Strategic Policy and Facilitation Bureau

#GS2 #Health

Ministry of AYUSH and M/s Invest India will form a collaboration to set up a strategic policy unit called “Strategic Policy & Facilitation Bureau (SPFB)” to facilitate planned and systematic growth of the Ayush Sector.

 

About ‘Strategic Policy and Facilitation Bureau’ 

  • It will support the Ministry in strategic and policy making initiatives that shall help pave the way to reach the full potential of the Sector and stimulate growth and investment.
  • As a partner in the project, M/S Invest India would collaborate extensively with the Ministry to frame the work plan of the Bureau and define its short-and long-term targets. 
  • Invest India would deploy highly trained and expert resources to implement and execute the plans of the Ministry of AYUSH.

 

The activities to be undertaken by the SPFB would include 

  • Knowledge Creation and Management,
  • Strategic & Policy-Making Support,
  • State Policy Bench marking: Undertaking State Policy bench marking to formulate uniform guidelines/regulations regarding AYUSH sector in India,
  • Investment Facilitation: Follow up and facilitation of investment cases and MoUs, and coordination among different Department, organisations and States.
  • Issue Resolution: Invest India would work with companies and other institutions on issue resolution across States and among various sub-sectors.

 

About ‘Invest India’ 

  • Set up in the year 2009, Invest India is a not-for-profit, single window facilitator, set up as a joint venture company between the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry (35% equity), Federation of Indian Chambers of Commerce and Industry (FICCI) (51% equity), and State Governments of India (0.5% each).
  • As the national investment promotion and facilitation agency, Invest India focuses on sector-specific investor targeting and development of new partnerships to enable sustainable investments in India.
  • In addition to a core team that focuses on sustainable investments, Invest India also partners with substantial investment promotion agencies and multilateral organisations.
  • Invest India also actively works with several Indian states to build capacity as well as bring in global best practices in investment targeting, promotion and facilitation areas.
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