Whether you want to start a business or want to close a business, it makes no difference in India.
International Finance Corporation’s “ Doing Business Report – 2011 “,ranks India as follows amongst 183 countries surveyed [ Source : Times of India / April 18,2011 ] :
Starting a business ………………………. 134
Closing a business ………………………. 134
Paying taxes ………………………………… 164
Dealing with construction permits .. 165
Enforcing contracts ………………………. 182
How many approvals do you need ?
To start a business ……………. 35 ( takes 29 days )
To construct a building …….. 37 ( takes 195 days )
And now, some good news for entrepreneurs of the “ Economic Super-Power “ :
Government is set to launch a project that will not just provide entrepreneurs the opportunity to seek all clearances for starting a business at the click of a mouse but also guarantee approvals in a specified number of days.
With regards
Hemen Parekh
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