DPIIT sets up development council for bicycle
The council has been setup for “vision planning in design, engineering and manufacturing of lighter, smarter, value added, safe and faster premium bicycles which are comparable with global standards for exports and domestic market”, according to the commerce and industry ministry.
Young innovators win accolades at Spirit of Manufacturing Awards 2019
The winners were awarded across 5 categories based on the innovative sk...
Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT
Flipkart and Amazon have communicated to Department for Prom...
DPIIT kickstarts exercise to ease FDI norms more
The department held an inter-ministerial meeting to discuss further opening up in sectors, especially where 100% FDI is not allowed on the automatic route.
Government wants ecommerce companies to make kiranas part of their growth story
This comes against the backdrop of groups such as CAIT and AIMRA complaining to the govt about online deep discounting and alleging that ecommerce marketplaces violated FDI norms during the festive season. The govt wants to address the concerns of small retailers over online discounting and see how both sides can work together to their mutual benefit.
DPIIT to soon approach cabinet for Startup India Vision 2024
The department has proposed measures like easing regulatory requirements for startups such as reducing tax compliance time to just one hour per month and facilities of debt financing, the official said.
Setting up mechanism to handhold investors: DPIIT secretary
Guruprasad Mohapatra said the proposal is being sent to the Union Minister Piyush Goyal for approval, the new mechanism will help in all approvals and clearances that a company requires to set up a plant in a state or district or town.
DPIIT, aviation ministry exploring options to ease FDI norms to attract bidders for Air India
There are nine sectors where FDI is prohibited and that includes lottery business, gambling and betting, chit funds, Nidhi company, real estate business, and manufacturing of cigars, cheroots, cigarillos and cigarettes using tobacco.
DPIIT plans single window system to handhold foreign investors
Govt is planning to set up a single-window system to handhold foreign investors keen to invest in India.
DPIIT launches website, mobile app for IPR
The modules of this e-learning platform will aid and enable youth, innovators, entrepreneurs and small and medium industries (SMEs) in understanding IPRs for their ownership and protection.
DPIIT asks Amazon, Flipkart to disclose names of top 5 sellers, capital structure, inventory details
The DPIIT has asked the cos to share their capital structure, biz model & inventory management system.
Inter-ministerial group to discuss FDI policy easing on Oct 29
The exercise assumes significance as the department is holding series of internal meetings with different ministries and departments to look at sectors where more liberalisation of the FDI policy is possible. The main meeting will be chaired by DPIIT Secretary.
Govt keen to take startup story to small towns: DPIIT Secy
He vouched for regulatory measures even as he said the government would keep a hands-off approach to allow thriving of entrepreneurship in the country.
DPIIT seeks I&B Ministry's views on issues raised on 26% FDI in digital media sector
Industry players and experts have stated that the move to cap FDI in the sector to 26 per cent throws up questions that need clarifications as some of those who were looking to raise funds could be restricted.
DPIIT may meet Amazon, Flipkart on Thursday on deep discounts, predatory pricing issues
The development comes after industry associations of retail, mobile and FMCG sectors met commerce and industry Piyush Goyal.
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