Govt nod for new agency to promote foreign investments in India

The government on Thursday approved
formation of an investment promotion firm, where it will
partner the states and industry, to help attract foreign
investors and provide them a hassle-free entry.

Govt sets up `Invest India` JV to attract foreign investments

Faced with declining FDI, the government on Thursday decided to set
up a joint venture company, Invest India, to attract overseas
funds during the remaining period of the Eleventh Five Year
Plan (2007-12).