ENA Economy 2025-03-05 13:23:45 <p><span style="font-size:14px"><strong>New Delhi, Mar 5 (KNN)</strong> Finance Minister Nirmala Sitharaman reaffirmed the governments commitment to reducing regulatory hurdles and promoting trust-based governance to enhance Indias business environment.</span></p> <p><span style="font-size:14px">Speaking at a post-budget webinar on MSMEs as Engine of Growth, Manufacturing, Exports, Regulatory, Investment and EoDB Reforms on Tuesday, Sitharaman highlighted steps to transform India into a seamless, export-friendly economy.</span></p> <p><span style="font-size:14px">She emphasized that eliminating unnecessary regulatory bottlenecks in the manufacturing sector would attract both domestic and foreign investments, further boosting economic growth.</span></p> <p><span style="font-size:14px">Our government remains steadfast in reducing regulatory burdens and enhancing trust-based governance to improve the ease of doing business.</span></p> <p><span style="font-size:14px">Through budget announcements, we are taking various steps to make India a seamless, export-friendly economy, where businesses can focus on innovation and expansion rather than paperwork and penalties, she stated.</span></p> <p><span style="font-size:14px">In her Union Budget 2025-26 speech, Sitharaman had announced the formation of a high-level committee dedicated to regulatory reforms.</span></p> <p><span style="font-size:14px">The committee will conduct a comprehensive review of non-financial sector regulations, certifications, licences, and permissions. It is expected to present recommendations within a year to streamline compliance processes and promote ease of doing business.</span></p> <p><span style="font-size:14px">The objective is to strengthen trust-based economic governance and take transformational measures to enhance ease of doing business, particularly in inspections and compliance matters, she reiterated.</span></p> <p><span style="font-size:14px">The governments continued focus on regulatory simplification aligns with its broader economic agenda of fostering a robust, competitive, and investment-friendly ecosystem.</span></p> <p><span style="font-size:14px">With these reforms, India aims to position itself as a reliable global manufacturing hub, facilitating sustainable growth and innovation-driven development.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41281 https://knnindia.co.in/news/newsdetails/economy/government-committed-to-reducing-regulatory-burdens-fm-sitharaman 2025-03-05 13:23:45 knnindia.co.in