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DEPARTMENT OF INDUSTRIAL POLICY & PROMOTIONS MAJOR ACHIEVEMENTS (April 2016-July 2016)

News and Press Release - Dated:- 12-9-2016 - DEPARTMENT OF INDUSTRIAL POLICY & PROMOTIONS MAJOR ACHIEVEMENTS (April 2016-July 2016) MAJOR EVENTS, MEETINGS, SEMINARS etc. (1) START UP INDIA- The Department of Industrial Policy and Promotion (DIPP) organised a day-long Startup India States Conference on 23rd July, 2016 in New Delhi which was inaugurated and presided over by the Hon ble Minister of State (I/c) for Commerce and Industries, Ms. Nirmala Sitharaman. The aim was to provide a platfor .....

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they need to develop the flexibility to make course corrections. In the session with Incubators the need to include a course on entrepreneurship to inculcate the spirit among youth of country and the key role that incubators in educational institution play was highlighted; the missing links and hurdles in selection of right mentors was also discussed. Discussions with Investors brought out the need for startups to understand the importance of accountability, break-even and sustainability was em .....

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ent destination among the potential Egyptian investors. Among the 25 identified high priority sectors, focus was given in the presentation on Automobile, Infrastructure, Pharmaceuticals, Chemicals, IT & BPM, Food Processing, Tourism, Renewal Energy, Textile and Garments. Representatives from prominent, Federation of Egyptian industries, Egyptian Business Association, senior officials from General Authority for Investment and Free Zones (GAFI), officials from Chambers of Commerce attended the .....

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or their timely completion. (3) NATIONAL MANUFCTORING POLICY- 4th meeting of Green Manufacturing Advisory Committee (GMAC) constituted under National Manufacturing Policy (NMP) was held on 22nd April, 2016 for considering the proposal under Technology Acquisition and Development Fund (TADF) Scheme. A total number of 7 proposals (for Cycle-II), under the categories of acquisition technology, clean technology in manufacturing and solid waste management, were considered and approved by the GMAC und .....

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ed by the applicants for Cycle-3, under Technology Acquisition and Development Fund (TADF) Scheme held in July, 2016. Out of these 44 proposals, PoE has recommended for 30 proposals under the categories of direct/indirect technology acquisition; manufacturing equipments/technology; and water management. These proposals will now be considered by the GMAC for final approval under the TADF Scheme. MAJOR ACHIEVEMENTS/SIGNIFICANT DEVELOPMENTS (1) LAUNCH OF IPR POLICY-The Union Cabinet on 12th May, 20 .....

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DI Policy Circular of 2016 the ninth edition of the series was released on 7th June, 2016. This edition incorporates all FDI policy amendments carried out since the release of last FDI Circular i.e. since May 12, 2015. FDI Policy Circular, 2016 has been made simpler and investor friendly; and will serve as a ready reference for foreign investors on various provisions of the FDI policy. For details visit http://dipp.nic.in/English/Policies/FDI_Circular_2016.pdf DIPP issued Press Note 5 (2016 Seri .....

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ss to modern technology in the country or for other reasons to be recorded FDI limit for defence made applicable to Manufacturing of Small Arms and Ammunitions covered under Arms Act 1959 100% FDI under automatic route allowed in Broadcasting Carriage Services 74% FDI under automatic route permitted in brownfield pharmaceuticals FDI beyond 74% under government approval in brownfield pharmaceuticals 100% FDI under automatic route permitted in Brownfield Airport projects FDI limit for Scheduled Ai .....

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rivate Security Agencies raised to 74% FDI up to 49% allowed under automatic route and, beyond 49% and up to 74% with government approval in Private Security Agencies RBI permission not required for establishment of branch office, liaison office or project office or any other place of business in India if the principal business of the applicant is Defence, Telecom, Private Security or Information and Broadcasting Local sourcing norms relaxed up to three years for entities undertaking Single Bran .....

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5 sq kms) have been appointed in the month of May, 2016 who will design the systems/sub-systems, write specifications, define service level agreements, key performance indicators etc. for engaging one Systems Integrator or multiple System Integrators downstream. The system integrator(s) will in turn implement the complete ICT network on ground to connect all city services to IT network. Mass Rapid Transit System (MRTS) project between Ahmedabad to Dholera is being implemented so as to provide la .....

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built on smart city concept by integrating water, power, and connectivity to integration of IT services in managing various public utilities of the area. The project consultants have been appointed for finalizing the feasibility and preparation of master plan. The Joint Venture Agreement (JVA) has been executed between DMIC Trust and HSIIDC in June, 2016. Steps have been initiated for formation of the project SPV. Mass Rapid Transit System (MRTS) is planned between Gurgaon and Bawal (Haryana) t .....

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JICA Special Rolling Plan for DMIC Project. The Joint Venture Agreement (JVA) has also been executed between DMIC Trust and HSIIDC in June, 2016. Steps have been initiated for formation of the project SPV. The Integrated Multi Modal Logistics Hub (IMLH) Project in Haryana is envisaged to function as a dry port supplementing not just the storage, aggregation and export/import of the industrial freight in the region but also value addition services that shall allow for finishing of goods, packing, .....

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nd HSIIDC in June, 2016. Steps have been initiated for formation of the project SPV. A Logistics Data Services Project is implemented by DMICDC that will integrate information with various agencies across supply chain to provide detailed real time information in a single window. The concept of the Logistics Data Bank (LDB) has been developed to address the issue of tracking and viewing the movement of freight containers across the ports to the ICDs and end users. The LDB would be an overarching .....

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or. The project has been launched on 1st July, 2016 at JNPT Port, Mumbai. The model Solar Power Project is conceived as the first Smart Micro-Grid project in India, demonstrating the integration of solar power with industrial diesel generator sets (as the backup facility). The Model Solar Power Project consists of the development of 6 MWp Solar PV and 1.6 MW Diesel Generator Set integrated with a Smart Micro Grid feeding power to industrial consumers in Neemrana Industrial Park. 5MW Project has .....

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, launched Korea Plus, a special initiative to promote and facilitate Korean Investments in India on 18th June 2016 in New Delhi. An MOU for establishing Korea Plus was earlier signed between the Ministry of Trade, Industry and Energy, Govt. of the Republic of Korea and Invest India, the National Investment Promotion & Facilitation Agency of India in January 2016. This MOU came as an outcome of the visit of the Hon ble Indian Prime Minister to South Korea in May 2015. The launch took place i .....

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est India. India and the Republic of Korea relations have made great strides in recent years and Korea Plus will act as a catalyst in making these relations even more robust. (5) PUBLIC FINANCIAL MANAGEMENT SYSTEM (PFMS) - Hon ble Prime Minister has emphasized the need for improved financial management in implementation of Central Plans Schemes so as to facilitate Just-in-Time Releases and monitor the usage of funds including information on its ultimate utilization. Action plan for roll out of P .....

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