Dear
Amitabh ,
My
today's blog is all about " Increasing
Competition among States "
This
competition will go up immensely when Chief Ministers / Industry Ministers of
the States , start getting ,
from
B2B web site , every time a Foreign Company , sends messages to Indian
Companies , located in various States , saying :
"
We are looking for an Indian Partner , to set up a Joint Venture in India . Are
you interested ? "
with
regards ,
hemen
/ 0 - 98,67,55,08,08
PS
:
Last
week , I could not talk to you since you were busy in meetings or travelling
I will try to phone you tomorrow
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------
hemen
parekh
20
Sept 2015
B2BmessageBlaster
> Who is
Investing in India ?
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