Published in:
The Hindu
Pubished on:
18 Sep 2016
The factory inspection system needs a complete overhaul to bring India among the top 50 countries in terms of ‘ease of doing business’ in the next two years, according to the Confederation of Indian Industries (CII).India is currently placed at 130 out of 189 countries in the ‘ease of doing business’ rankings.
“The excessive number of inspections in India weighs down on the competitive advantage and the ‘ease of doing business’ of Indian businesses,” CII said in its white paper titled ‘Inspections and Regulatory Enforcements for Micro Small and Medium Enterprises (MSMEs) in India.’