26-676: The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the Department for Promotion of Industry & Internal Trade . The head of the Ministry is a Minister of Cabinet rank. The Minister of Commerce and Industry is the head of the Ministry of Commerce and Industry and one of the cabinet ministers of the Government of India . The first Minister of Commerce and Industry of independent India
52-595: A presence in 12 states in India and 8 countries around the world. Confederation of Indian Food Trade and Industry (CIFTI) caters to the Indian food Industry. It deals with policies, trade affairs and capacity building. CIFTI provides institutional support and partners with the Government and the Indian private sector in promotion and development of Indian food processing industry. CIFTI was established by FICCI in 1985. It
78-838: Is Piyush Goyal while the top bureaucrat is Anurag Jain, IAS. 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 , Internet and Mobile Association of India (IAMAI) in their activities relating to promotion of industrial cooperation and to stimulate FDI into India. It
104-458: Is a non-governmental trade association and advocacy group based in India . Dr. Anish Shah, Group CEO and Managing Director of Mahindra & Mahindra , is the current President of FICCI. Established in 1927, on the advice of Mahatma Gandhi by Indian businessman G.D. Birla and Purshottamdas Thakurdas . It is the largest, one of the oldest and the apex business organisation in India. It
130-489: Is a dedicated centre set up by FICCI along with Department of Consumer Affairs (India) to enhance consumer care practices and facilitate stakeholder interaction. It facilitates prompt redressal of consumer grievances, a dialogue between the business and consumers and promotion of responsible business practices. FICCI Ladies Organisation was established in 1983 to promote entrepreneurship and professional excellence among women in India. Aditya Birla CSR Centre for Excellence
156-776: Is a joint initiative of FICCI and the Aditya Birla Group. The center aims at development of inclusive and holistic CSR practices. This centre also organises the Businessworld FICCI CSR Award, an annual award aimed at identifying & recognising remarkable CSR initiatives. Confederation of Micro, Small and Medium Enterprises is an affiliated body of FICCI. It was established in December 2013. It aims to connect MSMEs with mentors, incubators and accelerators and assist them through capacity building programs and services; deliberate of policy concerns of
182-430: Is a non-government, not-for-profit organisation. FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs . The chamber has an indirect membership of over 250,000 companies from various regional chambers of commerce. It is involved in sector-specific business building, business promotion and networking. Currently, it is headquartered in the national capital New Delhi and has
208-492: Is a startup ecosystem registry to help startups. Bhaskar is aimed to foster a dynamic and inclusive environment for innovation and entrepreneurship. The initiative is designed to bring together a diverse array of stakeholders—ranging from entrepreneurs and government bodies to investors and academic institutions—onto a single, integrated platform. Federation of Indian Chambers of Commerce and Industry The Federation of Indian Chambers of Commerce & Industry ( FICCI )
234-405: 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. The current Minister
260-460: Is also responsible to calculate WPI (I.e. Wholesale Price Index). The Department for Promotion of Industry and Internal Trade is also responsible for intellectual property rights relating to patents , designs, trademarks , copyrights and geographical indication of goods and oversees the initiative relating to their promotion and protection. Recently instituted National Startup Award by ministry of commerce and industry recognised 46 startups on
286-416: Is being commercialised under this initiative. Bio-toilets based upon the bio-digester technology developed by DRDO is another such technology being commercialised under the program. It is projected that DRDO will install 18000 bio-toilets across India in cooperation with various states, Union Territories, FICCI and Ganga Action Plan. Besides, over 10000 bio-digesters are being installed in passenger coaches of
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#1732783234357312-411: Is currently framing the e-commerce policy, a set of rules aimed at streamlining and regulating the digital business ecosystem. DPIIT is also responsible for intellectual property rights relating to patents , designs, trademarks , copyrights , layout-designs of integrated circuits, and geographical indication of goods, and oversees the initiative relating to their promotion and protection. This
338-411: Is currently led by Sanjay Khajuria who serves as its president. FICCI Arbitration and Conciliation Tribunal (FACT) provides arbitration services for settling commercial disputes. FACT was established in 1952 and aims at settling business disputes outside the traditional framework offered by courts of law through arbitration and conciliation, as the case may be. FICCI Alliance for Consumer Care (FACC)
364-666: Is currently working to frame a new industrial policy, to be the third such policy in India since its independence in 1947. However, the deadline for completing the policy has been repeatedly pushed back since January 2018. 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. in association with Invest India, India's national investment and facilitation agency. The initiative not only allows investors across
390-419: 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
416-505: The Companies Act, 1956. The initiative aims at speedy implementation of foreign investment projects in India and improving the climate for domestic investments. FICCI is India's sole national issuing & guaranteeing association for ATA Carnets . ATA Carnets are used by TV / Film crews, journalists , engineers , musicians and industry for temporary moving equipment across borders. FICCI issues and endorses carnets, guarantees
442-612: The Indian Rail. FICCI's Millennium alliance aims at supporting and scaling-up low-cost, innovative solutions. It is a joint initiative of FICCI, Department of Science & Technology, Government of India and the United States Agency for International Development . It was launched during July 2012 as an inclusive platform for social impact funds, venture capitalists, corporate foundations, early investors, and donors to support and scale innovative solutions for base of
468-473: The eve of First National Startup Day announced by Hon'ble Prime Minister Narendra Modi . udChalo , Ratan Tata backed Repos and others remarkable startups are among the winners. Department for Promotion of Industry and Internal Trade The Department for Promotion of Industry and Internal Trade ( DPIIT ) is a central government department under the Ministry of Commerce and Industry in India. It
494-591: 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. 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
520-509: 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. The department
546-612: The impact of using smuggled, contraband and counterfeit products across India. The body is also engaged in capacity building of law enforcement agencies and research. It has estimated an annual tax loss to government of India due to smuggling and counterfeits at Rs 26,190 crore. DRDO and FICCI started the ATAC programme in February 2009 with an objective to create commercial linkages for DRDO technologies for use in civilian products and services. The Explosives Detector Kit developed by DRDO
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#1732783234357572-456: 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, Department for Promotion of Industry and Internal Trade is responsible for the overall Industrial Policy. It is also responsible for facilitating and increasing the FDI flows to the country. It
598-401: The pyramid populations in India and around the world. Invest India is a public-private partnership between Government and FICCI. A joint venture between FICCI (51% equity), Department of Industrial Policy & Promotion (India) (34%) and State Governments of India (0.5% equity each), Invest India was given a clearance by the Indian cabinet during September 2009 to set up under Section 25 of
624-425: The sector; and provide regular interface between Industry, Government and regulators. In terms of the scope of work, CMSME is similar to FICCI with the only differentiation being the exclusive focus on Micro, Small and Media enterprises in India. FICCI Committee Against Smuggling and Counterfeiting Activities Destroying Economy (CASCADE) was launched on 18 January 2011 and aims to run consumer sensitisation drives on
650-439: The smooth functioning, the department is divided into eight divisions: The subjects under the administrative control of the Department include: This department was established in the year 1995, and in the year 2000 Department of Industrial Development was merged with it. This department is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector , keeping in view
676-546: Was Syama Prasad Mukherjee . The current Minister is Piyush Goyal of the Bharatiya Janata Party . Goyal took over from Suresh Prabhu on 31 May 2019. The department is entrusted with formulating and implementing the foreign trade policy and responsibilities relating to multilateral and bilateral commercial relations, state trading, export promotion measures, and development and regulation of certain export oriented industries and commodities. In order for
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