2020, in addition to being remembered for the unprecedented global pandemic, will also be remembered in India for the revolutionary second-generation reforms being undertaken by the Modi Government.
Along with the recently passed farm and labor reforms, the Modi government is working tirelessly to further increase investment into the Indian economy. Single Window Clearance and Land banks are now being enabled to further enable ease of doing business, produce jobs and boost investments.
National GIS-enabled Land Bank system launched
Identifying suitable land and its acquisition is one of the biggest hurdles facing investors in India. Now this arduous process has been significantly eased with the launch of the National Land bank system.
Union Minister for Commerce and Industries Piyush Goyal launched the national GIS-enabled land bank system, which will help investors to get real-time information about the availability of industrial land and resources
This is being done by integrating the Industrial information system (IIS) with state GIS (Geographic Information System). While 8 states have been onboarded now, by the end of the year, all states will be onboarded on to this platform, enabling investors to easily identify land available for industrial use throughout the country according to their needs.
IIS portal is a GIS-enabled database of industrial areas/clusters across the states. Enabling investors to choose land according to their needs, the portal’s database on industrial areas/clusters has information on forest, drainage; raw material heat maps (agricultural, horticulture, mineral layers); and multiple layers of connectivity.
Following launch of Portal, following information has already been onloaded:
- 3,893 Industrial Parks been mapped. This amounts to total land area of 54,58,659 hectares of mapped land and 1,14,628.21 Hectares of Industrial land area. This includes 3,40,043 plots of land and 80 private parks.
- Information on champion sectors and high priority sectors under Make in India have been provided including state and strict wise net industrial land available for each sector
- Heat maps are also available to get local information on efficiency of resources, availability of raw material, horticulture, minerals and other natural resources
- External infrastructure like roads, railways, airports, port connectivity have also been geo-located to provide complete information to investors
Source: IIS Website
Single Window Clearance to be Enabled
In previous articles, we had outlined how individual states like Uttar Pradesh, Madhya Pradesh and Karnataka have pursued massive ease of doing business reforms to spur investment including offering single window clearances. Now, the Modi government is launching a single window clearance platform which will significantly remove major hurdles for investment in India.
According to a report by Business Standard, the Single window system is to handhold foreign investors keen on investing in India. It will help the investors to obtain all required regulatory and state level clearances required for foreign investors to set up manufacturing in India.
This system will also consolidate applications under different departments will be collaborated into one for easy issual of grants and Finance Ministry and Commerce ministry are already working with states to enable this portal
This portal will become operational in early April of 2021 and, more importantly, has already seen huge traction among foreign investors even before the launch. At least half a dozen foreign investors are in talks with government with regards to the working of this portal.
While the recently passed farm bills free the farmers from clutches of middlemen and vested interests, it also enables much needed investment into agriculture by private sector. Similarly, labor reforms enable further ease of doing business for industries while giving better rights to workers.
Now, with the launch of national Land bank and single window clearance, Investment into India will become a smooth affair generating millions of jobs for aspiring Indians and giving concrete shape to PM Modi’s goal of AatmaNirbhar $5 Trillion Bharat.