Minister Piyush Goyal’s initiative aims to enhance investment opportunities and promote ease of doing business across India
June 5, 2023: New Delhi, India – In a bid to boost investment and facilitate economic growth in every corner of the country, Minister of Commerce and Industry, Piyush Goyal, has announced that Invest India, the national investment promotion and facilitation agency, will establish trade desks in every state.
The move aims to provide local support and assistance to businesses, promote ease of doing business, and attract both domestic and foreign investments.
Addressing a gathering of industry leaders, policymakers, and trade representatives, Minister Piyush Goyal highlighted the significance of these trade desks in driving economic development across India.
The desks will serve as dedicated platforms, offering information, guidance, and facilitation services to entrepreneurs, investors, and businesses at the state level.
Minister Goyal stated, “The establishment of trade desks in every state by Invest India marks a major step towards decentralizing investment promotion and facilitation.
This initiative will ensure that businesses in every corner of our diverse nation receive the necessary support and guidance to thrive.
We aim to create a business-friendly environment that encourages investments and enhances economic growth at the grassroots level.”
Invest India, under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), has been playing a pivotal role in promoting and facilitating investments in India.
The introduction of trade desks at the state level will further strengthen Invest India’s outreach and enable it to cater to the specific needs and opportunities in each state.
The trade desks will act as a single point of contact for investors, providing information about investment opportunities, regulatory frameworks, incentives, and infrastructure in their respective states.
They will also assist businesses in navigating through the various procedures, licenses, and clearances required to set up and operate in different regions.
By setting up trade desks in every state, Invest India aims to streamline the investment process, reduce bureaucratic hurdles, and enhance the ease of doing business.
The initiative is expected to foster a competitive investment ecosystem that promotes entrepreneurship, job creation, and sustainable economic development across the country.
Minister Goyal further emphasized the role of technology in driving this initiative. He stated that the trade desks would leverage digital platforms and advanced technologies to provide efficient and transparent services to investors.
The utilization of technology will enable seamless coordination between the trade desks and central government agencies, ensuring a smooth investment experience for businesses.
The announcement of trade desks in every state by Invest India has been widely appreciated by industry leaders and business communities.
It is viewed as a significant step towards enhancing India’s attractiveness as an investment destination and improving the ease of doing business.
As the initiative unfolds, Invest India will work closely with state governments and stakeholders to establish the trade desks and equip them with the necessary resources.
The agency aims to create a collaborative ecosystem that brings together the central government, state governments, businesses, and investors to drive sustainable economic growth and realize India’s vision of becoming a global investment hub.
The establishment of trade desks in every state is poised to bolster investment opportunities, empower local businesses, and accelerate India’s journey towards becoming a $5 trillion economy.
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