Cabinet clears ‘Saral Kerala’ to simplify, expedite investment approvals
The Kerala Cabinet has approved the 'Saral Kerala' initiative to simplify investment approvals through a single statutory authority. The scheme aims to reduce bureaucratic delays by implementing a unified 'One-State-One-Approval' system for industrial ventures.
Why it matters
This reform is designed to improve the ease of doing business in Kerala, potentially attracting significant domestic and foreign investment.
The Keralam Cabinet meeting held here on Wednesday decided to implement ‘Saral Kerala’ (Simplified and Accelerated Regulatory Approvals and Licences), an initiative aimed at attracting new investments and businesses to the State by facilitating ease of doing business. The scheme's primary objective is to ensure the timely issuance of necessary licences and permits for industrial ventures.
To achieve this, a ‘Single Statutory Authority’ will be established to grant all approvals through a unified channel based on the ‘One-State-One-Approval-One-Document’ (OSAD) concept. As part of the initiative, the Cabinet also decided to introduce significant amendments to 19 existing laws.
Under the new system, a district-level body will grant approvals for investments ranging from ₹25 crore to ₹50 crore, while a State-level body will handle proposals involving investments exceeding ₹50 crore. The Kerala State Industrial Development Corporation (KSIDC) has been entrusted with coordinating the scheme.
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