Govt focus to make business easier for industry

Commerce and Industry Minister Suresh Prabhu has kicked off a series of nation-wide consultations with the industry on the proposed new Industrial Policy, first of which was held at Guwahati on 2 Feb 2018.

The Minister emphasised the importance of this exercise being done after 25 years. The prior attempts in 1956 and 1991 were driven by ideology or formulated at a time of financial crisis.

He highlighted that this is the first time a policy is being designed that truly listens to and objectively equips Indian industry for the future.

Prabhu underscored the change in the culture of governance under the current curret government which shows that the government was coming to the industry to understand their concerns rather than the other way around.

The Minister stressed the laser focus of the government to make business easier for industry.

He highlighted multiple initiatives of the government to reduce the burden of regulations for the industry and underlined the importance of center-state cooperation and the need for change even at the district-level.

The New industrial policy envisions to create a competitive Indian industry that is equipped with skill scale and technology, said Vandana Kumar, Joint Secretary at the Ministry.

She also highlighted some of the key ideas such as a single ID and digital platform for all G2B services across the business lifecycle, paradigm shift toward self-certification and third-party certification, plug and play infrastructure for SMEs, privatizing maintenance of industrial estates and creating a national R&D vision.

The event, organized by Department of Industrial Policy and Promotion (DIPP) in partnership with Federation of Chamber of Commerce and Industry (FICCI), was attended by more than 120 industrialists from the North East in addition to government officials from the North Eastern States.

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