According to the economic affairs secretary, Tarun Bajaj, the government is working on a single Window system to guide foreign companies through the complete range of various regulations and the clearances.
Acknowledging that foreign companies that come to India get “lost in the federal structure”, Bajaj said, “This proposal has now been fructified, it’s a work in progress and we would like now to address companies’ concerns and handhold them through this maze of various regulations and clearances that some of you actually face,” during an online conference hosted by the US India Business Council.
According to Bajaj, the government was also looking to widen the ambit of the production linked incentives (PLI) scheme. The scheme, aimed at promoting manufacturing in India, was started in the electronics industry focusing on mobile phone production.
Stressing the government’s focus on infrastructure investment, the secretary said, ”There is an emphasis on infrastructure at this point in time in the country and we are making all-out efforts to spend money in that area. The asset monetization in road, power, and railways is also our priority and some efforts are taking place on that side as well.”
