New Delhi: The government will soon set up a single window system for clearances and approvals for industries in the country, Commerce and Industry Minister Piyush Goyal said.
In an interaction with sovereign wealth funds, foreign pension funds and others on ease of doing business and investments in the infrastructure sector in India, he said that this would be a genuine single window and all the state governments concerned and Central ministries are being taken on board for the system.
Besides, Goyal pointed out that the Centre is working on creating a land bank, for which six states have already given their consent.
According to a ministry statement, Goyal said that the potential investors would then be able to locate and identify the land banks from their distant offices and finalize the location of industries, without frequently visiting the offices of land-owning agencies.
On the issue of further easing and speeding up the process of approvals for industry and investments, the minister referred to the recent decisions of the Cabinet to set up an ‘Empowered Group of Secretaries’ to take decisions on various schemes and projects.
Furthermore, Goyal said the government had initially identified 12 industrial sectors to focus upon, and the same has been expanded to 20.
The minister said that conducive environment will be created for foreign investment in the health and education sectors also.