Piyush Goyal launches single window system for investors, businesses

Minister of Commerce and Industry Piyush Goyal has launched the National Single Window System (NSWS) for investors and businesses. Goyal said that the NSWS would become a one-stop portal for investors for getting approvals and clearances. NSWS will lead in freedom from the difficulty of running to government offices for approvals and registrations. He further said that PM Narendra Modi's leadership has encouraged India to dream big. According to him, the portal will bring transparency, accountability and responsiveness to the system. All the data will be available on the dashboard. An applicant dashboard will be available for applying, tracking and responding to issues. He added that all the solutions would be provided in one click through end-to-end facilitation. Currently, the portal holds 18 Central Departments and nine states approvals and the next 14 Central Departments and five states will be added by the end of the year. The system will generate a list of approvals for any business that needs to commence operations. It will be made possible through a series of questionnaires and identifies the business approvals based on the response. The portal has been introduced with a common registration form, which eliminates the need of filling in the same information every time. It also has an online centralized storage service facility that records the document submission and uses it across several approvals, eliminating the need to submit the documents again. The beta version of the portal has been launched to the stakeholders and the public as a trial soft launch. Currently, the beta version holds approvals from 18 Central departments and nine States, which aims at providing business approvals through the information provided. Image Source