Single Window System for Investors

Context

The Commerce and Industry Ministry soft launched the National Single Window System (NSWS) for businesses to improve Ease of Doing Business (EoDB).

Key -highlights

• 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 single window portal will become a one-stop-shop for investors for approvals and clearances.
• The portal would bring transparency, accountability and responsiveness in the ecosystem and all information will be available on a single dashboard.
  • 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.

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
  • inefficient 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].