Consider the following:
(1) DPIIT handles industrial promotion.
(2) It implements Gati Shakti.
Which of the above statements is/are correct?
Show answer & explanation
Correct answer: C
Explanation
Answer: (C) Both 1 and 2
Explanation –
The Department for Promotion of Industry and Internal Trade (DPIIT), which functions under the Ministry of Commerce and Industry, is the nodal department for industrial development and investment promotion in India.
Industrial Promotion: Statement (1) is correct because the primary function of the DPIIT is to formulate strategies for the development of the industrial sector, facilitate Foreign Direct Investment (FDI), and improve the 'Ease of Doing Business.' It also spearheads key initiatives such as 'Startup India' and 'Make in India.'
Implementation of Gati Shakti: Statement (2) is also correct. The responsibility for implementing the 'PM Gati Shakti – National Master Plan' lies with the DPIIT. To this end, a Logistics Division has been established within the department to monitor the planning and execution of infrastructure projects by ensuring coordination among various ministries. The objective of Gati Shakti is to reduce logistics costs and eliminate bottlenecks hindering infrastructure development.
Additional Points –
Former Name of DPIIT: It was previously known as the Department of Industrial Policy and Promotion (DIPP), which was renamed DPIIT in 2019.
Logistics Division: This division is also responsible for the implementation of the National Logistics Policy.
Potential Exam Questions –
Question: In which year was the 'Make in India' program launched, and which is its nodal department?
Answer: It was launched in 2014, and its nodal department is the DPIIT.
Question: Which office releases the data for the Wholesale Price Index (WPI)?
Answer: The Office of the Economic Adviser, DPIIT (Ministry of Commerce and Industry).