Less than a third of the 36 states and union territories heeded (until the second week of January) the central government’s request to relax inspection of start-ups under certain labour laws in initial years, even around a year after the Start-Up India programme was launched. Despite an aggressiv…
Tag: Department of Industrial Policy and Promotion (DIPP)
Budget 2017: Nirmala Sitharaman hints at tax sops for start-ups
The Department of Industrial Policy and Promotion (DIPP) has submitted a list of suggestions received by startups to the Finance Ministry, Minister of State for Commerce and Industry Nirmala Sitharaman shared on the sidelines of an event marking the one year anniversary of the Startup India initi…
Grofers India seeks govt approval for FDI in food trading
Grocery delivery start-up Grofers has sought government’s approval for foreign direct investment to carry out trading in food products. The government has recently permitted 100 percent FDI under government approval for trading, including through e-commerce, in respect of food products manu…
Food processing sector to treble in coming years: Harsimrat Kaur Badal
India’s food processing industry is expected to treble in the coming years on the back of higher economic growth and government initiatives like 100 per cent FDI in marketing of food items, Union Minister Harsimrat Kaur Badal said. At present, the size of India’s food processing industry is about…
India, Russia explore ways to boost trade, investment ties
India and Russia agreed to further strengthen and expand bilateral investment cooperation in priority projects in various sectors. The two countries reviewed existing projects and also discussed investment opportunities in new projects in sectors like chemical, automobiles, engineering and aviati…
E-commerce committee meets to discuss sector-related issues
The e-commerce committee headed by NITI Aayog CEO Amitabh Kant held its first meeting to deliberate on issues related with the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) and IT body NASSCOM gave detailed presentations to the members on fast the growing e-comm…
Ease of doing business rankings rankle states
A fierce competition has broken out among states on the ease of doing business rankings, with states contesting every point, while some have even hired top consultants to keep tabs on the entire process. States want these consultants, including PwC, EY and KPMG, to not just help them with their o…
DIPP plans reality show for startups
A reality show for Indian startups along the lines of Shark Tank is in the offing. The unlikely planner of the show is the Department of Industrial Policy and Promotion (DIPP), which is in the process of conceptualising the programme it wants to air on India’s national broadcast channel Doo…
Sitharaman pitches for cut in repo rate to help MSMEs
Making a strong case for providing medium & small manufacturers and exporters with cheaper credit, Commerce and Industry Minister Nirmala Sitharaman on August 24 pitched for a cut in the repo rate by as much as 200 basis points to help the cash-starved Micro, Small and Medium Enterprises (MSM…
Centre’s flagship initiatives likely to get additional funds
National industrial corridors, ‘Make In India,’ ‘Start-up India’ and the national Intellectual Property Rights (IPR) policy may get a major fillip later this year in terms of additional Budgetary allocation. The Department of Industrial Policy and Promotion (DIPP) — the nodal agency for industria…