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Piyush Goyal

Govt Land bank coming

Single window for industrial approvals soon, says Piyush Goyal

The Centre is planning a soft launch of the land bank available with States and will create a land bank portal, Commerce and Industry Minister Piyush Goyal today said.

NEW DELHI, July 30, 2020: The Centre is planning a soft launch of the land bank available with States and will create a land bank portal, Commerce and Industry Minister Piyush Goyal today said.

Six States have already shared the data for this, Goyal said inaugurating CII National Digital conference on Ease of Doing Business for Atmanirbhar Bharat .

The Minister said that the worries on availability of land for industry in India are unfounded, as thousands of hectares of land has already been identified.

He also disclosed that a single window system for industrial approvals will soon be in place. Suggesting that the industry and government should work as partners Goyal urged the industry to play a proactive role in helping the government identify the tax evaders and violators.

Speaking on the Covid situation, he said that economy is bouncing back in the country and restrictions were temporary and are now being eased. He highlighted that during Covid crisis, the country's services sector continued to serve global clients. India’s exports are almost 88% of the last year’s level while imports are almost 75% of the same period last year. “Business is bouncing back,” he said and added that the export restrictions on ventilators will soon be done away with. He said that Centre is working with States for easier labour law, soft launch of land bank portal, single window clearance for investments.

On the incentive scheme for exports- Merchandise Export from India Scheme (MEIS), Goyal said that the Government is looking for an early solution and the government will find a way that does not impact exports. “We are in dialogue with the requisite authorities. MEIS is not going anywhere. It is a cash flow issue. We are trying for an early solution which is a win-win for everyone” pointed out.

The minister also said the finance ministry is looking at ways to promote finance for investments in the country and the government has been assured by the banks that there is ample liquidity in the system. The Minister said that his Ministry has already identified 20 industrial sectors for giving focused push. The Minister said that the government is working on decriminalising laws and removing redundant laws.

On the need for flexible labour laws to help the industry, Goyal said that the Centre is in touch with 16 States and UTs and had received proposals from them. “We are trying to commonalise their ideas. We are looking at how States can offer easy to implement the labour law ecosystem...,” he said.

 

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