Government to set up panel to give clearances in 3-month time frame for businesses: Nitin Gadkari

The government will set up a panel to provide necessary clearances needed by businesses within a time frame of three-months in a bid to attract foreign investment in MSMEs, Union Minister Nitin Gadkari said on Sunday. Addressing Chartered Accountants Association of India, the minister informed that a Joint Secretary level officer has already been appointed to look after the foreign investment in micro, small and medium enterprises (MSMEs).

“We are going to formulate a committee where we will give all types of clearances within 3 months and at the same time, there will be no red tape, full transparency, time bound decision making process, qualitative approach and no corruption,” Gadkari said