CII: India Inc lost in bureaucratic maze

The extent of hardship that India Inc went through in doing business in the last decade has been showcased in the “Ease of Doing Business: report brought out by KPMG- CII”.

For instance, 78 per cent of the respondents interviewed for this report felt that for starting a business the number of windows or ministries one has to visit is not reasonable; 69 per cent of the respondents feel that there is a lack of effective land acquisition process; 58 per cent of the respondents feel the number of visits made to each department to obtain the permissions pose major obstacles in the approval process; 69 per cent of the respondents feel that there is a lack of effective land acquisition process and 83 per cent of the respondents feel that unsecured land titles generate uncertainty”.

On the tax front, 90 per cent of the respondents believe that the tax authorities are not proactive in promoting investments and more than half the respondents have faced delays in obtaining service tax refund.

Mr Chandrajit Banerjee, director general, CII said, hoped the new government would accord due importance to “this extremely important and urgent agenda that would help churn the wheels of growth.”

The report aims at improving India’s position in the World Bank’s ‘ Ease of Doing Business’ rankings, where India has repeatedly been ranked 138th of 184 other economies.