Central Government set to launch Investment Clearance Cell - (21 Dec 2020)

Commercial

Government announces setting up of Investment Clearance Cell for clearances and approvals of industry in the country. Despite the presence of several IT platforms for investing in India, investors need to visit multiple platforms to gather information and obtain clearances from different stakeholders. To address this, the Government has proposed creation of a centralized Investment Clearance Cell which would provide end-to-end facilitation support, including pre-investment advisory, information related to land banks; and facilitating clearances at central and state level.

The cell is being planned as a one-stop digital platform to obtain all requisite central and state approvals required to start business operations in India. The Investment Clearance Cell will be a national portal that integrates the existing clearance systems of the various Ministries/ Departments of Government of India and of State Governments without disruption to the existing IT portals of Ministries and will have a single, unified application form. This will eliminate the need for investors to visit multiple platforms/ offices to gather information and obtain clearances from different stakeholders and provide time-bound approvals and real time status update to investors.

The Single Window System will ease process and provide a common platform for all the approvals. The decision aims to facilitate investment, fostering innovation, building best in class manufacturing infrastructure, making it easy to do business and enhancing skill development. The Centralized Investment Clearance Cell is planned to be launched with select Ministries and Departments and States by April 15, 2021.

Tags : SINGLE WINDOW INVESTMENT LAUNCH