Deepak Bagla quits as MD & CEO of Invest India

Deepak Bagla quits as MD & CEO of Invest India

Daily Current Affairs   /   Deepak Bagla quits as MD & CEO of Invest India

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Category : Appointment/Resignation Published on: March 20 2023

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  • Deepak Bagla, Managing Director and CEO of Invest India, an investment promotion and facilitation body under the commerce and industry ministry, has resigned from his post.
  • Bagla was at the helm of Invest India since 2015. Earlier, he had stints at World Bank, Citibank, and private equity firm 3i Group.
  • He is a member of several high-level government committees, including fintech and innovation. 
  • Bagla is the president of the Geneva-based World Association of Investment Promotion Agencies with a membership of 105 countries. 
  • He is also a special invitee of the Prime Minister’s Science Technology & Innovation Advisory Council.
  • Invest India was formed in 2009 under the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.
  • The agency was set up in 2009 under section 25 of the Companies Act.
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