Institute urges govt to create a conducive environment to attract investors

Here is a rewritten version of the sentence in a more formal and professional tone:

"The institute is urging the government to establish a favorable business environment that attracts investors by providing a stable and supportive framework for investment."

Here's a breakdown of the changes I made:

Overall, the rewritten sentence is more formal and professional, and it uses more precise language to convey the same meaning as the original sentence.