India's Government to Launch Third Jan Vishwas Bill to Enhance Business Environment
Woking on Jan Vishwas bill 3 to further improve business environment: Piyush Goyal
The Economic TimesImage: The Economic Times
Commerce and Industry Minister Piyush Goyal announced plans for a third Jan Vishwas bill aimed at simplifying business processes and reducing compliance burdens. This follows the recent passage of the Jan Vishwas (Amendment of Provisions) Bill, 2026, which decriminalized numerous minor offences across various laws.
- 01The third Jan Vishwas bill will focus on simplifying business processes.
- 02The Jan Vishwas (Amendment of Provisions) Bill, 2026, decriminalized over 1,000 minor offences.
- 03India aims to finalize 6-7 more free trade agreements in the next two years.
- 04The government plans to establish 100 new industrial parks under the Bhavya Scheme.
- 05Goyal discussed trade opportunities with Ecuador's Foreign Affairs Minister.
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Piyush Goyal, India's Commerce and Industry Minister, revealed that the government is developing a third Jan Vishwas bill to further enhance the business environment by simplifying processes and reducing compliance burdens. This initiative follows the recent passing of the Jan Vishwas (Amendment of Provisions) Bill, 2026, which amended 784 provisions across 79 central laws, effectively decriminalizing over 1,000 minor offences. Goyal emphasized the importance of creating contemporary laws that facilitate easier entry and exit for businesses. Additionally, he announced plans for 100 new industrial parks under the Bhavya Scheme and highlighted India's success in finalizing nine free trade agreements (FTAs) in the past three and a half years, with expectations for 6-7 more FTAs in the next two years. Goyal also mentioned discussions with Ecuador's Foreign Affairs Minister to enhance bilateral trade and investment.
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The Jan Vishwas bill aims to ease the compliance burden for businesses, potentially leading to increased investment and economic growth, which could create more job opportunities.
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