PM asks India Inc to write to him about compliance burden that hurts them the most

In an interaction with India Inc, Prime Minister Narendra Modi has told them to write to him individually on one compliance burden that each of them wishes to get rid of.

The government, he said, is trying to remove as many as 6,000 compliance burdens for India Inc at the Centre and state levels this year to promote ease of doing business further.

Modi said that he is looking to reduce the number of forms that each business fills in various fields whether to set up an industry or pay tax.

Modi said this while interacting with India Inc through a webinar on production-linked incentives to give a boost to domestic manufacturing.

“You may not get so much time in the webinar to explain which compliance burden is hurting your business. You can write to me directly. We, in the government, are going to take it seriously,” Modi was quoted as telling India Inc by a few leaders who participated in the webinar.

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The prime minister said that the PLI scheme should not only concentrate on expanding local manufacturing but also strive to promote local exports.

“India exports to limited countries, it exports a limited number of products and it exports from a very limited space – only from two to four corners of the entire country. We want to change that. We want each district of India to export on its own,” the prime minister told the business honchos and promised to reduce the number of laws further to help them carry on with their business.

The prime minister’s remark on expanding exports comes in the midst of criticism that India is promoting protectionist policies in the shadow of its self-reliance policies.

Among those who have warned against the ‘Aatmanirbhar Bharat’ resulting into protectionist regime include former RBI Governor Raghuram Rajan, who recently said the 'Atmanirbhar Bharat' campaign of the government should not result in protectionism, adding that such policies had not worked in the past. His comments came after the country raised tariffs on several products.