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Economy News : Indian-commodity.com

Wednesday, November 14, 2007

Lack Of Single Window Clearance Slows FDI Flow: Soni

NEW DELHI: Lack of single window clearance is the "biggest deterrent" in the path of attracting foreign investment, Union Tourism Minister Ambika Soni said on Tuesday.

Soni, while talking about plans to launch medical tourism, said efforts were being made in her ministry to reduce the procedural delays and fine-tune processes with the Ministry of Health and private players for smooth flow of investment in this sector.

"We have to fine-tune with the Ministry of Health and the private players as to how to facilitate those who want to open hospitals and budget hotels in India and how to provide single window clearance," she said.

"That (lack of single window clearance system) is the biggest deterrent I saw during my two years of ministership," Soni said at the India Health Summit here.

During her address to the doctors and medical professionals, she said to kickstart medical tourism, the government was working on a proposal for opening a 1000-bed hospital with budget accommodation for the visiting families.

Soni also said whenever she is travelling abroad in the capacity of Tourism Minister, she is always exhorting government and industry leaders to invest in India.

Talking about low investment levels compared to China, Soni said, "We may be drawing less, but we are long distance players".
Posted by Indian-commodity at 12:11 PM

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