TIWN
New Delhi, July 27 (TIWN) 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 on Monday.
The minister also said that the government is working on creating a land bank, for which six states have already given their consent. He said that the potential investors would then be able to locate and identify the land banks from their distant offices and finalise the location of industries, without frequently visiting the offices of land-owning agencies.
The minister said that the government had initially identified 12 industrial sectors to focus upon, and the same has been expanded to 20. This will help in scaling up investment and leveraging the competitive edge of the country. These sectors include furniture – standard as well as special furniture, air-conditioners, leather, footwear, agro-chemicals, ready to eat food, steel, aluminium, copper, textiles, electric vehicles, auto-components, TV Set-top boxes, CCTVs, sports goods, ethanol manufacture and bio-fuels, and toys.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals