Book by BestCurrentAffairs.com for IAS Prelims 2020
INDUSTRY
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[For IAS Prelims 2020]
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The Department also handles matters related to Protection of Intellectual Property Rights (IPR) and administers six Acts related to IPRs. It also handles matters related to Foreign Direct Investment (FDI) and Investment by NRIs, and undertakes promotion of investment for industrial development of the country. The Department is also responsible for Intellectual Property Rights relating to patents, designs, trade marks and Geographical indication of goods and oversees the initiative relating to their promotion and protection. National Manufacturing Policy (NMP) was notified with the objective of enhancing the share of manufacturing in GDP to 25 per cent and creating 100 million jobs over a decade or so. National Investment and Manufacturing Zones (NIMZs) are an important instrumentality of the Policy. The objective of the National Plan for Manufacturing Clusters is to bring about convergence in the multiple models of development of industrial clusters by the central and state governments so as to affect better cost efficiency and optimal utilization of resources. DPIIT is the nodal department for formulation of the policy on Foreign Direct Investment (FDI). It is also responsible for maintenance and management of data on inward FDI into India based on the remittances reported by the Reserve Bank of India. After abolition of the Foreign Investment Promotion Board (FIPB), process for granting FDI approvals has been simplified wherein the work relating to processing of applications for FDI and approval of the government thereon under the extant FDI Policy and FEMA is now handled by the concerned ministries/departments. However, DIPP is a single point interface of the government to facilitate investors for FDI through approval route. Make in India initiative was launched in September, 2014 as a national effort towards making India an important investment destination and a global hub for manufacturing, design and innovation. The programme is based on four pillars namely, new processes, new infrastructure, new sectors and new mindset. Action plans were put in place for 21 sectors covering infrastructure, manufacturing and services. The Public Procurement (Preference to Make in India) Order 2017 (PPP-MII Order) was issued in 2017 pursuant to Rule 153 (iii) of the General Financial Rules 2017 as an enabling provision to promote domestic value addition in public procurement. Under the PPP-MII Order, a Standing Committee, DPIIT has been constituted to review the implementation of order. A Public Procurement Cell has been created in the Department to monitor the grievances received for violation of PPPMII Order. India ranks 77th in the World Bank’s annual Doing Business Report (DBR) 2019 as against 100th rank in the DBR 2018. The DBR ranks countries on the basis of Distance to Frontier, an absolute score that measures the gap between India and the global best practice on 10 specified indicators. India’s absolute score improved from 60.76 in DBR 2018 to 67.23 in DBR 2019. The ease of doing business index is meant to measure regulations directly affecting businesses and a nation’s rank is based on the average of 10 indicators viz., starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. States too have been brought on board in the process to expand the coverage of these efforts. The assessment of Business Reforms Acton Plan, 2017-2018 was released jointly by DPIIT and the World Bank in 2018. An 80-point Business Reforms Action Plan 2019 has been prepared and shared with states and UTs. Launched in 2016, the startup India has rolled out several programmes with the objective of supporting entrepreneurs, building up a robust start up ecosystem and transforming India into a country of job creators instead of job seekers. These programmes are managed by a dedicated Startup India team, which reports to DPIIT. Under the Startup India Scheme, eligible companies can get recognized as startups by DPIIT in order to access a host of tax benefits, easier compliance, IPR fast tracking and other benefits. Invest India has been set up as a joint venture (not for profit) company between Department of Industrial Policy and Promotion, Federation of Indian Chambers of Commerce & Industry (FICCI), CII, NASSCOM and various state governments. Invest India is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors. Project Monitoring Group (PMG), was set up in Cabinet Secretariat in 2013 and has recently been merged with DPIIT from 2019, with Invest India providing support. The PMG is now known as Project MonitoringInvest India Cell (PMIC). Research Parks are being established at IIT Guwahati, Hyderabad, Kanpur, Kharagpur, IISc Bangalore, Gandhinagar, Delhi and Bombay.
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The Department for Promotion of Industry and Internal Trade (DPIIT) was established in 1995 and was reconstituted in 2000 with the merger of the Department of Industrial Development. Earlier separate Ministries for Small Scale Industries & Agro and Rural Industries (SSI&A&RI) and Heavy Industries and Public Enterprises (HI&PE) were created in October, 1999. The Department was earlier called Department of Industrial Policy & Promotion; and was renamed DPIIT in 2019. In 2018, the matters related to e-Commerce were transferred to the Department and in 2019 the Department was given charge for matters related to internal trade, welfare of traders and their employees and Start-ups.
India Year Book 2020 Synopsis
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Page No.70
