MarketMinistry of Commerce and Industry (India)
Company Profile

Ministry of Commerce and Industry (India)

The Ministry of Commerce and Industry is a ministry of the Government of India responsible for facilitating trade, regulating markets, promoting economic growth through industry development, setting trade policies, overseeing compliance with regulations, fostering relationships with businesses, and advocating for industry needs within a government framework; essentially managing the flow of goods and services between producers and consumers both domestically and internationally.

Organisation
Department of Commerce The Department of Commerce is responsible for the formulation and implementation of foreign trade policies and responsibilities relating to multilateral and bilateral commercial relations, state trading, export promotion measures, and development and regulation of certain export oriented industries and commodities. The department is divided into eight divisions: • Administrative and General Division • Finance Division • Economic Division • Trade Policy Division • Foreign Trade Territorial Division • State Trading & Infrastructure Division • Supply Division • Plantation Division The subjects under the administrative control of the department include: • International trade • Foreign Trade • State trading • Management of Indian Trade Services • Special Economic Zones Department for Promotion of Industry and Internal Trade The Department for Promotion of Industry and Internal Trade was established in 1995, and in 2000, the Department of Industrial Development was merged with it. The department is responsible for the formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives. While individual administrative ministries look after the production, distribution, development and planning aspects of specific industries allocated to them, Department for Promotion of Industry and Internal Trade is responsible for the overall Industrial Policy. It is also responsible for facilitating and increasing the FDI flows to the country. It is also responsible to calculate WPI (I.e. Wholesale Price Index). The Department for Promotion of Industry and Internal Trade is also responsible for intellectual property rights relating to patents, designs, trademarks, copyrights and geographical indication of goods and oversees the initiative relating to their promotion and protection. Recently instituted National Startup Award by the ministry recognised 46 startups on the eve of First National Startup Day announced by Hon'ble Prime Minister Narendra Modi. udChalo, Ratan Tata backed Repos and others remarkable startups are among the winners. Autonomous BodiesAgricultural and Processed Food Products Export Development AuthorityCoffee Board of India • Export Inspection Council of India • Indian Institute of Packaging • Indian Institute of Plantation Management, Bangalore • National Institutes of Design • National Council for Cement and Building Materials • National Turmeric Board • National Productivity CouncilQuality Council of IndiaTea Board of India PSU • India International Convention & Exhibition Centre (IICC) Limited • National Industrial Corridor Development Corporation Section 8 CompanyIndia Trade Promotion Organisation (ITPO) • The Plastics Export Promotion Council InstituteFootwear Design and Development Institute == Cabinet ministers ==
Cabinet ministers
Minister of Commerce (19471999) Minister of Industry (19501999) ;Key : Assassinated or died in office Minister of Commerce and Industry (1999present) == Ministers of State ==
Ministers of State
Minister of State for Commerce (19471999) Minister of State for Industry (19471999) Minister of State for Commerce and Industry (1999present) == See also ==
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