Ease of doing business index: Maharashtra has humongous potential

Maharashtra has the potential to emerge as a high ranking state on the ease of doing business index. Mukesh Aghi, President, US-India Business Council (USIBC) said.

Speaking at the meeting between the group of US Industry executives from USIBC and the Chief Minister of Maharashtra, Devendra Fadnavis recently, Aghi said: “The Council’s member firms have been encouraged by the ease of doing business in the State and many of the companies have significant investments in Maharasthra. Therefore, appropriate and timely policy measures are critical. We look forward to anticipating in it’s investment opportunities that will not only promote entrepreneurship but also inclusive growth, positioning Maharathra as a model state both in India and globally.”

Fadnavis

While engaging with senior business executives on key topics that had dominated the bilateral commercial relationship in recent months, the Chief Minister, Fadnavis said: “We have addressed areas such as Maharashtra’scomparative edge as an investment destination, regulatory reform initiatives that have been undertaken by the Government to promote ease of doing business in Maharashtra and cultural dialogues that can enhance the bilateral relations between India and the US.”

Emphasising the investment opportunities that are available in Maharashtra, the CM said: “The Government has taken a variety of measures to promote ease of doing business in the state. We want to be viewed as a top destination for both domestic as well as international investments. Maharashtra is eagerly waiting the formation of joint ventures in critical projects such as Delhi – Mumbai Industrial Corridor, Smart Cities and in sectors such as Manufacturing, Agriculture, Aviation, Engineering and IT. What is more, our Government is also committed to providing a boost to both Make in India and Make in Maharasthra campaigns, provide business to both medium and small enterprises and create much needed jobs. We invite investors from the US to be part of Maharasthra’s growth story.”

While speaking on the occasion, Ashok Vasudevan, Chairman and CEO, Preferred Brands International, the manufacturer and marketer of the natural foods brand, Tasty Bite, said: Tasty Bite has been operating in Maharasthra since early ’90s and has become one of India’s largest exporter of prepared foods. Maharasthra has been remarkably resilient due to its diversified base of industry that includes energy, agriculture, food processing, entertainment, engineering, chemicals, pharmaceuticals and financial services. The infrastructure, a mature workforce, a series of business-friendly administrations over the last few decades makes it an attractive FDI destination.”

According to a media statement, other companies and senior leaders from every major sector of business included Monsanto, Taj Hotels, HSBC, Caterpillar, Cargill, Johnson and Johnson, KPMG, Baker & McKenzie, Citi, New Silk Route and Pfizer.

Formed in 1975 at the request of the U.S. and Indian governments, the U.S.-India Business Council is the premier business advocacy organization, comprised of more than 300 top-tier U.S. and Indian companies advancing U.S.-India commercial ties. USIBC is the largest bilateral trade association in the United States, with liaison presence in New York, Silicon Valley, and New Delhi.

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