The Ministry of Commerce and Industry is a ministry of the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

responsible for facilitating trade, regulating markets, promoting economic growth through industry development, setting trade policies, overseeing compliance with regulations, fostering relationships with businesses, and advocating for industry needs within a government framework; essentially managing the flow of goods and services between producers and consumers both domestically and internationally. The ministry was re-created on 13 October 1999 under

Prime Minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...

Atal Bihari Vajpayee Atal Bihari Vajpayee (25 December 1924 – 16 August 2018) was an Indian poet, writer and statesman who served as the prime minister of India, first for a term of 13 days in 1996, then for a period of 13 months from 1998 ...

as a result of the merger of the two independent ministries, the Ministry of Commerce and the Ministry of Industry. Both the independent ministries had existed since independence and had undergone significant changes over time. The ministry is administered through two departments, the Department of Commerce and the Department for Promotion of Industry and Internal Trade. The ministry is usually headed by a minister of cabinet rank and occasionally by a minister of state (independent charge). The current minister is

Piyush Goyal Piyush Vedprakash Goyal (born 13 June 1964) is an Indian politician who is serving as Ministry of Commerce and Industry (India), Minister of Commerce and Industry since 2019. He also served as Minister of Textiles (India), Minister of Textiles ...

who has been in office since 31 May 2019.

Organisation

Department of Commerce

The Department of Commerce is responsible for the formulation and implemention of

foreign trade International trade is the exchange of Capital (economics), capital, goods, and Service (economics), services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countr ...

policies 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. 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

The Department for Promotion of Industry and Internal Trade was established in 1995, and in 2000, the Department of Industrial Development was merged with it. The department is responsible for the 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 construc ...

, 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 sufficiency of disclosure, enabling discl ...

s, designs,

trademark A trademark (also written trade mark or trade-mark) is a form of intellectual property that consists of a word, phrase, symbol, design, or a combination that identifies a Good (economics and accounting), product or Service (economics), service f ...

copyright A copyright is a type of intellectual property that gives its owner the exclusive legal 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, ...

s and geographical indication of goods and oversees the initiative relating to their promotion and protection. Recently instituted National Startup Award by the ministry 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 who has served as the Prime Minister of India, prime minister of India since 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the Member of Par ...

. udChalo,

Ratan Tata Ratan Naval Tata (28 December 1937 9 October 2024) was an Indian industrialist and philanthropist. He served as the chairman of Tata Group and Tata Sons from 1991 to 2012 and he held the position of interim chairman from October 2016 to Feb ...

backed Repos and others remarkable startups are among the winners.

Autonomous Bodies

Agricultural and Processed Food Products Export Development Authority The Agricultural and Processed Food Products Export Development Authority (APEDA) is a statutory body established in 1986 under the Ministry of Commerce and Industry, Government of India, to promote the export and development of agricultural an ...

National Institute of Design The National Institutes of Design (NID) are a group of autonomous public design institutes in India, with the first institute established in 1961 in Ahmedabad. The other NIDs are located in the cities of Kurukshetra, Amaravati, Jorhat and Bho ...

Indian Institute of Packaging The Indian Institute of Packaging (IIP) is an autonomous apex body operating under the administrative control of the Ministry of Commerce and Industry, Government of India, established in 1966. Its objective is to improve the packaging standard ...

Quality Council of India The Quality Council of India (QCI) was set up as a public private partnership model on the model existing in Netherlands at the time, where although the National Accreditation Body (NAB) was not owned by the government, the government supported i ...

Tea Board of India The Tea Board of India is a state agency of the Government of India under the control of the Ministry of Commerce and Industry, established to promote the cultivation, processing, and domestic trade as well as export of tea from India. It was e ...

Coffee Board of India The Coffee Board of India (CBoI) is an autonomous organisation managed by the Ministry of Commerce and Industry, Government of India to promote coffee production in India. The head office of the Coffee Board is situated in Bangalore. History T ...

#National Council for Cement and Building Materials #Export Inspection Council of India

Institute

Footwear Design and Development Institute Footwear Design and Development Institute is an educational institute headquartered in Sector-24, Noida, Uttar Pradesh. History FDDI was established under the aegis of the Ministry of Commerce and Industry, Government of India in 1986 with an ...

Ministers

Minister of Commerce (19471999)

Minister of Industry (19501999)

;Key : Assassinated or died in office

Minister of Commerce and Industry (1999present)

Ministers of State

Minister of State for Commerce (19471999)

Minister of State for Industry (19471999)

Minister of State for Commerce and Industry (1999present)

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, 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 by population (United Nations), most populous country since ...