In order to stream line the procedures for setting up of an industry and to give technical and financial assistance to entrepreneurs, various promotional industry specific agencies and organisations have been set up by the Central as well as the State Governments. These organisations undertake monitoring, research, market - development, export promotion or such other work for a particular industry.
Secretariat for Industrial Assistance (SIA) has been set up by the Government of India in the Department of Industrial Policy and Promotion
in the Ministry of Commerce & Industry
to provide a single window service for entrepreneurial assistance, investor facilitation, receiving and processing all applications which require Government approval, conveying Government decisions on applications filed, assisting entrepreneurs and investors in setting up projects (including liaison with other organisations and State Governments) and in monitoring implementation of projects. It also notifies all Government Policy decisions relating to investment and technology and collects and publishes monthly production data for select industry groups.
- In most of the States the organisations present to assist and promote industries are:-
- Investment Promotion Agencies (IPA)
- State Industrial Development Corporations (SIDC)
- Small Scale Industries Development Corporations (SSIDC)
- State Financial Corporations (SFC)
- District Industries Centres (DIC)
- Single Window Service and Escort Service
Several state Governments have set up single window services (SWS) and investor escort services (ES). SWS aim at providing the investors a single point of contact to meet all regulatory requirements and get the required approvals. ES is targeted at large and medium sized projects and one individual is assigned from one of the State Government agencies to the investor. ES seeks to help the investor in information collection, identification of project sites, arranging feasibility studies, clearance of the project by financial institutions, etc.
For more details visit our Section on 'Investment Opportunities and Incentives' and 'Industry and Services'.