‘E-O-D-B’ FACTOR

Source: The Hitavada      Date: 20 Jan 2019 09:53:53

PRIME Minister Mr. Narendra Modi’s aim of pushing India into the top-50 countries in the world for Ease Of Doing Business (EODB) stands on a solid foundation of good work by the Government in the past four-and-a-half years of creating conditions to help business do its business in a smoother manner. The effort by the Modi Government to ease out conditions of doing business in the country has met with a positive response. It is on the strength of that good work that the Prime Minister can think of a high aim of taking India into the top-50 league on the EODB factor. There is little doubt that this aim will travel to its logical culmination in due course of time.

Several components play their role in promoting the EODB factor. The first and foremost among those is the administrative support business gets while setting up of enterprises to running those properly and profitably. Stories regularly do the rounds telling how as Gujarat Chief Minister, Mr. Narendra Modi had helped the Tatas to take the decision to shift their Singur (in Bengal) operations to Gujarat in just four days. The swiftness with which the Gujarat administrations made possible the entire official documentation in that small stretch of time was legendary. That happened because the personal interest Mr. Modi himself evinced in the project.

This episode, thus, speaks of the component of political will and administrative quickness of response to the need of business while setting up of operations to running those subsequently. The most critical of all the components is the subsequent support business is given after its establishment. This also involves a corruption-free administrative machinery in which personnel engaged in the work are absolutely alert to the needs of business and also protective of the Government’s interests that are aimed at serving a larger purpose.

It is this aspect of alert and dedicated engagement of Government personnel in the task of creating a condition of ease of doing business that makes the greatest contribution to the EODB factor’s success. Fortunately, in the past four-and-a-half years, the Government was able to communicate to its personnel that sense of urgency and sincerity in helping business conduct its operations more smoothly. From the outside, the work in this domain may not appear a major issue. But seen from inside, one can understand how critical it is to promoting the EODB factor to its peak level.

Now also, as the Prime Minister aims at taking the country into the top-50 league on EODB factor, a lot of more earnest and dedicated work ethic and culture will have to be evolved so that business finds it easy to conduct its operations properly. This conversion of personnel into a totally dedicated and work-oriented force does take time and a great leadership contribution. However, Mr. Narendra Modi and his associates at the top levels of the Government could do a lot of good work in this area. No matter what politically-driven criticism might be, factually, India has scaled up its own position on the EODB ladder very well. If the effort in this regard is ramped up earnestly, much better work can be achieved to attract global business to India in the next few years. That is India’s ongoing need, not just for earnings out of business but also for creating a better work culture.