Govt. launches single window system for companies

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admin November 8, 2021
Updated 2021/11/08 at 3:46 PM

Piyush Goyal, the Minister of Commerce and Industry, soft-launched the National Single Window System for Companies on Wednesday, claiming that the site would relieve businesses from the burden of rushing to government offices for clearances and registrations.

According to him, the site now has approvals from 18 central departments and 9 states, with additional 14 central departments and 5 states expected to be added by the end of December.

“Freedom from bureaucracy and windows inside windows is what this is all about. This is a significant step forward in terms of Ease of Doing Business. Nobody wants to be a hindrance to business. This is a huge step forward in making India genuinely Aatmanirbhar “According to the minister.

The one window site, according to Goyal, would serve as a one-stop shop for investors seeking licences and certifications.

He went on to say that the site will improve the ecosystem’s openness, accountability, and responsiveness, and that all information would be accessible from a single dashboard.

“This platform serves as a business facilitator. The government has banded together as Team India to collaborate with business, stakeholders, and the general public. This game-changing project has emerged from this collaborative approach “Added he.

On the site, there would be an applicant dashboard where applicants may apply, monitor their progress, and reply to questions.

He said that the National Single Window System will “usher in Azadi” by freeing people from the burden of going to government offices, paperwork, redundancy, and information asymmetry.

Goyal went on to say that India has the world’s attention. According to him, the whole world is watching India ascend to its due position as an economic superpower.

“We are again on pace to become one of the fastest-growing major economies,” the minister added, citing the quick rebound.

The National Single Window System is intended to alleviate information asymmetry, duplication of data provided across platforms and agencies, and inefficient approval and registration monitoring that investors encounter.

The portal’s beta version is available to all stakeholders including the general public.

Based on user and industry input, the site will gradually integrate a larger number of approvals and licences, according to an official statement.

“While extensive testing by Ministries/States is ongoing and will continue for the next three months to stabilise and optimise the platform,” it said, “it is critical that extensive feedback from industry users be accommodated to ensure comprehensiveness and high utility for investors and entrepreneurs.”

 

Source: Business Standard

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