The ‘Invest India’ initiative of the Union Government won the top United Nations Investment Promotion Award in recognition of its efforts to boost investments in the renewable energy sector in India.
The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, in Geneva, Switzerland at the inauguration of the World Investment Forum organised by the UN Convention on Trade and Development (UNCTAD).
Source- News 18
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- The Investment Promotion Awards, organised by UNCTAD, honours Investment Promotion Agencies and their governments for their achievements.
- The Awards have been given annually since 2002 as part of UNCTAD’s investment promotion and facilitation programme.