The Centre will be ready with the first cut of a single-window system for approvals and clearances as early as March or April next year to ease the compliance burden on the industry, commerce and industry minister Piyush Goyal said at an industry event on Tuesday. The commerce and industry minister expressed hope that the first cut of the single window would come in March or April next year.
"The DPIIT (Department for Promotion of Industry and Internal Trade) is making a genuine effort to provide a single-window for approvals amongst various ministries at the centre...and also at the state and local levels. "We are trying to integrate this and I do hope that by March or April, you will see the first cut of a genuine single window that can ease your compliance burden, help you promote your businesses and focus on businesses," he said.
He said that the government policies are working towards easing compliance requirements of industry and making everything digital and online, besides reducing the burden of frequent renewals of licenses and government clearances
Goyal said the country has seen a growth in foreign direct investment (FDI) in the first nine months of FY21. Also, FDI flows have been continuously growing and were about USD 40 billion in the April-September period, which is 13 percent higher than last year.
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