Performance of States in improving the overall infrastructure for facilitating business has gone up, with a majority of them scoring over 80 per cent in the World Bank-Department of Industrial Policy & Promotion ranking of States, a senior government official has said.
As many as 16 States had scored over 80 per cent in the World Bank- DIPP ranking of States based on 340 parameters on ‘Ease of Doing Business’, DIPP Secretary Ramesh Abhishek said at the 41st joint meeting of India-Japan Business Cooperation Committee (IJBCC) organised jointly with FICCI on Monday.
“We are trying to address specific policy issues that would hasten the pace of reforms and remain determined on taking up issues in areas such as infrastructure and taxation to improve the manufacturing competitiveness in States,” he said.
The next edition of the annual report is likely on Tuesday.
According to a joint statement issued at the end of the meeting, India and Japan discussed potential areas of cooperation such as pharmaceuticals and Information Technology.
IJBCC pointed out India’s concerns such as the low share of Indian companies in the Japanese drug and IT market. The Indian side also sought improvement on the certificate of eligibility for Indian persons intending to obtain business visa for Japan, according to a release byFICCI.
NITI Aayog CEO Amitabh Kant urged Japanese companies to rapidly move into the Indian market as the process of infrastructure creation and reforms will throw up ample opportunities for investment.