Chennai, July 1 (Agency) The Confederation of Indian Industry (CII) today congratulated the Southern State Governments of Andhra Pradesh, Karnataka, Tamil Nadu and Telangana for emerging as Top Achievers in the ease of doing business ranking according to the Business Reforms Action Plan (BRAP 2020) released on Thursday. South India has all it takes to become a USD 1.5 trillion economy by 2025 with its perfect blend of all parameters that make it an ideal destination for doing business and this was clearly evident by the top ranking of Southern States in the ease of doing business said Ms Suchitra K Ella, Chairperson, CII Southern Region.
“Now, keeping this as an advantage, the Southern States need to find its champion sectors to propel growth and attract global investments to realise the vision of becoming a USD.1.5 trillion economy by 2025,” she added. “CII has set up exclusive Task Forces at the Region as well as in the Southern States with focus on ease, cost and speed of doing business. Through these task forces, CII is working closely with the Governments in the Southern States in identifying opportunities for improving various parameters related to ease of doing business”, said Mr Kamal Bali, Deputy Chairman, CII Southern Region”. “CII recommendations on EoDB in the Southern States have focused on MSME related facilitations as we believe that MSMEs are the backbone and building blocks for our socio-economic growth and transformation. Several submissions from CII have been received positively by the respective State Governments”, Bali said.
Neeraj Sarda, Chairman, CII Andhra Pradesh lauded the efforts and initiatives of the State Government for achieving the top rank in ease of doing business. He said the State has introduced path breaking economic reforms which has helped to achieve economic growth and attract investments during the critical pandemic period. Also the State has showed significant progress in addressing various regulatory issues and walked through the reform process very transparently. CII Andhra Pradesh would continue to work closely with the State Government to make it the preferred investment destination in the country. “CII congratulates the Karnataka government for being ranked in the Top Achievers Category for ‘Implementation of the Business Reform Action Plan 2022’ as per the recent report released by the Union Government. CII Karnaaka Chairman Arjun Ranga said this ranking will certainly help boost the investor confidence and foster a business-friendly climate in Karnataka.
This comes at a right time when the State Government is also planning the Global Investors Meet scheduled in November this year. CII will continue to support the Government in their endeavor on reducing regulatory compliances, licenses and integration of services”, he said. Satyakam Arya, Chairman, CII Tamil Nadu said Tamil Nadu’s ranking on the Ease of Doing Business is a reflection of the commitment by the State Government to enhance the business eco-system here. Over the years, CII has been working closely with various departments in the State on policy matters and the results are there for all to see. CII looks forward to working closely with all its stakeholders to support the Government’s vision of achieving the USD one Trillion Economy by 2030. “We are certain that Tamil Nadu’s ranking will go a long way in making it more competitive and attractive to existing and potential investors”, he said.