The Ministry of Commerce & Industry is the driving force behind India’s trade and economic growth, fostering competitiveness, innovation, and global integration. With a focus on promoting exports, attracting investments, and facilitating ease of doing business, it formulates policies and implements initiatives to enhance India’s trade relations and industrial development. Stay informed about government trade policies, investment opportunities, and trade agreements through updates from the Ministry of Commerce & Industry. Explore resources for exporters, investors, and entrepreneurs seeking to expand their footprint in domestic and international markets. Whether you’re a business leader, exporter, investor, or trade enthusiast, let’s collaborate to unleash the full potential of India’s commerce and industry, driving economic prosperity and job creation for all.
MAARG portal
- The MAARG portal, launched by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, is the National Mentorship Platform facilitated by Startup India. Here are the key details about the MAARG portal:
Full Form and Meaning:
- MAARG stands for Mentorship, Advisory, Assistance, Resilience, and Growth.
Objectives:
- The MAARG portal aims to achieve the following objectives:
- Provide sector-focused guidance, handholding, and support to startups throughout their lifecycle.
- Establish a formalised and structured platform that facilitates intelligent matchmaking between mentors and their respective mentees.
- Facilitate efficient and expert mentorship for startups and build an outcome-oriented mechanism that allows timely tracking of mentor-mentee engagements.
Key Features:
- The portal offers several features, including:
- Customisable mentorship programs for ecosystem enablers.
- A mobile-friendly user interface for ease of use.
- Recognition for contributing mentors.
- Video and audio call options to facilitate communication between mentors and mentees.
The MAARG portal serves as a comprehensive platform for startups, providing them with mentorship, advisory, assistance, resilience, and growth support. By offering specialised guidance and fostering meaningful mentor-mentee engagements, the portal contributes to the growth and success of startups across various sectors and stages of development.
FAQs
Q. What is the role of the Ministry of Commerce & Industry?
The Ministry of Commerce & Industry is responsible for formulating and implementing policies, programs, and initiatives aimed at promoting trade, commerce, and industrial growth in India. It focuses on enhancing the competitiveness of Indian businesses, expanding market access, and fostering economic development through trade and investment promotion.
Q. What are the key objectives of the Ministry of Commerce & Industry?
The Ministry aims to promote export-led growth, attract foreign investment, enhance competitiveness of domestic industries, and facilitate ease of doing business in India. Its objectives include fostering trade relations with other countries, negotiating trade agreements, promoting industrial development, and facilitating investment inflows and technology transfer.
Q. What initiatives has the Ministry of Commerce & Industry undertaken to promote trade and exports?
The Ministry implements various initiatives and schemes to promote trade and exports, including the Export Promotion Schemes (such as Merchandise Exports from India Scheme – MEIS), Market Access Initiatives, Export Promotion Councils, and Trade Promotion and Export Assistance Cell. It also facilitates trade facilitation measures, export credit, market development, and capacity-building initiatives to support exporters and enhance their competitiveness in global markets.
Q. How does the Ministry of Commerce & Industry attract foreign investment and promote industrial development in India?
The Ministry of Commerce & Industry attracts foreign investment and promotes industrial development through initiatives such as Make in India, Invest India, National Investment and Manufacturing Zones (NIMZs), Special Economic Zones (SEZs), and Foreign Trade Policy (FTP). It provides incentives, concessions, and facilitation services to encourage foreign investors to set up manufacturing units, technology transfer, and research and development activities in India.
Q. What role does the Ministry of Commerce & Industry play in promoting ease of doing business and regulatory reforms in India?
The Ministry of Commerce & Industry promotes ease of doing business and regulatory reforms in India through initiatives such as Business Reform Action Plan (BRAP), Single Window Interface for Trade (SWIFT), and National Single Window System. It simplifies procedures, reduces regulatory burdens, and streamlines approvals and clearances for businesses to facilitate investment, entrepreneurship, and economic growth.
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