DPIIT

Approvals to Elon Musk-owned Starlink for starting satcom services in India may get delayed with the communications ministry now seeking clarity from the Department for Promotion of Industry & Internal Trade (DPIIT) about mandatory ownership disclosure rules.DPIIT had in 2020 amended the foreign investment policy to make prior government approval mandatory for inflows from countries sharing a land border with India through Press Note 3, which also requires all foreign investors to share complete shareholding details…

The proposed national ecommerce policy being formulated by the commerce and industry ministry is in the final stages and expected to be announced very soon, union minister Piyush Goyal said on Thursday. In August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of ecommerce firms and a domestic traders' body on the proposed policy. "It is at the final stages of discussion at the highest level in the government. We hope to come out very soon," the commerce…

Government's initiative Open Network for Digital Commerce has collaborated with a subsidiary of the National Stock Exchange to launch an academy to provide information to sellers and network participants about simple ways to conduct e-commerce business. In the current phase, the ONDC Academy will provide learning content in text and video formats to sellers about managing their operations effectively on the Open Network for Digital Commerce (ONDC), Joint Secretary in the Department for Promotion of Industry and Internal…

An inter-ministerial consultation is going on to frame an e-commerce policy which would help in providing a conducive environment for inclusive and harmonious growth of the sector, a top government official said. Secretary in the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh said that broadly the intention is to make the policy work along with the consumer protection rules and not in conflict with each other. The policy aims to prepare strategies for providing a conducive environment…

The Department for Promotion of Industry and Internal Trade (DPIIT) is undertaking a third-party assessment of the Rs 945-crore Startup India Seed Fund Scheme to see its impact on the ground, a senior government official said on Tuesday. The scheme, launched in April 2021, aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialisation. The fund was divided into four years for providing seed funding to eligible startups through incubators…

The Department for Promotion of Industry and Internal Trade (DPIIT) is in the process of undertaking a third party assessment of Startup India Seed Fund Scheme to see its impact on the ground, a senior government official said on Friday. The Rs 945-crore scheme was launched in 2021. It aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization. The fund was divided into four years for providing seed funding to eligible startups through…

India's mobile exports so far during the current financial year are worth around Rs 50,000 crore and are expected to quadruple in comparison to that in 2020-21, DPIIT Secretary Anurag Jain told ANI. In pre-pandemic 2020-21 and in 2021-22, the overall mobile exports, according to him, were worth Rs 22,500 and Rs 45,000 respectively."If you have seen, in the financial year 2020-21, mobile exports from our country were Rs 22500, and it has increased to Rs 45,000 crore in 2021-22, which means it has directly doubled. So far…

…

The government on Thursday assured the automobile industry that it is ready to act on demands that are equitable and in line with public policy. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said that the government has to look at the demands from all angles. “Government is ready to listen. Please come to us and tell your problems…If your demands are equitable, trust me, we will move at equal pace with you,” Jain said here at the annual session of the Society of Indian…