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To improve the ease of doing business in Karnataka, the United Kingdom has offered its expertise to help the State evolve a transparent mechanism.
British Deputy High Commissioner Ian Felton, who released an exclusive report ‘Ease of Doing Business in Karnataka’, said the UK can help the State in improving its status of doing business.
“The UK’s ‘one-in, two-out’ initiative on regulation and the ‘red tape challenge’ has helped us move up to 8th in the World Bank Ease of Doing Business rankings,” he added.
“Similarly today presents an opportunity for both of our governments, the private sector and academia to explore how our innovation ecosystems can work better together, specifically on innovation policy, business acceleration, academia-industry links and commercialisation of research and development,” he added.
Karnataka Minister for Large and Medium Industries & Tourism RV Deshpande said, “In the report, you (UK) have also mentioned about the possible collaboration between UK and Karnataka on the subject. This is a very good idea.”
“Over the last few years, the Karnataka Government has been proactively working on assessing regulations that pose challenges to investors, which in turn has led to several reform measures. The state has the best ecosystem to achieve all this and more. Closer UK-Karnataka ties in innovation and technology collaboration will propel both regions to greater heights,” he added.
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