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Recent changes made for trade & DIPP

Recent changes made for trade & DIPP  

  • Department of Industrial Policy & Promotion has been renamed as the Department for Promotion of Industry & Internal Trade.
  • DPIIT will work under the Ministry of Commerce & Industry
  • DPIIT will deal with the matters of startups & facilitates ease of doing business
  • Both internal & external trade have been brought under the single Ministry of Commerce & Industry

Functions of DPIIT

  • Formulation and implementation of industrial policy and strategies for industrial development
  • Formulation of Foreign Direct Investment (FDI) Policy and promotion, approval and facilitation of FDI
  • Encouragement to foreign technology collaborations at enterprise level
  • Formulation of policies relating to Intellectual Property Rights in the fields of Patents, Trademarks, Industrial Designs and Geographical Indications of Goods and administration of regulations, rules made there under
  • Administration of Industries (Development & Regulation) Act, 1951
  • The Department is the nodal point for the promotion of productivity in the industrial sector.  It undertakes programmes of technical cooperation with the Asian Productivity Organisation (APO), Tokyo by sourcing experts to advise on productivity related projects
  • It is the nodal Department in Government of India for coordinating and implementing programmes with United Nations Industrial Development Organization (UNIDO) in India. UNIDO is a specialised agency of United Nations with a mandate to act as the central coordinating body for industrial activities within the United Nations system.
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