Manmeet K Nanda has been appointed as the new Managing Director and Chief Executive Officer of Invest India, a prestigious organization. The Ministry of Commerce and Industry has released a statement announcing the approval of Nanda’s appointment by Invest India’s board, following Deepak Bagla’s decision to step down. Nanda was previously serving as the Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT). Bagla resigned from his post last week, leading to the need for a new MD and CEO at Invest India.
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The Commerce Ministry stated that the board has given approval for the appointment of Manmeet K Nanda as the new MD and CEO of Invest India. Nanda is an Indian Administrative Service (IAS) officer from the West Bengal Cadre of the 2000 Batch. The statement comes after Deepak Bagla’s resignation from the post of MD and CEO at Invest India, citing “personal reasons.”
Invest India is a non-profit organization that serves as the national investment promotion and facilitation agency of India. It was established in 2009 under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India. The primary objective of Invest India is to promote and facilitate investment in the country by providing comprehensive support to investors and resolving issues related to investment activities. The organization works closely with state governments, industry associations, and other stakeholders to enhance the ease of doing business in India and attract both domestic and foreign investment. Invest India also acts as a single point of contact for investors, providing information on investment opportunities, policies, and regulations, as well as facilitating investments by assisting with project planning, implementation, and aftercare services.
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