UNITED NATIONS, Oct 23: Invest India has received the top UN Investment Promotion Award in recognition of its efforts to boost investments in the renewable energy sector in India.
The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, on Monday in Geneva at the inaugurations of the World Investment Forum organised by the UN Convention on Trade and Development (UNCTAD).
A non-profit venture of the Department of Industrial Policy and Promotion, Invest India promotes sustainable investment.
UNCTAD said that award recognizes "the excellence in boosting investment into sectors that will have social and economic benefits and help countries meet the Sustainable Development Goals (SDGs)".
It added that judges gave Invest India the award for its "excellence in servicing and supporting a major global wind turbines company in the establishment of a blade manufacturing plant in India while committing to train local staff and produce 1 gigawatt of renewable energy. Implementation of the project is expected to reduce India's wind energy cost significantly". - IANS
