The Chhattisgarh cabinet has approved a landmark Ease of Doing Business Bill, positioning the state to set a new benchmark in investment reforms. The bill aims to streamline regulatory processes, reduce compliance burdens, and attract both domestic and foreign investments.
Key Provisions of the Bill
The proposed legislation includes automatic approval for certain business activities, a single-window clearance system, and time-bound approvals for licenses and permits. It also introduces a mechanism for self-certification and random inspections to minimize harassment of businesses.
Impact on Investment Climate
Chief Minister Vishnu Deo Sai stated, "This bill will transform Chhattisgarh into a preferred investment destination. We expect to see a 30% increase in new business registrations within the first year of implementation." The bill is expected to cut the average time for starting a business from 40 days to under 10 days.
Reforms and Transparency
The bill also mandates online tracking of all applications and approvals, ensuring transparency and accountability. A dedicated investment facilitation cell will be set up to assist investors. The state government aims to rank among the top three states in the Ease of Doing Business index by 2027.
Support from Industry
Industry bodies have welcomed the move. The Confederation of Indian Industry (CII) noted, "This is a progressive step that will unleash the economic potential of Chhattisgarh." The bill is expected to boost sectors like manufacturing, mining, and renewable energy.
Next Steps
The bill will now be tabled in the state assembly for approval. The government plans to pass it in the upcoming monsoon session. Once enacted, it will replace multiple existing laws and bring all business-related approvals under a single legal framework.
