Additional Functions of the Department of Industrial Policy
Additional Functions of the Department of Industrial Policy
The Department of Industrial Policy is responsible for facilitating and increasing the FDI inflow in the country. Foreign Investment Promotion Board (FIPB) is now located in Department of Economic Affairs, Ministry of Finance. FIPB provides a time bound, transparent and pro-active FDI regime for approval of FDI investment proposals. The Department also plays a pro-active role in resolution of the problems encountered by foreign investors in implementation of their projects through Foreign Investment Implementation Authority (FIIA), which interacts directly with the Ministry or State Government concerned.
Department of Industrial Policy and Promotion is also responsible for Intellectual Property Rights relating to Patents, Designs, Trade Marks and Geographical Indication of goods and supervises the initiative relating to their promotion and protection. These include the outlining of policy and its implementation through the Office of the Controller General of Patents, Designs and Trade Marks. It promotes awareness regarding protection of the Intellectual Property Rights inherent in industrial property in alignment with the World Intellectual Property Organization (WIPO) and apex industry organizations, apart from similar initiatives involving regional industry associations. It also provides inputs on various issues relating to the Agreement on Trade Related Aspects of Intellectual Properties (TRIPS) related to World Trade Organization (WTO) in these fields.
The Department undertakes technical cooperation programme with the World Intellectual Property Organization (WIPO), Geneva for the modernization and up gradation of intellectual property administration relating to patents, designs, trademarks and geographical indications and the organization of Human Resource Development and awareness generation activities in the country.
Department of Industrial Policy and Promotion is the nodal Department in Government of India. It coordinates and implements programme with United Nations Industrial Development Organization (UNIDO) in India. UNIDO is a specialized agency of United Nations with a mandate to act as the central coordinating body for industrial activities within the United Nations system. India has been an active member of the Organization since its inception. Under the country service framework, UNIDO's activities in India are primarily focused in the fields of strengthening competitiveness of the industry through technology up gradation, promoting investment and promoting cleaner and environmentally sustainable technologies.
