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India to establish G-2-B portal for investors soon

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India will soon establish a government-to-business (G-2-B) portal to provide easy communication and service linkage to foreign and domestic investors.


The department of industrial policy and promotion (DIPP), in a mission mode project (MMP) under the national e-Governance programme, has tentatively decided to award a Rs 20-crore pilot project to a consortium of companies led by CDAC. A final decision on the award of the contract would be taken after receiving comments from the National Institute of Smart Governance. Based on the success of the pilot project, the exercise would be expanded to a larger-scale covering all departments. Apart from DIPP (which issues industrial entrepreneur memoranda and industrial licence), the exercise would cover business-government interface in select departments, including ministries of company affairs (for issue of certificates of incorporation and commencement of business), excise and customs, environment, as well as RBI (for filing of forex transaction report), director general of foreign trade (for issue of importer exporter code), CBEC and a few chosen services in the governments of Uttar Pradesh, Andhra Pradesh, Maharashtra and Haryana, official sources said. This initiative would result in speedy, transparent and hassle-free information, minister of state for industry, Ashwani Kumar told.

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