New Delhi, Jan 30 (PTI) The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others, an official order said.

The newly-named department under the Ministry of Commerce and Industry will look into matters related to promotion of internal trade, including retail trade, welfare of traders and their employees, facilitating ease of doing business and start-ups, the order approved by President Ram Nath Kovind said.

The matters related to internal trade were earlier under the domain of the Ministry of Consumer Affairs.

The president gave his nod to bring internal trade matters under the Department for Promotion of Industry and Internal Trade.

The move comes amidst a demand by traders' body CAIT for forming a separate ministry for internal trade.

Renaming of department expands mandate to internal trade, retail, trader welfare and facilitation of start ups and ease. The renaming establishes the Department for Promotion of Industry and Internal Trade with a mandate to oversee internal trade, including retail trade and trader welfare, and to facilitate ease of doing business and start ups; internal trade functions were transferred from the Ministry of Consumer Affairs by presidential approval, centralising policy oversight and administrative responsibility for these areas.