Friday, Mar 29 2024 | Time 04:21 Hrs(IST)
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Business Economy


National single-window system (NSWS) launched to ease approvals for investors

New Delhi, Sep 22 (UNI) Commerce and Industry Minister Piyush Goyal on Wednesday launched National Single Window System (NSWS) for investors to ease processes related to government approvals and registrations.
The portal presently hosts approvals across 18 central departments and 9 states. As many as 14 more central departments and five states will be added by year-end.
Goyal said that foreign and Indian investors, businesses and start-ups would benefit from the initiative.
“NSWS would usher in Azadi (freedom) from legacy of running to government offices, i.e. Ease of doing business and Ease of living Azadi from paperwork, duplication and information asymmetry Azadi from Windows within Window," the Minister said.

Goyal said that this single window portal will become a one-stop-shop for investors for approvals and clearances.
A Commerce Ministry press note said that the NSWS portal will progressively onboard a greater number of approvals and licenses, based on user/industry feedback.
"Though extensive testing by Ministries/States is ongoing, and will continue for next three months to stabilize and optimize the platform, it is critical that extensive feedback from the industry users is accommodated to ensure comprehensiveness and high utility for investors and entrepreneurs," it said.
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