On 30th July 2020, Piyush Goyal, Union Minister of Commerce and Industry, inaugurated the National Digital Conference on “Easing Doing Business for Atmanirbhar Bharat” organised by the Confederation of Indian Industry (CII) with the Department for Promotion of Industry and Internal Trade (DPIIT) to improve the business environment of India.
Key People:
T V Narendran, President-Designate of CII, Chandrajit Banerjee, Director General of CII, and Piruz Khambatta, Chairman of CII Task Force on Ease of Doing Business participated in the conference.
Features of the Conference:
i.The one-day virtual conference provided a forum to enhance the regulatory reform of the government in various indicators of doing business.
ii.The participants from relevant stakeholders discussed the issues to ease of doing business including the areas which require immediate actions from the government.
Key Points:
i.Piyush Goyal mentioned that the government is working on developing a single window system, a complete digital system which will provides for unified and integrated business
ii.To promote finance for investments, the government improves the availability of long term finance for industries and the government has identified around 20 industrial sectors to focus.
iii.He mentioned that the decriminalisation of laws and removing difficulties of the regulatory policy as a measure to support the industries and the temporary restrictions on the service sector will be removed.
Ease of Export restrictions:
i.Piyush Goyal mentioned that the government is planning to relax restrictions on export of ventilators imposed in March 2020 amid COVID-19 pandemic and all the temporary restrictions on medicines, pharmaceutical products and equipment will also be relaxed.
ii.The export of masks, personal protection equipment(PPE) and medicines like hydroxychloroquine and paracetamol were restricted, expecting a domestic shortage amid pandemic.
iii.The Central government removed the prohibition of surgical masks and medical goggles and made the export of face shields free.
Note:
Exports in India are around 88% and imports are around 75% of the 2019’s level.
Other initiatives:
i.He mentioned that the government will do a soft launch of Land Bank Portal, with 6 states on board, for which around 5 lakh hectares of land has been identified.
ii.The portal will support to view and identify the availability of land for industries from a remote office which precludes the need for frequently visiting the lands owing agencies.
About Confederation of Indian Industry(CII):
Presiden– Uday Kotak
President Designate– T V Narendran
Director General– Chandrajit Banerjee
Headquarters– New Delhi
Recent Related News:
i.Piyush Goyal attends the Digital Summit on Exports organized by CII through video conference.
ii.MoS of Defence, Shripad Naik Inaugurates Two-day Defence Conclave 2020 organised by CII, Gujarat and Society of Indian Defence Manufacturers(SIDM) in Gujarat.
