The government will create a single investment cell to expedite grant of licences and promote entrepreneurship.
Finance minister Nirmala Sitharaman has also announced 5 new smart cities for promoting entreprenuership. The smart cities will be created through a PPP model with states.
The move will merge all licences required to set up buisness in India into a single hub and expedite the ease of doing buinsess.
India’s ranking has jumped from 142 in 2014 to 63 in 2019 on the World Bank’s ‘Doing Business’ survey.