My New India Story | Podcast Episode 5: Invest India Waipa Presidency Part I: Invest India's Strategic Role

Podcast Episode 5: Invest India Waipa Presidency Part I: Invest India's Strategic Role

Introduction

WAIPA stands for the World Association of Investment Promotion Agencies. WAIPA is the primary nodal body for Investment Promotion Agencies, representing 105 countries. Established in 1995 under the auspices of the UNCTAD, to promote the role of Investment Promotion Agencies, IPAs, in enhancing economic development and FDI. The headquarters is in Geneva, Switzerland. 

In the recent elections for the steering committee, Invest India has been unanimously elected as the President of the World Association of Investment Promotion Agencies (WAIPA) for 2021-2023. (Past Presidents include – Sweden, Brazil, Turkey, and UAE). This presidency is an acknowledgment of the world’s trust and faith in the leadership of Honourable Prime Minister Shri. Narendra Modi. 

Invest India Presidency will focus on steering WAIPA to take the big leap to become an organization of authority and global reference point when it comes to promoting investments and helping the IPA community, to be future ready.  

We understand the importance of engagement between nations and multinational entities, engagement with FDI Industry stakeholders and Investor community and therefore, the Invest India Presidency is ensuring all of them are part of WAIPA’s key initiatives. This stems from our strong belief that there is much to be gained from sharing resources, information, and knowledge. 

Invest India presidency shall work diligently to promote the cause of greater FDI flows around the world, promoting prosperity, peace, and harmony, uniting the world in the true spirit of Vasudaiva Kutumbakam, a Sanskrit phrase meaning ‘the whole world is my family’, as often elucidated by Prime Minister Modi.