The Ministry of Industry, Trade and Investments was established under the Government notice No. 144, published on 22ND April, 2016. 

In 2019 the Investment department was shifted to Prime Minister’s Office and the ministry was declared as the Ministry of Industry and Trade.

The Ministry of Industry and Trade is mandated to formulate and monitor implementation of Policies on Industrial, Internal Trade, External trade, Marketing and Research. 

The Ministry is also responsible for intellectual Property; Trade Practices Tribunal; Fair Competition Affairs; Marketing Intelligence and Trade Promotion; Export Promotion; Business Registration; Small and Medium Scale Enterprises Development; Trade Practices Bureau; Weight and Measures; Intra and Inter – Region Trade Market Research and Surveys; International Organization  relating to Industries and Trade; Performance Improvement and Development of Human Resources under this Ministry..