It Takes 26 Days To Start A Business, We Want To Bring It Down To Six Days

In an interview with Entrepreneur, Ramesh Abhishek, Secretary, Department of Industrial Policy & Promotion (DIPP), spoke on a range of issues including ease of doing business to cutting down time to set up a business

- Punita Sabharwal

What has been moving on the ease of doing business front, do you think its pace is fast enough, as we perceive it to be a very slow but steady movement?

Considering the fact that nothing much has happened in past six decades on the ease of doing business front, I think in two years there has been a lot of progress; it’s a question of mindset change, process re-engineering, use of technology and taking out the physical touch points. According to the World Bank report, we rank 111 in terms of having electricity connections. We need to progress on others parameters also.

Other countries that top the chart have been working on it for decades. We have just started working on this for last two years, so we have a long way to go.

Next year, what will be the government’s focus to improve on that?

Our focus is to be featured on top 50 on the World Bank business report. We are already on top 50 for some parameters and by next year, we are aiming to be on top 50 in every parameter. It takes 26 days to set up a business; we want to bring it down to six days next year.