ZT News Network
SRINAGAR, SEPTEMBER 12: In what is seen as a landmark decision, the J&K Governor administration today approved the “J&K Single Window (Industrial Investment and Business Facilitation) Act, 2018”.
The Act is an initiative, under the flagship program of Ease of Doing Business (EoDB) of Government of J&K, aimed at comprehensive and unprecedented overhaul of the outdated processes and procedures involved in setting up and operation of businesses in the state, an official handout issued here said .
The legislation aims at making the doing of business in the State much easier and to create a hassle-free business friendly environment here.
“Earlier, pre-establishment approvals/NOCs would take months/years to obtain. The approvals/NOCs can now be obtained in a matter of week(s) through on-line mode in a time bound manner. Under a single umbrella, services of more than 12 departments have been brought to the door steps of the people through on-line mode. All services from Pre-establishment, Pre-Operation to Renewals will be available at the Single Window Portal.”, the official statement further said.
The legislation also provides for a three level Committee at the State, Division and District level, fast clearances within the stipulated timeframe; minimum physical touch points with the official hierarchy; provision of deemed clearances; better compliance and transparency and an inbuilt grievance redressal mechanism.
The enactment of this ‘Single Window Act’ is expected to ensure an improved EoDB ranking of the State of J&K during 2018.