Shashi Tharoor, MP, has emphasised the need for revising existing laws to promote business growth and the necessity of legislation to create a favourable environment for businesses. “Compared to other countries, including Singapore, there is a delay in setting up businesses in India. This situation should change through a public-private partnership,” he said.
He was inaugurating a two-day conference here on Thursday organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) in collaboration with the Kerala Industrial Development Corporation. The meet focuses on the development potential of Kerala.
Nationally, unemployment rate in Kerala is 40%. It is crucial to retain educated and talented youth within the State, Mr. Tharoor said, adding that one million youths were expected to go abroad in the next five years.
