The various Production-Linked Incentive (PLI) schemes active in India have resulted in actual investment of over ₹1.88 lakh crore as of June 2025, the ministry said. File
| Photo Credit: Reuters

The various Production-Linked Incentive (PLI) schemes active in India have resulted in actual investment of over ₹1.88 lakh crore as of June 2025, the ministry said. File
| Photo Credit: Reuters

A general view of installed solar panels at the Khavda Renewable Energy Park of Adani Green Energy Ltd. (AGEL), in Khavda, Gujarat. File
| Photo Credit: Reuters

The Department for Promotion of Industry and Internal Trade (DPIIT) has reviewed as many as 21 issues affecting 14 infrastructure projects in Gujarat and Rajasthan for their redressal, an official statement said on Saturday (February 15, 2024).

The meeting chaired by DPIIT Secretary Amardeep Bhatia was attended by senior officials from central Ministries, State Governments, and project proponents, The meeting, it said, was focused on expediting issue resolution through enhanced inter-ministerial and State coordination facilitated by the Project Monitoring Group (PMG).

“21 issues across 14 significant projects were reviewed, including four projects under the Ministry of Labour and Employment, with a total cost of all projects exceeding ₹13,162 crore. Additionally, seven issues pertaining to one private project, valued at ₹600 crore, were also reviewed,” it said.

One of the projects included the Khavda Renewable Energy Park in Gujarat.

“Once operational, the park is expected to generate about 81 billion units of clean electricity annually, significantly reducing dependence on fossil fuels,” the DPIIT said, adding Reliance Jio’s 5G/4G expansion project was also reviewed.

Mr. Bhatia asked the relevant authorities to take a proactive approach in addressing pending issues.

The Department for Promotion of Industry and Internal Trade (DPIIT) on Saturday (January 4, 2025) said it has joined hands with venture debt firm Stride Ventures to support high growth potential startups in their funding requirements.

It said this collaboration will be instrumental in creating enormous opportunities for startups by integrating financial support with strategic mentorship and market access.

Highlighting the macroeconomic impact of this collaboration, Joint Secretary in DPIIT Sanjiv said Stride Ventures will curate dedicated programmes and collaborate on engagements like the Bharat Grand Challenge to promote entrepreneurship, innovation, and investment.

Ishpreet Singh Gandhi, Founder and Managing Partner, Stride Ventures, said “this partnership, coupled with our billion-dollar commitment to nurturing startups, reaffirms our resolve to strengthen India’s startup ecosystem”.

The department said Stride Ventures will give thrust “on identifying startups with high growth potential, offering funding, market access, and policy support”.

Startups from tier-2 and tier-3 cities will receive targeted guidance, mentorship, and access to a global mentor network to support their scaling journey, it added.

“Additionally, the initiative will create awareness about diverse fundraising instruments, including venture debt, to enable startups cherish their growth aspirations,” it said.

Photo used for representation purpose only.

Flipkart, India’s homegrown e-commerce platform, has signed an MoU with the Department for Promotion of Industry and Internal Trade (DPIIT) to support and empower tech start-ups in India.

Aimed at encouraging the growth of innovators and entrepreneurs, the partnership would build on existing efforts under the Flipkart Leap and Ventures initiative with its $100 million fund, said Flipkart in a statement on Monday (December 9, 2024).

Till date, the e-tailer invested in 20 companies in the country and continued to identify startups with high growth potential, it said.

Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group, said, “This MoU reflects our shared goal of empowering startups through strategic support, resource access, and global market connections.’‘

According to the communique, this collaboration will enable access for startups to industry reports, research papers, datasets and other studies published by government authorities for market research and fast-track patent applications filed by startups for timely opportunities.

‘’We are happy to partner with Flipkart to bolster our focus on creating a thriving environment for startups to scale new heights,’‘ commented Sumeet Jarangal, Director DPIIT.

Under the Flipkart Ventures initiative, startups would be offered resources, guidance, and support for different milestones, such as prototype development, infrastructural support, network access and insights for international expansions.

‘’With the continued association and combined synergies, Flipkart was looking at unlocking opportunities for entrepreneurs with its $100 million venture fund to pioneer breakthroughs that shape the future of technology and business in India and beyond, added Mr. Kumar.

File picture of former DPIIT secretary Ramesh Abhishek, whose premises have been raided by the Enforcement Directorate
| Photo Credit: Kamal Narang

The Enforcement Directorate on Tuesday raided the premises of retired IAS officer and former Department for Promotion of Industry and Internal Trade (DPIIT) secretary Ramesh Abhishek as part of a disproportionate assets linked money laundering probe against him, official sources said.

The ED case stems from a recent CBI FIR registered by the Central Bureau of Investigation (CBI) against the 1982-batch officer. He was raided by the CBI in February.

Mr. Abhishek retired in 2019 from the DPIIT (erstwhile Department of Industrial Policy and Promotion).

The ED is searching the premises of Mr. Abhishek as part of a money laundering investigation, the sources said.

The CBI had alleged in its FIR that Mr. Abhishek enriched himself “illicitly” after retirement by receiving “huge amounts” as consultation fee from private companies whose matters he had dealt while in service.

The CBI and ED have also booked his daughter Vanessa.

The retired officer also held the post of chairman, Forward Markets Commission, and the CBI case was booked against him on a reference from anti-corruption ombudsman Lokpal.

The Lokpal has alleged that the father-daughter duo received big amounts as professional fee from various entities and organisations with whom the former IAS officer had official dealings as the secretary or the chairman.