The Department for Promotion of Industry and Internal Trade (DPIIT) has urged the state governments to hold industry interactions which can help in addressing bottlenecks and promoting ease of doing business. DPIIT, which is under the Union Ministry of Commerce and Industry has asked the states to take the feedback of the industry on the ground and provide them with support to address any issues that are hindering businesses.
The step has been taken in order to help businesses revive and recover from the impacts of the pandemic. The interactions with the industry will not only help in identifying the key issues but will also provide an opportunity to the states to understand the requirements of the businesses in a better way.
The DPIIT has emphasized that the interactions need to be taken seriously in order to find solutions to the issues that are affecting the industrial units in the states. The interactions should involve representatives from the industry and the concerned government officials responsible for facilitating ease of doing business. The inputs and feedback received can be used to come up with actionable solutions that can help create a conducive environment for businesses to operate in.
In addition, DPIIT has also asked the states to simplify the procedures for the issuance of various licenses and approvals. It has suggested that a single window system should be developed for faster approvals and clearances. This can help businesses in saving time and resources which can be used for other business functions.
The DPIIT has also emphasized on the importance of promoting the growth of the Micro, Small and Medium Enterprises (MSMEs). The MSMEs are the backbone of the Indian economy and play a crucial role in providing employment opportunities to the people. The state governments should come up with policies that can help in promoting the growth of MSMEs in the state. Providing easy access to credit, a friendly regulatory environment, and the creation of industry clusters can be some of the ways to promote MSMEs.
Moreover, the DPIIT has emphasized that the states should promote the growth of startups in the state. The startup ecosystem is crucial for the growth of innovation and entrepreneurship in the state. The states should come up with startup-friendly policies that can provide the necessary support to the startups. This can include providing access to early-stage funding, providing mentorship and guidance, and simplifying the regulatory framework for startups.
The DPIIT has also emphasized on the importance of skill development in the state. The states should come up with policies that can provide access to training and education for the youth. It has suggested that the states should collaborate with the industry to provide vocational training and skill development programs. This can help in creating a skilled workforce which can contribute to the growth of the industry.
In conclusion, the DPIIT’s call for industry interactions is a step in the right direction. The interactions can help the states in identifying the key issues that are affecting the businesses and can provide them with an opportunity to address them in a timely manner. The states need to take this opportunity seriously and come up with actionable solutions that can help in promoting ease of doing business. Simplification of the regulatory framework, promotion of MSMEs, startups, and skill development can be some of the focus areas for the states. The states should collaborate with the industry to create a conducive environment for businesses to operate in. This can help in reviving and recovering the Indian economy from the impacts of the pandemic.