Industry upbeat, right time for investors meet

Saurabh Singh Mehta, Executive Director,
Kriti Industries
INDORE : Time is opportune for hosting Global Investors Summit. India is going through an exciting time with an upbeat sentiment created by the new Union government. Now, investors are once again keenly looking towards India and are watching to see if we deliver on commitments.
What we need from the state government is a change in approach from a controller to a facilitator of business.Businesses and industry look for comfort and surety and ease of doing business to select an investment destination. Tax-related incentives, which play a significant role for any industry, are low on the priority list.
Steps should be taken to create an environment that would help industries to grow. In spite of a lot of talk at the top on improved business climate, most of time we find that approach of ground level executives is not facilitative. Subsequent frustration creates a negative environment, which is the biggest damper to industrial growth.
The state government can create focused groups, involving the industry, chambers of commerce and administration to regularly review progress and state of affairs in departments. With cumulative effort from authorities and sections a better road map can be laid out which, would help industrial growth.
It would be a great idea if various commissioners and department heads can share their road map of this facilitation process in the summit. It would bring in accountability and help generate confidence of local and new industry. Local industry should be invited to this event to generate and improve business sentiment. For industries based here, it is a great opportunity to get an exposure that would help them stay in touch with many other industries and even understand what better they can do for their growth.
(As told to Smita Mainkar)