Page 4 - Dpiit

10 yrs of 'Make in India': Govt eyes $100 bn FDI inflows annually

The initiative was launched a decade ago, with an aim to boost manufacturing, attract foreign investment, enhance infrastructure, and promote indigenous production

DPIIT refers complaint against quick e-commerce players to CCI: Report

DPIIT, which comes under the commerce and industry ministry, has referred a complaint of alleged unfair business practices against quick commerce players to the Competition Commission, according to sources. The complaint was submitted by the All India Consumer Products Distributors Federation (AICPDF) to the Union Commerce and Industry Ministry. Quick commerce platforms are those that typically deliver goods within 10 to 30 minutes. The Competition Commission of India (CCI), which works to ensure fair business practices across sectors in the marketplace, is already looking into alleged anti-competitive ways of e-commerce companies. The sources in the know on Friday said the Department for Promotion of Industry and Internal Trade (DPIIT) has referred a complaint made against quick commerce players to CCI. There was no immediate comment from CCI on the issue. When contacted for comments on the complaint, AICPDF President Darshil Patil said he has come to know that the letter writte

Govt to set up section 8 firm for startups to strengthen ecosystem: Goyal

Commerce and Industry Minister Piyush Goyal on Monday said a decision has been taken to set up a not-for-profit company under section 8 of the Companies Act to include all initiatives and bodies of Startup India under one roof. Goyal said the company can be industry-led, similar to Invest India, which can manage its affairs. At present, Startup India is housed in Invest India, which is a national body to promote investments. "We will support it as a catalyst so that policy-wise, it is on the right track. It will have an independent board and organisation structure and we would do a little oversight. The National Startup Advisory Council can also be a part of it," Goyal said. The Startup India initiative was launched on January 16, 2016. Under this, several programmes have been rolled out to support entrepreneurs, build a robust startup ecosystem and transform India into a country of job creators instead of job seekers. These programmes are managed by a dedicated Startup India Team

DPIIT's copyright rule withdrawal to boost rights owners' position: Experts

The DPIIT'S withdrawal of the September 2016 office memorandum regarding extending the scope of a copyright rule to internet transmissions would bolster the position of copyright owners and aid them in negotiating better royalty rates, according to experts. Last week, the Department for Promotion of Industry and Internal Trade (DPIIT) withdrew an office memorandum regarding extending the scope of Section 31D to internet transmissions. In 2016, through an office memorandum, the government decided to include Internet broadcasting under the purview of the Copyright Act. DPIIT has said that in light of the decision of the Division Bench of the High Court of Bombay in the matter of Tips Industries Ltd vs Wynk Music Ltd, the office memorandum issued by the department on September 5, 2016, is "hereby rescinded". This section talks about statutory licences for the broadcasting of literary and musical works and sound recordings. Abhay JV, Partner, Shardul Amarchand Mangaldas & Co said that

DPIIT withdraws memo on extending scope of copyright rule to internet

The Department for Promotion of Industry and Internal Trade (DPIIT) has withdrawn an office memorandum of September 2016 regarding extending the scope of a rule of copyright law to internet transmissions. In 2016, through an office memorandum, the government decided to include Internet broadcasting under the purview of the Copyright Act. DPIIT has said that in light of the decision of the Division Bench of the High Court of Bombay in the matter of Tips Industries Ltd vs Wynk Music Ltd, the office memorandum issued by the department on September 5, 2016, is "hereby rescinded". "This is regarding withdrawal of the office memorandum issued by the DPIIT on September 5, 2016, extending the scope of Section 31D to internet transmissions for clarity of the Indian as well as foreign internet streaming platforms as well as right holders," the memorandum dated August 21, 2024, said. This section talks about statutory licences for the broadcasting of literary and musical works and sound ...

Senior IAS Amardeep Singh Bhatia takes charge as new DPIIT secretary

Senior IAS officer Amardeep Singh Bhatia has assumed the charge of Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), an official statement said on Wednesday. He has replaced Rajesh Kumar Singh, who has been appointed as Officer on Special Duty, Department of Defence. Prior to this, Bhatia, a 1993 Batch from Nagaland cadre, was serving as Additional Secretary in the Department of Commerce and was involved in trade policies and free trade agreement negotiations. In the central government, he has held many important positions in the Ministries of Corporate Affairs and Health and Family Welfare. In the state government, the new DPIIT secretary has handled Departments of Planning and Coordination, Health and Family Welfare, Environment and Forest, Municipalities and Local Self Government and Home, among others. DPIIT, under the commerce and industry ministry, looks after foreign direct investment (FDI) policy, startups, ease of doing business, promoting

DPIIT floats note to seek distinction between online game of skill, chance

The department for promotion of industry and internal trade (DPIIT) has circulated a note seeking views of different ministries on distinguishing between online 'Game of Skill' and 'Game of Chance' for the purpose of FDI, a senior official said. The official said that a clear distinction between the two is necessary to seek foreign investments as online game of skill has huge potential. In his address during the 78th Independence Day celebrations here, Prime Minister Narendra Modi called upon Indian professionals to lead the global gaming market and help establish the country as a global leader in the industry. He had emphasised the need for Indian talent to dominate not just in gaming but in game production as well by leveraging the country's rich cultural heritage. "A concept note was circulated for inter-ministerial discussions to distinguish between the two for the purpose of FDI (foreign direct investment). We need to see how in online gaming, we can make distinction between .

Foreign exchange rules amended: Cross-border share swaps eased by govt

Now, transfer of all shares in firms having FDI with countries sharing land borders, would require prior government approval

At 4%, India's core sector growth slowest in 20 months: Govt data

Slowdown reflects a high base and reduced electricity demand, down from 6.4% in May and 8.4% last year

India to get 12 new industrial cities; DPIIT to approach Union Cabinet

The country will have 12 new industrial cities in different states like the ones developed in Greater Noida, Uttar Pradesh and Dholera in Gujarat to further boost domestic manufacturing, a top government official said. Out of this, two are coming up in Andhra Pradesh and one in Bihar. The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said that eight such cities are already under different stages of implementation. Trunk infrastructure has been created in four cities - Dholera (Gujarat), Auric (Maharashtra), Vikram Udyogpuri (Madhya Pradesh) and Krishnapatnam (Andhra Pradesh) and allotment of land plots is underway for the industry. Similarly in the other four, the government's special purpose vehicle is in the process of construction of the basic infrastructure like road connectivity, water and power supply. With eight already under the development stage and the announcement of 12 new in the Budget, the total count of these cities in

DPIIT working on proposal for setting up 12 new industrial cities: Official

The country will have 12 new industrial cities in different states like the ones developed in Greater Noida, Uttar Pradesh and Dholera in Gujarat to further boost domestic manufacturing, a top government official said. Out of this, two are coming up in Andhra Pradesh and one in Bihar. The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said that eight such cities are already under different stages of implementation. Trunk infrastructure has been created in four cities - Dholera, Auric (Maharashtra), Vikram Udyogpuri (Madhya Pradesh) and Krishnapatnam (Andhra Pradesh) and allotment of land plots is underway for the industry. Similarly in the other four, the government's special purpose vehicle is in the process of construction of the basic infrastructure like road connectivity, water and power supply. With eight already under the development stage and the announcement of 12 new in the Budget, the total count of these cities in the countr

Funding winter for startups may end with angel tax abolition: DPIIT Secy

A system of quarterly disbursement is in place for many sectors, except for few, such as food processing, where it is not feasible, he says

263 startups funded with a total of Rs 60 crore by Karnataka govt

Karnataka is home to 45 unicorns, over 14,000 DPIIT registered startups and more than 4,000 active tech startup investors

DPIIT to create timelines for govt agencies for clearance of FDI proposals

The Department for Promotion of Industry and Internal Trade (DPIIT) will formulate strict timelines for different government agencies and departments for clearance of Foreign Direct Investment (FDI) proposals from prioritised sectors, a top official said. DPIIT Secretary Rajesh Kumar Singh said though there is a standard operating procedure (SOP) for these clearances, still there are delays as the SOPs are not being followed. The secretary was responding to the Budget announcement that the rules and regulations for FDI and overseas investments will be simplified to facilitate foreign direct investments, and nudge prioritisation. He said that the concerned ministries and departments will be nudged to prioritise applications and speed up the process of approvals. "The idea is to cut short that (clearance and approval) process, we have not yet decided about the sectors where some liberalisation is possible, but certainly there is a view in the government that the processes, where the

DPIIT's efforts attract over Rs 1,100 cr investment from global tyre makers

Leading global tyre makers such as Bridgestone, Michelin and Goodyear have committed investments worth over Rs 1,100 crore in India after the DPIIT temporarily allowed them to import certain tyres to the country, an official said. The official said that the import restrictions on 'New Pneumatic Tyres' were relaxed for certain global players that were interested in importing specific tyres from their factories abroad into India. The imports were temporarily permitted by the department for promotion of industry and internal trade (DPIIT) subject to the concerned company's commitment to invest and set up or expand its manufacturing facilities in the country for the concerned products, in a time-bound manner. "This initiative has witnessed investment commitments worth more than Rs 1,100 crore from leading global players like Bridgestone, Michelin and Goodyear for the development/expansion of their tyre manufacturing capacity in India," the official said. Additional applications receive

Ahead of Union Budget 2024-25, DPIIT recommends angel tax removal

The angel tax is on the amount received by a company above the fair market value as income

Union Budget 2024: Here's what startups, investors expect from Modi 3.0

Expectations rise for investments, simplified tax norms, and sectoral support

PLI scheme for white goods: Application window to be open for third time

The first round of application was invited in 2021, followed by the second round a year later as the entire allocated fund was not utilised

DPIIT close to finalising model to launch Producer Price Index in India

Producer price index may eventually replace WPI

Electric vehicle scheme norms to be rolled out soon, but no Tesla update

Fund issues may have come in way of EV major's plan