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Invest India Conference in Canada
Why is it in news?
- Prime Minister Modi delivered a keynote address at the Invest India Conference in Canada.
- The conference was organised to strengthen business ties between India and Canada.
Details:
- Prime Minister invited Canadian investors to invest in India.
- Prime Minister gave references of his government's latest labour, education and agriculture reforms, saying they will make doing business in India easier.
About Invest India:
- It was set up in 2009 as a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.
- The core mandate of Invest India is investment promotion and facilitation.
- It provides sector-specific and state-specific information to a foreign investor, assists in expediting regulatory approvals, and offers hand-holding services.
- Invest India is a joint venture company between Ministry of Commerce & Industry, Federation of Indian Chambers of Commerce and Industry (FICCI) and State Governments of India.
- Majority of stakes in Invest India is held by FICCI.