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Jaypee University of Information Technology

Invest India bags 2020 UNCTAD Award

Shimla, Dec. 7 – Chief Minister Jai Ram Thakur has congratulated Prime Minister Narendra Modi for Invest India, the Investment Promotion Agency of the Government of India, bagging the 2020 United Nations Investment Promotion Award of the United Nations (UNCTAD). He said that the Award recognizes and celebrates the outstanding achievements of the World’s best-practice investment promotion agencies. Evaluation was based on UNCTAD’s assessment of work undertaken by 180 national Investment Promotion Agencies across the world.

Chief Minister said that award was a testimony to the Prime Minister’s vision of making India a preferred investment destination with a focus on both Ease of Living and Ease of Doing Business. It also bears proof to his focus on bringing excellence within the Government, he added.

Jai Ram Thakur said that award also recognizes Indian Government’s effective management of the COVID pandemic. He said that the COVID-19 pandemic had generated important challenges for investment promotion agencies (IPAs) forcing them to shift focus from routine investment  promotion and facilitation towards crisis management.

Jai Ram Thakur said that this United Nations Investment Promotion Award was the highest-level award for investment promotion agencies. He said that UNCTAD is the central agency which monitors performance of investment promotion agencies and identifies global best practices. Germany, S. Korea, Singapore have been some of the past winners of the award.

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