Search Result for : Department Of Industrial Policy Promotion

General Index of Industrial Production for May 2015, 2.7% higher compared to May 2014

Source: PIB, Government of India The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of May 2015 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board. The General Index for the month ...

FDI in manufacturing of tobacco products prohibited: RBI

Source: PTI  Reserve Bank has said that Foreign Direct Investment in manufacturing of tobacco products is prohibited, though activities such as retail and wholesale trading fall under the sectoral restrictions. In a notification issued on Friday, RBI said Foreign Direct Investment (FDI) is prohibited in the manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes. It further clarified that the prohibition applies only to manufacturing of the products mentioned therein and foreign direct investment in other activities relating to these products including wholesale cash and carry, retail trading shall be governed by the sectoral restrictions laid down in the FDI policy. The Department of Industrial Policy & Promotion, under the Ministry of Commerce has framed these guidelines on sectoral ...

Further boost to defence manufacturing, DIPP clears defence licenses worth Rs 613 cr

Source: PIB, Government of India The Department of Industrial Policy & Promotion (DIPP) has been in the vanguard for undertaking major reforms to promote defence manufacturing under 'Make in India' initiative. Continuing with the momentum created, it has so far issued 73 industrial licenses in defence sector during last one year (since June 2014), against 50 licenses granted during 2011 to May 2014. These include 16 proposals with proposed investment of Rs. 613 crores, cleared in recent Licensing Committee meeting chaired by Secretary, DIPP, held on June 10, 2015. The proposals cleared in last Licensing Committee meeting included applications from major players like Pipavav, Tatas, Samtel Thales, Solar Industries, Titagarh, Wagons, Premier Explosives etc. Many of these proposals were pending ...

Cabinet nod for MoC between DIPP, Japan Patent Office

. Source: PIB, Government of India. The Union Cabinet chaired by the Prime Minister, Narendra Modi, today gave its approval for signing of a Memorandum of Cooperation (MoC) between the Department of Industrial Policy & Promotion (DIPP) and the Japan Patent Office (JPO), Ministry of Economy, Trade and Industry, Japan. The purpose of MoC is to establish a framework for bilateral cooperation in the field of Industrial Property (IP), with emphasis on capacity building, human resource development and awareness generation. The Offices will implement a biennial Action Plan comprising cooperation projects and activities principally, but not exclusively in the following areas: • Information sharing on IP Protection Systems and Practices. • Cooperation in the area of examination, including ...

General Index of Industrial Production high in April 2015 compared to previous year

Source: PIB, Government of India. The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of April 2015 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board. The General Index for the ...

Lack of infrastructure, skilled manpower impacting F&B industry: Report

The Dollar Business Bureau A complete lack of quality infrastructure and shortage of adequate skilled manpower are some key issues hampering the growth of the Food & Beverage service industry in India, as per a recent FICCI-Grant Thornton report released in the capital on Tuesday. Titled ‘Unlocking the potential in the food and beverage services sector’, the report highlights how government intervention in creating good infrastructure and developing skilled manpower can help in boosting the growth of the sector. It also proposes that real estate costs can possibly be reduced by lobbying with developers to create a better formula of rent sharing and developing innovative models for rent. Simplified licensing requirements with a single-window clearance approach and rationalisation of ...

India to market Make in India at Hannover Messe 2015 industrial fair in Germany

 The Dollar Business Bureau India is all set to market the main vehicle of its growth story, ‘Make in India’ in one of the leading industrial fairs of the world – Hannover Messe 2015 (Germany) as a Partner Country this year. The fair scheduled to open on April 12, 2015 will have Indian Prime Minister, Narendra Modi as part of the opening ceremony, where the India Pavilion will be jointly inaugurated by him and the German Chancellor, Angela Merkel, the following day. Six Indian States - Maharashtra, Andhra Pradesh, Punjab, Gujarat, Rajasthan and Uttar Pradesh have scheduled seminars to highlight investment and infrastructure opportunities in their respective regions. Government of India's Ministries and Departments will present 6 seminars involving ...

France to remain bullish on Make in India

The Dollar Business Bureau A White Paper on French Companies Making in India, prepared by the French Embassy says that 10 to 30 new French establishments are being set up every year in India since 2003. These new companies are normally specialists in one line of business; sometimes they are very specific and thus help in the growth of the Indian market. They generally have to face difficulties during the initial phase of their business setup. The share of SMEs (Small and Micro Enterprises) in these new establishments is more and more significant as they covered 50% of the new establishments in 2013.  There is an ever increasing growing presence of French independent entrepreneurs in India. The group’s size ...