The Modi government has launched the biggest-ever reforms of India’s public procurement system by taking the process online. This has substantially reduced human interface and, with it, brought down corruption, delays and inefficiency. It has the potential of becoming the Indian government’s answer to Amazon.
Successive progressive, industry-friendly governments, deep rooted reforms and a strong focus on far reaching labour and land reforms have helped India’s newest state emerge as a major industrial hub. This is helping India emerge as a preferred manufacturing destination for many foreign companies.
India Inc. Founder and CEO Manoj Ladwa outlines five ways in which India can attract companies looking for alternative markets to China. Soon after cutting corporate tax rates last month, India’s Finance Minister Nirmala Sitharaman explained that the move would help shed some light on what foreign companies were looking for when setting up manufacturing plants in India. A few days ago, she was explicit, saying that the Indian government will soon prepare a plan to woo multinational companies looking [...]
While India’s remarkable 14 rank jump in the World Bank’s Ease of Doing Business rankings has put it in a spotlight, there are still some parameters that need to be worked on to cement its position as a highly sought-after investment destination. India jumped 14 places in the World Bank’s Ease of Doing Business rankings to no. 63 among 190 countries. That’s a 79-place improvement since 2015, when Indian Prime Minister set a target of breaking into the top 50 [...]
An Indian politician lists down the advantages nascent firms can gain by choosing Maharashtra as the ideal market for their ventures. “Come, Make in India, we will say to the world, from electrical to electronics,” Hon Prime Minister Modi said in his maiden Independence Day speech as prime minister, pledging to set up what is unarguably the most ambitious efforts towards achieving a manufacturing powerhouse status for India. However, what began with that ambitious declaration by the Prime Minister is [...]
India’s dramatic jump of 23 places on the World Bank’s Ease of Doing Business Index will encourage foreign investors who are otherwise facing turbulent times globally, writes India Inc. Founder & CEO Manoj Ladwa. The hard work put in by the Narendra Modi government over the last four-and-a-half years is bearing fruit. The recently released ‘Ease of Doing Business Index’, compiled by the World Bank, shows India has jumped 23 places in the pecking order to Rank 77. It comes [...]
The Yogi Adityanath government has set its ambitions very high. But its goal of transforming Uttar Pradesh into an industrial powerhouse shows early signs of promise. Progressing from pauper to prince is the stuff of dreams. So, when Indian Prime Minister Narendra Modi asked at a recent investor summit whether Uttar Pradesh, India’s most populous state with a population of 200 million, could compete with Maharashtra to try and become India’s first trillion-dollar state, there were polite smiles all around. [...]