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 ,

E Mail  Alerts ,

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

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