged by UNCTAD for providing gold quality service to investors.
As the national investment promotion and facilitation agency, “Invest India” focuses on sector-specific investor targeting and development of new partnerships to enable sustainable investments in India. In addition to a core team that focuses on sustainable investments, Invest India also partners with substantial investment promotion agencies and multilateral organizations. Invest India also actively works with several Indian states to build capacity as well as bring in global best practices in investment targeting, promotion and facilitation areas.
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