Draft Rules to amend the Gas Cylinders Rules 2016 published
Dated 3rd January, 2018 | Copy of | Industrial Policy Notification Sl.1 | INDUSTRIAL POLICY The draft of the following rules further to amend the Gas Cylinders Rules, 2016 which the Central Government proposes to make in exercise of the powers conferred by section 5 and 7 of the Explosives Act, 1884 (4 of 1884) is hereby published as required by sub-section (1) of section 18 of the said Act for information of all persons likely to be affected thereby; and notice is hereby given that the said draft rules shall be taken into consideration after thirty days from the date on which the copies of this notification as published in the Official Gazette, are made available to the public;Objections or suggestions, ...
WIPO and DIPP sign agreement to set up innovation centres in India
The Dollar Business Bureau To set up Technology and Innovation Support Centres (TISC), the Department of Industrial Policy and Promotion (DIPP) and the World Intellectual Property Organisation (WIPO) have entered into an agreement. For entrepreneurs and innovators in developing nations like India, these TISCs facilitate access to locally based technology knowledge banks and other ancillary services, which help them create, manage and protect their intellectual property rights (IPR). Some of the services offered by TISCs include database search training, access to a repository of patent/non-patent resources and IP-related publications, retrieval of technology information, and provision of basic information on laws, management, and technology commercialisation. Cell for IPR Promotion and Management (CIPAM) is the focal point for the formation of a TISC national network. CIPAM ...
Rubber industry demands separate body to promote exports
Himanshu Vatsa | The Dollar Business Rubber industry has asked the government to form a separate body to promote exports of rubber products from India. The All India Rubber Industries Association (AIRIA) has submitted its demand to the Commerce Ministry, seeking a dedicated export promotion council to encourage manufacturing of rubber products and their overseas shipment to tap the international market. At present, the export of rubber products comes under the Chemicals and Allied Products export promotion council (Capexil). “We have sent a letter to the Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce and demanded that there should be a separate export promotion council for rubber industry. The matter is still under consideration,” Sanjay Sanghvi, Secretary ...
Government to soon remove duty anomalies in medical devices sector
Source: PTI The government is working on several steps, including removing duty anomalies, to boost medical devices manufacturing sector and make it a $50 billion industry in the next five years, a top official on Friday said. Secretary in the Department of Pharmaceuticals, V K Subburaj, said that soon recommendations will be made to rectify the inverted duty structure for the growing medical devices sector. He said departments of health and pharmaceuticals along with the Department of Industrial Policy and Promotion (DIPP) is working on the matter and soon they will make recommendations to the revenue department on the issue. An inverted duty structure impacts domestic industry adversely as manufacturers have to pay a higher price for raw material in terms ...
Make in India initiative increases FDI inflow in industry sector
Source: PIB, Government of India FDI in Heavy Industries The Policy and information regarding Foreign Direct Investment (FDI) is maintained by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry. DIPP have informed that they do not maintain separate data on FDI in the ‘Heavy Industries’ sector. However, the FDI equity inflow received in the ‘Industry’ sector head shows 35.42% growth after the launch of ‘Make in India Initiative’ in September 2014 compared to the figures of the preceding corresponding period as given below: Period FDI Equity inflow (Amount in $Billion) October 2013 to May 2014 7.68 October 2014 to May 2015 10.40 Growth 35.42% This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises G M Siddeshwara in a written reply in Lok ...
Commerce Ministry to integrate government services to e-Biz: DIPP Secretary
Source: PTI The Commerce and Industry Ministry will integrate all the central and state government services to the e-Biz platform in a bid to make the country an easy place to do business, a top official said on Friday. The e-Biz portal provides one-stop clearance platform for investment proposals. "We have created an e-Biz platform where we are integrating (central and state services). 14 services of Government of India have been integrated." "But over the period of time, we will integrate all the state and central government services so that there is one paper and one point of payment to make India an easy and simple place to do business," Department of Industrial Policy and Promotion (DIPP) Secretary Amitabh Kant said ...
Government notifies composite cap for foreign investment
Source: PTI Sectors like insurance, pension, retail and pharmaceuticals will benefit from introduction of composite cap in the FDI policy which came into effect from today. In all these sectors, foreign portfolio investors can invest up to 49% under automatic route. The government today notified changes in the foreign direct investment (FDI) policy under which there will be a composite cap on overseas investment in various sectors, except in banking and defence segments. The other sectors which will be benefited from this concept include scientific journals, facsimile edition of foreign news papers, tea plantation and mining & mineral separation of titanium. At present, 100% foreign investment under government approval route is permitted in these sectors, except insurance and pension, where the cap ...
FDI in e-Commerce facilitates mass-scale dumping of products to India
Sai Nikesh | The Dollar Business In a step-ahead move to address the concerns of Indian retailers -online and offline, the Ministry of Commerce, Government of India, on Friday, convened a meeting that was chaired by Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP). Discussion on 100% FDI allowance in e-commerce sector, 'Ease of doing business', clarity on taxation, were among other key issues discussed in the meeting. Speaking to The Dollar Business on outcomes of the meet, Praveen Khandelwal, Secretary General, Confederation of All India Traders (CAIT), said, “All the concerns raised by trade bodies and e-commerce players were received positively...Since the matter on ‘FDI in e-Commerce’ is contentious, it has been announced that the Commerce Minister will be holding ...
