Government aiming to transform India into manufacturing hub with ‘Industrial Policy 2017’; Seeks comments, feedbacks and suggestions from stakeholders and public on policy discussion paper
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Tag: DIPP
Ministries’ decision on FDI proposals can’t be over-ridden, DIPP clarifies
The right to reject a foreign direct investment proposal in a sector vests with the designated administrative ministry and not the Department of Industrial Policy & Promotion. This is despite a provision in the rules that states that the DIPP’s “concurrence shall compulsorily be sought’’, a s…
Govt likely to approve Rs 2k cr Credit Guarantee Fund by September
The fund aims to support the ventures’ and entrepreneurs’ risk-taking abilities.
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Start-ups complain to Centre: ‘PSUs not following public procurement guidelines’
The central government is flooded with complaints from start-up firms stating that the Central public sector companies are not following the public procurement guidelines that exempt them from the requirement of “prior turnover and prior experience”. On May 17, 2017, Ramesh Abhishek, secretary, D…
Preferential Treatment Act & seed-funding scheme next on to-do-list of Assam for MSMEs
New Act to give preferential treatment to goods by MSMEs, while new scheme to provide seed fund of upto Rs 2 lakh to small traders & entrepreneurs
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Govt extends tax break for industry in hilly states till 2027
Industries in the north eastern and Himalayan states will continue to get tax exemption till March 2027, albeit as refund, under the current GST regime which was rolled out on July 1, Finance Minister Arun Jaitley said. “Within the framework of the GST Act each industry will be entitled…
#Freedom@70: Start-ups breaking grounds in independent India
Government came up with the ‘Startup India Campaign’ which was first announced by Prime Minister Narendra Modi on August 15, 2015.
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2 industrial parks likely to come up in Andhra Pradesh by 2018
he two projects will focus on the development of industrial clusters at Hindupur and Bobbili in the districts of Ananatapur and Vizianagaram respectively.
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Textile Min sets up institutional mechanisms to help realize full potential of textiles sector
Building on the overwhelming success of Textiles India 2017, Ministry of Textiles has set up institutional mechanisms to synergize efforts of the Ministry of Textiles, related Ministries and state governments to enable the textile industry achieve its full potential of production, exports and emp…
Post Startup India, over 2,195 new ventures get DIPP recognition
New Delhi: Over 2,196 new ventures have been recognised by the Department of Industrial Policy and Promotion (DIPP) since the launch of Startup India, easing patent filing and credit availability for them. Government data shows there has been a spurt in registrations of startups following the cha…