Over 4 lakh applications have been approved through the National Single Window System portal till Oct. 14 this year, the commerce and industry ministry said on Friday.
The national portal integrates the existing clearance systems of the various ministries/ departments of the Centre and state governments.
Currently, approvals granted by 32 ministries/ departments and 29 states/Union Territories single window systems have been integrated with the portal.
The national portal integrates the existing clearance systems of the various ministries/ departments of the Centre and state governments.
It also said that a total of 277 central approvals and 2,977 state approvals can be applied through NSWS.
"Till Oct.14, 7.10 lakh approvals (applications) have been applied and 4.81 lakh approvals have been granted via NSWS, including foreign direct investment approvals, petroleum-related services, hallmarking and startup registration," a ministry statement said.
The ministry also said that the production linked incentive schemes for 14 sectors have achieved significant milestones, including investments of Rs 1.46 lakh crore ($17.5 billion), production/sales of Rs 12.50 lakh crore ($ 150 billion), exports worth Rs 4 lakh crore ($48 billion), and employment for 9.5 lakh individuals.
Over 1,300 manufacturing units across 14 sectors under 10 ministries/departments have been established in 27 states/UT
It also said that from 2000 to 2024, a total FDI inflow of $991 billion was recorded, with 67% ($667 billion) received during the last ten financial years (2014-2024).
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"FDI equity inflow in the manufacturing sector increased by 69%, rising from $98 billion in 2004-2014 to $165 billion in 2014-2024," it added.
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