jain: Engaged on second part of single window approval system for current companies: DPIIT Secy

“Proper now, the only window is positioned for brand spanking new investments. You will get your approvals to start out a enterprise, if you’re making a brand new funding…For phase-II, we have now began working and it’s for current companies.

“For them, it’s going to grow to be a single window. All of your returns might be on the only window…We had an inter-ministerial session (on this). By and enormous, all people is on board….This may make lifetime of current enterprise easy,” he mentioned.

Jain was talking at a CII‘s nationwide convention on MNCs.

The secretary additionally mentioned that the federal government is engaged on additional enchancment in ease of doing enterprise.

Earlier, India was ranked low within the parameter of beginning a enterprise, he mentioned, including, the worldwide common for beginning a enterprise is 15 days and in India, it was 22 days.

In New Zealand, it’s simply at some point and after taking steps by the federal government right here, “now it’s potential to start out a enterprise in India in at some point,” he added.