420,000 India-focused businesses checked NSWS’ KYA
More than 150,000 investors from 157 countries have used KYA (Know Your Approvals) Module of National Single Window System (NSWS) to know list of approvals they require for their specific business cases.
A total of 75,599 approvals have been granted out of over 123,000 applications received for participating in the ‘Indian Growth Story’, the Commerce and Industry Ministry said on 5 Jan 2023.
It said 420,000 India-focused businesses checked NSWS’ KYA.
The Ministry has approved 57,850 proposals while the Ministry of Consumers Affairs has approved 17,150 plus approvals that were applied through NSWS, a single interface to apply for all G2B clearances from various Ministries and Departments.
The NSWS process eliminates duplication of work by auto-populating form fields across different approvals based on single investor profile.
The NSWS has also onboarded various government schemes namely Vehicle Scrapping Policy, Indian Footwear and Leather Development Policy (IFLDP), Sugar and Ethanol Policy, National Program on High Efficiency Solar PV Modules under PLI Schemes.
Under these schemes, NSWS has facilitated more than 400 investors in applying for DPIIT’s Indian Footwear & Leather Development Programme 2021-26 applications,
Twenty-five investors have applied for Registered Vehicle Scrapping Facility (RVSF) applications and 19 Investors have applied for Automated Testing Stations (ATS) applications.
More than 2,000 investors have applied for various registrations under Sugar and Ethanol Scheme of Department of Food and Public Distribution, said the Ministry.
In pursuance towards building a national single window architecture, the Commerce and Industry Minister Piyush Goyal had held a meeting with all the states and ministries on 5 Dec 2022, where suggestions were solicited from all the stakeholders to further streamline the entire ecosystem.
The portal will progressively work to onboard more approvals and licenses, based on user and industrial feedback.
Goyal soft launched the NSWS on 22 Sept 2021 for investors to apply for approvals from 27 Central Ministries and Departments and 19 States and Union Territories.
The portal is envisioned as a one-stop shop for investors for taking all the regulatory approvals and services related to investments.
NSWS initiative is an epitome of the ‘Whole of Government’ approach with different Central Ministries and Departments, States and UTs coming together to facilitate investor related clearances on a single portal, with transparency and accountability, enhancing ease of doing business exponentially, said the Ministry. fiinews.com
