Maadhyam portal to boost ease of doing business
Maadhyam will improve the ease of doing business by providing investors with information on pre-operations approvals required to establish a business
India will soon launch ‘Maadhyam’, a single window clearance system that will allow investors to obtain over 560 types of regulatory approvals from more than 28 central ministries and departments across 14 states to start a business in the Asia’s third largest economy, Hindustan Times reported Thursday.
The regulatory approvals include permission to start a fuel retail business, get a permanent exporter license, set up a unit in the special economic zone (SEZ), register copyright, start a power exchange, or obtain a license to start a private security agency.
Reportedly, the initiative is under trial and will be launched by the end of this month or the next month. India has shown significant improvement in the ease of doing business index in the last couple of years. The national single-window system (NSWS) is primarily aimed at improving the ease of doing business for investors in India and globally.
Track real-time status
The application allows investors to track the application’s real-time status with expected timelines for the processing. The portal enables investors to resolve any queries or respond to any clarifications raised by the ministries and states.
Maadhyam is also integrated with the states’ single window systems. Maharashtra, Andhra Pradesh, Tamil Nadu, Assam, Goa, Gujarat, Karnataka, Himachal Pradesh, Odisha, Madhya Pradesh, Punjab, Uttar Pradesh, Uttarakhand, and Telangana are the participating states.