Department for Promotion of Industry and Internal Trade. Current Affairs - 2020

DPIIT invites applications for first ever National Startup Awards 2020

The Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry has announced institution of first ever National Startup Awards. The award was launched by Piyush Goyal, Union Minister for Commerce and Industry and Railways. The applications for the awards are open till 31 December 2019.

About National Startup Awards

The Awards seek to recognize as well as reward exceptional startups and ecosystem enablers that are building innovative products/ solutions and scalable enterprises demonstrating measurable social impact, with high potential of wealth creation and employment generation.

It will also recognize outstanding startups across many categories that are providing innovative solutions to solve real problems and challenges for India, delivering measurable developmental gains, products and solutions from India to world, developing innovative technologies and building businesses that are scalable, sustainable and responsible.

The National Startup Awards measures success not only as financial gains for investors but also the contribution to the social good. It will also reward exceptional Incubators and Accelerators as key building blocks of a robust startup ecosystem.

Startups will be awarded in 35 areas, classified into 12 broad sectors. These sectors include enterprise technology, education, agriculture, security, energy, finance, health, food, urban services Industry 4.0, space and tourism.  In addition, to these there are three special awards for startups from educational institutions, making impact in rural areas and women entrepreneurs.

Prize: A cash prize of Rs. 5 lakh each will be awarded to winning startup in each area. Moreover, a cash prize of Rs. 15 lakh each will be awarded to 1 winning Incubator and 1 winning Accelerator as well.

Apart from this, the winner and 4 runners-up of National Startup Awards will also be provided opportunities to present their solutions to relevant public authorities and corporates for potential pilot projects and work orders. They will also be given priority for participation in various national as well as international startup events.

DPIIT establishes Development Council for Bicycle

Department for Promotion of Industry and Internal Trade (DPIIT) under Union Ministry of Commerce and Industry has set up a Development Council for Bicycle. The council has been constituted for a period of two years. It will stimulate value chain and fuel accelerated demand growth of Make-in-India.

About Development Council for Bicycle

Mandate: It has been setup for vision planning in design, engineering as well as manufacturing bicycles which are comparable with global standards for exports and domestic market.

Members: The 23-member Council will be headed by Secretary DPIIT and will have 9 ex-officio members from DPIIT and Department of Commerce, Ministries of-Health and Family Welfare, Housing and Urban Affairs, Road Transport and Highways, Environment Forest and Climate Change, Skill Development and Entrepreneurship, Micro Small and Medium Enterprises (MSME) and Bureau of Indian Standards (BIS). It will also have seven expert domain members and four nominated. The terms of ex-officio members shall be co-terminus with their official posting while others members may be co-opted, as required, by Chairperson of the Council.

Council Agendas:

Improving competitiveness and level of services. For this council will undertake measures to leverage bicycle demand by ensuring enabling safe and segregated cycling infrastructure as well as transforming Indian bicycle technology (and its value chain).

Undertaking continuous stakeholder persuasion as well as enhancing export competitiveness of bicycle. This will be achieved through support of schemes and favourable trade policies to popularize benefits of cycling via campaigns piloted by concerned ministries.

Developing medium and small industries along with growth of skilled human resources for bicycle manufacturing and repair shops.

Identifying and studying best international practices to adopt for bicycle manufacturing, recycling and infrastructure development in India.