The government on Thursday invited suggestions from the public on ways to cut down on multiple permissions for investors, a move aimed at promoting ease of doing business in the country and attract more investment.
“Suggestions invited from the public for replacing multiple prior permissions in starting a business,” the Commerce and Industry Ministry said in a statement. Any person who intends to present any information or suggestion may send the same on email to ravinder.73@nic.in or by fax at +91-11-23063212, it said.
The DIPP has already constituted an 11-member expert committee on the matter. It would examine the possibility of replacing multiple prior permissions in starting a business with a pre-existing regulatory mechanism and preparing a draft legislation for this purpose. The terms of reference of the committee include studying the requirements of various prior permissions with an exhaustive inventory, and examining the possibility of replacing these prior permissions with a pre-existing (proposed) regulatory mechanism.
Former Secretary with DIPP Ajay Shankar is the chairman of the panel. Airtel Vice President Manoj Kohli and Jaijit Bhattacharya, partner at consulting firm KPMG are members.