In the second phase of its landmark study on “Ease of Doing Business in the Indian States,” the study emphasizes that digitized and time-bound Single Window Systems can be a game-changer in improving the investment climate across states.
File Photo: IANS
The Associated Chambers of Commerce and Industry of India (ASSOCHAM), in its recent report, called for accelerated reforms aimed at simplifying business regulations, improving approval systems, and supporting the growth of India’s Micro, Small, and Medium Enterprises (MSMEs).
In the second phase of its landmark study on “Ease of Doing Business in the Indian States,” the study emphasizes that digitized and time-bound Single Window Systems can be a game-changer in improving the investment climate across states.
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“By streamlining approvals and reducing bureaucratic delays, such systems can greatly enhance efficiency and transparency,” the report said.
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The report also recommends simplifying land-use and zoning procedures, rationalizing approval fees and strengthening last-mile infrastructure, particularly access to electricity, roads and water, to improve overall business competitiveness.
At the national level, the report proposes a single, consolidated annual MSME compliance form combining multiple filings such as AOC-4, MGT-7A, DIR-3 KYC, MSME Form-I and DPT-3.
It also suggests introducing biennial or triennial filing cycles for registered MSMEs to ease compliance under the Companies Act.
A detailed state-level insight was also presented from 18 states, including Andhra Pradesh, Bihar, Gujarat, Haryana, Kerala, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal, among others.
The findings underline that aligning state-level business reforms will be crucial to achieving India’s long-term growth objectives.
One of the most urgent recommendations is the creation of true, functional single-window systems in states such as West Bengal, Odisha and Andhra Pradesh- with fixed approval timelines and clear accountability- replacing fragmented mechanisms that often function as “multiple windows.”
The study further reiterated that building a predictable, technology-driven, and entrepreneur-friendly regulatory ecosystem can substantially enhance India’s competitiveness, attract greater domestic and foreign investments and unlock new opportunities for job creation and inclusive growth.
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