The Commerce and Industry Ministry is engaged with the Finance Ministry in this regard.
"Currently traders have to run from one department to other. Under the single window project, importers and exporters would have to lodge their clearance documents at a single point only," the official said.
The move will help traders as they will have to fill a single application and that will travel to the concerned departments for no-objection certificate.
Exporters body federation of Indian Exporter Organisations (FIEO) said that such steps will help in reducing transactions cost of traders.
"It is a big steps towards improving ease of doing business in the country," FIEO Director General Ajay Sahai said.
Contracting for the seventh month in a row, country's exports dipped by 15.82 per cent in June to USD 22.28 billion due to global slowdown and dip in crude oil prices that impacted shipments of petroleum products.