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  1. Make in India, Startup India campaigns much overplayed: Rajan Bharti Mittal

Make in India, Startup India campaigns much overplayed: Rajan Bharti Mittal

Terming the initiatives like 'Make in India' and 'Startup India' as "much overplayed", industrialist Rajan Bharti Mittal today said the fact on the ground remains that it is "rather difficult" to do business specially for startups and medium enterprises.

By: | New Delhi | Updated: February 9, 2016 8:33 PM
rajan bharti mittal - l- pti

Rajan Bharti Mittal lauded the government for being “active” in promoting entrepreneurship, but said the country must not miss the opportunity to be competitive when China was slowing down.(PTI)

Terming the initiatives like ‘Make in India’ and ‘Startup India’ as “much overplayed”, industrialist Rajan Bharti Mittal today said the fact on the ground remains that it is “rather difficult” to do business specially for startups and medium enterprises.

He lauded the government for being “active” in promoting entrepreneurship, but said the country must not miss the opportunity to be competitive when China was slowing down.

“Issues still remains on ease of doing business on the ground…the fact of the matter remains on the ground is that it is rather difficult specially for a startup, for a medium (enterprises),” Mittal said during a roundtable discussion with Commerce Secretary Rita Teaotia here.

On her part, Teaotia admitted that “the changes are slow (and) much slower than what we would like to” on ease of doing business, but assured that the issue was getting a huge amount of attention and the changes would come through soon.

They were speaking during the AGM of industry body ICC (International Chamber of Commerce) India, an affiliate body of leading Indian business chamber FICCI.

Addressing Teaotia, Mittal said, “This new government which is in place has been, I would say, rather active in promoting entrepreneurship. So Make in India, Startup India… factors like this have been much overplayed.”

Referring to India’s rankings on ease of doing business front, Mittal, Vice Chairman of Bharti Enterprises and former President of FICCI, said that “those are very different filters”.

“… One little change can move us 12 places and we can go ga-ga about that,” he added.

“We need to really crack the whip and we have to be competitive… This is a good opportunity for India as China is slowing down and manufacturing will probably move. But if we do not really utilise this time period, I think you would miss once again and probably for the final time. So, something really needs to be done in this particular side,” Rajan said.

Responding to Mittal, the secretary said, “I can’t agree with you more and I do not think there is anybody who would disagree…. While we talked about ease of doing business, the changes are slow (and) much slower than what we would like to see.

However, this was an issue of prime focus for the government, Teaotia said, while admitting that it was always a a slow process “in our system” because it requires dismantling existing structures and replacing them with new ones.

“It has to be a better system. So, it is that process which is taking time. To say that it is not getting attention is not correct. It is getting a huge amount of attention and huge amount of focus and I am certain that you will see changes,” she added.

The government has taken several steps to improve ease of doing business in the country such as reducing the number of documents for trade related activities.

For 2016, India’s rank in ease of doing business has improved to 130th from 134th out of 189 economies.

In reply to another question, Teaotia said things related with the ease of doing business need to be speeded up and “we are doing that”.

Bharti Enterprises later issued a statement to clarify that Mittal had highlighted ease of doing business while praising ‘Make in India’ and ‘Start-up India’ initiatives.

“We would like to clarify for the record that Mittal, in fact, while praising the ‘Make in India’ and ‘Start Up India’ initiatives, highlighted the need to enhance the ease of doing business for the startups and SMEs,” it said.

Mittal, the company said, was of the opinion that “the government has been proactive in promoting entrepreneurship through ‘Make in India’ and ‘Start Up India’ initiatives, and this is a good opportunity for India to seize the initiative as China is slowing down.”

“He further added that the government must take more such initiatives to make businesses more efficient and competitive,” the company said in its statement.

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  1. S
    Suresh Bedi
    Feb 11, 2016 at 4:56 pm
    Enhancing ease of doing business in India can be the cornerstone of economic reforms. For that we need iron will to reform economic bureaucracy. You cannot go enslessly with pooulusm. The world of business wants to see results on the ground.
    Reply
    1. R
      Raghavan
      Feb 9, 2016 at 11:02 pm
      Showing enthusiasm for the programmes is not overplay, these are first steps and need to break and reframe lots of rules formed over years to make it friendly
      Reply
      1. Hemen Parekh
        Feb 12, 2016 at 7:08 am
        Make In India Week This will be celebrated in Mumbai between Feb 13-18 , 2016 Following are expected to partite : * 60 Countries * 5,000 Foreign Delegates / 8,000 Indian Delegates * 190 Companies * 4 Heads of States * 12 Chief Ministers of Indian States * 17 Indian States * 13 Union Ministers MOUs worth Rs 4 Lakh*Crores are expected to be signed After signing MOUs , some of those Foreign Companies will send their Marketing - Collaboration - JV Forming messages , to : * 230,000 Companies located in 387 Cities of India * 62,000 Companies located in 49 Cities of Maharashtra * 57,598 Companies located in 6 Cities of Maharashtra which will take just 5 MINUTES from ... B2BmessageBlaster.. ( The last word in " Ease of Doing Business " ) ------------------------------------------------------------------------------------------------------------------------------ 12 Feb 2016
        Reply

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