The government is working on a new industrial policy with a view to promoting and developing frontier technologies, innovation and enhancing competitiveness of domestic products. “With the changing manufacturing scenario, introduction of new technologies, innovation, R&D, artificial int…
Tag: DIPP
Ministries to decide on FDI proposals within 60 days: FinMin
The government has said post the abolition of the FIPB, Ministries will have to decide on FDI proposals within 60 days of the application and any rejection will need concurrence of the DIPP. India had, in May, scrapped the 25-year old foreign investment advisory body FIPB as it looks to attract m…
India-Germany to sign pact for start-up exchange programme
Indian start-ups may soon get easier access to the German market and investments, thanks to an agreement the government is planning to sign with the country for a start-up exchange programme. Commerce and Industry Minister Nirmala Sitharaman, during her recent visit to Germany alongside Prime Min…
Startup: केंद्र की तर्ज पर उत्तराखंड में स्टार्टअप पॉलिसी मंजूर, जानिए खास बातें
उत्तराखंड के युवाओं को उद्यमिता के साथ ही स्वरोजगार से जोड़ने के लिए राज्य सरकार ने केंद्र सरकार की तर्ज पर स्टार्टअप पॉलिसी को मंजूरी दे दी है। इसके अलावा 40 हजार करोड़ के सालाना बजट को भी मंजूरी मिली। सचिवालय में 1 जून को मुख्यमंत्री की अध्यक्षता में हुई कैबिनेट बैठक में यह फैसले […]
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After ban on cattle slaughter, Govt to announce Rs 4k cr package for leather industry
With the Central government announcing curbs on cattle slaughter on May 26, the leather exports industry seems to be bracing itself for a rapid downward spiral. Though there seems to be a lot of misinterpretation on the latest notification, till the Government comes up with a plausible explanatio…
Startup: डीआईपीपी ने स्टार्टअप्स के लिए माँगा अतिरिक्त फण्ड
कॉमर्स मिनिस्ट्री के अंतर्गत कार्य करने वाले और स्टार्टअप के लिए देश में नोडल एजेंसी, औद्योगिक नीति और संवर्धन विभाग (डीआईपीपी) ने वित्त मंत्रालय से वित्तीय-वर्ष 2017-18 में स्टार्टअप के लिए फंड आफ फंड्स फॅार स्टार्टअप्स के तहत (एफएफएस) अतिरिक्त $ 247.7 मिलियन (1,600 करोड़ रूपये) जारी करने की मां…
DIPP asks for additional $247.7 m in fund of funds for FY ’17-18
The Department of Industrial Policy and Promotion (DIPP) has reportedly asked the Finance Ministry to release an additional $247.7 Mn (INR 1,600 Cr) under the Fund of Funds for startups (FFS) in FY 17-18. The Fund of Funds was sanctioned for contribution to various Alternative Investment Funds (A…
Planning to get into start-ups? First, brush up your knowledge!
Department of Industrial Policy and Promotion (DIPP), under the Indian government’s Ministry of Commerce and Industry, in a notification dated 23 May 2017, has issued new guidelines on the startup scenario. These new recommendations are in supersession of the notification earlier issued by DIPP o…
Fund of Funds looks for fresh capital infusion
The Fund of Funds (FoF) created by the government for pumping money into start-ups is in need of a fresh infusion. The Department of Industrial Policy and Promotion (DIPP), which is the nodal department for managing the fund, has asked the Finance Ministry for an additional allocation of Rs 1,600…
Qualification tweaked: Start-up India benefits to now flow for 7 years
New Delhi: The government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan. So far, only companies up to five years from the date of incorporation were eligible for concessions un…