Kerala launches K-SWIFT for easy approvals for investment proposals

Kerala government has released a software application K-SWIFT (Kerala Single Window Interface for Fast, Transparent Clearances), ensuring all approvals for investment proposals within 30 days of application.
K-SWIFT launch in KeralaKerala chief minister Pinarayi Vijayan said the objective of K-SWIFT is to end delays and lethargy in approval of investments.

All investors will now receive clearances for their projects within 30 days. After 30 days, the proposals will be deemed cleared if the application is not processed by then. The 30-day time limit may be reduced to 15 days in future.

The K-SWIFT software application simplifies procedures and speeds up clearances.

The government is in the process of setting up specific industrial parks in private and public sectors as per the types of industry. In rural areas, the area limit will be 25 acres. The urban parks will have 15 acres.

Around 36,000 MSME units have been established in the state in the last two-and-a-half years, generating over one lakh jobs. The chief minister also launched the portal of ‘Invest Kerala.’

K Ellangovan, principal secretary, Industries, Commerce & Norka, said Kerala is the only state in the country that has amended all the existing rules to streamline and encourage the industry sector.