functions of Development of Trade and Industry
Answers
Formulation and implementation of industrial policy and strategies for industrial development in conformity with the development needs and national objectives;
Monitoring the industrial growth, in general, and performance of industries specifically assigned to it, in particular, including advice on all industrial and technical matters;
Formulation of Foreign Direct Investment (FDI) Policy and promotion, approval and facilitation of FDI;
Encouragement to foreign technology collaborations at enterprise level and formulating policy parameters for the same;
Formulation of policies relating to Intellectual Property Rights in the fields of Patents, Trademarks, Industrial Designs and Geographical Indications of Goods and administration of regulations, rules made there under;
Administration of Industries (Development & Regulation) Act, 1951
Promoting industrial development of industrially backward areas and the North Eastern Region including International Co-operation for industrial partnerships and
Promotion of productivity, quality and technical cooperation.