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Centre to set up panel to give necessary clearances for businesses

A Joint Secretary level officer has already been appointed to look after the foreign investment in MSMEs

Central government, Clearances needed by businesses, Attract foreign investment, Micro small and medium enterprises, MSMEs, Joint Secretary level officer, No red tape, Full transparency, Time-bound decision-making process

The Central government will set up a panel to provide necessary clearances needed by businesses within a timeframe of three months in a bid to attract foreign investment in micro, small and medium enterprises (MSMEs).

A Joint Secretary level officer has already been appointed to look after the foreign investment in MSMEs. A committee will be formulated where the Centre will give all types of clearances within three months and at the same time there will be no red tape, full transparency, and time-bound decision-making process.

The committee will be set up in coordination with states and the Central government as stakeholders, and a policy will be framed in this regard.

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June 2020
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