Odisha, Invest India signed agreement to promote start-ups

Odisha Government and Invest India on 1 March 2017 signed an agreement to promote start-ups and MSME sector of the state. The agreement was signed with an aim to help the start-ups and MSME sector to gain access to best practices of the world.

As per reports, Odisha became the first state to sign MoU with Invest India for working on startups. Invest India is a National Investment Promotion and Facilitation Agency of the Union ministry of commerce and industries.

On behalf of the Odisha government, micro, small and medium enterprises (MSME) secretary LN Gupta and managing director of Invest India Deepak Bagla signed the deal to take forward the Odisha Startup and MSME initiatives.

Speaking on the occasion, Naveen Patnaik, the Chief Minister of Odisha, said Startup Odisha Initiative and Startup India Hub run by the Invest India will help in achieving the Mission-1000 startups by the year 2020. The mission will help the youth in realising their dreams.

On this occasion of the signing of the agreement, a toll-free start-up helpline, 1800-345-7100, was also launched.

Notably, Prime Minister’s initiative Start-up India has the objective of making India a country of job creators. The vision is to make India the No. 1 start-up nation in the world.

Invest India
Invest India, which is the official investment promotion and facilitation agency of India, is mandated to facilitate investments into India. In short, the agency is the first point of reference for potential investors. They provide sector and state-specific inputs and other supports to investors through entire investment cycle. Support offered by Invest India team to the investor includes

• Location identification

• Expediting regulatory approvals

• Facilitating meetings with relevant government and corporate officials

• IT also facilitates the investors in other services like the initiation of remedial actions to the problems that are faced by the investors.

All efforts like hand-holding and facilitation support are made by Invest India under the Make in India programme.