Department for Promotion of Industry and Internal Trade [DPIIT]

DPIIT stands for The Department for Promotion of Industry and Internal Trade. The central government is responsible for DPIIT as it falls under the Ministry of Commerce and Industry in India. The department is accountable for designing and executing developmental and promotional initiatives to boost the growth of the industrial sector. Their measures or views are aligned with socio-economic goals.

Department for Promotion of Industry and Internal Trade [DPIIT]

There are individual ministries set up to supervise and maintain the distribution, manufacture, planning, and development of particular industries. However, DPIIT looks after the overall industrial policy. The Department was first established in 1995, and in the year 2000, it was reconstituted with the Department of Industrial Development merger. DPIIT works with other predominant industrial organizations like ASSOCHAM, Confederation of Indian Industry, Federation of Indian Chambers of Commerce and Industry, etc., to stimulate FDI to promote industrial cooperation in India.

Functions of Department for Promotion of Industry and Internal Trade [DPIIT]

Here are the tasks performed by the DPIIT:

Industrial Policies

• The department is responsible for designing and executing industrial policies formulated by the government of India.
• They devise strategies according to the national development objectives and implement them to promote the development of industries.
• Overlooking a particular industry's industrial growth and performance is assigned to the department—offering advice on all technical industrial matters.

Intellectual Property Rights

Designing policies related to Intellectual Property Rights. Below are some fields related to the policies formulated under Intellectual Property Rights-

• Patterns and Trademarks
• Industrial Designs
• Geographical Indication of Goods
• Promotion of top-notch quality productivity and technical cooperation
• Supervising the regulations formulated under the Administration of Industries Act in the year 1951

Encouraging industrial development of backward industrial areas and the north-eastern region of India. It also includes international cooperation for industrial partnerships.

Foreign Direct Investment (FDI)

• Drawing up policies for Foreign Direct Investment (FDI) and ensuring its promotion and proper implementation.
• Supporting collaborations or mergers at the mint price level and conceiving policy parameters for foreign tech.
• With the change in its name, DPIIT also witnessed a change or addition of responsibilities. They were-
• In 2018, DPIIT took all e-commerce matters under its division.
• All matters related to the internal trade welfare of traders, start-ups and their employees are now included as one of the responsibilities of DPIIT in 2019.

The DPIIT continues to play a significant role in ensuring the growth of the Indian industrial sector. Moreover, the DPIIT has made the administration of crucial industrial policies and strategies more straightforward.

FAQs on the Department for Promotion of Industry and Internal Trade [DPIIT]

Q.1. What is the Department for Promotion of Industry and Internal Trade [DPIIT] in India?

The Department for Promotion of Industry and Internal Trade [DPIIT] is a central government department under the Ministry of Commerce and Industry in India.

Q.2. What are the functions of the Department for Promotion of Industry and Internal Trade [DPIIT]?

The role of the Department for Promotion of Industry and Internal Trade [DPIIT] is to promote/accelerate the industrial development of the Country by facilitating investment in new and upcoming technology and foreign direct investment and supporting the balanced development of industries.

Q.3. With regards to the Department for Promotion of Industry and Internal Trade [DPIIT], when was the National Design Policy approved?

With regards to the Department for Promotion of Industry and Internal Trade [DPIIT], the Government of India approved National Design Policy on February 8, 2007.

Q.4. Name some of the Acts administered by the Department for Promotion of Industry and Internal Trade [DPIIT].

Few Acts administered by the Department for Promotion of Industry and Internal Trade [DPIIT] are -

• Inflammable Substance Act 1952
• Designs Act 2000
• Salt Cess Act 1953
• Central legislations of Explosives Act 1884
• Boilers Act 1923