Confederation of Indian Industry (CII) on Thursday signed an MoU with Lee Kuan Yew School of Public Policy, National University of Singapore (NUS), to improve India’s rating on ease of doing business, the industry chamber said in a statement.

CII and NUS will conduct joint state level research across 11 parameters including starting a business, dealing with construction permits, getting electricity, land acquisition and registration of property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labour market regulations.

Chandrajit Banerjee, Director General, CII, said, “This MoU would subsequently be followed by individual tripartite MoUs between the CII, NUS and respective state governments to in turn create state-wise Master plan for ease of doing business and then prepare a comprehensive state-level action plan.”