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.