The Government of India has undertaken significant measures to boost investments and attract industrial activities, as outlined by Union Minister of State for Commerce and Industry, Shri Jitin Prasada, in a written reply to the Lok Sabha today. Through the Department for Promotion of Industry and Internal Trade (DPIIT) and other Central Ministries/Departments, the government continues to create an enabling ecosystem for industrial development across the nation, including states such as Andhra Pradesh, Maharashtra, and Uttar Pradesh.
Key initiatives include the Make in India, Start-up India, PM GatiShakti, and the National Industrial Corridor Programme. The Production Linked Incentive (PLI) Scheme and various efforts to promote Ease of Doing Business (EoDB) and reduce compliance burdens further reinforce these initiatives. Other significant measures include the National Single Window System (NSWS), India Industrial Land Bank, Project Monitoring Group (PMG), liberalization of FDI policy, and the Indian Footwear and Leather Development Programme (IFLDP) Scheme.
Streamlining Investments and Business Operations
An institutional mechanism to fast-track investments, known as Project Development Cells (PDCs), has been established in all concerned Ministries/Departments. The government has also implemented measures to stimulate Foreign Direct Investment (FDI) inflows by maintaining an investor-friendly policy, with most sectors open for 100% FDI under the automatic route. Notably, almost 90% of FDI inflow is received through this route, demonstrating India’s commitment to opening its economy to global investors.
Ease of Doing Business and Living
To improve the Ease of Doing Business and Ease of Living, the government has simplified, rationalized, digitized, and decriminalized Government to Business (G2B) and Citizen Interface across all States/UTs. This effort has resulted in the reduction of over 42,000 compliances and the decriminalization of more than 3,800 provisions. The Jan Vishwas (Amendment of Provisions) Act, 2023, further fosters trust-based governance by decriminalizing 183 provisions under 42 Acts administered by 19 Ministries/Departments.
India’s ranking in the World Bank’s Doing Business Report (DBR) improved significantly, moving from 142nd in 2014 to 63rd in 2019, a jump of 79 ranks in five years.
National Single Window System (NSWS)
The DPIIT has developed the National Single Window System (NSWS) portal to streamline the G2B ecosystem and promote ease of doing business. The NSWS platform integrates approvals from 32 Central Ministries/Departments and 28 States/UTs, allowing businesses to access over 270 central-level G2B services. Additionally, the portal provides information on 653 central and 6,198 state approvals through the Know Your Approval (KYA) module, enhancing accountability, information symmetry, and transparency.
These initiatives, as outlined by Minister Jitin Prasada, are a testament to the government’s commitment to fostering a business-friendly environment and stimulating industrial growth across the country.
