New Delhi, May 14 (KNN) Union Commerce and Industry Minister Piyush Goyal recently conducted a comprehensive review meeting to assess the performance of Invest India, the country’s national investment promotion agency.
In a statement shared on social media platform X, Minister Goyal emphasised that the focus of the meeting was on enhancing the organisation’s effectiveness and efficiency to attract greater investments into the country.
Key discussions during the review included strategies for strengthening investor engagement, empowering Micro, Small and Medium Enterprises (MSMEs), and accelerating growth in the manufacturing sector.
These areas align with the government’s broader economic objectives of positioning India as a manufacturing hub and fostering domestic industrial growth.
Invest India, established in 2009 as a not-for-profit company under the Department for Promotion of Industry and Internal Trade (DPIIT), operates through a unique partnership between central and state governments and industry associations.
The agency serves as the primary point of contact for both global and domestic investors interested in the Indian market.
The organisation provides comprehensive support throughout the investment lifecycle, from pre-investment advisory and facilitation to aftercare and expansion assistance, with particular emphasis on enabling manufacturing through the Make in India initiative.
Invest India concentrates on promoting investments in high-impact sectors including Electronics & Semiconductors, Renewable Energy, Electric Vehicles, Capital Goods, Textiles, Food & Agriculture, Pharmaceuticals, Chemicals & Critical Minerals, and Infrastructure.
The Union Government has been actively focusing on innovation in the manufacturing sector to transform India into a global manufacturing hub.
In recent policy developments, the government revised the Credit Guarantee Scheme for Start-ups (CGSS), doubling the maximum guarantee cover from Rs 10 crore to Rs 20 crore and increasing guarantee coverage to up to 85 percent for loans up to Rs 10 crore. Additionally, the Annual Guarantee Fee has been halved to 1 percent for the 27 champion sectors, effectively reducing borrowing costs.
The government is also intensifying its focus on the MSME sector, which has emerged as a highly vibrant and dynamic component of the Indian economy.
According to official data, the MSME sector encompasses more than 6.30 crore enterprises and provides employment to over 24.14 crore people.
The Central Government, in its Union Budget 2025, announced an increase in investment and turnover limits for the classification of MSMEs and introduced customised credit cards with a limit of Rs 5 lakh to further support the sector’s growth.
(KNN Bureau)
