How does Environmental clearances being accorded in 75 days benefit India
Explain the significance of Environmental clearances being accorded in 75 days
- 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.
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a year ago