Invest India

Manmeet K Nanda appointed new managing director & CEO of Invest India

The board of Invest India has appointed Manmeet K Nanda as the Managing Director and Chief Executive Officer of the investment promotion and facilitation body under the commerce ministry. Nanda succeeds Deepak Bagla, who resigned from the post last week. In its meeting held on Monday, the board approved the appointment of Nanda, an IAS officer of the West Bengal Cadre of 2000 Batch, as the new MD and CEO, the Commerce Ministry said in a statement on Tuesday. Further, the board "appreciates Deepak Bagla for his exceptional leadership and commitment in establishing Invest India, a shining example of the government's unique experiment, as the world's most awarded Investment Promotion Agency, in a short span of eight years," the ministry said.

Deepak Bagla resigns as managing director and CEO of Invest India

Bagla was at the helm of Invest India since 2015. Earlier, he had stints at World Bank, Citibank, and private equity firm 3i Group

Uttar Pradesh delegation to visit US to attract investments for 'Invest UP'

The delegation will be interacting with the Indian diaspora on Dec 12 in New York. It will be followed by an Investor Showcase for the 'Uttar Pradesh Global Investor Summit 2023', on Dec13

Inflows to MF SIPs cross Rs 13K crore in October for the first time

Yet net investments in active equity schemes slump 33% in same month, shows Amfi data

HDFC Capital Advisors-backed property tech program gets 400 proposals

HDFC Capital Advisors, a subsidiary of mortgage lender HDFC, has raised over Rs 500 crore through global investors

DHL Supply Chain to invest 500-mn Euro in India over next 5 years

Contract logistics provider DHL Supply Chain will invest 500-million Euro (around Rs 4,000 crore) in India over the next five years to expand its warehousing capacity, workforce and sustainability initiatives. With this expansion, DHL Supply Chain will add 12 million sq ft of warehousing space in its existing portfolio to take its total capacity to about 22-million sq ft by 2026, the company said in a statement on Wednesday. The company will add this 12-million square feet of capacity in wholly-owned DHL multi-client sites in key metro cities such as Bangalore, Chennai, Kolkata, Mumbai, NCR and Pune, to cater to growing sectors such as e-commerce, retail, consumer, manufacturing as well as automotive. Moreover, multi-client sites are being built in the fast-growing state capitals and tier-2 cities such as Baddi, Cochin, Coimbatore, Guwahati, Sanand, Indore, Lucknow, Bhubaneshwar, Hosur, and Visakhapatnam, among others. It also plans to double its workforce in India to around 25,000

Centre proposes stricter valuation rules for overseas direct investments

New rules will be effective from Monday

Adani, Ambani make Rs 1.68 trn investment pledge in Rajasthan: Report

Under the 'Invest Rajasthan' outreach programme, Rajasthan received the biggest investment pledges from Gautam Adani-led Adani Group and the Mukesh Ambani-chaired Reliance Industries Ltd

Single bid for BPCL wouldn't have helped fetch a better price: DIPAM Secy

Tuhin Pandey says LIC investors should be patient and look at the insurer's long-term prospects

Chart check: ITC could jump 40% on fresh breakouts, may hit Rs 400-mark

Though ITC is 40 points short from its all-time high of Rs 315.25-mark, the present scenario on the daily and weekly charts point to a strong up move

ITC, Invest India join hands to find substitution for single-use plastic

ITC Ltd said it has collaborated with Invest India to crowdsource innovative ideas for single-use plastic substitution and automate waste segregation.

Airtel, Invest India join hands to launch 'Startup Innovation Challenge'

Bharti Airtel on Thursday launched 'Airtel India Startup Innovation Challenge' in partnership with Invest India that will let early-stage technology companies demonstrate differentiated solutions.

UN award proof of focus on making India favoured investment destination: PM

Prime Minister Narendra Modi on Tuesday congratulated Invest India, an investment promotion and facilitation agency of the Union government, for winning the '2020 United Nations Investment Promotion Award'. The award is a testimony to our government's focus on making India the world's preferred investment destination and improving ease of doing business, Modi said in a tweet. The United Nations Conference on Trade and Development (UNCTAD) declared 'Invest India' as winner of the United Nations Investment Promotion Award 2020. The award ceremony took place on Monday at the UNCTAD headquarters in Geneva. The award recognises and celebrates the outstanding achievements of the world's investment promotion agencies. "Congratulations to @investindia for winning the 2020 United Nations Investment Promotion Award given by @UNCTAD. This is a testimony to our government's focus on making India the world's preferred investment destination & improving ease of doing business," Modi said. The .

'India least expensive for investors', MF advisors refute Morningstar claim

Last week, Morningstar's study said that India's overall ranking on fees and expense had improved on the back of the regulatory changes

Invest India wins top UN award for promoting renewable energy investment

The other winners of the award were Bahrain Economic Development Board and the Lesotho National Development Corp