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Investment Cell to connect Centre, State depts
The proposed Investment Clearance Cell in the Budget will link all central government ministries and State departments to provide information on land banks, incentive schemes and taxation policies to entrepreneurs, a top government official said.
New Delhi: The proposed Investment Clearance Cell in the Budget will link all central government ministries and State departments to provide information on land banks, incentive schemes and taxation policies to entrepreneurs, a top government official said.
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said, the cell will help an entrepreneur to take a well informed decision to set up manufacturing facility in the country.
"The idea is to bring all central government ministries and state governments linked to it physically as well as through IT," he said.
The cell will provide all information about incentive schemes and taxation policies of states and centre so that an entrepreneur has the complete information, he said.
The secretary said it will help them in taking an informed decision about "where to go" and once they decide, then "through this cell, we will help them in getting through all the approvals and clearances".
