Saturday, 19 September 2015

FROM SINGLE WINDOW TO SINGLE DAY ?



Launch of  " Make in India " one year ago ( 25  Sept  2014  ) , ushered a revolution

A revolution to improve India's rank in " Ease of Doing Business " from 142 to under 50

And no Indian State wants to be left behind as far as its own rank among the various States is concerned

Here is the proof :


Tamil Nadu


    CM , Selvi J Jaylalithaa has promised to approve all Investment proposals in 30 days


Andhra


    CM , Shri Chandrababu Naidu wants all clearances given from an Online Single Window clearance , in 21 days


Telengana


    CM , Shri K Chandrasekhar Rao has promised to give a Single Window clearance within 30 days

If the investment is more than Rs 200 Cr , project will be cleared in 15 days

If it is an IT project , it will be 12 days !

For delaying approval beyond these limits , concerned Officer will be fined Rs 1000 per day of delay !


Maharashtra


  CM , Shri Devendra Fadnavis did not want to be left out !

On 17th Sept , he announced :

"  If permissions to set up industry are not issued within 7 days through the online Single Window system , applications will be considered approved "


Can we look forward to one of the remaining Chief Ministers , to come forward and announce :


" We will clear all investment proposals in  ONE DAY  "


[ And , he / she may not even belong to a BJP-controlled State ! ]


That would place that State on par with Singapore ( which continues to hold , rank # 1 , in World Bank Survey , for many years in a row )


Following real incidence will prove my point :


Some  40 years ago , Mohan Pherwani ( VP - Planning / Larsen & Toubro ) , made a presentation to the officers of Singapore Development Authority ( SDA ) , for a joint venture between L&T and SDA , for manufacture of Bottle Closures ( Crown Corks / Alu. Capsules ) in Singapore


After the presentation , a SDA officer took Pherwani to look up  suitable sites  for setting up the proposed factory


In the evening , when Pherwani returned to his hotel , receptionist handed him a letter from SDA ,


>     confirming SDA willingness to form a JV with L&T

>     allotting the factory plot selected by Pherwani

>     enclosing a cheque ( drawn in favour of L&T ), towards SDA's  contribution to the equity capital of proposed JV


Sure ,  difficult to beat  !


But not impossible , considering that the person propelling Singapore's current " Business Friendliness " is also , a person of INDIAN origin !


That person is Mr Tharman Shanmugratnam , Singapore's Finance Minister since 2007 and Deputy Prime Minister since 2011, whom , Shri Jaitley met 2 days back


Among the many good things taking place due to " MakeinIndia " initiative , promoting competition among the States for attracting investments , is right at the very top


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hemen  parekh

20 Sept  2015

B2BmessageBlaster > Who is Investing in India ?

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Make    Yourself    Heard

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(  Just multiple copy all the following Email IDs into the Recipient column of your Outlook and Copy / paste this suggestion in the Message Box ) :


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