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01/11/2018 11:47am

Improved ranking of India in EODB index reflects enabling & supportive ecosystem for business and exports to thrive: FIEO

image Improved ranking of India in EODB index reflects enabling & supportive ecosystem for business and exports to thrive: FIEO

New Delhi, Nov 1 (KNN) Complimenting the government for initiating a series of reforms resulting in 23 position improvement in the 'Ease of Doing Business Report 2019', on the heel of 30 rank improvement last year, Ganesh Kumar Gupta, President, FIEO said that various initiatives taken by the present government across sectors are converging to provide an enabling and supportive eco-system for entrepreneurs and exporters.

He said that the improvement in trading across border by 66 rank in one go shows how trade facilitation has helped in cutting down time & cost.

On this improvement in ranking, Kumar complimented all the stakeholders particularly Ministry of Finance for taking various measures such as Single Window Interface (SWIFT), pragmatic Risk Management System (RMS), Electronic Sealing Facility (ESF), revamped Authorised Economic Operators (AEO) Scheme, facility of Advance Filing of Bill of Entry, Direct Port Delivery (DPD) and Direct Port Entry (DPE).

Besides, as per the study undertaken by FIEO for the major ports which were continuously monitored by Ministry of Shipping and NITI Aayog, FIEO pointed that it has helped 24 x 7 monitoring of imports and exports clearances, identifying the bottlenecks and quickly addressing them.

Appreciating the government initiatives, President, FIEO said that government should continue with the reform process with further zeal and push India in the top 25 countries in next 3 years befitting India's stature in the comity of nations.

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