Single-window clearance mechanism for foreign investors hits a bump

Manpower crunch because of Covid, only 8 states put in place the requisite infra

FPI, foreign investments, investors, FDI, funding, growth, market
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Shrimi ChoudharyShreya Nandi New Delhi
The Centre’s ambitious single-window clearance mechanism for foreign investors, which was expected to launch on April 15, has been delayed because states’ technical infrastructure is not yet prepared for the new mechanism. Besides, the second wave of Covid-19 and resultant lockdowns have affected manpower availability within the nodal departments.
 
As a result, it is learnt that the government has worked out a new timeline and has shifted the launch to June.
 
The new system is being developed to handhold foreign investors keen to invest in India. It aims to help them obtain all requisite regulatory and state clearances

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First Published: Apr 29 2021 | 6:10 AM IST

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