Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.

Simplify factory inspections for ease of doing business: CII

  1. Source: Confederation of Indian Industries (CII) white paper- Inspections and Regulatory Enforcements for Micro Small and Medium Enterprises (MSMEs) in India
  2. 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
  3. India is currently placed at 130 out of 189 countries in the ‘ease of doing business’ rankings
  4. The excessive number of inspections in India weighs down on the competitive advantage and the ‘ease of doing business’ of Indian businesses
  5. It called for an integrated inspection system and highlighted the need for inculcating a risk-based approach in the inspection system
  6. The system should rationalise the number of inspections and weed out the redundancy and duplicity

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