United Nations Conference on Trade and Development (UNCTAD) has declared ‘Invest India’ as winner of the 2020 United Nations Investment Promotion Award. The award ceremony took place at UNCTAD Headquarters in Geneva yesterday. The Award recognizes and celebrates the outstanding achievements of the World’s best-practice investment promotion agencies. The evaluation was based on UNCTAD’s assessment of work undertaken by 180 national Investment Promotion Agencies across the world.
The COVID-19 pandemic had generated important challenges for investment promotion agencies. In March 2020, UNCTAD constituted a team to monitor IPAs response to the pandemic. UNCTAD reported best practices from investment promotion agencies in the IPA Observer publications in April and July. IPAs response to the pandemic became the basis for the evaluation of the 2020 United Nations Investment Promotion Award.