India earned a place amongst the world’s top ten improvers for the third consecutive year in the World Bank Group’s Doing Business 2020 study. While India was ranked at the 77th position last year (2018) in the Global Ease of Doing Business rankings, sustained business reforms have helped India jump 14 places to move up to 63rd position this year. The Machinist believes that this is a commendable achievement and also spoke to some industry leaders to understand their perspective on this improvement.
NOTEWORTHY JUMP
Anil Verma, Executive Director & President, Godrej & Boyce says, “An improvement of 79 places from 142nd in 2014 to 63rd in 2019 is indeed noteworthy and speaks a great deal about how the government has focused its energies in improving the business environment in the country.” Harsha Kadam, CEO & President -Industrial Business, Schaeffler India calls it a remarkable achievement for our country. “It is a reflection of the persistent efforts of the government to drive the business reforms agenda, not only at the central level but also at the state level.” Abhyuday Jindal, MD, Jindal Stainless, acknowledges the government’s push on reforms saying that they have reaped benefits. “It’s a win-win situation for both the economy and industry. These reforms have increased transparency levels, which have boosted the confidence of investors and businesses in India. However, the vast untapped potential of the Indian economy will be fully realized once policy enforcement on the ground is implemented in its entirety.”
This story is from the November 2019 edition of The Machinist.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2019 edition of The Machinist.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
OUR HYBRID HYDROMETALLURGY PROCESS EXTRACTS ELEMENTAL COMPOUNDS WITH 1/10TH THE CARBON FOOTPRINT
MiniMines’ Founding Director, Anupam Kumar, and CTO and Director, Arvind Bhardwaj, candidly discusses their shared passion for recycling batteries, inception of their dream venture, their patented eco-friendly process HybridHydrometallurgy, upcoming initiatives, and expansion plans in an interview with Nisha Shukla.
IGUS LAUNCHES NEW COMPACT LOW-COST ENERGY CHAIN FOR DRAWERS
For cable guidance in drawers and pull-outs of all kinds, igus is launching the draw e-chain.
Hero Lectro introduces the H4 and H7+ e-cycles
HERO LECTRO, the e-cycle brand of Firefox Bikes Ltd., has unveiled its latest offerings: the H4 and H7+.
ETP Group launches next generation solutions in unified commerce retail management
ETP GROUP, Asia’s leading retail software company, has announced the launch of two new and innovative platforms - Ordazzle and ETP Unify – to redefine the retail and e-commerce landscape in India.
MARPOSS' UNMATCHED QUALITY CONTROL SOLUTIONS FOR FUEL CELLS AND ELECTROLYSERS
Exploring Marposs' quality control solutions for fuel cells and electrolysers, which aid manufacturers in achieving high accuracy and quality in production processes.
"WE PLAN TO DOUBLE OUR GROWTH IN THE NEXT THREE YEARS"
In a traditionally male-dominated sector like India’s energy industry, the journey of Preeti Bajaj, CEO & MD of Luminous Power Technologies, stands out as a beacon of inspiration and empowerment.
OPTIMISING 5G ROI FOR LONG-TERM SUSTAINABILITY OF ENTERPRISE NETWORKS
A look at how 5G can enhance network infrastructure by providing the connectivity, security, and agility needed to confront upcoming challenges.
ACCELERATING A SUSTAINABLE FUTURE THROUGH SIMULATION
The article demonstrates how simulation can help industries pave the way for a greener future while enabling them to adopt more efficient practices during the manufacturing, utilisation, and maintenance of products.
INNOVATION AND TECHNOLOGY ADVANCEMENTS: SHAPING THE FUTURE OF DRONES IN INDIA
The article underscores the role of drones as significant disruptors for the future, offering a multitude of benefits across various sectors and presenting novel solutions to existing challenges.
THE SYNERGISTIC FUTURE OF MSMES AND STARTUPS IN INDIA'S MANUFACTURING SECTOR
The article delves into the immense possibilities that MSMEs and startup collaboration hold for transforming manufacturing practices, underscored by the supportive role of funding mechanisms and a conducive policy environment.