+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Govt mulls single application form, investment clearance cell to woo investors

Dec 31, 2019, 14:34 IST
PTI
New Delhi, Dec 31 () The government is considering setting up an investment clearance cell and provide defined timelines for all kinds of state and central approvals to attract investments, an official said.

In order to further ease the business climate of the country, it is also looking at developing a single application form for all kinds of clearances and provide deemed approvals, the official said.

Advertisement

For onboarding central departments and states, the government is looking at two single point of contacts, one each from central department and state; list of licences and documents; detailed processes; timelines for each approval /deemed approvals; and support for IT systems integration from all departments, the official added.

The Department for Promotion of Industry and Internal Trade (DPIIT) is working on the proposal, which could be implemented in four phases.

According to the proposal, an investor would also be able to track the status of his/her application.

Currently, an investor has to seek several approvals such as company incorporation, GST registration, import export code, environment clearance, and NOC for ground water extraction, at central and state government levels.

Advertisement

Investors require single application, self certification, document submission at single place, time bound/deemed approvals, real time status update.

The department is also considering framing a law for the proposed investment clearance cell and defined timelines for approvals for central departments. RR ANU ANU

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article