As part of furthering the ease of doing business in the country, the government is set to introduce a single-window clearance mechanism for investors by mid-April to attract greater foreign investment, a senior official said. The single-window portal will integrate the existing clearance systems of various central and state departments.
"A lot of hand-holding, a lot of investor support (is being provided), and we are also going to launch a national single window for the investors. We are targeting April 15 for that launch," said Guruprasad Mohapatra, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT)
"So they will be all part of that national single window, so the investor is on the one side, all the clearances, approval from central governments and state government on the other, and you can track your investment proposal where it is stuck and take action by the concerned department or state," he said.
He also emphasised the need for states to reduce the compliance burden and make it more attractive for foreign investors. A systematic exercise across the Centre and states is being undertaken to eliminate or reduce compliance, which has an adverse impact on time and cost of businesses, he added.