The ICAI (Institute of Chartered Accountants of India) and Invest India have signed a Memorandum of Understanding (MoU) at the ICAI’s Platinum Jubilee Annual Function. The MoU will be functional under the ICAI’s Committee for Export of CA Services and WTO.
The main objective of signing the MoU is to promote and collaborate foreign investment plans in India. With an intention to circulate required guidance and propose the outbound and inbound potential of the investors along with the promotion and facilitation of India as a destination for friendly investments, the MoU is intended to help in overall investment growth of India.
In order to make the MoU a success, ICAI will support and provide assistance with the help of its members. The assistance area would include sectors like accounting, legal, taxation and advisory services. The intention of signing the MoU is not only restricted to India’s foreign investment growth and development but is also intended to promote innovation, new thoughts, India’s initiatives for startups, creating new jobs possibilities related to Finance & Accounting Services defined under the Champion Sector by the Government of India.
With a helping hand of Invest India under the MoU, ICAI also plans to resolve queries related to investments of national and international corporate houses along with information related to regulations and legislation defined for the Startups. Through this, information related to the procedure of filling the application form and meeting other regulatory and procedural requirements will also become possible.