Department of Commerce and Industry

The Department of Commerce and the Directorate for Development of Industry & Internal Trade, previously the Department of Industrial Policy and Promotion, are both parts of the Ministry of commerce and industry. The Minister in charge of the Ministries is a Cabinet Minister. The director of the Ministry of commerce and industry is one of India’s cabinet ministers. 

The current Minister is Bharatiya Janata Party’s Piyush Goyal. On May 31, 2019, Goyal took over after Suresh Prabhu. This article will specially discuss the Ministry of commerce and industry of Chhattisgarh and its responsibilities in the country. 

What is the Ministry of commerce and industry?

In 1921, the Indian government established a special department of commerce. Previously, the Ministry of commerce and industry handled the matter under the Department (set up in 1905). 

When the Ministry of Industry and Labour was split into the Department of Communication and the Department of Employment in 1937, the Department of Commerce took on some of the Department of Industries’ responsibilities. However, in 1943, these responsibilities were shifted to the newly formed Department of Industries & Civil Supplies.

Following independence, the Department of Commerce has redesignated the Ministry of Commerce. The Ministry of Trade, Industry, and Supplies was placed under a Cabinet minister’s leadership. The two Ministries were combined in February 1951 to form the Ministry of Industry and Commerce. This structure lasted for five years after the Ministry of commerce and industry was split into two separate Ministries, the Ministry of Commerce & Consumers Industry and the Minister of Industries, in September 1956. 

The 2 Ministries were reunited once more in April 1957 to form the Minister of Industry and Commerce. Furthermore, the new Ministry took over the bulk of the former Ministry’s public initiatives.

In April 1957, the two Ministries were once again united to establish the Ministry of commerce and industry. The new Ministry also assumed responsibility for most of the public projects previously handled by the Department of Production, which had been dissolved in 1957. 

In 1958, the Ministry of Finance moved the Directorate of Company Law Administration to the Ministry of commerce and industry, later reorganised into three divisions: Industry, Commerce, and Company Law Administration. 

The Directorate of Supply was terminated in August of 2000. The Department of Commerce was given responsibility for the acquisition and regulation of goods for Central Government Ministries, as well as the management of the Indian Supplying Service and Indian Examination Service cadres and the administration of DGS&D. Following this reform, the Ministry of commerce and industry was divided into two departments: Department of Industrial Policies and Promotion and Commerce Department.

What are the responsibilities of the Department of Commerce?

The Department of commerce seems to be the central Department in charge of formulating policies to increase the country’s exports of various commodities. The Department of commerce’s mission is to develop, regulate, and promote India’s trade and commerce by formulating appropriate international trade and commercial policies and enforcing their requirements.

The Department’s primary responsibility is to assist in constructing an enabling atmosphere and facilities that will allow international trade to expand at a faster pace. The Foreign Trade Policy, which offers the basic structure of a strategic plan to be pursued for export promotion and trade, is formulated, implemented, and monitored by the Department. 

The Trade Strategy is evaluated regularly to integrate modifications required to address evolving economic circumstances in both the domestic and foreign economies. Aside from that, the Department is responsible for international and regional economic ties, government trading, Special Economic Zones, export promotion, trade facilitation, and the creation and regulation of specific export-oriented businesses and commodities.

Details on the Department of the Ministry of commerce and industry in Chhattisgarh 

The Department of Commerce & Industries is the state’s nodal Department for developing the state’s industrial sector. The agency assists in the growth and facilitation of direct investment in the state. 

It focuses on developing an industry-friendly climate and formulating appropriate laws in the state to help industrial units modernise and strengthen at a rapid rate. The Ministry provides an interactive forum for investors and the administration to collaborate synergistically. The Department comprises 5 bodies in the shape of agencies, boards, and corporations that help investors migrate smoothly into the state. There are five bodies.

The Directorate of Industries, the Registrar of Firms and Societies, the Boiler Inspectorate, the State Industrial Promotion Board, and the Chhattisgarh State Industrial Development Corporation are all part of the Chhattisgarh State Industrial Development Corporation.

Conclusion

Kawasi Lakhma, Chhattisgarh’s Minister of commerce and industries, was recently in Ludhiana to promote and discuss business possibilities and investment potential in Chhattisgarh with Ludhiana industrialists. The Department is in charge of developing and implementing international trade policy, as well as responsibilities for multilateral and bilateral economic ties, government trading, export development measures, and the regulation and development of export-oriented enterprises and commodities. Syama Prasad Mukherjee was India’s first Indian Minister of Industry and Commerce.