The ministry of Commerce and Industry, Government of India released its EoDB rankings for states and UTs in the country.
The State Business Reform Action Plan 2019 was released by the country’s Finance Minister, Ms Nirmala Sitharaman via video conference which was joined in by various other central ministers and dignitaries.
The state of Andhra Pradesh yet again retained its Numero uno position by coming in at number 1 which was followed by the state of Uttar Pradesh at no 2 and Telangana coming in at no 3.
These rankings aimed at creating competition among states looks to improve their respective business climates by attracting both domestic and global investors.
In its 4th edition BRAP 2019 gave 100% weightage to user feedback and more than 35000 users were reached said a DPIIT official.
Some of the parameters taken into consideration for these rankings include areas such as construction permit, labour regulation, environmental registration, access to information, land availability and single window system.
Since taking charge as the Chief Minister of AP, Mr Jagan Mohan Reddy has made some bold changes to the business climate from reserving jobs for local youths to decentralisation of power through the 3 capital formula, focus on skill development etc. However probably the biggest decision of this government towards businesses in the state has been the release of the long pending MSMEs dues to the tune of Rs 1000 crores along with its Re-start package for MSMEs aimed at providing liquidity to them.
Congratulating the states and UTs the commerce and industry minister, Mr Piyush Goyal said these rankings create a spirit of competition among states in order to attract investments.
‘These ranking are intended to drive the nation collectively towards the USD 5 trillion economy by 2025’ said Mr Goyal.
The Department for Promotion of Industry and Internal Trade (DPIIT) conducts this exercise for all states/UTs under the Business Reform Action Plan (BRAP).
In the last ranking released in July 2018, Andhra Pradesh topped the chart followed by Telangana and Haryana.