- Invest India, the country’s investment promotion body, has won the United Nations (UN) Award for excellence in promoting investments in sustainable development.
- It has been awarded for excellence in servicing and supporting major global wind turbines company in establishment of blade manufacturing plant in India.
- The award was presented by Armenian President Armen Sarkissian to CEO of Invest India Deepak Bagla at the World Investment Forum, Geneva.
- Other winners of the award were:
- Bahrain Economic Development Board
- Lesotho National Development Corporation and
- South Africa (Invest South Africa)
UN Investment Promotion Award
- The awards are given annually by United Nations Conference on Trade and Development (UNCTAD).
- It has been awarded since 2002 as part of its investment promotion and facilitation programme.
- It honours Investment Promotion Agencies (IPAs) and their governments for their achievements.
- The 2017 winners were Ethiopian Investment Commission, COFIDES of Spain, and Board of Investment of Mauritius.