DPIIT (Department for Promotion of Industry and Internal Trade)
The Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry in India. It is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives. While individual administrative ministries look after the production, distribution, development and planning aspects of specific industries allocated to them, DPIIT is responsible for the overall industrial policy. It is also responsible for facilitating and increasing the foreign direct investment (FDI) flows to the country.
If bidder want to bid in any government tenders in india they must have the DPIIT certificate .
Eligibility Criteria
The startup must meet the following eligibility criteria to avail the DPIIT Certificate of Recognition:
- Period of Existence of Entity: The Period of existence and operations of the company should not exceed 10 years from the date of formation
- Type of Entity: The DPIIT Certificate of Recognition is provided for the company which is incorporated as a Private Limited Company, a Limited Liability Partnership (LLP) or a Registered Partnership Firm.
- Annual Turnover: To get the DPIIT Certificate of Recognition, The firm should have a annual turnover of less than Rs. 100 crore for any of the fiscal years since its federation
- Original Entity: To avail the DPIIT Certificate of Recognition, the company should not have been incorporated by splitting up or recreating an already existing entity.
- Innovative & Scalable Entity: The entity should be working towards development or improvement of a product, process or service.
- The entity should have a scalable business model with high potential for the creation of wealth and employment. The firm should have the potential to generate employment or create wealth.