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Ministry attracts foreign investors with web portal

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As prime minister Narendra Modi wooed the business community in Australia to invest in India, his office in Delhi initiated the process of making the urban development ministry the felicitating agency to provide foreign investors an easy business passage.

Under the PM's program of Easy Business in India, the urban development ministry will act as a nodal body to assist foreign investors to get necessary clearances. With states and municipal by-laws varying from one state to another, the ministry will work closely to ensure that timely clearances are obtained. The ministry has also initiated the process of bringing uniformity in states and municipal by-laws.

The plan is that, instead of approaching states, these investors to obtain clearances, will be able to submit an online application on a common portal. These applications will be routed to states through Urban Development Ministry. Ministry will keep a track on all these applications, to iron out glitches and provide necessary clearances without delay.

"Municipal by-laws can be different in two municipalities in the same state. Also, details guidelines and rules of all states and municipalities are not readily available in the public domain. An investor coming from outside can get trapped in government's red tapism. This in turn will discourage foreign investors and defeat the spirit of East Business in India," explained an officer of the ministry.

The PMO has also written to the ministry to make the state laws friendly for the foreign investors. While amending state laws and brining in uniformity in municipal laws will not happen in a day, process for the same has been initiated.

"We will look into all state laws and municipal laws. Suggestions for making amendments will be called. The ministry will also have a consultation will all the states and the amendment will be brought," added the officer.

The officer also added that there will be some exceptions to the law in tribal belts, hilly and forest regions. But broader perspective will remain the same.

"Bringing uniformity in the state laws will be a rigorous exercise and will take atleast six months to a year to bring all states together. In the meanwhile, we will provide an easy passage to the investors to obtain necessary clearances," added the officer.

The ministry will be making its presentation to the PMO on November 22.

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