In a boost to Prime Minister Narendra Modi’s “Make in India” campaign, Invest India on Friday announced the setting up of a dedicated investor facilitation cell (IFC) at industry chamber Ficci. It will be the first point of reference for foreign investors and act as the primary support for all queries and provide handholding and liaisoning services.
The queries can now be addressed to and their responses accessed from the makeinindia.com website that was unveiled along with the campaign at a star-studded event on Thursday.
Invest India is a not-for-profit joint venture between the Department of Industrial Policy and Promotion, commerce ministry, state governments and Federation of
Indian Chambers of Commerce & Industry (Ficci).
IFC will function as a dedicated investment promotion agency (IPA) for attracting funds into the country in a structured manner. Nodal offices in economic ministries and state governments have been set up to support the IFC.
The team will have eight facilitators.
The IFC will provide all information/data analysis to investors across sectors; follow-up information/approvals from all departments/government agencies on behalf investors. It will also receive investors and provide them facilitation and handholding from the point of arrival to the point of departure.
The cell will interact with all states in a hub and spoke model and feeding the investors with state policies relating to land/labour/capital and investment.
IFC will also maintain a dynamic vibrant web-portal with all the policies and incentives of state governments and help fix meetings of investors with different departments and government agencies.
Modi’s “Make in India” campaign aims to put India prominently on the global manufacturing map and facilitate the inflow of new technology and capital, while creating millions of jobs.