Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Sunday 20 September 2015

COMPETITION AMONG STATES


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

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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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