More than 1,50,000 investors have used the KYA (Know Your Approvals) Module of the NSWS to know the list of approvals they require for their specific business cases. A total of 75,599 approvals have been granted out of over 1,23,000 applications received, according to a press release by the Indian ministry of commerce and industry.
Out of these, 57,850 approvals have been approved by the commerce and industry ministry. The consumer affairs ministry has approved 17,150 plus approvals applied through NSWS. NSWS is providing a single interface to apply for all G2B clearances from various ministries/departments as well as eliminating duplication of work by auto-populating form fields across different approvals based on single investor profiles.
Launched by Union minister Piyush Goyal in September 2021, the NSWS allows investors to apply for approvals from 27 central ministries/departments and 19 states/UTs on the portal.
ALCHEMPro News Desk (NB)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
