J&K become the first union territory (UT) integrated National Single Window System

Highlights:

• 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.
• The UT has been integrated to facilitate investment in the region. 
• With this the global investors can apply for their business approvals in online mode. 
• With this, the union territory is being linked in to a big network of partnerships. 
• These partnerships include both domestic and foreign companies. 
• The integration will make Jammu and Kashmir more competitive.
• 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.
• 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.
• 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.