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DIPP has asked states to set up Investor Facilitation Centres to boost investment: Sitharaman

Updated: Dec 15, 2015 11:31:19am
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New Delhi, Dec 15 (KNN) The Department of Industrial Policy & Promotion (DIPP) has requested Ministries/Departments as well as the State Governments and UTs to set up Investor Facilitation Centres to help channelize investments into the country, the Parliament was told.  
 
“No Investor Facilitation Cell has been set up under Invest India in the States. However, several States have set up their own one-stop facilitation centres to extend assistance and provide guidelines and cooperation to the investors,” Minister of State(Independent Charge) in the Ministry of Commerce & Industry Nirmala Sitharaman informed the Lok Sabha in a written reply.
 
In pursuance of an Action Plan agreed at the National Workshop on ‘Make in India’ held in December 2014, States/UTs have embarked upon a series of business reforms  with a view to improving efficiency and effectiveness of various government regulatory functions and services for businesses in India. 
 
Some of the important measures taken by the States for the MSME sector includes - Process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online and this service is now available to entrepreneurs on 24x7 basis at the eBiz website. This had led to ease of filing applications and online payment of service charges.

Application forms for Industrial Licence (IL) and Industrial Entrepreneur Memorandum (IEM) have been simplified, she said.
 
An order facilitating revival and rehabilitation of MSMEs through banker’s committee has been issued by Ministry of MSME, the Minister added. (KNN Bureau)

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