India reduces green approval time to 57 days
after close1 source ↓written by the desknot a recommendation
- in 2014
- 600 days
- today
- 57 days
- also decreased
- 362 days
- 83 days
- implemented
- 24 legal reforms
The Union Ministry of Environment has cut the processing time for environmental clearances from 600 days in 2014 to just 57 days today. Forest clearance times have also decreased from 362 days to 83 days. These reforms aim to reduce project execution risks in capital-intensive sectors like cement and steel, potentially enhancing investment sentiment.
• 24 legal reforms implemented
• 27 digital governance measures introduced
This streamlined process may lead to faster project completions and reduced cost overruns for companies in affected sectors.
Not investment advice. For informational purposes only.