Department of Industrial Policy & Promotion (DIPP)’s expert committee to examine the possibility of replacing multiple prior permissions with pre-existing regulatory mechanism has submitted its recommendations aimed at promoting ease of doing business in the country.
- In order to make India as one of the most attractive investment destinations, the 11 member committee headed by Ajay Shankar recommended to create an investor friendly pre-existing regulatory framework replacing multiple prior permissions with adequate safeguards.
- Introduction of credible third-party certification in most areas of regulation.
- Adoption of global best practices for emission norms.
For start-ups – Earmarking of mixed land use redevelopment or Greenfield development and exempting them from the requirement of seeking building plan approvals.
- Special dispensation of complying with labour laws on their own without being subject to inspection for a period of three years or till their workforce exceeds 100, whichever is earlier.
- Inspection of a start-up should be done only with the permission of an officer at a sufficiently higher level.
Suggestion to Ministries of environmentally sensitive sectors:
Sectors such as power, petrochemicals, pharma and steel should join with the Ministry of Environment and Forests and prepare a 20 year perspective geographical plan in order minimize negative impact of environment.