Which of the following statements about 'Invest India' is/are correct?

Which of the following statements about ‘Invest India’ is/are correct?

1. It is a joint venture (not for profit) company.
2. It is the National Investment Promotion and Facilitation Agency of India.

Select the correct answer using the code given below:

[amp_mcq option1=”1 only” option2=”2 only” option3=”Both 1 and 2″ option4=”Neither 1 nor 2″ correct=”option3″]

This question was previously asked in

UPSC CDS-2 – 2019

Both statements 1 and 2 are correct.

Invest India is the National Investment Promotion and Facilitation Agency of India. It is structured as a not-for-profit company under Section 8 of the Companies Act, 2013. It is indeed a joint venture, with stakeholders from government (Department for Promotion of Industry and Internal Trade – DPIIT), industry associations (FICCI, CII, ASSOCHAM), and State Governments.

Invest India assists investors looking to set up, operate, and expand their businesses in India. It offers sector-specific intelligence, policy analysis, location identification, and hand-holding support to domestic and foreign investors.

More similar MCQ questions for Exam preparation:-