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Department for Promotion of Industry and Internal Trade

Department for Promotion of Industry and Internal Trade is a division of the central government that operates under the Ministry of Commerce and Industry. Check more details on DPIIT here.

vishal Last updated on May 26th, 2024 01:04 pm Leave a comment

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Department for Promotion of Industry and Internal Trade (DPIIT)

Department for Promotion of Industry and Internal Trade: It is a division of the central government that operates under the Ministry of Commerce and Industry. The formulation and execution of promotional and developmental actions for the expansion of the industrial sector are the responsibility of Department for Promotion of Industry and Internal Trade (DPIIT).

While a number of separate administrative ministries are in charge of the production, distribution, development, and planning of various sectors, the department is in charge of the overall industrial strategy. On January 27, 2019, the name “Department of Industrial Policy & Promotion” was changed to “Department of Industrial Policy & Information Technology.”

Department for Promotion of Industry and Internal Trade Role and Functions

The separate ministries are responsible for the production, distribution, development, and planning aspects of the various sectors, while DIPP, which was established in 1995, is charged with developing and carrying out the country’s overall industrial policy.

The Department’s duty has changed from overseeing and regulating the industrial sector to facilitating the flow of investment and technology and keeping track of industrial progress in a liberalised environment. Department for Promotion of Industry and Internal Trade role and functions have been discussed below:

Department for Promotion of Industry and Internal Trade Role and Functions
Particulars	Details
DPIIT and Industrial Policy	Formulating and carrying out the government’s industrial policy in India. creating and putting into action the plans required for growing industries in accordance with global and national goals. Monitoring the performance of the industries that have been allocated to it expressly, as well as providing guidance on all industrial and technical issues.
DPIIT and Foreign Direct Investment	Formulating, advancing, and facilitating foreign direct investment (FDI) policy. Fostering enterprise-wide collaboration and developing foreign technology policy guidelines.
DPIIT and Intellectual Property Rights	Drafting laws concerning intellectual property rights. The following fields are covered by these policies: Industrial Design, Patents and Trademarks, Geographical Indicators of Goods. Administering the laws and norms created by the 1951 Administration of Industries Act.
Encouraging the development of the North Eastern region’s industrially underdeveloped areas, including international cooperation for industrial collaborations, Promotion of technical cooperation, quality, and productivity.

Programmes and Schemes under DPIIT

1971’s Transport Subsidy Scheme – It was started to promote industry in the isolated, mountainous, and difficult-to-reach places. Since 2016, it has been no longer produced.

Policy for Promoting Industrial and Investment in the North East (NEIIPP), 2007
The North East Industrial Development Scheme was launched on April 1, 2017, and it will last until March 30, 2022.
2017 Industrial Development Plan – A recent modification took into account the Union Territories of Jammu and Kashmir and Ladakh; the programme will run through March 31st, 2021. The term “New Industrial Unit” was also defined in the amendment.
The Delhi Mumbai Industrial Corridor (DMIC) project for infrastructure development was approved in 2007. Other industrial corridors are utilised in a similar manner.
Activities for GI promotion are undertaken by DPIIT. As of August 2020, the department had notified 370 GI applications.

Department for Promotion of Industry and Internal Trade FAQs

Which Ministry does Department for Promotion of Industry and Internal Trade fall under?

Administered by the Ministry of Commerce and Industry, it is a nodal Government agency

What is the Department for Promotion of Industry and Internal Trade Works?

DPIIT is the nodal Department in Government of India for coordinating and implementing programmes with the United Nations Industrial Development Organization (UNIDO) in India.

What is Department for Promotion of Industry and Internal Trade merger?

DPIIT stands for The Department for Promotion of Industry and Internal Trade. The central government is responsible for DPIIT as it falls under the Ministry of Commerce and Industry in India.