Department for Promotion of Industry and Internal Trade
It is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.[2] The department has created an online portal called the India Investment Grid (IIG), an interactive investment portal providing details of sectors, states and projects in which domestic and foreign investors may sink in capital.It aims to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances.[5] The department is currently framing the e-commerce policy, a set of rules aimed at streamlining and regulating the digital business ecosystem.The initiative is designed to bring together a diverse array of stakeholders—ranging from entrepreneurs and government bodies to investors and academic institutions—onto a single, integrated platform.