GS Paper - 2 (Polity)

Lt Governor Manoj Sinha launched the single-window portal for Jammu and Kashmir, making it the first Union territory to be integrated with the national single-window system. While 130 industrial services have been made online on the single-window system, over 160 more services will be integrated this year.

What

  1. Now global investors can apply for all their business approvals in Jammu and Kashmir through the national single-window system.
  2. These reforms have helped us receive investment proposals worth Rs 70,000 crore in different sectors within a year.
  3. In January last year, the UT administration announced a new industrial developmental scheme (IDS) to encourage new investment and to take industrial development to the block level.
  4. The integrated single-window system will facilitate new investments locally and globally, either through the national single-window system or through J&K single-window system with user-friendly interfaces and timely approvals.
  5. The Department of Industries and Commerce, being the nodal department, will coordinate with all departments of J&K administration for successful compliance of Business Reform Action Plan (BRAP) 2022 and Regulatory Compliance Burden (RCB) 2022.