Cabinet secretary Ajit Kumar Seth on Friday held a meeting with the top officials of key ministries including revenue, labour, industry and commerce and industry representatives to discuss ways of improving the country’s investment climate, and India’s ranking in the Ease of Doing Business charts.
At the meeting attended by around 30 industry representatives including chambers such as CII and Ficci, and top officials of revenue, DIPP, labour, MSME, corporate affairs and commerce departments, the cabinet secretary said that chief secretaries of states would be asked to hold similar consultations in their states to improve the business climate.
An industry source said that across the sectors, there was a demand to cut down on duplication of paperwork and approvals with an aim
to reduce transaction cost while also a demand was made to improve manufacturing climate in the country by “larger participation of states”.
“We are very optimistic. The government has informed us what they are doing and what all steps they would take… issues like skill development and taxation laws came up for discussion,” said RC Bhargava, chairman, Maruti Suzuki India.
Industry bodies including Ficci and CII said that there should be sensitisation of stakeholders for reforms like goods and services tax and attempts should be made to convert hope “into effectiveness on the ground”.