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Business

Rajasthan Government Nods To One Stop Shop For Fast investment

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Last updated: Jul 26, 2022, 05:50 IST
By Ankur Sharma
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Rajasthan Government Nods To One Stop Shop For Fast investment
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The Bureau of Investment and Promotion in association with PHD Chamber of Commerce and Industry (PHDCCI) is organizing a program on One Stop Shop to sensitize investors about the unique initiative of One Stop Shop. The event is slated to happen on 26th July 2022 at 4:00 PM at HCM RIPA, OTS Campus, Jaipur. 

Earlier, in December 2021, strong campaigning under Invest Rajasthan and dialogue with interested investors has been welcomed by the industry. As a result, 4192 MOUs/LOIs worth Rs. 10.45 lakh crores were signed during the pre-connect programs and the District investor summits held as a run upto Invest Rajasthan Summit in a short span of 3 months. 

Rajasthan Government is committed to ensuring that the maximum investment interest received is grounded. The State Nodal Agency for Investments – Bureau of Investment Promotion has organized the program on One Stop Shop on 26th July 2022 wherein apart from briefing the facilities under the One Stop Shop, the departments under the One Stop Shop will directly interact with investors who had signed the MOUs/LOIs and facilitate the requisite clearances. 

The Government has been focused to ensure a transparent and hassle-free ecosystem for investments coming to the state. The establishment of the OSS in 2020 is in sequence with the various pro-industry measures taken by the government such as the Rajasthan Industrial Development Policy (2019), Rajasthan Investment Promotion Scheme (2019), and MSME (Facilitation of Establishment and Operation) Act, 2019.
While the new MSME act relieved micro small and medium enterprises from need of state government clearances for initial three years, the OSS will make the process easier for all investment proposals above Rs 10 crore.

Under the OSS clearances pertaining to 14 departments namely, Industries, RIICO Ltd, Energy, Labour, Urban development, Local Self Governance, Pollution Control Board, Consumer Affairs, Tourism, Revenue, Factory and Boilers, Public Works, Public Health Engineering and Health will be facilitated under one roof at the One Stop Shop housed at Bureau of Investment Promotion. By introducing of this facility, the government has relieved the investors from going office to office as the clearances can now be obtained through logging in at the official portal of the OSS, and query regarding any clearances/procedures can now be sorted at the One Stop Shop at Udyog Bhawan. 

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