State Industry Secretaries meeting to be convened on 30th Oct

State Industry Secretaries meeting to be convened on 30th Oct

To accelerate the process of industrial reforms in India further, a conference of State Industry Secretaries is proposed to be held on 30th October, 2009, in New Delhi. The meeting is being convened in the backdrop of a recently commissioned study by the World Bank on ‘Doing Business (DB) in India’ comparing major Indian cities in terms of ease of starting and operating businesses.

The study shows that while overall there is a need to simplify and reduce our regulatory procedures, there are a number of best practices developed by different states which can be replicated without much difficulty and without significant allocation of resources. According to the study, if each state/city were to adopt the best practices available within the country, India’s rank would improve by as much as 55 positions in the global ranking. This would have a significant impact on the global perception of India as an investment destination.

Since there are several areas of industrial development which fall within the purview of the State Governments, the Dept. of Industrial Policy and Promotion has been conducting meetings from time to time with the States. A number of valuable suggestions for promoting industrial growth emerged from these discussions. These meetings were also followed up with a detailed study of 17 Indian cities with respect to licensing and clearances required for starting and operating a business in India (Doing Business in India 2009), and the launch of the eBiz project to create a one-stop portal for offering investment related services.
Courtesy: Ministry of Commerce and Industry release on 27 Oct 09