ICAI signs MoU with Invest India to promote Foreign Investment

Tuesday, February 5, 2019

The Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding (MoU) with the Invest India on February 4, 2019 coinciding with Platinum Jubilee Annual Function of ICAI at New Delhi under the aegis of the Committee for Export of CA Services & WTO of ICAI.

The MoU was signed by CA. Naveen N. D. Gupta, President, ICAI and Mr. Deepak Bagla, Managing Director and CEO of Invest India. Mr. Rajiv Mehrishi, Hon’ble Comptroller and Auditor General of India, CA. Prafulla P. Chhajed, Vice-President, ICAI, CA. Babu Abraham Kallivayalil, Chairman and CA. Anil Bhandari, Vice-Chairman of the Committee for Export of CA Services & WTO of ICAI were also present.
The objective of the MoU is to collaborate and promote foreign investment in India and Indian investments outside India.

Signing of the MoU between ICAI & Invest India would promote foreign investment in India by giving necessary guidance and advice to potential investors on the regulatory compliances for investment in India. This initiative would further assist in promoting innovation; start up India initiatives, investment facilitation across globe, creating job opportunities and alike relating to Accounting & Finance Services identified under Champion Sector by Government of India.