Multiplicity of compliances must go, make local funds, technology available for start-ups

Be it Kolkata or any other city, if the start-up ecosystem has to flourish, one needs to make local investments and local technology available in abundance.

- STATESMAN NEWS SERVICE

The umpteen number of compliances and multiplicity of tax burdens and others need to be done away with as well, by all means. There needs to be less government and more governance, while it is just the other way round, currently.

That's what Ravi Ranjan, the effervescent former curator of-Shark Tank India and Founder-Velocity, feels. Speaking at a moderated interactive session on "Challenges of Reshaping Industry Growth in the New Era" organised by Association of Corporate Advisers & Executives (ACAE), in Kolkata, Ranjan said that the government has no business to be in business and entrepreneurs should be allowed to avail of and enjoy the real ease of doing business. Ease of doing business should not be only on papers, it should be felt by the people from the business fraternity, in letter and spirit.