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...
| Main Authors: | , , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/979801625833848120/Lessons-in-Investment-Promotion-The-Case-of-Invest-India http://hdl.handle.net/10986/36024 |
| Summary: | 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. |
|---|