All Approvals to Industry to be given by though NSWS by March 2023: DPIIT

Tags: National Economy/Finance

The Government of India intends to bring all the states and the Union Territories on board all states that are not a part of the National Single Window System (NSWS) by March 2023.

This was stated by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India on 6 September 2022.

IMPORTANT FACTS -

What is NSWS ?

• NSWS was launched in September 2021 by the Department for Promotion of Industry and Internal Trade (DPIIT) along with Invest India.

•  It is a digital platform that serves as a guide for investors to identify and to apply for approvals as per their business requirements.
• At present 15 States/UTs are integrated with the NSWS. They are Andhra Pradesh, Goa, Gujarat, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and Uttarakhand and Nagaland.

Objective of the National Single Window System ?

• The main objectives of the NSWS are as follows:
• 1) To establish a single-window mechanism by integrating the services provided by various Central Ministries, Departments, and State Governments
• 2) To provide a one-stop-shop for procuring pre-establishment and pre-operation approvals and permits required to establish a business in India
• 3) To provide efficient, convenient, transparent, and integrated electronic service to investors, industries, and businesses
•  DPIIT
• The Department for Promotion of Industry and Internal Trade (DPIIT) was established in the year 1995 and was reconstituted in the year 2000 with the merger of the Department of Industrial Development. 
• The department was earlier called Department of Industrial Policy & Promotion; and was renamed as DPIIT in January, 2019.
• It comes under the Ministry of Commerce and Industry :

ADDITIONAL INFORMATION -

Important Function of the DPIIT  :

• It helps in making the Industrial policy of the Government of India 
• It is the nodal body for matters related to Foreign Direct Investment (FDI).
• It undertakes promotion of investment for industrial development of the country. 
• It is the nodal body for matters relating to Protection of Intellectual Property Rights (IPR) and administers law related to IPR.

vest India :

• Invest India is a National Investment and Promotion Agency to promote India as an investment destination and encourage Foreign Direct Investment (FDI) in India.

• It was set up as a company in 2009 and started its operation in 2010.
• It is a joint venture of the government and the private sector.
• The Central and State Government holds 49% of the shares in Invest India and the rest 51% is with Industrial bodies (Federation of Indian Chambers of Commerce and Industry (FICCI), National Association of Software Services Companies of India (NASSCOM), Confederation of Indian Industries (CII).