UpdateBot at 07:11, 26 June 2022

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{{Short description|Governance institution}}
{{Use dmy dates|date=September 2019}}
{{Use Indian English|date=September 2019}}

The '''Department for Promotion of Industry and Internal Trade (DPIIT)''' is a [[Government of India|central government]] department under the [[Ministry of Commerce and Industry (India)|Ministry of Commerce and Industry]] in India. It is responsible for formulation and implementation of promotional and developmental measures for growth of the [[industrial sector]], keeping in view the national priorities and socio-economic objectives. While individual administrative ministries look after the production, distribution, development and planning aspects of specific industries allocated to them, DPIIT is responsible for the overall industrial policy. It is also responsible for facilitating and increasing the [[foreign direct investment]] (FDI) flows to the country.

The Department in its current form came into being on 27 January 2019, when the erstwhile '''Department of Industrial Policy & Promotion''' was renamed to '''Department for Promotion of Industry and Internal Trade (DPIIT)''' after internal trade was added to its mandate.<ref>{{cite news|title=Govt arms DIPP with policy oversight to assume singular control over retail|url=https://www.business-standard.com/article/economy-policy/govt-arms-dipp-with-policy-oversight-to-assume-singular-control-over-retail-119013001367_1.html|access-date=23 September 2019|date=31 January 2019|newspaper=[[Business Standard]]}}</ref>

The current Minister is [[Piyush Goyal]] while the top bureaucrat is Shri. Anurag Jain, IAS.

==History==
The Department was originally established in 1995, and was reconstituted in the year 2000 with the merger of Department of Industrial Development.

DPIIT is the nodal Department in Government of India for coordinating and implementing programmes with the [[United Nations Industrial Development Organization]] (UNIDO) in India. The Department also coordinates with apex Industry Associations such as [[Federation of Indian Chambers of Commerce and Industry]], [[Confederation of Indian Industry]], [[ASSOCHAM]] in their activities relating to promotion of industrial cooperation and to stimulate FDI into India.

==Responsibilities==

===Stimulating Investments===

====New Industrial Policy====
It is currently working to frame a new industrial policy, to be the third such policy in [[Economy of India|India]] since its independence in 1947. However, the deadline for completing the policy has been repeatedly pushed back since January, 2018.<ref>{{cite news|title=Govt decides to return to drawing board on proposed industrial policy|url=https://www.business-standard.com/article/economy-policy/govt-decides-to-return-to-drawing-board-on-proposed-industrial-policy-119031100948_1.html|access-date=23 September 2019|date=11 March 2019|newspaper=[[Business Standard]]}}</ref>

====India Investment Grid====
The department has created an online portal called the India Investment Grid (IIG), an interactive investment portal providing details of sectors, states and projects in which domestic and foreign investors may sink in capital.<ref>{{cite news|title=India Investment Grid : Explore opportunities in India|url=https://indiainvestmentgrid.com/portal/|access-date=23 September 2019|work=India Investment Grid}}</ref> in association with Invest India,<ref>https://www.investindia.gov.in/ {{Bare URL inline|date=May 2022}}</ref> India's national investment and facilitation agency. The initiative not only allows investors across the globe to easily search, identify and track investment worthy projects, but also allows promoters to highlight their projects along with requirements like funds, technology and collaboration needs with global audience.

===Boosting Startup growth===
The department is the nodal body for the [[Startup India]] initiative, which aims to make India a hub for startups. It aims to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances.

According to the government, the focus areas include reduction in patent registration fees, freedom from mystifying inspections for first 3 years of operation, freedom from Capital Gain Tax for first 3 of operation, as well as self-certification compliance.

The government has loosed the norms for startups and their backers to seek exemption from Angel Tax. But the tax remains. Almost 14,000 startups have been registered by DPIIT through its portal.<ref>{{cite news|title=Why a Startup India certificate may be worth no more than a piece of paper|url=https://www.business-standard.com/article/economy-policy/govt-eases-norms-for-start-ups-seeking-exemptions-from-angel-tax-119011700077_1.html|accessdate=14 September 2019|newspaper=[[Business Standard]]|first1=Subhayan|last1=Chakraborty|first2=Karan|last2=Choudhury|date=17 January 2019}}</ref>

===Framing E-Commerce Rules===
The department is currently framing the e-commerce policy, a set of rules aimed at streamlining and regulating the digital business ecosystem.<ref>{{cite news|title=Tech giants put India plans on hold, seek clarity on e-commerce policies|url=https://www.business-standard.com/article/companies/tech-giants-put-india-plans-on-hold-seek-clarity-on-e-commerce-policies-119051900003_1.html|access-date=23 September 2019|newspaper=[[Business Standard]]|first1=Subhayan|last1=Chakraborty|first2=Karan|last2=Choudhury|date=19 May 2019}}</ref><ref>{{cite news|title=Digital firms, traders to discuss e-commerce policy with Piyush Goyal|url=https://www.business-standard.com/article/economy-policy/digital-firms-traders-to-lobby-for-e-commerce-policy-with-piyush-goyal-119060601240_1.html
|access-date=23 September 2019|newspaper=[[Business Standard]]|first1=Subhayan|last1=Chakraborty|first2=Karan|last2=Choudhury|date=1 July 2019}}</ref>

===Intellectual Property Rights===
DPIIT is also responsible for [[intellectual property]] rights relating to [[patent]]s, designs, [[trademark]]s, [[copyright]]s, and [[geographical indication]] of goods, and oversees the initiative relating to their promotion and protection.<ref>{{cite news|title=Wait time for patent examination to be cut to 18 months by March 2018|url=https://www.business-standard.com/article/economy-policy/wait-time-for-patent-examination-to-be-cut-to-18-months-by-march-2018-117042701106_1.html|access-date=23 September 2019|date=28 April 2017|newspaper=[[Business Standard]]}}</ref>

==Criticism==

===Falling FDI growth===
However, the Department has faced criticism for not publishing FDI figures since June, 2018, despite the [[Reserve Bank of India]] (RBI) providing it with regular inputs. Earlier, this data was published every quarter. This happens at a time the country has seen inbound FDI dropping for the first time under the [[Narendra Modi]] government, [[Business Standard]] newspaper has revealed.<ref>{{cite news|title=DIPP has stopped releasing FDI data for past 6 months despite RBI inputs|url=https://www.business-standard.com/article/economy-policy/dipp-has-stopped-releasing-fdi-data-for-past-6-months-despite-rbi-inputs-119011501101_1.html|accessdate=26 January 2019|work=[[Business Standard]]|date=16 January 2019}}</ref>

The DPIIT compiles total investment inflows with the data from the RBI as well as its own databases. The last time they published this data was in August last year; that was for the April–June period. Officials at the department refused to explain why the data had not been released.

===Low Startup competitiveness===
Media has pointed out the policy has failed to boost job growth while most startups were unable to receive what they wanted most, tax exemptions.<ref>{{cite news|title=Why a Startup India certificate may be worth no more than a piece of paper|url=https://www.business-standard.com/article/companies/why-a-startup-india-certificate-may-be-worth-no-more-than-a-piece-of-paper-119012200331_1.html|accessdate=14 September 2019|first=Subhayan|last=Chakraborty|newspaper=[[Business Standard]]|date=22 January 2019}}</ref>

==References==
{{reflist}}

==External links==
*[https://dipp.gov.in/ Official website]

{{Ministry of Commerce and Industry (India)}}
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{{DEFAULTSORT:Department for Promotion of Industry and Internal Trade (DPIIT) (India)}}
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Department for Promotion of Industry and Internal Trade - Revision history

UpdateBot at 07:11, 26 June 2022