What is Invest India?

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About Invest India:

It is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India.
It was set up as a non-profit venture under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India.
It facilitates and empowers all investors under the ‘Make in India’ initiative to establish, operate, and expand their businesses in India.
The agency aims at sector-specific investor targeting and development of partnerships, thereby channelising sustainable investments in the country.
It is also engaged in developing partnerships with investment promotion agencies and multilateral organisations.
Its domain and functional expertsprovide sector- and state-specific inputs and hand-holding support to investors through the entire investment cycle, from pre-investment and decision-making to after-care.
It provides multiple forms of support, such as market entry strategies, deep dive industry analysis, partner search and location assessment, and policy advocacy with decision makers.
Headquarters: New Delhi

Key Facts about National Start-up Advisory Council:

It was constituted by the DPIIT under the Union Ministry of Commerce and Industry.
Objective: To advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large-scale employment opportunities.
Composition:
- Chairman: Minister for Commerce & Industry.
- Ex-officio Members: Nominees of the concerned Ministries/Departments/Organisations not below the rank of Joint Secretary.
- Besides the ex-officio members, the council has non-official members,representing various stakeholders such as founders of successful startups and veterans who have grown and scaled companies in India.
It is a one of its kind congregations wherein the policy making process is driven as part of collaboration between all the key stakeholders of the startup ecosystem.
NSAC is playing an important role in identifying areas of intervention for the expansion of the startup ecosystem and ideating and nurturing national programs under the Startup India initiative.

Q1. What is the Startup India initiative?
Ans. Startup India is a flagship initiative of the Government of India, intended to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These programs are managed by a dedicated Startup India Team, which reports to The Department for Promotion of Industry and Internal Trade (DPIIT)

Source: Start-up India to move out of Invest India’s ambit: Goyal