May abort single window system if industry doesn’t show interest: Piyush Goyal

Dismayed by the lack of enthusiasm among the industry over the national single window system and the industrial land bank, commerce and industry minister Piyush Goyal on Thursday said that he is almost inclined to discontinue these business-friendly measures.

“I am once again urging you, hopefully for the last time, to engage with the national single window and try to get licences and approvals and provide feedback. It seems as if the industry does not have an interest in either the national single window or the industrial land bank,” the minister said at a conference on ease of doing business organised by the Confederation of Indian Industry (CII) and the Department for Promotion of Industry and Internal Trade (DPIIT).

Also ReadIndia’s iron ore production rises 4 pc in Apr-Oct 

“I am spending a lot of money on it, and I have come to a stage where I am almost inclined to abort the entire idea.”

Also Read High GST is preventing innovation in the carbonated beverages industry in India Implementation of data protection law may take more than a year Delhi implements GRAP Stage 3: Vehicle restrictions, construction ban to come into effect as air quality worsens Power ministry readies interest subvention scheme for MSMEs

The government launched the single window system for investors and businesses in September 2021 to integrate the existing clearance systems of central government departments and eventually states.

At present 34 ministries have been onboarded on the system and the portal can now facilitate more than 659 approvals.

The government developed the India Industrial Land Bank (IILB) as an open web portal to assimilate information on industrial infrastructure of clusters, parks, nodes and zones across the country. The portal has information on approximately 3,800 industrial parks mapped across 470,000 hectares of area with GIS layers on raw material availability, nodal points of connectivity, internal utilities and natural terrain including forest and drainage. It was launched in September 2020.

“We created our national land bank. It needs some more support from the states also, but we will stop putting in more effort and money in it if  we realise there is hardly any traction, hardly any interest in industry. There is very little interest amongst stakeholders to tell us whether we are even on the right track.”

He said 20 smart cities are being developed all over the country that will give the industry a lot of land on plug and play basis but industry has to give feedback on what it wants.

 » Read More

Related Articles

Switzerland Withdraws MFN Status from India: What It Means for Indian Businesses

Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a tax dispute involving Nestlé, the Swiss food giant headquartered in Vevey.

BOBCARD launches premium credit card ‘TIARA’ for women – Know key features and benefits

BOBCARD Ltd, a wholly owned subsidiary of Bank of Baroda, announces the launch of the TIARA Credit Card — a first-of-its-kind, women-centric credit card designed to support, empower, and celebrate women’s financial autonomy. This newly launched Premium BOBCARD on RuPay network is tailored specifically to cater to modern women’s needs. The TIARA Credit Card seamlessly

From IT Hubs to Dream Homes: Why Mohali is a real estate goldmine

Mohali, a vibrant city in Punjab, has transformed from a satellite town of Chandigarh into a dynamic hub of growth and innovation. With its strategic location and burgeoning infrastructure, it has emerged as a prime real estate destination, offering opportunities for investors, businesses, and homebuyers alike. A Market Full of Promise Mohali’s real estate potential

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Switzerland Withdraws MFN Status from India: What It Means for Indian Businesses

Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a tax dispute involving Nestlé, the Swiss food giant headquartered in Vevey.

BOBCARD launches premium credit card ‘TIARA’ for women – Know key features and benefits

BOBCARD Ltd, a wholly owned subsidiary of Bank of Baroda, announces the launch of the TIARA Credit Card — a first-of-its-kind, women-centric credit card designed to support, empower, and celebrate women’s financial autonomy. This newly launched Premium BOBCARD on RuPay network is tailored specifically to cater to modern women’s needs. The TIARA Credit Card seamlessly

From IT Hubs to Dream Homes: Why Mohali is a real estate goldmine

Mohali, a vibrant city in Punjab, has transformed from a satellite town of Chandigarh into a dynamic hub of growth and innovation. With its strategic location and burgeoning infrastructure, it has emerged as a prime real estate destination, offering opportunities for investors, businesses, and homebuyers alike. A Market Full of Promise Mohali’s real estate potential

Upcoming IPOs next week: 13 IPOs, 5 new listing – A look at key IPO allotments between December 15-21

As the year draws to a close, the primary market is gearing up for an action-packed week. Next week, the primary market is set to be in an active mode as 13 initial public offerings (IPOs) are scheduled to open between December 16 and December 20. Apart from this, the week will also witness a

NACDAC Infrastructure IPO: Allotment, GMP,  Price Band & other key details of the BSE SME issue 

NACDAC Infrastructure is set to hit with its Initial Public Offering (IPO) on December 17 and will conclude on December 19. NACDAC Infrastructure’s BSE SME IPO is entirely a fresh issue of 28.6 lakh shares with an aim to raise Rs 10.01 crore through this offering. Here is a detailed look at what this IPO