Department for Promotion of Industry and Internal Trade
The Department for Promotion of Industry and Internal Trade (DPIIT) was established in 1991. It focuses on enhancing the competitiveness of the Indian industry. DPIIT plays a crucial role in formulating policies for foreign direct investment (FDI). It also promotes startups and innovation. The department supports the Make in India initiative to boost manufacturing. It collaborates with various state governments for industrial development.
The Government of India updated the Foreign Direct Investment (FDI) approval process on May 5, 2026, establishing a strict 12-week deadline for clearing investment proposals. Administered via the...