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Major Initiatives and Achievements of Department Of Industrial Policy & Promotion 2016

News and Press Release - Dated:- 4-1-2017 - Major Initiatives and Achievements of Department Of Industrial Policy & Promotion - 2016 FDI Policy Reforms for Economic Growth Intellectual Property Rights (IPR) Policy formulated National Industrial Corridor Development & Implementation Trust (NICDIT) to provide for integrated development of Industrial corridors Incentives under Make in India & Start-up India Foreign Direct Investment Consolidated FDI Policy Circular of 2016: The ninth ed .....

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ents became effective from the date of release of the press note i.e. 24th June, 2016. The reforms inter-alia include FDI beyond 49% in Defence under approval route and 100% FDI for e-commerce in Food Products manufactured/ produced in India under approval route. Government vide Press Note 6 (2016) dated 25.10.2016 reviewed FDI policy on Other Financial Services and NBFCs. Foreign Investment in financial services activities regulated by financial sector regulators will be 100% under the automati .....

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ighest ever for any financial year till date. § During the current financial year, The FDI inflows during April-October, 2016-2017 stood at US$ 27.82 billion as compared to US$ 21.87 billion in April-October 2015-2016. § Manufacturing constitute around 41.5% of the equity inflows while non-manufacturing around 58.5% (during April 2014 to Sept 2016) Intellectual Property Intellectual Property Rights (IPR) Policy: In May, 2016, Government for the first time adopted a comprehensive Nation .....

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have strong and effective IPR laws; modernize and strengthen service-oriented IPR administration; get value for IPRs through commercialization; strengthen enforcement and adjudicatory mechanisms for combating IPR infringements; and to strengthen and expand human resources, institutions and capacities for teaching, training, research and skill building in IPRs. Subsequent to the approval of this policy, a Cell for Intellectual Property Rights Promotion and Management (CIPAM) has been created as .....

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astructure National Industrial Corridor Development & Implementation Trust (NICDIT): Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF Trust) is now re-designated with an expanded mandate of integrated development of Industrial Corridors. This would be an Apex body under administrative control of DIPP for coordinated and unified development of all industrial corridors in the country. It will channelize Govt. of India (GoI) funds as well as institutional funds for .....

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project cost of ₹ 6,414.21 crore. § Investment of ₹ 2,397.20 crore as 49% equity of DMIC Trust in the City/ Node SPV in a phased manner; and issuance of EPC tenders for selection of contractors for various packages of trunk infrastructure in a phased manner. § Development of the SBIA as a manufacturing hub will generate a series of direct and indirect benefits through employment, development of ancillary units and spin-off of socio-economic benefits. Modified Industrial Inf .....

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e are at in-principle approval stage. Central assistance of ₹ 181.92 crore has been released to 22 projects as on 31.10.2016. Support to Industry Indian Leather Development Programme: One of the major activities under Indian Leather Development Programme is to provide placement linked skill development training to unemployed youth. As against the target of providing training to 1.44 Lakh persons during 2016-17, 60,705 unemployed persons have been trained out of which 48,752 trainees have b .....

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vement reports in respect of eleven sectors viz. Power, Mining, Automotive, Telecommunication, Textile & Apparel, Electronics & IT, Skill Development, Leather and Port & Shipping Tourism and Food Processing have been released during the year. Ease of Doing Business: The World Banks Doing Business 2017 report shows that for the first time the absolute score of Distance to Frontier that measures the gap between India and the global best practice has increased for two consecutive years. .....

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