Stimulating investments New industrial policy It is currently working to frame a new industrial policy, to be the third such policy in
India since its independence in 1947. However, the deadline for completing the policy has been repeatedly pushed back since January 2018.
India Investment Grid The department has created an online portal called the India Investment Grid (IIG), an interactive investment portal providing details of sectors, states and projects in which domestic and foreign investors may sink in capital. in association with Invest India, India's national investment and facilitation agency. The initiative not only allows investors across the globe to easily search, identify and track investment worthy projects, but also allows promoters to highlight their projects along with requirements like funds, technology and collaboration needs with global audience.
Boosting startup growth The department is the nodal body for the
Startup India initiative, which aims to make India a hub for startups. It aims to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. According to the government, the focus areas include reduction in patent registration fees, freedom from mystifying inspections for first 3 years of operation, freedom from Capital Gain Tax for first 3 of operation, as well as self-certification compliance. The government has loosed the norms for startups and their backers to seek exemption from Angel Tax, but the tax remains. Almost 14,000 startups have been registered by DPIIT through its portal.
Framing e-commerce rules The department is currently framing the e-commerce policy, a set of rules aimed at streamlining and regulating the digital business ecosystem. ==Initiatives==