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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 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.
It has a registered office in Kolkata and regional offices in Mumbai and New Delhi, among other places. In addition to Kolkata, Birlapur and Durgapur, the group has plants located in Rewa, Maihar, Satna, Raebareli City, Kundanganj (Raebareli), Chanderia (Chittorgarh), Jodhpur, Viramgam, Bhiwani, Butibori and Goa.
Verma helped draft the New Industrial Policy alongside Chief Economic Advisor Rakesh Mohan, and it laid out a plan to foster Indian industry in five points. [ 24 ] [ 25 ] Firstly, it abolished the License Raj by removing licensing restrictions for all industries except for 18 that "related to security and strategic concerns, social reasons ...
Industrial Development & Tech. Consultancy Services 138 National Textile Corporation: 1968 Ministry of Textiles: New Delhi: Manufacturing Textiles 139 Nepa 1947 Ministry of Heavy Industries & Public Enterprises D/o Heavy Industries: Madhya Pradesh: Manufacturing Consumer goods 140 New India Assurance Company: 1919
A country's infrastructure (including transportation, telecommunications and energy industry) is a major enabler of industrial policy. [6] Industrial policies are interventionist measures typical of mixed economy countries. Many types of industrial policies contain common elements with other types of interventionist practices such as trade ...
The BIFR was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 1987. [ 1 ] A new industrial policy was tabled in Parliament on 24 July 1991 aiming to maintain growth in productivity and gainful employment and to encourage the growth of ...
The 2013 Companies Act superseded the Companies Act of 1956, under whose provisions Indian corporations previously operated.In addition to the Companies Act, corporations are subject to other regulations administered by the Ministry of Corporate Affairs (MCA), [1] which has two branches: the Regional Director (RD) and the Registrar of Companies (ROC).
On 18 April 2020, the government of India passed an order that would protect Indian companies from FDI during the pandemic. All countries sharing a land border with India would now face scrutiny from the Ministry of Commerce and Industry before any FDIs. [19] These changes were incorporated in the Consolidated FDI policy released on 28 October ...