Recent Initiatives to Boost Industrial Growth

1. Ease of Doing Business
• reforms are being undertaken in areas such as starting a business, dealing with construction permits, registration of property, power supply, paying taxes, enforcing contracts, and resolving insolvency.
• liberalization of licensing and deregulation of a large number of defence products.
• adoption of a checklist with specific time-lines for processing all applications filed by foreign investors in cases relating to retail/non-resident Indian (NRI)/export-oriented unit (EoU) foreign investments.
• automation of processes for registration with the Employees Provident Fund  Organization and Employees State Insurance Corporation.
• processing of environment and forest clearances online. 
• reducing the number of documents for exports.
2. Make In India
• aimed to facilitate investment, foster innovation, enhance skill development, protect intellectual property, and build best-in-class manufacturing infrastructure.
• Information on twenty-five sectors has been provided on a web portal along with details of FDI policy, National Manufacturing Policy, intellectual property rights.
• Delhi-Mumbai Industrial Corridor and other National Industrial Corridors.
• An Investor Facilitation Cell has been created in 'Invest India' to guide, assist, and handhold investors.
3. E-Biz Project
• one-stop shop for delivery of services to the investors and address the needs of the business and industry from inception through the entire life cycle of the business.
• process of applying for industrial licence (IL) and industrial entrepreneur memorandum (IEM) has been made online and this service is now available to entrepreneur on 24x7 basis at the E-Biz website.
4. Skill Development
• Ministry of Skill Development and Entrepreneurship to promote skill and entrepreneurial activities.
• Thirty- one industry/employer-led Sector Skill Councils (SSCs) are now operational and these have been aligned with the twenty-five sectors of 'Make in India'.
• To create a common standard for skills training and certification in the country efforts are on to align the National Council for Vocational Training (NCVT), school boards, and the University Grants Commission (UGC).
5. Streamlining environment and forest clearances
• online submission of applications for environment, coastal regulation zone (CRZ), and forest clearances.
• decision- making process has been decentralized by strengthening federalism.
• To ensure industrial and education growth, the requirement of environment clearance has been done away with for projects for construction of industrial sheds which house plant and machinery, educational institutions and hostels.
6. Labour -sector reforms
• Shram Suvidha portal has been launched for online registration of units, filing of self-certified, simplified, single online return by units.
• introduction of a transparent labour inspection scheme via computerized system as per risk-based criteria, uploading of inspection reports within seventy-two hours and timely redressal of grievances.
• A Universal Account Number has been launched facilitating portable, hassle-free, and universally accessible Provident Fund accounts for employees.
• The Apprentices Act, 1961 has been amended so as to make it flexible and attractive to youth and industry.
• Apprentice Protsahan Yojana to support micro small and medium enterprises (MSME) in the manufacturing sector.