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2012-04-19

Government to launch portal to help setting up new businesses

The government is in the process of launching a portal that will provide entrepreneurs the opportunity to apply for all clearances to start a business at the click of a mouse.

The government is in the process of launching a portal that will provide entrepreneurs the opportunity to apply for all clearances to start a business at the click of a mouse.

Minister of State for Commerce and Industry Jyotiraditya Scindia, said here to the reporters at a CII function, “In all, around 57 approvals from authorities ranging from municipalities, state government agencies and the Centre are required to commence a business. So, we are setting up a single vertical (E-Biz portal) where any entrepreneur can login for all the approvals he requires and within a time oriented process.”

"The e-biz portal would also deal with export and import related registrations," he added.

"We are putting in place many KPIs (key performance indicators) and if government official do not abide by those KPIs, the approval would be deemed as given," Scindia said.

India has climbed up seven notches in the International Finance Corporation (IFC)-World Bank's "Doing Business Index" indicating market improvement in the business environment, though its ranking remained well below those of the neighbours like Sri Lanka, Nepal, Bangladesh and Pakistan.

India has been placed at 132nd position, up from 139th in previous year, in the Index prepared by the IFC-World Bank in 2011. The report takes into account regulatory changes in 183 countries for starting and doing business by local firms.

“National Manufacturing Policy (NMP) would also help businesses to get fast and timely approvals,” the minister stated in his responses to the press.

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