Ministry of Commerce and Industry (India)

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Please improve this article if you can. (April 2008)

The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the Department of Industrial Policy & Promotion. The head of the Ministry is a Minister of Cabinet rank. As of May 2008, the minister of commerce and industry is is Kamal Nath.

1 Department of Commerce
2 Department of Industrial Policy & Promotion
3 Administrative Setup
4 References

[edit] Department of Commerce

The department is entrusted with formulating and implementing the foreign trade policy 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.

In order for the smooth functioning, the Department is divided into nine divisions:

Administrative and General Division
Finance Division
Economic Division
Trade Policy Division
Foreign Trade Territorial Division
Export Products Division
Export Industries Division
Export Services Division
Supply 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

[edit] Department of Industrial Policy & Promotion

This department was established in the year 1995, and in the year 2000 Department of Industrial Development was merged with it. This department is responsible for 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 of Industrial Policy & Promotion is responsible for the overall Industrial Policy. It is also responsible for facilitating and increasing the FDI flows to the country.

Department of Industrial Policy and Promotion is also responsible for intellectual property rights relating to patents, designs, trademarks, and Geographical Indication of Goods and oversees the initiative relating to their promotion and protection.

[edit] Administrative Setup

The department is headed by the Minister of State for Industries. The incumbent^[when?] is Shri Ashwani Kumar. It functions under the overall control of the Minister of Commerce and Industry.

[edit] References

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