Andhra Pradesh, which is currently at the top
position in terms of ease of doing business (EoDB), is targeting at emerging
among the top five states in the world over the next five years, chief minister
N Chandrababu Naidu said on February 25th .
Naidu made a presentation on the initiatives
being taken by his government to improve the business environment in the state
during a plenary session on “Promoting Ease of Doing Business” at the
second-day of the CII Partnership Summit in Visakhapatnam.
Naidu said Andhra Pradesh, which was ranked at
position 2 in Ease of doing business in the country in 2015, rose to the number
one position in the following year within a year of bifurcation from Telangana.
It retained its position for the second
consecutive year in 2017.
“Now, our focus is to compete with the world’s best
countries in providing an investor-friendly environment and emerge as one among
the top five in the next five years. We are setting a benchmark for ourselves
to achieve the goal,” Naidu said.
Stating that New Zealand was at the top in the
world in Ease of doing business as all permits for an entrepreneur to set up an
industrial unit were provided in half a day, the chief minister said Andhra
Pradesh would also be able to achieve this if there was adequate cooperation
from the Centre.
“India as a whole ranks 100 in the world in ease
of doing business. If the same parameters are applied to the states, Andhra
Pradesh would stand in 84th position in the world. We have set a target of
bringing down the ranking to 64 in the next three months and to 40 in the next
nine months,” he said.
“We are planning to achieve this target using our
advancement in technology. Digitisation of administration, capacity building,
real-time monitoring and international collaborations are among the strategies
being adopted by our government to create a hassle-free eco-system for starting
businesses in the state,” Naidu said.
Union commerce and industries minister Suresh
Prabhu, who is chairing the investors’ meet, assured the state of full
cooperation from the Centre to facilitate a business-friendly environment. The
state, he said, had shown the way during the last three years in adopting
technologies to improve governance and transparency.
The Secretary General of the international
investor council of UAE, Jamal Saif Al Jarwan, also spoke at the event. He said
Indians were among the largest group of investors transforming the UAE’s
economy. Over 4,600 Indian investors have so far put 6.9 billion US Dollars
into the UAE economy, while UAE industrialists have invested 10 billion US
Dollars into the Indian economy. “We are interested in further expanding the
bilateral business cooperation. We share a lot in common with India,” the UAE