INDUSTRY

National Single Window System for investors launched

Union minister for commerce & industry Piyush Goyal launched National Single Window System (NSWS) today. “NSWS will usher in azadi from legacy of running to government offices for approvals and registrations. This single window portal will become a one-stop-shop for investors for approvals & clearances,” noted Mr Goyal.

The portal as of today hosts approvals across 18 central departments and 9 States and likely to add another 14 central departments and 5 States by December 2021. Services include know your approval (KYA), common registration & State registration form, document repository & e-communication. The minister said that NSWS will provide strength to initiatives like, Make in India, Startup India, PLI scheme, etc.

It may be noted that improving India’s business climate is one of the key focus areas of the Modi government of India. Reiterating its commitment to “Make in India, make for the world”, the government has launched several initiatives recently, including the flagship Production Linked Incentive Scheme (PLI) and the India Industrial Land Bank System. The PLI schemes have been announced for 13 sectors with an overall outlay of USD 27 billion and is set to create manufacturing global champions for an Atmanirbhar Bharat.

One such crucial initiative, announced in the Union Budget 2020, was setting up of an ambitious investment clearance cell (ICC) to provide end to end facilitation and support to investors, including pre-investment advisory, provide information related to land banks and facilitate clearances at the centre and State level. The cell was proposed to operate through an online digital portal.

Subsequently, DPIIT along with Invest India initiated the process of developing the portal as a National Single Window System (NSWS). The system is envisioned to address information asymmetry, duplication of information submitted across platforms and authorities and inefficient tracking of approvals and registration faced by investors. 

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