Sinha said there is an overall feeling that if we need a faster rate of industrialisation, there should be ease of doing business. representative image
Dr Praveer Sinha said that the government has supported the industry to ensure that best practices and systems are provided and the utmost speed and agility with which approvals and clearances are granted to facilitate greater industrialisation.
At a time when the growth projection for the Indian economy is around 7 per cent growth in GDP, industry body CII has said that the Ease of Business Index needs to improve. “Ease of doing business has definitely improved. But it is between 55 per cent and 60 per cent. It is better than what it was five years ago. But it is still a long way to go,” said the western region of Confederation of Indian Industry Dr. Praveer Sinha, President, CII recently conducted a survey among industry leaders for various parameters and sentiments within the community.
“The government has taken several steps for ease of doing business. Digital technology has supported us in the process of getting approvals. Many laws have changed. They have been simplified. Many laws have been removed and requirements have been removed. There is an overall feeling that if we need a faster rate of industrialisation, there has to be ease of doing business. And India has done very well in terms of global improvements in its ranking.
When asked about the roadmap for India on 100, he said, “Vision 100 is about the development of India. It is about sustainable development. We care about climate change because we care about efficiency and productivity. I think this is the vision of 100 years of India which CII wants to see.
Asked if there is any specific policy input that the industry body would like to give, he said, “The policy suggestion is about how do we make things simpler for Indian industry. Ease of doing business is a big area. The government has supported the industry to ensure that best practices and systems are provided and the full speed and agility with which approvals and clearances are granted to facilitate further industrialisation.
Speaking about the expected growth in the coming financial year, he said the GDP growth was estimated to be anywhere between 6.5 to 7 per cent. “India is set for good growth. There are traditional businesses, but new industries are coming up as well. There is disruption in traditional industries. So while the automobile sector continues to grow, it is moving towards electric vehicles, which requires a change in the ecosystem,” said Sinha.
CII is a 9,000 member strong organization. It has representation from the private as well as public sectors, including SMEs and multinational companies, and has an indirect membership of over 3,00,000 enterprises from 286 national and regional industry bodies. “Policy advocacy is one of the most important areas of our work in the region and it cuts across all our interventions in the regions. CII has representation in 49 government committees and task forces across four states in the region. In a press release issued by the body With continued partnership on mega state-relevant initiatives and deeper engagement on policy matters, CLL continued to strengthen its position as the first port of call for the government, it said.
Dr Praveer Sinha said that the areas of focus for the body are competitiveness, sustainability, strengthening of infrastructure, education and skilling among the youth.