Rajasthan cabinet nod to One Stop Shop for fast tracking investments | Jaipur News


According to the scheme, entrepreneurs investing above Rs 10 crore in the state will be able to get 98 types o…Read More

JAIPUR: For fast-tracking investment and capacity expansion proposals by facilitating time-bound approvals and clearances, the state cabinet has approved ‘One Stop Shop’ scheme, earlier known as single window clearance system.
According to the scheme, entrepreneurs investing above Rs 10 crore will be able to get 98 types of clearances under one roof at the ‘One Stop Shop’ (OSS) under the Bureau of Investment Promotion of the industries department.
Officers from 14 departments like industries, RIICO, energy, labour, urban development, local self-governance, pollution control board, consumer affairs, tourism, revenue, factories and boilers, public works and PHED will be deputed to the One Stop Shop cell and will ensure that investment-related issues concerning multiple departments are received and addressed at one location to avoid unnecessary delay in clearances.
“Rajasthan government is committed to ensure a transparent and hassle-free ecosystem for investments coming to the state. Establishment of the OSS is in sequence with the various pro-industry measures taken by the government such as Rajasthan Industrial Development Policy (2019), Rajasthan Investment Promotion Scheme (2019) and MSME (Facilitation of Establishment and Operation) Act, 2019,” said Naresh Pal Gangwar, principal secretary, Industries.
The state cabinet has recently approved amendments in the ‘The Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011’ and provided for the constitution of a Board of Investment under the chairmanship of the Chief Minister for the purpose.
Sources said issues related to large projects concerning land, incentive or disputes will be decided by the Board of Investment (BoI) so that high-value investments don’t face delays. The source said the BoI will have ministers of finance and industries as members along with the chief secretary and principal secretary of industries, while the Investment Commissioner will be the member secretary of the board. The board will decide issues which require consideration at government level.
Suresh Agarwal, president of Federation of Rajasthan Trade and Industry said, “In the current situation, the government needs to be pro-active to restart the state’s economy and industry. Elimination of bureaucratic hurdles will certainly enhance the attractiveness of the state as an investment destination. Strong revival of industrial investment will be key to creating jobs, demand and replenishing state’s coffers.”
Agarwal cited the response to the new MSME Act which has attracted over 5000 companies since it was launched in June last year. “These are small investments but the MSME Act reform has shown how industry comes forward if there is ease of doing business. We expect the OSS also creates that kind of comfort among investors,” added Agarwal.

Source link


Please enter your comment!
Please enter your name here

Enable Google Transliteration.(To type in English, press Ctrl+g)