MoCA set up Investment Clearance Cell for Assistance & Clearance -THE HINDU-22-07-2020

Context: MoCA set up Investment Clearance Cell for Assistance & Clearance of Proposals in Aviation Sector; Headed by Amber Dubey.

Details:

*The civil aviation ministry has set up a single-window clearance mechanism to expedite various investment proposals in the domestic aviation industry.

*ICC is a single window clearance mechanism for assistance and clearance of investment proposals in the domestic aviation industry.

*The 10-member ICC will be headed by Amber Dubey, joint secretary in the aviation ministry, according to the MoCA order.

*The ICC has been mandated to serve as a single-window system for attracting investment and its terms of reference include accelerating investments, bringing projects to the Empowered Group of Secretaries (EGoS) which require special incentive, policy interventions, expeditious clearances and systematic references, among others.

Investment Clearance Cell(ICC):

*ICC Cell consists of 10 members .

*The Investment Clearance will act as a single window system for attracting investments.

*The ICC will also identify projects and report to EGoS and maintain active contacts with investors and work with the states, duly adopting ways of on-boarding the states to make them a part of the institutional set-up.

Members of ICC:

*one from each Airport Authority of India(AAI) and AAI Cargo Logistics and Allied Services Company Ltd (AAICLAS).

*One member from the Directorate General of Civil Aviation.

*5 member from Ministry of Civil Aviation.