Startup India Portal Hosts Ease of Doing Business Challenge

Startup India Portal Hosts Ease of Doing Business Challenge

The Prime Minister, Narendra Modi, launched Monday the Ease of Doing Business Grand Challenge at an event in Lok Kalyan Marg in New Delhi.

The objective of this challenge is to invite innovative ideas based on Artificial Intelligence, Big Data Analytics, Blockchain, Internet of Things, and other cutting-edge technology to reform Government processes. The platform for the Grand Challenge is the Startup India portal.

Addressing the gathering on this occasion, the Prime Minister complimented industry representatives and all others present, for their efforts in improving India’s ranking in “Ease of Doing Business (EoDB).”

He said today small entrepreneurs can do business more easily, and simple things like getting an electricity connection have got easier. He said that in the last four years, more than 1400 archaic laws have been repealed.

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He said dramatic reductions have been achieved in areas such as time taken for resolution of commercial disputes, and time taken for clearing imported goods.

He listed a number of other areas, where great improvements have been made. He mentioned the efforts made for the Micro, Small and Medium Enterprises (MSME) sector, such as approval for loans up to Rs 1 crore in 59 minutes.

He exhorted the gathering to work towards achieving the target of a Top 50 position in EoDB rankings. The Prime Minister said that it is necessary to reduce human intervention in processes, and increase the use of modern and digital technologies. He said that a work culture based on this, will further promote policy driven governance.

Photo: Startup India