Diplomacyindia.com


Invest India wins top UN award for promoting renewable energy investment

October 23
10:36 2018

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”.

The other winners of the award were Bahrain Economic Development Board and the Lesotho National Development Corp.

More than 5,000 delegates from 160 countries are participating the UNCTAD-organised Forum to discuss strategies for major new “investment-for-development” initiatives, UNCTAD said.

Speaking at the Forum’s inauguration, UN General Assembly President MarAa Fernanda Espinosa said the private sector had a moral responsibility to “contribute to sustainable development with responsible investments that respect human rights, environmental regulations and fiscal regulations”.

The CEO of the World Federation of Exchanges (WFE), Nandini Sukumar, said that there was a growing consensus among companies on sustainable economic growth.

She said that for the private sector there was the added incentive of good returns to invest in sectors like health, cities and infrastructure.

The WFE is an industry group of more than 200 stock exchange world-wide with listings of over 45,000 companies.

UNCTAD said that private sector investments of $3.9 trillion are required each year to help them meet the UN’s SDGs, but there is a shortfall of about $2.5 trillion.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

Social Icons

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on an eventful journey of Indian Passport through its serveral phases, fast expanding network of passport seva kendras, evergrowing numbers, citizen centric service & new Initiatives

Diplomacyindia.com Video Interview with Shri Dnyaneshwar M. Mulay Secretary (CPV & OIA), Ministry of External Affairs speaking on safety & security features of the passport documents in an era of digitalisation his cherished moments & milestones as “Passport Man” of India tranforming the entire passport landscape.

Diplomacyindia.com Video Interview : Mrs. Reva Ganguly Das (IFS) Director General, Indian Council of Cultural Relations Speaking on Yoga Day Celebrations

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on the journey of ISA so far, guiding principles, vision & priority areas & programmes for ISA.

Exclusive Interview to Diplomacyindia.com with Shri Upendra Tripathi, IAS Interim DG, International Solar Alliance (ISA) speaking on expanding rank of international solar alliance & opening the membership to the countries beyond tropics.

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H.E. Mr. Jozef Drofenik speaking on Bilateral Relations and Trade between India and Slovenia

Diplomacyindia.com Exclusive Interview with Ambassador of Slovenia to India, H. E. Mr. Jozef Drofenik speaking on Tourism in Slovenia

Pictures of Formal Launch of Website Diplomacyindia.com

Knowledge Partner

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP Facebook Auto Publish Powered By : XYZScripts.com