NEW DELHI: The proposed Investment Clearance Cell in the Budget will link all central government ministries and state departments to provide information on land banks, incentive schemes and taxation policies to entrepreneurs , a top government official said.
Secretary in the Department for Promotion of Industry and Internal Trade ( DPIIT Guruprasad Mohapatra said the cell will help an entrepreneur to take a well informed decision to set up manufacturing facility in the country.
"So all the land bank details are going to be a part of it and this will be on a live system where you can see which site is where.
So, we are working on the national land banks," the secretary said.He added that many states have their own single window clearance systems to promote investments but neither the central government department nor the state governments are aligned through a single agency.
"If somebody wants to set up an industry and he proposes certain investment in certain sector, the idea is that if he approaches this investment cell which the finance minister has talked about, then all the hand holding and all the clearances that he requires are available to him and facilitated through this cell," Mohapatra said.Finance Minister Nirmala Sitharaman in her Budget speech proposed to set up an Investment Clearance Cell that will provide end-to-end facilitation and support, including pre-investment advisory, information related to land banks and facilitate clearances at the centre and state level. | To read full story, visit https://startuparound.com/read/1580729405.0772128/Investment-Cell-to-provide-information-on-tax-policies,-incentive-schemes-to-entrepreneurs?ref=audio_experience