Lessons in Investment Promotion : The Case of Invest India

Foreign direct investment (FDI) can contribute significantly towards India reaching its aspiration of 8 percent growth per annum. Prior to 2009, India did not have a national dedicated organization with a specific mandate to promote and facilitate...

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Main Authors:	Phillips, Joe, Heilbron, Armando, Kher, Priyanka
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	INVESTMENT PROMOTION CONFEDERATION OF INDIAN INDUSTRY FOREIGN INVESTMENT ADVISORY SERVICE FOREIGN DIRECT INVESTMENT
Online Access:	http://documents.worldbank.org/curated/en/979801625833848120/Lessons-in-Investment-Promotion-The-Case-of-Invest-India http://hdl.handle.net/10986/36024

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recordtype	oai_dc
spelling	okr-10986-360242021-07-28T05:10:44Z Lessons in Investment Promotion : The Case of Invest India Phillips, Joe Heilbron, Armando Kher, Priyanka INVESTMENT PROMOTION CONFEDERATION OF INDIAN INDUSTRY FOREIGN INVESTMENT ADVISORY SERVICE FOREIGN DIRECT INVESTMENT Foreign direct investment (FDI) can contribute significantly towards India reaching its aspiration of 8 percent growth per annum. Prior to 2009, India did not have a national dedicated organization with a specific mandate to promote and facilitate FDI. Invest India was then established, but it was not until 2015 that it was empowered to ramp up its investment promotion efforts, with the resources and reach to be fully active in the FDI marketplace. Invest India’s journey can be described against 9 critical success factors (CSFs) that chart how the agency responded to its challenges, to now deliver sustained success evidenced by facilitating USD 31 billion of FDI and direct creation of nearly 303,900 jobs. In part, Invest India has contributed to India’s stellar FDI performance in 2020, when the country reached another record of USD 64 million, against a global drop of 35 percent (UNCTAD 2021). While some challenges remain, Invest India’s journey provides valuable learnings for other investment promotion agencies (IPAs), which in the context of the Covid-19 crisis, will need to be in a period of review and reform. 2021-07-27T20:39:24Z 2021-07-27T20:39:24Z 2021-07-26 Brief http://documents.worldbank.org/curated/en/979801625833848120/Lessons-in-Investment-Promotion-The-Case-of-Invest-India http://hdl.handle.net/10986/36024 English Equitable Growth, Finance and Institutions Notes; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief South Asia India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	INVESTMENT PROMOTION CONFEDERATION OF INDIAN INDUSTRY FOREIGN INVESTMENT ADVISORY SERVICE FOREIGN DIRECT INVESTMENT
spellingShingle	INVESTMENT PROMOTION CONFEDERATION OF INDIAN INDUSTRY FOREIGN INVESTMENT ADVISORY SERVICE FOREIGN DIRECT INVESTMENT Phillips, Joe Heilbron, Armando Kher, Priyanka Lessons in Investment Promotion : The Case of Invest India
geographic_facet	South Asia India
relation	Equitable Growth, Finance and Institutions Notes;
description	Foreign direct investment (FDI) can contribute significantly towards India reaching its aspiration of 8 percent growth per annum. Prior to 2009, India did not have a national dedicated organization with a specific mandate to promote and facilitate FDI. Invest India was then established, but it was not until 2015 that it was empowered to ramp up its investment promotion efforts, with the resources and reach to be fully active in the FDI marketplace. Invest India’s journey can be described against 9 critical success factors (CSFs) that chart how the agency responded to its challenges, to now deliver sustained success evidenced by facilitating USD 31 billion of FDI and direct creation of nearly 303,900 jobs. In part, Invest India has contributed to India’s stellar FDI performance in 2020, when the country reached another record of USD 64 million, against a global drop of 35 percent (UNCTAD 2021). While some challenges remain, Invest India’s journey provides valuable learnings for other investment promotion agencies (IPAs), which in the context of the Covid-19 crisis, will need to be in a period of review and reform.
format	Brief
author	Phillips, Joe Heilbron, Armando Kher, Priyanka
author_facet	Phillips, Joe Heilbron, Armando Kher, Priyanka
author_sort	Phillips, Joe
title	Lessons in Investment Promotion : The Case of Invest India
title_short	Lessons in Investment Promotion : The Case of Invest India
title_full	Lessons in Investment Promotion : The Case of Invest India
title_fullStr	Lessons in Investment Promotion : The Case of Invest India
title_full_unstemmed	Lessons in Investment Promotion : The Case of Invest India
title_sort	lessons in investment promotion : the case of invest india
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/979801625833848120/Lessons-in-Investment-Promotion-The-Case-of-Invest-India http://hdl.handle.net/10986/36024
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Lessons in Investment Promotion : The Case of Invest India

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