Deepak Bagla resigns as managing director and CEO of Invest India

Deepak Bagla, managing director and chief executive officer of Invest India, the government’s nodal investment promotion and facilitation body, has resigned from his post, commerce ministry sources confirmed.

Bagla has cited “personal reasons” for stepping down from the post. “He has been there for a long time. He wanted to leave on personal grounds,” said a commerce ministry official.

Bagla was at the helm of Invest India since 2015. Earlier, he had stints at World Bank, Citibank, and private equity firm 3i Group.

Invest India was formed in 2009 under the Department of Industrial Policy and Promotion, Ministry of Commerce