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Thursday, July 19, 2018

‘Ease of biz’ has not percolated down: CII

His comments come at a time when the government is trying to woo investors by campaigns like ‘Make in India’ and Digital India.

By: ENS Economic Bureau | New Delhi | Published: April 17, 2015 1:41:42 am

Even as the ease of doing business has improved at higher levels in the government, “it has not percolated on the ground”, industry body CII said on Thursday, adding that more needs to be done in important areas including the Companies Act and labour laws to boost industrial growth.

“The ease of doing business has happened at the higher level but it has not percolated on the ground. It needs to percolate down the line… the process (of ease of doing business) has started and we have to work with the government to translate it down the line,” Sumit Mazumdar, the new president of CII, said in an interaction with newspersons, when asked about the irritants in doing business.

His comments come at a time when the government is trying to woo investors by campaigns like ‘Make in India’ and Digital India. Prime Minister Narendra Modi was recently in Germany to promote the manufacturing campaign in the Hannover Messe fair. The government is working hard to improve its ranking from 142 to top 50 in the index of Doing Business compiled by the World Bank. The department of industrial policy and promotion (DIPP) has already told its officials to focus on Delhi and Mumbai, the two cities which are used by the World Bank as samples.

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