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Government expects improvement of ‘Ease of Doing Business’ ranking

Updated: Jul 29, 2016 08:49:38am
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Government expects improvement of ‘Ease of Doing Business’ ranking

New Delhi, July 29 (KNN) The government is hopeful that the reforms by both the Centre and States will help drive up the country’s ranking in the ease of doing business index of the World Bank.

Last year, India was ranked 130th in World Bank’s ease of doing business index, an improvement of four notches from a year before.

“Ease of doing business is one of the priorities. In the World Bank report, we have improved to 130th and this year too, we hope to make some improvement because enormous amount of work is being done by central government ministries, departments and states,” Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said at the tourism investors meet organised by Ficci.

Abhishek said that the government has been able to ease the process of construction permits and custom clearance. The government realizes that adopting right policies would result in double digit growth of GDP for the next three decades and would allow the tourism sector to grow.

He added that state portals have also been developed for making the processes transparent.

Secretary DIPP also said that the private sector should encourage and promote start-ups and incubators in the tourism sector. He added that the government realizes that the laws in the start-up space have not been able to keep pace with innovation and these were creating obstacles for start-ups. Hence the government was trying to become a partner of the private sector rather than a regulator. (KNN Bureau)

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