Page 6 - Dpiit

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

Global cos at WEF view India as attractive investment spot: DPIIT secy

India was viewed favourably by major global corporations attending the recently concluded World Economic Forum (WEF) meet at Davos (Switzerland), a top government official has said. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh, who was part of the Indian delegation to WEF, also said that he met several CEOs at Davos and discussed ways to facilitate investments in the country. "During the WEF, there was a distinct uptick in the investment sentiment regarding major corporations, with an observable trend of expansive visions for growth in India," Singh told PTI. He met Martin Lundstedt, President and Chief Executive Officer of Volvo; Gernot Doellner, Chairman and CEO, Audi; and Darrell Brown, President and CEO, Ecolab; among other high-level officials. "At WEF, India's investment landscape was being viewed favourably," he said. Singh added that some of the global companies at Davos provided feedback on the implementation of a ...

EVs adoption key for transition to low carbon economy by 2047: DPIIT secy

The vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure, a top government official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy. "The comprehensive vision for 2047 includes a substantial shift towards electric vehicles across various segments, supported by tax incentives, Production Linked Incentive (PLI) schemes, and the mandatory provision of charging infrastructure," Singh told PTI. He said that a shift in the modal share of freight from road to rail will be an effective lever to decarbonise the freight transport sector. He added that the government's authorisation of 100 per cent Foreign Direct Investment (FDI) for

Trust in elections remains fairly robust in India: DPIIT Secretary Singh

Describing India as an outlier in terms of trust levels in various institutions, DPIIT Secretary Rajesh Kumar Singh on Friday said trust in elections and other institutions continues to remain robust in the country. Speaking here at a session on '4.2 billion people at the ballot box' at the World Economic Forum Annual Meeting 2024, Singh said the election is a mammoth exercise in India and follows a very detailed procedure-based system. "We have delivered credible elections for over 75 years, of which 25 years have been through electronic voting machines," he said, adding that he himself has been involved in the election process in various roles earlier in his career as a civil servant. Asked about the issues before this year's election, the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary said bread and butter issues and development would be among key factors like any other country, while the performance of the present government in the last ten years would

Govt disburses Rs 4,415 cr under different PLI schemes for 8 sectors so far

The government has disbursed Rs 4,415 crore under production-linked incentive (PLI) schemes for eight sectors till October in this fiscal, an official said on Wednesday. During 2022-23, the disbursement was Rs 2,900 crore. "Incentive amount of around Rs 4,415 crore disbursed under PLI Schemes for eight sectors including Large-Scale Electronics Manufacturing, IT Hardware, Bulk Drugs, Medical Devices, Pharmaceuticals, Telecom & Networking Products, Food Processing and Drones and Drone Components," Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajeev Singh Thakur told reporters here. The government in 2021 announced PLI schemes for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones, and pharma with an outlay of Rs 1.97 lakh crore. The schemes aim to attract investments in key ..

Andamans recognised as 'aspiring leader' in states' startup ranking: DPIIT

The Andaman and Nicobar Islands have been recognised as an Aspiring Leader' in the latest States' Startup Ranking of the Department for Promotion of Industry and Internal Trade (DPIIT), officials said. There are 53 recognised startups, including 22 ventures led by women, in the entire archipelago, they said. The key sectors include construction and engineering, travel and tourism and IT. The Andaman and Nicobar Islands have stood out among its counterparts, showcasing the potential to become a prominent hub for emerging businesses and startups among the B' category states (population of less than 1 crore), a senior official said. We are delighted to receive the prestigious title of Aspiring leader' (in the 4th edition of the States' Startup Ranking). The recognition fits very well with our consistent and persistent efforts to establish Andaman and Nicobar Islands as a thriving hub for startups across various domains and sectors, Nikhil Kumar, Commissioner-cum-Secretary (Industries),