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Govt may operationalise eBiz project within a year

Govt may operationalise eBiz project within a year
The government on Monday said it may operationalise eBiz Project, which aims at simplifying clearances and compliance processes for the industry, in a few states within in the next one year. The project, launched in 2009, has been initiated by the Department of Industrial Policy and Promotion (DIPP), under the Ministry of Commerce and Industry.

'We hope to make it operationalise in few states in the next 12 months,' DIPP secretary Saurabh Chandra said here at a PHDCCI function.

West Bengal, Rajasthan, Haryana, Andhra Pradesh, Tamil Nadu, Delhi and Maharashtra are currently part of the project that aims at making all regulatory information easily available to various stakeholders.

It will provide a single stop shop for all business licences and permits; eliminate the need to physically interface with various regulatory authorities at central, state and local government levels; provide all information regarding business 24X7 on a single portal.

It would also allow businesses to file various returns, pay taxes and submit compliances through a single interface.

An industry official said that apart from being a single interface point for industries seeking any information on any state, the project will help in bringing down compliance costs and improve business process significantly.

Further, Chandra said that there is a need to bring foreign direct investment (FDI) in manufacturing sector and for that the government has formulated a National Manufacturing Policy.

He said that Japanese companies have expressed interest for the proposed national manufacturing and investment zones.

NMIZs will be mega-industrial zones with world class supporting infrastructure. The government is offering a host of incentives like exemption from capital gains tax and a liberalised labour and environment norms to promote these zones.
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