Piyush Goyal launches single window system for investors, businesses
ECONOMY & POLICY

Piyush Goyal launches single window system for investors, businesses

Minister of Commerce and Industry Piyush Goyal has launched the National Single Window System (NSWS) for investors and businesses.

Goyal said that the NSWS would become a one-stop portal for investors for getting approvals and clearances.

NSWS will lead in freedom from the difficulty of running to government offices for approvals and registrations. He further said that PM Narendra Modi's leadership has encouraged India to dream big.

According to him, the portal will bring transparency, accountability and responsiveness to the system. All the data will be available on the dashboard. An applicant dashboard will be available for applying, tracking and responding to issues.

He added that all the solutions would be provided in one click through end-to-end facilitation.

Currently, the portal holds 18 Central Departments and nine states approvals and the next 14 Central Departments and five states will be added by the end of the year.

The system will generate a list of approvals for any business that needs to commence operations. It will be made possible through a series of questionnaires and identifies the business approvals based on the response.

The portal has been introduced with a common registration form, which eliminates the need of filling in the same information every time. It also has an online centralized storage service facility that records the document submission and uses it across several approvals, eliminating the need to submit the documents again.

The beta version of the portal has been launched to the stakeholders and the public as a trial soft launch. Currently, the beta version holds approvals from 18 Central departments and nine States, which aims at providing business approvals through the information provided.

Image Source

Minister of Commerce and Industry Piyush Goyal has launched the National Single Window System (NSWS) for investors and businesses. Goyal said that the NSWS would become a one-stop portal for investors for getting approvals and clearances. NSWS will lead in freedom from the difficulty of running to government offices for approvals and registrations. He further said that PM Narendra Modi's leadership has encouraged India to dream big. According to him, the portal will bring transparency, accountability and responsiveness to the system. All the data will be available on the dashboard. An applicant dashboard will be available for applying, tracking and responding to issues. He added that all the solutions would be provided in one click through end-to-end facilitation. Currently, the portal holds 18 Central Departments and nine states approvals and the next 14 Central Departments and five states will be added by the end of the year. The system will generate a list of approvals for any business that needs to commence operations. It will be made possible through a series of questionnaires and identifies the business approvals based on the response. The portal has been introduced with a common registration form, which eliminates the need of filling in the same information every time. It also has an online centralized storage service facility that records the document submission and uses it across several approvals, eliminating the need to submit the documents again. The beta version of the portal has been launched to the stakeholders and the public as a trial soft launch. Currently, the beta version holds approvals from 18 Central departments and nine States, which aims at providing business approvals through the information provided. Image Source

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000