The key sectors covered under the scheme include telecommunication, food processing, medical devices, automobile and its components, textiles and solar PV modules
Centre is on track to implement the 'Single Window Clearance' system by April 15, as part of 'ease of doing business', a senior official said on Tuesday
Guruprasad Mohapatra says a systematic exercise across Centre and states is being undertaken to eliminate or reduce compliances, which have an adverse impact on time and cost of businesses
Participating in a webinar on ''Scaling up Toy Exports from India'', Wadhawan said the government intends to promote Toy clusters through innovative and creative methods
DPIIT Secretary, Ministry of Commerce and Industry, Guruprasad Mohapatra said the measures envisaged in the Budget will further boost the Startups in the country
About 1,400 such Acts have already been removed since the government came to power
The new policy will have various features such as those related to data and consumer rights, a senior government official said on Friday
Foreign direct investment (FDI) equity inflows into India grew 21 per cent during April-October period of the current financial year
Refutes reports that only 9.4% of investment proposals in the state were converted to projects during that time
With relaxed FDI norms, defence production will be among the areas that will be looked at for fresh overseas investments in the months ahead
A single-window system for approvals and clearances would help industry reduce their compliance burden
Single-window clearance by mid-April
The five areas that would be addressed in the policy are ease of doing business, rationalisation of the licence process, digitisation of retail, focus on reforms and open network for digital commerce
According to a DPIIT notification, the products would have to conform to the specified standards and bear the standard mark under a licence from the Bureau of Indian Standards (BIS)
The new edition includes the April 2020 circular that said foreign investment from countries sharing a land border with India requires prior approval of the Indian government
The Commerce and Industry Ministry on Wednesday released the next edition of its consolidated foreign direct investment (FDI) policy document, incorporating all the changes made over the past year. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the new circular has come into effect from October 15. The consolidated policy is a compilation of various decisions taken by the government with regard to FDI in different sectors. DPIIT, which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. Investors would otherwise have to go through various press notes issued by the department, and the RBI regulations to understand the policy. The whole exercise is aimed at providing an investor-friendly climate to foreign players and, in turn, attract more FDI to boost economic growth and create jobs. The government has liberalised FDI policy in .
Registration stands annulled if there is a change in controlling ownership, which is above 10%
The government wants to make India a self-reliant country in these segments, boost exports and become a global supplier
These containers are manufactured as per the International Organisation for Standardisation requirements and are designed to carry liquids in bulk
According to the note of the Department for Promotion of Industry and Internal Trade (DPIIT), these projects are at different stages of implementation