To make city ‘investor-friendly’, BMC meets corporate headshttps://indianexpress.com/article/cities/mumbai/to-make-city-investor-friendly-bmc-meets-corporate-heads/

To make city ‘investor-friendly’, BMC meets corporate heads

Suggestions sought on single-window clearances, bringing in more foreign investments and streamlining procedures for licence renewals.

With an intention to make the city investor-friendly, the Brihanmumbai Municipal Corporation (BMC) on Tuesday held the first meeting of the Business Advisory Council which included representatives of corporate head honchos from large firms, including Reliance Industries Limited, Piramal Enterprises Limited, Jindal Steel and Power Limited and Mahindra & Mahindra Limited, among others.

Among other issues, BMC has envisaged a single point contact to attract large investments in the city. The civic body is also mulling involving private sector companies to adopt projects undertaken by the local body.

S V R Srinivas, additional municipal commissioner, who is also in-charge of the business development department said, “We have sought their suggestions on single-window clearances, bringing in more foreign investments and streamlining procedures for licence renewals. We will soon be working to create a mechanism for all the points discussed.”

[related-post]

The BMC also invited associations like hotel owners’ associations, film producers’ associations and traders associations, among others. Officials confirmed that the council would meet on a regular basis to streamline procedures. “Representatives from the hotel owners’ association told us that they have to seek 58 licences before starting a restaurant, we are now planning to reduce it to 11. By making the meeting a permanent feature, we are trying to understand similar issues faced by industrialists and businessmen,” Srinivas said.

In his budget speech for the fiscal 2015-16, Municipal Commissioner Sitaram Kunte had also emphasised on re-engineering business process in the city.