Govt Launches National Single Window System For Investors And Businesses

Govt Launches National Single Window System For Investors And Businesses

by Swarajya Staff - Wednesday, September 22, 2021 03:42 PM IST
Govt Launches National Single Window System For Investors And BusinessesUnion Minister Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal on Wednesday (22 September) launched the National Single Window System (NSWS) for businesses and investors.

The facility will provide a single platform to enable investors to identify and obtain approvals and clearances needed by investors, entrepreneurs, and businesses in India.

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.

"Launch of National Single Window System, is a giant leap, towards making India Aatmanirbhar" Goyal said while Launching the facility.

Speaking on the occasion, Goyal said that this single window portal will become a one-stop-shop for investors for approvals and clearances.

The portal as of today hosts approvals across 18 Central Departments and nine states, another 14 Central depts and five states will be added by December, the Ministry of Commerce said in a statement on Wednesday (22 Septembe).

Goyal added that all solutions will be there for all at one click of the mouse through ‘end to end’ facilitation .

This would bring transparency, accountability and responsiveness in the ecosystem and all information will be available on a single dashboard. An applicant Dashboard would be there to apply, track and respond to queries, the ministry said.

Services provided on the portal include Know Your Approval (KYA), Common Registration and State registration Form, Document repository and E-Communication.

Goyal said today India holds the attention of the world and the entire world is looking at India to rise and claim its rightful place as an economic powerhouse.

He said that with a rapid recovery, we are back on track to become one of the fastest growing large economies Like the other transformative & nation building initiatives launched in the last 7 years

The minister said that NSWS will provide strength to other schemes e.g. Make in India, Startup India, PLI scheme etc.

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