J&K in National Single Window System

Jammu and Kashmir has become the first union territory (UT) to be integrated with National Single Window System.More than 130 industrial services have been made online on the system. 160 more are to be added.

Key Points:

• National Single Window System is a digital platform where the investors can identify and apply for approvals.It also provides advisory services. Also, the portal gives updated information about the approvals.

Background:

• The reforms being introduced in Kashmir are bringing in more investments.In 2021 alone, Kashmir received Rs 70,000 crores of investment.The key driving factor for these investments is the Industrial Development Scheme.The scheme was announced in January 2021 with a total outlay of Rs 28,400 crores

Current Scenario:

• Jammu and Kashmir is right now in a new stage of development.The central government is providing focused growth in dynamic sectors such as horticulture, real estate and tourism.The focus is mainly on increasing employment opportunities.
• This way, the energy of the youths can be diverted towards productive works.And their involvement towards terrorist and anti – governmental mishaps shall be reduced.
• The Department of Industries and Commerce is the current nodal agency in implementing the industrial reforms in the union territory.The department will make sure the Jammu and Kashmir administration is complying to the Business Reform Action Plan, 2022 and Regulatory Compliance Burden, 2022.