Page 5 - Dpiit

New govt may liberalise FDI norms for more sectors, says DPIIT Secy

Says industry should prepare itself for a low tariff regime in the long run

Expecting good response from several firms on EV policy: DPIIT Secy

The government on Saturday said India is expecting good response from many automobile companies on its electric-vehicle (EV) policy, which was released in March to attract global players like Tesla. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that in the policy, the government has used tariff tweaks without actually spending any money to seek commitments from manufacturers to set up base in India. "Everybody talks about one company (US-based EV major Tesla), but we are expecting responses from many companies to that policy," Singh said here at CII's annual business summit. On March 15, the government approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players like Tesla. As per the policy, a company will get three years to set up manufacturing facilities i

Public procurement norms: Govt may hike local content requirement

Former industry secretary Ajay Dua said that over time, the minimum threshold had to be increased to promote local industries and increase the contribution of manufacturing to GDP

Rising repatriation

As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment

Public procurement order: DPIIT wants 'local content' calculation narrowed

The components include transportation, insurance, installation, profit, commissioning, training, and after-sales support

Nearly 46 FDI proposals pending: DPIIT writes to 17 govt departments

Of these 46 proposals, 27 have also received comments from the Ministry of Home Affairs regarding security clearance

Rs 6,800 cr disbursed to beneficiaries of PLI scheme in FY24: DPIIT Secy

Singh says that PLI schemes on textiles, bulk drugs, food products and solar PV modules are likely to be tweaked

Skill development crucial in setting up efficient logistics: DPIIT

Capacity building and skill development play a crucial role in establishing efficient and cost-effective logistics and infrastructure systems, an official statement said on Monday. Speaking at a workshop in Vadodara, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh highlighted on integrating logistics and infrastructure development courses into the curriculum of Central Training Institutes (CTIs), State Administrative Training Institutes (ATIs). It would help officers to better prepare to tackle the complexities of infrastructure development, enhance logistical efficiencies, and contribute significantly to India's economic growth and development agenda. As part of efforts to strengthen India's logistics and infrastructure sectors, the DPIIT, in collaboration with Gati Shakti Vishwavidyalaya (GSV) in Vadodara, Gujarat, organised the workshop. The workshop was organised with the objective of integrating the principles of PM GatiShakt

DPIIT to engage with research firm to prepare logistics report for 3 yrs

The Department for Promotion of Industry and Internal Trade (DPIIT) is planning to engage a research firm to prepare the Logistics Ease Across Different States and Union Territories for the next three years. Every year, the department releases a Logistics Ease Across Different State (LEADS) report, ranking states and Union Territories (UTs) on the basis of their logistics ecosystem and highlights the key logistics-related challenges faced by stakeholders and includes suggestive recommendations. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. The DPIIT has floated a request for proposal for the appointment of consultant for ranking of states on the basis of their logistics efficiency (LEADS report for 2024, 2025, and 2026). "The DPIIT intends to engage a research organisation/consulting or market research firm/academic institution (Consultant) with experience in preparing national/international level reports bas

Centre makes India's case to World Bank for Logistics Index ranking push

World Bank incorporating more data to make LPI comprehensive

QCOs of only three ministries exempted from imports under AA/EOU/SEZ

When we get the EPCG authorization, we can get the bill of entry finalized by claiming the exemption under the relevant Customs notification

Deeptech startup policy in final stages, says DPIIT secretary RK Singh

The development is in line with ongoing governmental efforts to bolster innovation in the deeptech sector

FDI inflows shrink by 21% to $41.31 billion in 2023, shows DPIIT data

The sustained contraction in investment inflows comes against the backdrop of uncertainties and challenges in the global economy

Govt notifies FDI norms for space; move may bring in $44 bn by 2033

Industry expects $20 billion investment in the sector in 10 years

Local suppliers, MNCs voice concerns over DPIIT's Make in India push

Class-I suppliers, whose goods, services or works offered for procurement has local content equal to or more than 50 per cent may see it hiked to 70 per cent

PLI scheme's progress slows in key sectors, affecting manufacturing goals

Even as the investment exceeded the government's estimate in the previous financial year, progress was not uniform across all schemes

Claim payout delays put PLI scheme's nodal agencies under scrutiny

NITI Aayog to monitor project management agencies, ministries to ensure speedier claim settlement

Indian toy manufacturers receive orders worth $10 mn at German fair

Indian toy makers, who have participated in the five-day international toy fair in Germany have received orders worth over USD 10 million as they showcased high-quality products, according to exporters. The exporters said buyers from countries such as the US, the UK, South Africa, and Germany showed interest in their products and placed a good number of orders. There were more than 55 participants from India this year in the Nuremberg fair in Germany, held from January 30 to February 3. Initiatives by the Department for Promotion of Industry and Internal Trade (DPIIT) like mandatory quality norms, increase in custom duty and a National Action Plan on Toys (NAPT), helped in the manufacture of high-quality products that received appreciation at the international platform. "The Indian toy sector is growing at a healthy rate and competing with global players. Among the most popular categories at the fair were those pertaining to wooden toys and educational learning toys," the DPIIT sai

Govt nearly doubles PLI scheme share of five key industry segments

Amount raised from Rs 8,405 cr in RE of FY24 to Rs 15,198 cr

DPIIT to meet over 1,200 stakeholders on Sat, may discuss fresh PLI targets

The first-of-its-kind meeting will see participation of all 10 ministries/ departments, project management agencies, and industry meetings