Makes no difference !

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