Invest India acts as a point of reference for potential investors and facilitates investments for initiatives such as Make in India and Startup India. Set up in 2009 as a non-profit venture under the then Department of Industrial Policy and Promotion, it provides end-to-end support and is a one-stop solution for both domestic and foreign investors. Acting as a bridge between investors and the government, 51% of Invest India’s shares are held by industry associations (17% each by Ficci, CII and Nasscom) and the remaining 49% is with the Centre and state governments. It has facilitated projects such as an apparel manufacturing facility by Singapore’s Ramatex in Tamil Nadu and a copper tube manufacturing facility by Malaysia’s Mettube in Gujarat. In fact, over the last fiscal alone, Invest India has facilitated the entry of investors with plans to invest upwards of $1.27 billion.
Nivruti Rai, MD & CEO of Invest India, knows how India Inc. works and what investors want. Rai, 56, worked for 29 years at Intel, of which she spent seven years as Intel India Country Head. It has been a year for Rai at the helm at Invest India and she has used that time to understand how investors view India, and she has taken measures to address their concerns.
In an interview with Business Today’s Surabhi, she speaks about the PLI scheme and why it’s important to boost manufacturing, India’s semiconductor manufacturing plans, and the future of AI. Edited excerpts:
Q: It has been a year since you took over. How has the journey been? What are your priorities?
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky
