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Modi leads marathon for growth decisions

business Updated: Dec 30, 2014 00:15 IST
Timsy Jaipuria
Timsy Jaipuria
Hindustan Times
Narendra Modi

Prime Minister Narendra Modi held an unusual corporate-style brainstorming for his pet Make in India project Monday with bureaucrats, who put before him roadmaps and wishlists in an exercise aimed at boosting the share of manufacturing in the GDP to 25% by 2022 and triple automotive component exports to $30 billion by 2020.

The 12-hour talkathon was the first practical move to walk his talk on a decisive government that would ease up business procedures and turn industry-friendly. Armed with three-minute pitches, each department called for taxation benefits, sector-specific packages and export promotion schemes for five years.

The secretary of the department of industrial policy and promotions, Amitabh Kant, who is spearheading the initiative, told HT the focus was on removing imposing written commitments on environmental and labour norms and replace them with random inspections.

“State governments gave best practices for ease of doing business, where suggestions like empowering only one office for all clearances and doing away with all declarations for the industry and replace them with surprise checks to ensure their adherence to laws were given,” Kant said.

A total of 18 sessions were held on 25 sectors.