As part of the ease of doing business in the country, the government is committed to introducing a single-window clearance mechanism for investors by mid-April next year. This technology-based platform for both domestic or global investors envisages to give all the information about the land, procedures, requirements and requirements to get that investment proposal cleared. "It will lead to a unified single sheet of information, which other approval ministries will draw. So, the investor doesn't have to do multiple applications in the end. Although, it is not going to replace any important approval because these are all important approvals.
India seeks German investments in smart cities
India has sought investments from German companies in areas including smart cities and construction of airports to increase economic cooperation between the countries. India also expressed keenness to increase collaboration with Germany in areas such as smart cities, technology for green energy etc. Currently, 80 Indian companies operate in Germany.
India and European economic major Netherlands singed Customs Treaty which will boost trade ties between the two countries through an efficicent management of customs rules. In the last 15 years, the Netherlands has invested 15 billion USD in India and in the past few years, the Netherlands was one of the 5 largest investors in India while at the same time India was in the top-5 investors in Netherlands.
India 2.0 plan: Volkswagen opens new R&D facility in Pune, India
Volkswagen, German multinational automotive manufacturing company, opened a new R&D facility in Pune as part of the group’s ‘India 2.0’ plan that calls for a Rs 2,000-crore (250 miilion euros) investment into R&D, helping enhance the local content in the cars to be sold in the world’s fastest-expanding major economy.