Year End Review - 2020 for Department for Promotion of Industry & Internal Trade

Last updated: 19 May 2021

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The Department for Promotion of Industry & Internal Trade (DPIIT) had a significant year in 2020, marked by the launch of the Production-Linked Incentive Scheme for 13 sectors and a notable 11% increase in FDI inflow. India's ranking in the World Bank's Doing Business Report improved to 63rd, positioning it as a top improver. Key initiatives also included the development of the Investment Clearance Cell and the Industrial Information System to streamline investment processes and support businesses.

Production-Linked Incentive Scheme for 13 sectors Investment Clearance Cell -a one-stop digital platform to provide facilitation and support to businesses, is being set up Industrial Information System to help investors identify their preferred location for investment launched One District One Product for AatmaNirbhar Bharat FDI inflow increased by 11% from USD 42.06 billion to US$ 46.82 billion The major highlights of the Department for Promotion of Industry Internal Trade durin

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FAQ :

The Production-Linked Incentive Scheme was launched to boost manufacturing, covering 13 sectors with an outlay of Rs 1.97 lakh crore over five years.

India's rank improved to 63rd out of 190 countries in the Doing Business Report 2020, with the World Bank acknowledging India as a top improver for the third consecutive time.

The Investment Clearance Cell is a one-stop digital platform being set up to provide facilitation and support to businesses, planned for launch with select states by April 2021.

The IIS is a GIS-enabled database developed by DPIIT to help investors identify suitable industrial locations across the country, with a national land bank being developed.

DPIIT has supported startups through initiatives like the Startup India campaign, a Rs 10,294.27 crore Startup Fund of Funds, and by facilitating procurement on the Government E-Marketplace (GeM) portal.

FDI inflow increased by 11% in 2020, rising from USD 42.06 billion to US$ 46.82 billion.

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