Rs 95,000 cr investment in PLI till Nov: DPIIT review
As per the review, the government has approved 746 PLI applications till November 2023 and established PLI units in more than 150 districts across 24 states. Moreover, import substitution of 60% has been achieved in the telecom sector and India has become almost self–reliant in Antennae, GPON (Gigabit Passive Optical Network) & CPE (Customer Premises Equipment). Key Points
Economic TimesDPIIT to roll out mandatory quality norms for home electrical appliances; one order to cover 85 standards
These products, which are divided under six categories, include Vacuum Cleaners, Electrical Shavers Hair, Massage Appliances, Electric Steam Cookers, Electric Heating Tools, Electric Coffee Makers, and Electric Food Processors. Most of the imports are coming from China. As many as 85 standards will be covered under one quality control order for safety of household, commercial and similar electrical appliances, Joint Secretary in the DPIIT Sanjiv told PTI. Key Points
Economic TimesGovt rolls out mandatory quality norms for electrical accessories
Under this order, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. The order will come into force from six months of the date of publication of the notification, DPIIT said. Key Points
Economic TimesCentre rejects Megha-BYD's $1 billion plan for four-wheeler facility
The two companies had in their application to the Department for Promotion of Industry and Internal Trade (DPIIT) proposed to set up an electric vehicle plant in Hyderabad. The DPIIT had sought opinions from other departments on the investment proposal. Key Points
Economic TimesDPIIT proposes to engage consultancy agency to draw reservation list to be used in FTA talks
The DPIIT (Department for Promotion of Industry and Internal Trade) plans to engage a consultancy agency to create a reservation list for items not qualifying for commitments under free trade agreements (FTAs). The list, accompanying the investment liberalization chapter in FTAs, restricts commitments to specific sectors/activities. Key Points
Economic Times
Govt to provide financial support to eligible agencies to promote GI
DPIIT is an arm of the commerce and industry ministry which deals with investments and intellectual property rights (IPRs). A GI, a kind of IPR, is primarily an agricultural, natural or manufactured product (handicraft and industrial goods) originating from a definite geographical territory. Key Points
Economic TimesAngel Tax: No assessment of startups registered with DPIIT
​This means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked up for scrutiny. There are 99,380 startups recognised by the DPIIT. Besides, in cases where proceedings are auto generated, contentions of such recognised startup companies on the issues will be summarily accepted . Key Points
Economic TimesStartup Mahakumbh | Deeptech startup policy in final stages of consultations: DPIIT secretary
DPIIT secretary discusses deeptech startup policy at Startup Mahakumbh event with thousands of participants and supporters. The event aims to boost the startup ecosystem with various stakeholders involved. Key Points
Economic TimesMake in India 2.0: DPIIT working closely with 24 sub-sectors to promote manufacturing, exports, cut import
On Tuesday, the Ministry of Commerce and Industry highlighted the significant achievements of the 'Make in India' initiative since its inception. The current emphasis is on 27 sectors as part of 'Make in India 2.0.' The Department for Promotion of Industry and Internal Trade (DPIIT) is actively overseeing action plans for 15 manufacturing sectors, while the Department of Commerce is coordinating efforts for 12 service sectors. Key Points
Economic TimesWe are not trying to put anybody out of business through ONDC: DPIIT Secretary
The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Rajesh Kumar Singh, has said that the Open Network for Digital Commerce (ONDC) initiative is not trying to put anybody out of business. He added that the goal is to democratise e-commerce for MSMEs and smaller producers, and provide a level playing field. Key Points
Economic Times
Social sector infrastructure to be part of PM GakiShakti plan: DPIIT secretary
The government is expanding its infrastructure plans to include social sectors such as hospitals, Anganwadi, schools, and colleges. The PM GatiShakti National Master Plan aims for integrated and synchronised implementation of projects, breaking departmental silos. Last-mile connectivity and area planning will be prioritized, ensuring saturation coverage and better planning across the country. Key Points
Economic TimesIndia will have to eventually move to lower customs duty regime, says DPIIT Secy Rajesh Kumar Singh
India will eventually move to a lower customs duty regime and cannot continue protecting domestic manufacturers by citing the infant industry argument. The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said tariffs are not considered a revenue source but are used as a policy tool to ensure higher protection for certain sectors to boost domestic manufacturing. Key Points
Economic TimesFDI equity inflows dip 34% to $10.94 bn in April-June
Foreign direct investment (FDI) into India dipped by 34 per cent to $10.94 billion during April-June period this fiscal year, according to the Department for Promotion of Industry and Internal Trade (DPIIT). FDI inflows stood at $16.59 billion during April-June 2022-23, the data from DPIIT showed. Key Points
Economic TimesIndustry should take up issues on e-logs platform: DPIIT
During the meeting, major issues impacting the trade were resolved to the satisfaction of all the stakeholders, the DPIIT said. Under the national logistics policy, a new digital platform Ease of Logistics Services (e-logs) has been started. Through this portal, industry associations can directly take up issues which are causing problems in their operations and performance with government agencies. Key Points
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