The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the Department for Promotion of Industry & Internal Trade. The head of the Ministry is a Minister of Cabinet rank.

Minister of Commerce and Industry

The Minister of Commerce and Industry is the head of the Ministry of Commerce and Industry and one of the cabinet ministers of the

Government of India The Government of India ( ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

. The first Minister of Commerce and Industry of independent India was

Syama Prasad Mukherjee Syama Prasad Mukherjee (6 July 1901 – 23 June 1953) was an Indian politician, barrister and academician, who served as India's first Minister for Industry and Supply (currently known as Ministry of Commerce and Industry) in Jawaharlal Nehru' ...

. The current Minister is Piyush Goyal of the

Bharatiya Janata Party The Bharatiya Janata Party (BJP; ; ) is a political party in India, and one of the two major List of political parties in India, Indian political parties alongside the Indian National Congress. Since 2014, it has been the List of ruling p ...

. Goyal took over from

Suresh Prabhu Suresh Prabhakar Prabhu (born 11 July 1953) is an Indian politician, India's Sherpa (emissary), Sherpa to the G7 anChancellor of Rishihood University who was the Ministry of Civil Aviation (India), Minister of Civil Aviation, Ministry of Rail ...

on 31 May 2019.

Past Ministers: Industry

Past Ministers: Commerce

Present : Commerce & Industry

List of Ministers of State

Department of Commerce

The department is entrusted with formulating and implementing the

foreign trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant ...

policy and responsibilities relating to multilateral and bilateral commercial relations, state trading,

export An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is a ...

promotion measures, and development and regulation of certain export oriented industries and commodities. In order for the smooth functioning, the department is divided into eight divisions: * Administrative and General Division Ministry of Commerce and Industries India

Ministry of Commerce and Industries India

* Finance Division * Economic Division * Trade Policy Division * Foreign Trade Territorial Division * State Trading & Infrastructure Division * Supply Division * Plantation Division The subjects under the administrative control of the Department include: * International trade * Foreign Trade * State trading * Management of Indian Trade Services *

Special Economic Zone A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...

Department for Promotion of Industry and Internal Trade

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 In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in constructi ...

, 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 for Promotion of Industry and Internal Trade is responsible for the overall Industrial Policy. It is also responsible for facilitating and increasing the FDI flows to the country. It is also responsible to calculate WPI (I.e. Wholesale Price Index). The Department for Promotion of Industry and Internal Trade is also responsible for

intellectual property Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, co ...

rights relating to

patent A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A ...

s, designs,

trademark A trademark (also written trade mark or trade-mark) is a type of intellectual property consisting of a recognizable sign, design, or expression that identifies products or services from a particular source and distinguishes them from ot ...

copyright A copyright is a type of intellectual property that gives its owner the exclusive right to copy, distribute, adapt, display, and perform a creative work, usually for a limited time. The creative work may be in a literary, artistic, educatio ...

s and geographical indication of goods and oversees the initiative relating to their promotion and protection. Recently instituted National Startup Award by ministry of commerce and industry recognised 46 startups on the eve of First National Startup Day announced by Hon'ble Prime Minister

Narendra Modi Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament from ...

. udChalo,

Ratan Tata Ratan Naval Tata, GBE (born 28 December 1937) is an Indian industrialist and former chairman of Tata Sons. He was also the chairman of the Tata Group from 1990 to 2012, serving also as interim chairman from October 2016 through February 201 ...

backed Repos and others remarkable startups are among the winners.

References

External links

Department of CommerceDepartment for Promotion of Industry and Internal Trade
{{DEFAULTSORT:Ministry Of Commerce And Industry (India) Commerce and Industry Anti-dumping authorities

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...