The Department for Promotion of Industry and Internal Trade (DPIIT)

DPIIT is a government department in India tasked with promoting and facilitating industrial
development, trade, and investment within the country.
DPIIT's key responsibilities include formulating industrial policies, attracting domestic and
foreign investment, promoting entrepreneurship and innovation, facilitating trade and
commerce, and coordinating with various stakeholders to create an enabling business
environment.

What does the department do?

1. Policy Formulation and Planning:

 Analysing economic trends and global market dynamics.
 Formulating policies and investment strategies.
 Planning on how to attract foreign investments.

2. Investment Promotion:
 Identifying and promoting investment opportunities in various sectors
 Providing information and support to investors throughout the investment
lifecycle.

3. Industrial Development and Support:

 Supporting the development of industrial infrastructure including special
economic zones (SEZs).
 Promoting entrepreneurship and fostering the growth of micro, small, and
medium-sized enterprises (MSMEs) through financial assistance

4. Trade Facilitation and Export Promotion:

 Simplifying trade procedures and reducing regulatory barriers to promote ease
of doing business.
 Providing export promotion services and implementing them

5. Regulatory Reform and Compliance:

 Reviewing and reforming regulations to improve the business environment,
enhance regulatory transparency, and reduce regulatory burden.
 Streamlining administrative processes, licenses, and permits to facilitate ease
of doing business and promote investment.

6. Monitoring and Evaluation:
 Monitoring the implementation of industrial policies, investment promotion
initiatives, and trade facilitation measures to assess their effectiveness and
impact.
 Conducting periodic evaluations and performance assessments to identify
bottlenecks, gaps, and areas for improvement.
What DPIIT offers to the stakeholders –
 Provides personalized support, advisory services, and facilitation to stakeholders.
 Assists stakeholders in obtaining necessary approvals, licenses, and permits for their
projects.
 Promotes investment projects through investor meets, roadshows, and matchmaking
events.
 Provides training programs, incubation facilities, and mentorship support to
entrepreneurs and startups.
 Represents stakeholders' interests at various forums, advocating for conducive
regulatory frameworks, trade facilitation measures, and industry-friendly policies.
 Conducts periodic evaluations and performance assessments, incorporating
stakeholder feedback.

Startups and business can be recognised by DPIIT, to receive DPIIT recognition, eligible
businesses must submit an online application that includes details about their business, team,
product or service, and funding.
Once recognised, the stakeholders receive various benefits like -
1. Tax Benefits: Recognized businesses may get tax breaks. For instance, startups under
the Startup India Scheme don't pay income tax for three years. They can also deduct
100% of profits for five years out of seven from incorporation.

2. Easier Access to Funding: DPIIT recognition attracts investors and lenders. They see
recognized businesses as having more potential for growth and profitability, making it
easier to secure funding.

3. Brand Boost: Being recognized by DPIIT adds credibility to a startup. It helps build
trust with customers and investors. Also, it opens doors to networking events and
mentorship programs, helping the startup connect with industry leaders and
customers.