Home Business

Invest India wins UN award for excellence in promoting investments in sustainable development

The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, on Monday at the World Investment Forum, Geneva.

Published: 23rd October 2018 03:18 PM  |   Last Updated: 23rd October 2018 03:18 PM   |  A+A A-

United Nations

United Nations (File Photo| AP)

By PTI

GENEVA: Invest India, the country's investment promotion body, has won the UN Award for excellence in promoting investments in sustainable development.

The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, on Monday at the World Investment Forum, Geneva.

The event is being attended by more than 6000 participants, including more than 10 heads of state, and ministers from 50 countries.

Agencies from Bahrain, Lesotho and South Africa have also won top honours during the function.

The awards, organised by the United Nations Conference on Trade and Development (UNCTAD), honour investment promotion agencies (IPAs) and their governments for their achievements, but also showcase best practices in attracting investment into Sustainable Development Goals-related projects that can inspire investment promotion practitioners in developing and developed countries.

Invest India received the award for excellence in servicing and supporting a major global wind turbines company in the establishment of a blade manufacturing plant in India while committing to train local staff and produce 1 gigawatt of renewable energy, according to an official statement.

Implementation of the project is expected to reduce India's wind energy cost significantly, the judges said.

"A proud day for us! Invest India awarded as WINNER of the 2018 United Nations Award for excellence in promoting investments in sustainable development at the World Investment Forum Geneva," the agency tweeted.

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 organisations.

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.

Invest India is set up as a non-profit venture under the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India.

Now we are on Telegram too. Follow us for updates
TAGS
Invest India UN Award for excellence Sustainable Development

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp