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Single Window System for Investors

  • Category
    Economy
  • Published
    28th Sep, 2021

Context

In a bid to improve Ease of Doing Business (EoDB), the Commerce and Industry Ministry launched the National Single Window System (NSWS).

What is NSWS?

  • The single window portal is going to be a one-stop-shop for investors for approvals and clearances.
  • Department for Promotion of Industry and Internal Trade (DPIIT) along with Invest India initiated the process of developing the portal as a National Single Window System (NSWS).
    • DPIIT comes under the Ministry of Commerce and Industry.
    • Invest India is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India.

The need

  • The NSWS would "usher in Azadi" from legacy of running to government offices, from paperwork, duplication and information asymmetry
  • The National Single Window System is envisioned to address
    • information asymmetry
    • duplication of information submitted across platforms and authorities
    • in-efficient tracking of approvals and registration faced by
  • Launch of the National Single Window System is a giant leap towards making India Atma Nirbhar [self-reliance].

Significance of the portal

  • The portal would bring transparency, accountability and responsiveness in the ecosystem.
  • All information will be available on a single dashboard bring ease in the progress.
    • An applicant dashboard would be there on the portal to apply, track and respond to queries.
  • The portal will provide investors services such as know-your-approval (KYA), common registration, state registration, document repository, and e-communication.
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