As many as 16 Indian states have scored more than 80 per cent in the World Bank-DIPP ranking of states based on 340 parameters on ‘Ease of Doing Business’, according to DIPP secretary Ramesh Abhishek. He said that the government was trying to address specific policy issues that would hasten the pace of reforms. Abhishek was speaking at the 41st Joint Meeting of India-Japan Business Cooperation Committee (IJBCC).
The ‘Make of India’ programme of the government has spurred strong competition among Indian states in improving the ease of doing business in order to attract investments and drive the economies of their regions.
Amitabh Kant, CEO, NITI Aayog, urged Japanese companies to rapidly move into the Indian market as the process of infrastructure creation and reforms would throw up ample opportunities for investment. Japanese companies, he said, must learn from Maruti’s India story which has brought in a culture of manufacturing excellence to India.
"There is consistency, clarity and predictability of policy in the governance structure today. Evidence of this can be found in the structured changes that have been brought about on business process engineering and the enactment of the bankruptcy law. The India story for Japanese companies has just begun", Kant said, adding that while Japanese companies are over-exposed in China, their future lies in India.