Diabytes
Department of Industrial Policy and Promotion News
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The new policy will replace the industrial policy of 1991 which was prepared in the backdrop of balance of payment crisis.
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The ministry had constituted a task force chaired by V Kamakoti of IIT Madras to explore possibilities to leverage Artificial Intelligence (AI) for development across various fields.
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The government has sought suggestions from stakeholders to formulate a new industrial policy to promote manufacturing and job creation in the country.
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Island nation Mauritius elbowed out Singapore to emerge as the top source of foreign direct investment (FDI) into India in 2016-17.
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Foreign investments in the services sector increased 77.6 percent to USD 7.55 billion in the first nine months of the current fiscal, helped by government steps to improve ease of doing business.
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US-based iPhone maker Apple has sought incentives from the government to set up a manufacturing unit in the country.
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India's rank will "seriously improve" in the World Bank's 'Doing Business' report next year on the back of reforms like GST and Insolvency & Bankruptcy Code, Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said Friday.
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Government is considering further relaxing foreign direct investment (FDI) norms in several areas, including trading, with an eye on more inflows.
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The Commerce Ministry on Thursday cautioned that the website www.Copyright.In does not represent the copyright registration office of India.
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For this year's ease of doing business ranking, the Department of Industrial Policy and Promotion (DIPP) will consider reforms uploaded by states till August 30.
Government will identify 10 incubators out of existing 200 such centres and invest Rs 200 crore on scaling up their capacity, Niti Aayog CEO Amitabh Kant on Saturday said.
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A World Bank team will meet DIPP officials next week to discuss steps taken by India to improve its ease of doing business ranking.
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Officials of the Department of Industrial Policy and Promotion (DIPP) and Food Processing Ministry are discussing mutually agreeable conditions to be included in the proposal, an official said.
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Foreign direct investment (FDI) into India increased by 16.5 percent to USD 2.46 billion in March this year.
The Commerce and Industry Ministry Thursday said the Make in India logo has been designed by "young Indians".
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The foreign investment was USD 14.69 billion during April-September 2014, according to the latest figures of the Department of Industrial Policy and Promotion (DIPP).
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Foreign investment up to 49 per cent in defence sector, that results in change in ownership of a company, will need prior FIPB approval even though the government has put such investments under automatic route.
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The Commerce Ministry has requested the Enforcement Directorate and RBI to examine whether e-commerce majors Flipkart, Amazon and Snapdeal violated FDI rules by engaging in business-to-consumers (B2C) activity.
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India and Germany today signed an agreement to set up a separate body to fast-track investments by German companies in the country and weed out the obstacles faced by them in conducting business here.
Government will review progress of the Make in India initiative on completion of one year and deliberate on steps to give a further boost to the initiative, aimed at making the country a global manufacturing hub.
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