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Home Economy

AP tops in Ease of Doing Business

Fiinews by Fiinews
July 11, 2018
in Economy, Industry Sectors, Investment, Manufacturing, Technology
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DIPP-World Bank ranks Indian states/UTs

 

Andhra Pradesh, which is building a new capital city Amaravati, topped the list of ease of doing business in India in the latest ranking released by Department of Industrial Policy and Promotion (DIPP).

Telangana and Haryana were second and third, followed by Jharkhand and Gujarat fourth and fifth, respectively.

DIPP, in collaboration with the World Bank, had conducted an annual reform exercise for all States and Union Territories (UTs) under the Business Reform Action Plan (BRAP).

The aim is to improve delivery of various Central Government regulatory functions and services in an efficient, effective and transparent manner.

The reform plan has expanded from 285 to 372 action points till 2017.

States and UTs have conducted reforms to ease their regulations and systems in areas such as labour, environmental clearances, single window system, construction permits, contract enforcement, registering property and inspections.

States and UTs have also enacted Public Service Delivery Guarantee Act to enforce the timelines on registrations and approvals, according to the rankings released on 10 July 2018. fiinews.com

Tags: Department of Industrial Policy and PromotionWorld Bank
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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