PM Modi to Meet Stakeholders of EoDB

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Prime Minister Narendra Modi will meet the team which worked on ease of doing business (EODB).

The meeting ‘Reflections on Ease of Doing Business’ is being organized by Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP).

The team which worked on EODB reports includes Senior Officials from government departments, policy makers, industry representatives etc.

India jumped to the 77th spot in the ranking of countries by ‘ease of doing business’ improving by 23 places over its 2017 standing, according to the World Bank Report released earlier this month.

The World Bank Group’s Doing Business 2019 report said India carried out six business reforms during the past year that earned it the credential of being a top global improver for the second year in a row. The country recorded a rise of 30 places in the rankings last year, clinching the 100th spot.

PM Modi in his tweet had said, “Delighted at yet another rise in India’s ‘Ease of Doing Business’ rank. We are unwavering in our commitment towards economic reforms, which will ensure an environment that fosters industry, investment and opportunities.”

Ramesh Abhishek have mentioned, “For the first time, a nodal department — the department of industrial policy and promotion (DIPP) —was appointed to spearhead this initiative, and also implement Prime Minister Narendra Modi’s vision of being ranked in the top 50 of the DBR.”

A task force was constituted in each nodal department consisting of senior officials from all relevant departments and DIPP. This led to much greater coordination between the departments and the reform being expedited.

Abhishek wrote that India’s stunning improvement in the last four years — it is 77th on the 2019 DBR released last week — is culmination of the efforts of Dipp and the various implementing departments spanning central, state and municipal governments.

To put things in perspective, India is now the highest-ranked South Asian nation and the third among the BRICS, he added.

As MSME sector forms the backbone of Indian economy, voices from this sector was also included in the team. Anil Bhardwaj, Secretary General of industry body FISME is also a part of the team set to meet the PM.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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