The government will establish a panel to give authorizations within 3 months for companies: Nitin Gadkari

NEW DELHI: The government will establish a panel to provide the necessary authorizations that companies need within three months in an attempt to attract foreign investment in MSMEs, Union Minister Nitin Gadkari he said Sunday.

Addressing Public Accountants, the minister reported that a Joint Secretary level officer has already been appointed to deal with foreign investment in micro, small and medium-sized enterprises (MSMEs).

We are going to formulate a place where we will give all kinds of authorizations within 3 months and at the same time, there will be no bureaucracy, full transparency, time-bound decision-making process, qualitative approach and without corruption, said Gadkari.

The committee will be established in coordination with states and the central government as stakeholders, and a policy will be formulated in this regard, the minister added.

Earlier in the day, addressing the Dalit Industries Chamber of Commerce of India, he said the government was making efforts to decentralize the industry.

There is a centralization of the industry in areas like Mumbai, Noida, Gurugram, Bengaluru, Chennai. We need to diversify this and that is the need of the hour, said Gadkari.

He said the government was formulating a policy on how investment can be made more attractive in backward and tribal areas.

Gadkari said he was ready to establish a leather group on the Delhi-Mumbai highway.

We will also give plots and residential accommodation to people residing in the slums of Dharavi, create a smart city with connectivity to airports, ports and stations, he said, and called on representatives of the leather industry to take the initiative with the help of the government.

He also urged people to leave Dharavi, noting that the situation there was grim.

Gadkari suggested that the leather industry prepare a plan for the proposed group on the Delhi-Mumbai highway.

The minister said he will also speak to the Maharashtra government in this regard.

The group will provide a good alternative for people to leave Dharavi, he added.