Invest India Current Affairs - 2020

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Rising Himachal Global Investors’ Meet 2019

The State Government of Himachal Pradesh is organizing Rising Himachal Global Investors’ Meet 2019, a flagship business event, at Dharamshala on 7 -8 November 2019. The event will be attended by diplomats, leaders from senior policy makers, corporate sector development agencies and investors from across the globe. The event will also be attended by Union Commerce and Industry and Railway Minister, Piyush Goyal, who will highlight about government investment and policies for promoting investment in Himachal Pradesh and hill states of India.

About Rising Himachal Global Investors’ Meet 2019

The Global Meet will showcase investment opportunities and policy & regulatory environment in 8 focus sectors for boosting manufacturing and employment generation in Himalayan State. These 8 focus sectors include- (1) agri-business and post-harvest technology, (2) housing and urban development, (3) manufacturing and pharmaceuticals, (4) civil aviation, hydro and renewable energy, (5) wellness, tourism and hospitality, (6) healthcare and AYUSH, (7)  IT-ITeS and electronics, (8) education and skill development.

The Rising Himachal Summit is promoted by Invest India, the National Investment Promotion and Facilitation Agency through the India Investment Grid (IIG), a Union government’s initiative to showcase investment opportunities across states and sectors in India on a single interactive platform. Invest India under the Union Ministry of Commerce and Industry, helps investors looking for options and investment opportunities in India.

During the two days Global Investors’ Meet there will also be a session on ‘Growing economic ties between Invest India and United Arab Emirates (UAE)’.

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Startup India-WhatsApp Grand Challenge

The Facebook-owned messaging app WhatsApp has announced Startup India-WhatsApp Grand Challenge to encourage entrepreneurs and small businesses in India.

About the challenge

The challenge is being hosted in association with Invest India. The top 5 winners would receive a cash prize worth $250,000 (roughly Rs. 1.8 crores).

The challenge is aimed at encouraging the entrepreneurs who have innovative ideas, business models that solve for a local India problem, making a large scale socio-economic impact.

The themes for this Start-up challenge are healthcare, rural economy, financial and digital inclusion, education and citizen safety.

The applications will be evaluated by an independent evaluation committee and out of which the best 30 ideas will be shortlisted for the subsequent round and further 10 in the following round.

The selected 10 ideas would participate at the live pitch day during the grand finale and the top 5 would be awarded grants worth $250,000 (roughly Rs. 1.8 crores).

Invest India

Invest India is a not for profit entity established under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry in 2009.

It is a national investment promotion and facilitation agency focussing on sector-specific investor targeting and development of new partnerships to enable sustainable investments in India.

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