National Single Window System (NSWS)
The National Single Window System (NSWS) is a digital platform initiated by the Ministry of Commerce and Industry in India with the aim of simplifying the process of obtaining pre-operational approvals for businesses. The platform has been designed to make it easier for investors to start a business in India by providing them with a single point of contact to obtain various approvals online. The NSWS is a step towards a more streamlined, transparent and efficient process of obtaining approvals, reducing the time and cost involved in starting a business in India.
Benefits of the NSWS
The National Single Window System offers several benefits to investors looking to start a business in India. Firstly, it provides a single platform for obtaining approvals from various government departments, reducing the need for investors to navigate through different departments and websites to obtain the necessary approvals. This saves time and reduces the hassle involved in starting a business.
Secondly, the platform is user-friendly and enables investors to obtain approvals online, eliminating the need for physical interactions with government departments. This not only reduces the time involved in obtaining approvals but also minimizes the risk of corruption and reduces the chances of fraudulent activities.
Thirdly, the NSWS provides investors with real-time updates on the status of their applications, making the process of obtaining approvals transparent and efficient. This helps investors to plan their business activities better and reduces the chances of delays due to unexpected roadblocks.
Integration with States and Union Territories
The Ministry of Commerce and Industry has stated that by the end of this year, the NSWS will be integrated with all the states and union territories in India, along with 32 central government departments. Currently, 19 states and union territories and 27 central government departments are part of this platform.
The integration with all the states and union territories will provide investors with a single point of contact for obtaining approvals, regardless of where their business is located. This will reduce the time and cost involved in starting a business in different states and union territories and will make it easier for investors to expand their business activities across India.