Fri. Mar 29th, 2024
https://pixabay.com/en/money-finance-business-financial-2696228/

Guruprasad Mohapatra, secretary of DPIIT (Department for Promotion of Industry and Internal Trade) has announced that the department will set up a mechanism to handhold investors and help them set up their facilities in India after the proposal would be approved by the Commerce and Industry Minister Piyush Goyal, reported ET.

Mohapatra added that the DPIIT will set up an investment promotion and facilitation agency Invest India, which will also be funded by the DPIIT.

“Very soon we will be announcing it. Within Invest India, another format in which we actually do hand-holding from investment query that anybody makes to operationalising it in the field,” he said.

Mohapatra also said that the new mechanism will help in all approvals and clearances that a company requires to set up a plant in a state or district or town.

“This is the kind of new set up that is being worked out now. We have submitted the proposal to the minister; and once it will be approved, we will operationalise it from next month,” he added.

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