The “State Connect Series” initiative of Invest India aims to foster strong partnerships with States/UTs to promote regional economic development. A video conference was held with the Director, Department of Industries, Puducherry to identify areas of collaboration. The Director interacted with IILB, Startup India, the France Team, the Food Processing and Pharmaceuticals sector teams, and the Capacity Building for State IPAs team.  

As a way forward, Invest India will support Puducherry in targeting investment opportunities in priority sectors like IT-BPM, Pharmaceuticals and Medical Devices, etc., and investments from France to leverage the historical and cultural links. A ‘Spotlight Series’ has been proposed in this regard. The Director has also sought Invest India’s assistance in building the capacity of the UT’s officials for Investment Promotion and policy-making activities. The UT of Puducherry, with a high literacy rate and favorable sex ratio, also requested Startup India’s support in promoting female entrepreneurship.