CII calls for land reforms to boost India's competitiveness

Industry body, Confederation of Indian Industry (CII), has recommended a robust land reform, stating that these reforms are imperative for India’s competitiveness to boost the country’s manufacturing and investor confidence.

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The CII said that the global landscape is undergoing seminal transformations, and trade and investment patterns are being reshaped by factors beyond cost. India has long harboured the goal of becoming a leading global hub for manufacturing.While protectionism and trade wars are a challenge, India’s stable policy framework, strong industrial capabilities, large domestic market and a young workforce, coupled with it being seen as a trusted and a capable partner by many nations, set it up as an attractive investment destination, the industry body said.To successfully capitalise on these emerging opportunities and march towards the goal of Vikit Bharat by 2047,  India must adopt a comprehensive and forward-looking competitiveness agenda, including factor market reforms such as land reforms, said CII in its press release. Elaborating on the importance of land reforms, CII said, “India has made remarkable progress in several areas of reform, but land remains a domain where foundational changes are overdue in terms of access, cost, and regulatory ease for businesses. As India aims to become a global manufacturing and investment hub, land reforms must form a cornerstone of our economic policy.

Further sharing suggestions on land reforms, CIIsaid that "a robust land reform strategy will not only boost India's manufacturing, but also improve investor confidence, unlock rural development potential, and drive inclusive growth.