Dpiit

Centre to renew consultation with firms shortlisted under PLI scheme

DPIIT asked to nudge ministries to hold talks with beneficiaries

Over 1,000 ODOP products identified as across all districts: DPIIT

Last year, the Centre had asked states to onboard a large number of products from various emporiums and artisans on the government's public procurement portal Government e-Marketplace

DPIIT to set up task force for formulating logistics cost framework

A task force will be set up for formulating a framework to determine logistics costs in the country, the commerce and industry ministry has said. It was decided in a workshop organised by Department for Promotion of Industry and Internal Trade (DPIIT) on the subject, on Monday. The task force members would include representatives from NITI Aayog, Ministry of Statistics and Programme Implementation (MOSPI), National Council of Applied Economic Research (NCAER), academic experts and other stakeholders. It "will be established for formulating a logistics cost framework in a time-bound fashion," it said. The workshop on logistics cost framework was organised in partnership with Asian Development Bank (ADB). Speaking at the workshop, Commerce and Industry Minister Piyush Goyal suggested taking note of India's geography, terrain, size and complexities, trade volume and value etc while calculating the logistics cost. He said e-commerce, smarter free trade agreements, adopting internatio

DPIIT asks states to hold industry interactions for addressing bottlenecks

The commerce and industry ministry has requested the states to interact with business associations on a regular basis to identify issues related to reducing logistics cost, an official statement said on Saturday. Special Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said the states have been advised that an inter-departmental services improvement group may be formed to address logistics-related issues and action plans may be formulated for bringing down logistics cost duly identifying priority areas for taking up multimodal infrastructure related interventions. She was speaking at a workshop in Kochi. A series of regional workshops are being organized to facilitate the wider adoption of the PM GatiShakti National Master Plan (NMP) platform across all the states/UTs to sensitise the state officials about it. The special secretary also talked about mapping freight flows in order to have a demand-driven approach to logistics efficiency f

Govt to bring retail trade policy to promote ease of doing biz: Official

The government is working to bring a national retail trade policy for brick and mortar retail traders with an aim to promote ease of doing business, a senior official said on Monday. Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the policy would also help in providing better infrastructure and more credit to traders. The Department, he said, is also working to bring an e-commerce policy for online retailers. "We want that there should be synergy between e-commerce as well as retail traders," Sanjiv said at a conference on FMCG and e-commerce here. The Department is also in the process of formulating an insurance scheme for all the retail traders. The accident insurance scheme would particularly help small traders of the country, he added. "The government is trying to do policy changes not only in e-commerce but national retail trade policy which will be for physical traders which will be introducing ease of doing business,

Mysore Silk, Kangra Tea, Thanjavur Paintings granted GI tag: DPIIT

As many as 429 products like Mysore Silk, Kangra Tea and Thanjavur Paintings have been granted Geographical Indications (GIs) tag as on date, including 31 foreign goods, according to the commerce and industry ministry. The department for promotion of industry and internal trade (DPIIT), an arm of the ministry, said that steps have been taken to promote these goods. "A total of 429 GIs have been registered as on date in India, including 31 foreign products," the DPIIT said in its annual report 2022-23. A GI is primarily an agricultural, natural or a manufactured product (handicraft and industrial goods) originating from a particular geographical territory. Typically, such a name conveys an assurance of quality and distinctiveness, which is essentially attributable to the place of its origin. There is a proper process of registration of GI products, which includes filing of application, preliminary scrutiny and examination, show cause notice, publication in the geographical indicati

DPIIT starting exercise to prepare logistics cost framework

The department for promotion of industry and internal trade (DPIIT) is starting an exercise to prepare a framework for determining logistics cost in the country, an official said on Thursday. For this, the department will be holding a workshop on the subject, where experts, academicians, professors, and statisticians across the globe will participate on March 20 here besides government officials. "We hope to firm up an index to gauge the country's logistics cost in a year. It will be an annual affair after that.We are organising an international workshop on logistics cost framework," the official said. Many international players from countries like Japan, Korea and Germany will attend. "We will deliberate on various modules and choose the framework that best suits us," the official added. At present, the government is going by certain estimates which suggest that logistics cost in India stands at about 13-14 per cent of the country's GDP. The government has rolled out a national

Amazon to integrate its logistics and SmartCommerce offerings on ONDC

This will be Amazon's first collaboration with ONDC; firm says it will continue to explore scope for stronger integration between the two in the future

FDI equity inflow contracts 15% to $36.7 billion in Apr-Dec: Govt data

Computer software and hardware manufacturing were the highest recipient of FDI at $8.07 billion

FDI equity inflows decline by 15% to $36.75 bn in Apr-Dec FY23: DPIIT data

Foreign direct investment (FDI) into India declined by 15 per cent to USD 36.75 billion during the April-December this fiscal, according to the latest Department for Promotion of Industry and Internal Trade data. The FDI inflows stood at USD 43.17 billion during the corresponding period of the previous year. The total FDI inflows, which includes equity inflows, re-invested earnings and other capital, declined to USD 55.27 billion during the nine months of the current fiscal year as against USD 60.4 billion in the year-ago period. During April-December 2022-23, Singapore emerged as the top investor with USD 13 billion FDI. It was followed by Mauritius (USD 4.7 billion), the US (about USD 5 billion), the UAE (USD 3.1 billion), the Netherlands (USD 2.15 billion), Japan (USD 1.4 billion), and Cyprus (USD 1.15 billion), the data showed. The computer software and hardware sector attracted the highest inflows of USD 8 billion during the nine-month period of this fiscal. It was followed

'Angel Tax' provisions in finance bill will not impact startups: DPIIT Secy

The 'angel tax' provision in the Finance Bill will not impact startups in India, a senior government official said on Tuesday. Startups which are registered with the Department for Promotion of Industry and Internal Trade do not come under the purview, Anurag Jain, the secretary in the department said while speaking at the IBVCA Conclave here. "Let me put one thing very clearly. It doesn't affect startups in the least, he said, addressing the audience at the event organized by the venture capital industry lobby grouping. He said there is a clear provision which says that startups which are recognized by DPIIT are out of the proposal's purview, and added that the startup recognition process is also very simple where any applicant gets it automatically. Startups were rattled because of the proposed changes in regulations in the Finance Bill through the amendments in Section 56(2) VII B of the Income Tax Act. Foreign investors are also proposed to be included in the ambit of taxation,

DPIIT to bring quality control norms for building material to check imports

The Department for Promotion of Industry and Internal Trade (DPIIT) is looking to bring building materials like asbestos and gypsum under quality control norms, a move aimed at containing import of sub-standard goods and boosting the domestic industry. In this regard, the department has sought industry comments on draft quality control orders (QCOs) for concrete, asbestos, gypsum and ceramic-based materials industry. It has floated draft QCOs for 53 products. "In this regard, all the industry, apex industry/ associations, sectoral industry/association, regional industry/association, respective administrative ministries, concerned R&D institutions/organisations are requested to furnish their comments on the draft QCOs," DPIIT said. Comments can be sent till February 20. The 53 products include cement concrete flooring tiles, concrete paving blocks, gypsum plaster boards , and pulverised fuel ash - lime bricks.

BIS conducts 100 search operations to curb sale of non-ISI certified toys

During the search and seizure operations conducted by the Bureau of Indian Standards, a quantity of 9,565 and 30,229 was seized during the years 2021-22 and 2022-23 (up to Jan 25, 2023), respectively

DPIIT likely to bring national framework on quality infrastructure

Dept to ensure there are more accreditation facilities in tier-2 and 3 cities, with key focus on healthcare and education systems

DPIIT working on quality control orders for several products: Official

The department for promotion of industry and internal trade (DPIIT) is working on quality control orders for several products, such as lighters, with a view to promote domestic manufacturing of quality goods, a senior official said on Friday. These orders also help in containing import of sub-standard goods into the country. Joint Secretary in the DPIIT Sanjiv said that the "aim is to promote production of high quality products". The department is continuously engaged with BIS (Bureau of Indian Standards) and concerned stakeholders for identification of products for which quality control orders (QCOs) could be issued. "QCOs are good for us and we are not bringing this in a hurry. We want to handhold the industry," he added. These orders are issued by the department in consonance with the WTO Agreement on Technical Barriers to Trade (TBT) for industries falling under its domain. Earlier, the department has rolled out these Quality Control Orders for a host of goods such as househo

All govt depts to integrate with national single window system by Dec

All the states, union territories and 32 central government departments will integrate with the National Single Window System (NSWS) by December this year, through which companies can seek all approvals and clearances for their businesses, a top official said on Thursday. So far 19 states/UTs and 27 central government departments are already onboarded, including Andhra Pradesh, Bihar, Goa, Gujarat, Himachal Pradesh, Jammu & Kashmir, and Karnataka, the Secretary in the department for promotion of industry and internal trade (DPIIT) Anurag Jain said here. He was speaking at a joint meeting of the India-Japan business cooperation committee meeting. The system is aimed at reducing duplicity of information submission to different ministries, reduce compliance burden, cut gestation period of projects, and promote ease of starting and doing business. NSWS enables the identification, applying and subsequent tracking of approvals for all integrated states and central departments. "Going ..

Budget 2023: 80,000 start-ups exempt from angel tax, says govt

The Union Budget 2023 on Wednesday proposed to extend the angel tax provisions to transactions involving foreign investors

Govt-recognised startups eligible for angel tax exemption: DPIIT Secy

More than 84,000 DPIIT-recognised start-ups in the country, data shows

PM Gati Shakti to help reduce logistic obstacles, improve efficiency: DPIIT

The PM GatiShakti initiative will play a significant role in reducing the logistics cost, increasing efficiency and benefitting businesses, a top government official said on Monday. On October 13 last year, Prime Minister Narendra Modi launched the Gati Shakti- National Master Plan aimed at developing an integrated infrastructure to reduce logistic costs. All logistics and connectivity infrastructure projects, entailing an investment of over Rs 500 crore, are routed through the NPG (network planning group), constituted under the PM GatiShakti initiative. PM GatiShakti "will play a significant role in reducing the logistic obstacles and increase logistics efficiency and benefit the businesses," Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said here at the inaugural session of B20 Inception Meeting, organised by industry body CII. He also said that the PM GatiShakti portal has over 1,600 data layers related to subjects such as land, ...

India making big strides in ease of doing business, says DPIIT Secretary

All labour laws have been consolidated into four codes, which have been passed by Parliament and the government is in the process of their final implementation, he said