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DAILY NEWS ANALYSIS

  • 08 January, 2022

  • 6 Min Read

DPIIT-Dept for Promotion of Industry & Internal Trade

DPIIT-Dept for Promotion of Industry & Internal Trade

Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industries

  1. DIPP was established in 1995 and reconstituted in 2000 with the merger of the Dept of Industrial Development.
  2. It was renamed in 2019. The following are the Functions of DPIIT

    1. e-Commerce matters that were transferred to DPIIT in 2018.
    2. In 2019: internal trade, the welfare of traders and their employees and Startups.
    3. Formulate and implement industrial policy and strategies for industrial development.
    4. Monitor industrial growth, the performance of industries and advice on all industrial and technical matters.
    5. Formulate FDI policy and investment by NRIs. Promote, approve and facilitation of FDI.
    6. Formulation of Policies relating to IPR in patents, trademarks, industrial designs and GI tag of goods and administers
    7. 6 related Acts.
    8. Coordinates with UN Industrial Development Organization (UNIDO)
  3. It administers Central legislations of Explosives Act, 1884; Inflammable Substances Act, 1952; Salt Cess Act, 1953; Patents Act, 1970; Trade and Merchandise Marks Act, 1958; Designs Act, 2000 and Boilers Act, 1923.
  4. Investment Promotion:

    1. Through dissemination of information and advice on investment climate and opportunities within the country.
    2. It also coordinates with apex industry associations like Invest India; FICCI; CII and ASSOCHAM to boost FDI.

Source: PIB


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