Consider the following statements regarding Department of Industrial Policy and Promotion DIPP 1 Thi...........

Economic Affairs Industrial Policy and Industrial Growth

Consider the following statements regarding Department of Industrial Policy and Promotion (DIPP):

1. This comes under the Ministry of Commerce and Industry.

2. It is responsible for formulation and implementation of industrial policy and strategies for industrial development in conformity with the development needs and national objectives.

3. It is also responsible for the formulation of Foreign Direct Investment (FDI) Policy and promotion, approval and facilitation of FDI.

Which of the above statements are correct:

1 and 3 only

1 and 2 only

2 and 3 only

All

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Explanation:

exp: all of the above statements are true and Department of Industrial Policy and Promotion (DIPP) This comes under the Ministry of Commerce and Industry.It is responsible for formulation and implementation of industrial policy and strategies for industrial development in conformity with the development needs and national objectives.It is also responsible for the formulation of Foreign Direct Investment (FDI) Policy and promotion, approval and facilitation of FDI.