The department of industrial policy and PROMOTION (DIPP) has been renamed as the department for promotion of industry and internal trade
Mandate for the newly named department
The newly name department will work under the union Ministry of Commerce the order issued by the president states that the department would deals with the matter related to start- ups facility in ease of doing business among others
the subject matter of internal trades which was under the Ambit of the Ministry of Consumer Affairs has been transferred to the newly name the department
with this new mandate, both internal and external trade has been brought under a single ministry (Ministry of Commerce and industry) this will and ensure better coordination and help in promoting the growth of both segments of the trade
why the new mandate?
For a long time Confederation of All India Traders Association (CAIT) was demanding for a separate Ministry of internal trade. CAIT sees creation of separate Department by merging the internal and external trade is is a step forward in the creation of a separate ministry.
