Karnataka‘s revamped single window system for traders launched
A wizard-based discovery software will help traders in figuring out the required State and Central approvals, NOCs, and clearances at totally different levels of their undertaking lifecycle, an official launch mentioned.
Additional, an Incentive Wizard and Calculator has been constructed into the system. It will enable traders to test their eligibility for numerous incentives, concessions, and rebates underneath totally different insurance policies. It’ll assist them make knowledgeable selections. An AI-powered multi-lingual chatbot will present on the spot responses to investor queries on insurance policies, incentives, approvals, and compliance necessities.
The chief minister mentioned this transfer is geared toward enhancing investor comfort.
The system additionally focuses on bettering the general investor expertise. It simplifies varieties, eliminates duplicate data, and integrates with over 40 programs by APIs. It additionally offers real-time standing visibility with event-based alerts and triggers.
Siddaramaiah said that these options will make Karnataka one of the investor-friendly locations within the nation.
To make sure ease in incentive claims and disbursement, the system allows traders to use for and observe their claims on-line. It will scale back paperwork and enhance transparency, the discharge mentioned.
The system is accessible in a number of languages and is designed to be mobile-friendly. It additionally consists of a web based grievance redressal mechanism. It will allow traders to boost queries and obtain fast resolutions from the funding facilitation group.
In line with the CM, this may be certain that issues are addressed in a time-bound method.
Siddaramaiha reiterated the federal government’s dedication to enhancing the investor expertise, expediting approvals, and decreasing bureaucratic hurdles.
“With the introduction of the revamped Single Window System, Karnataka goals to additional strengthen its place as one in all India’s prime funding locations. The brand new system will foster a extra environment friendly, clear, and business-friendly ecosystem” he added.
