Prakash Javedekar assures environmental clearance to real estate projects within 60 days
Union Minister of Environment and Forests Prakash Javadekar has said that his ministry intends to reduce the whole process of environmental clearance to real estate projects to 60 days.
Union Minister of Environment and Forests Prakash Javadekar has said that his ministry intends to reduce the whole process of environmental clearance to a real estate project to 60 days in a few days to come. He added that the environmental clearances used to be stumbling blocks before 2014. The Union Minister was speaking at the 15th National Convention of NAREDCO in New Delhi on August 19.
“Average time taken to clear projects was 640 days. After we took over, we made processes so easy that now it takes only 108 days for a project to get environmental clearance”, Javadekar informed. The minister emphasized that small procedural delays can be done away with, without compromising on environmental clearances. “Our priority is both environmental protection and development, only then our country can become a five-billion dollar economy. That’s why the suggestions of institutions like NAREDCO are very important”, he told the gathering.
See Zee Business Live TV streaming below:
The Union Minister of Environment and Forests revealed that his ministry is in the process of issuing standard conditions for every project such as wage recycling and water harvesting as per the size of the real estate project. And these conditions will not be more than 10.
“We are bringing about a regime change. We will introduce fewer conditions but ensure their fullest implementation. If need be, we will amend the law so that you get the ease of doing responsible business. Because freedom is never a one-way street,” the minister disclosed. He further informed that the Union Environment Ministry is also in discussion with states to make the environmental process smoother and less time-consuming. The states must realize that the Centre has delegated environmental protection to them so that they do it with a sense of responsibility.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
08:35 PM IST