As WAIPA President, Invest India shall be guided by Prime Minister Modi’s vision of Vasudaiva Kutumbakam to promote prosperity for all through sustainable investment.
Invest India has been unanimously elected as the President of the World Association of Investment Promotion Agencies (WAIPA) for 2021-2023.
Prime Minister Narendra Modi’s untiring efforts at building institutions of excellence has led to Invest India achieving this seminal honour, and it underlines the absolute faith and trust of the global community in the leadership of Prime Minister Modi.
Guided by Prime Minister Modi’s vision, India has made consistent efforts at implementing pioneering economic reforms welcoming business which has resulted in Invest India currently facilitating more than USD 155 Bn in indicative investment potentially creating over 3 Mn jobs. Invest India’s WAIPA presidency is a global acknowledgment of these exceptional efforts.
Invest India, a young ‘start-up’ within the Government of India, is now globally acknowledged as the gold standard among global IPAs.
The Steering Committee for 2021-23 includes the President, two Vice Presidents – Egypt and Switzerland, and nine Regional Directors, Brazil, South Korea, Finland, Kuwait, Costa Rica, Cyprus, Azerbaijan, Ghana, and Samoa.
Past presidents include Sweden, Brazil, Turkey, and the United Arab Emirates (UAE).
WAIPA is the primary nodal global agency for Investment Promotion Agencies, representing 105 countries, and is a premier global platform for investment and trade. Established in 1995 under the auspices of the UNCTAD, to promote the role of Investment Promotion Agencies, IPAs, in enhancing economic development and FDI. The headquarters is in Geneva, Switzerland.
WAIPA council members are United Nations organisations including the UNCTAD, WTO, ILO, UNIDO, the World Bank, the International Chamber of Commerce (ICC), the OECD and the International Economic Development Council (IEDC).
As WAIPA President, Invest India shall be guided by Prime Minister Modi’s vision of Vasudaiva Kutumbakam (‘the whole world is my family’ in Sanskrit) to promote prosperity for all through sustainable investment.
Source: Business World