Odisha government, Invest India signs agreement to promote startups
Q. Which state government signed an agreement with Invest India on March 1, 2017?- Published on 03 Mar 17a. Bihar
b. Jharkhand
c. Odisha
d. None of the above
ANSWER: Odisha
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.
According to 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.
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.
A toll-free start-up helpline, 1800-345-7100, was also launched.
The 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, which is the official investment promotion and facilitation agency of India, is mandated to facilitate investments into India.
Specifically, the agency is the first point of reference for potential investors.
They provide sector and state-specific inputs and other supports to investors through the complete investment cycle.
