How does Environmental clearances being accorded in 75 days benefit India

Explain the significance of Environmental clearances being accorded in 75 days
Environmental clearances being accorded in 75 days benefit India in several ways:
  • It helps in providing a conducive environment for businesses to operate and invest in India.
  • Reduced time for obtaining environmental clearances will speed up the implementation of new projects, leading to more job creation and economic growth.
  • It promotes ease of doing business and encourages foreign companies to invest in India without facing bureaucratic hurdles, which in turn, will improve the country's position in the Global Competitiveness Index.
  • A faster clearance process will also enable the government to meet its targets for boosting the manufacturing sector and achieving economic growth.
  • By providing clearances in a timely manner, it also helps to protect the environment by ensuring that all projects are in compliance with environmental regulations and guidelines.
  • Overall, the quick clearance process helps to improve the country's economic growth, create jobs, attract foreign investments, and maintain environmental compliance.
By streamlining the approval process, projects can proceed more quickly and with less risk, thus ensuring the efficient use of resources and increasing economic development.
Answered a year ago
Amrita Preparing for Civil Services