Which of the following statements about 'Invest India' is are correct? 1. It is a joint venture (not·for profit) company. 2. It is the National Investment Promotion and Facilitation Agency of India. Select the correct answer using the code given below:
Both 1 and 2
Let's break down the statements about 'Invest India' to determine their correctness. Invest India is a key organization in India's effort to attract and facilitate investment.
We will examine each statement individually.
The first statement claims that 'Invest India' is a joint venture (not-for-profit) company. To verify this, we need to understand its structure and legal status.
Based on its registration as a Section 8 company and its public-private ownership structure, the description of Invest India as a "joint venture (not-for-profit) company" appears to be accurate.
The second statement identifies 'Invest India' as the National Investment Promotion and Facilitation Agency of India. This is its primary mandate and widely recognized role.
Therefore, the statement that Invest India is the National Investment Promotion and Facilitation Agency of India is correct.
Based on the analysis of both statements:
Since both statements are correct, the option that states "Both 1 and 2" is the correct answer.
| Statement | Analysis | Correctness |
|---|---|---|
| 1. It is a joint venture (not-for-profit) company. | Registered under Section 8 (not-for-profit). Public-private shareholding structure. | Correct |
| 2. It is the National Investment Promotion and Facilitation Agency of India. | Primary mandate and function as the official agency. | Correct |
Thus, both statements accurately describe Invest India.
| Feature | Description |
|---|---|
| Nature | Not-for-profit company (Section 8) |
| Structure | Joint Venture/Public-Private Partnership |
| Primary Role | National Investment Promotion and Facilitation Agency |
| Shareholding | DPIIT (51%), States & Industry (49%) |
Invest India plays a crucial role in improving India's ease of doing business rankings and attracting foreign direct investment (FDI). Its functions include:
The agency works across various sectors, including manufacturing, services, and infrastructure, to promote investment and economic growth in India.
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