Ease of Doing Business’ to be in every district of India,’ said Union Minister of Commerce and Industries, Suresh Prabhu concluding the 38th India International Trade Fair (IITF) on Tuesday and gave a green signal to the next year’s theme as ‘Ease of Doing Business.’ This year, more than 5 Lakh people visited the Fair in 14 days due to the space constraints.
“For the first time in the world, we are working on the ease of doing business in every district of India. If ease of doing business improves in every district, just imagine the entrepreneurship in the country as there will be no hindrances from the agencies which do not allow their true potential to be out,” the minister said.
To improve the internal trade, ease of doing business will help, he added.
Talking about the entrepreneurship in the country he said, “We have huge entrepreneurship available at the ground level. The entrepreneurship in the villages and small towns is unbelievable. To promote it we are coming out with the special scheme with Geographical Indicators (GI) where your product can be displayed on real time basis.
The government is also working on a comprehensive strategy for village and district level. They will be ranking six districts in five states which will be pilot districts and will be a benchmark to implement such schemes, the minister added.
The minister also said that the current trade capacity of India is $14 billion while the potential of trade in India is between $65 and $70 billion.