The government is hopeful of an increase in foreign direct investment (FDI) inflows in the coming months despite global headwinds, a senior official of the industry department said on Thursday. The official said the number of pending FDI proposals from China are lowest at present. “Foreign inflows have an effect because of the global slowdown … Read more
The Department for Promotion of Industry and Internal Trade (DPIIT) plans to issue 50 Quality Control Orders (QCO) by the second quarter of FY24 and is in the process to bring aluminium products, lighters, sports goods, potable water bottles and insulated flasks, resin-treated compressed wood laminates and wooden furniture under quality norms, to curb substandard … Read more
The government on Wednesday said that under the guidance of the Department for Promotion of Industry and Internal Trade (DPIIT), 787 new projects with an investment value of Rs 19.6 lakh crore have been brought on the Project Monitoring Group (PMG) for monitoring in FY22 and 44 projects with an investment value of Rs 1.25 … Read more
New Delhi: The Union Cabinet is likely to consider on Saturday a proposal seeking changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country’s largest insurer LIC, sources said. The Department for Promotion of Industry and Internal Trade (DPIIT) has mooted the proposal after taking views from the finance ministry. “The … Read more
The implementation framework for PM GatiShakti national master plan is taking its final shape at a faster pace and after April 1 this year, every infrastructure project is expected to route through the network planning group (NPG) constituted under this initiative, a top government official said. The PM GatiShakti plan was announced last year with … Read more
The government is willing to look at the Phased Manufacturing Plan (PMP) for the AC industry to check imports and increase local value addition and employment, said industry secretary Anurag Jain. At an event organised by the Department for Promotion of Industry and Internal Trade (DPIIT) and Ficci, he also said the government is fast-tracking … Read more
Union minister Piyush Goyal on Sunday assured that every stakeholder’s interest will be taken into consideration while framing the e-commerce policy which would be robust and in the interest of every Indian. Goyal, who heads commerce and industry as well as consumer affairs ministries, also said that he welcomes all the feedback on the draft … Read more
The government has set up a 25-member development council for cement industry under Dalmia Bharat Group CMD Puneet Dalmia which will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote standardization of products. The Department for Promotion of Industry and Internal Trade (DPIIT) said in an order that other functions … Read more
The government on Friday said that the application window for the production linked incentive (PLI) for white goods that includes ACs and LED lights is June 15- September 15, 2021 as it laid down strict eligibility criteria for investments to determine the eligibility of companies to avail benefits of the programme. As per the guidelines … Read more
The Department for Promotion of Industry and Internal Trade (DPIIT) is likely to review the award of air conditioning contract for metro cars for the Delhi-Meerut Rapid Regional Transport System (RRTS) to a Chinese company for any possible violation of the Make in India guidelines. The project is being developed by the National Capital Region … Read more