Kerala industry has set its eyes on substantially improving the State’s position in the Ease of Doing Business ranking after moving up to the 15th position in 2022 from being at the 28th position in 2019. The Ease of Doing Business index is a World Bank initiative to rank States and Union Territories in terms of the business environment decided, among other factors, by the ease with which businesses can be launched and run.
A face-to-face programme organised by the Kerala State Small Industries Association (KSSIA) here on Saturday with Principal Secretary A.P.M. Mohammed Hanish saw promoters responding positively to the initiative to rank States according to the prevailing industry and business environment. President of the association A. Nisarudeen expressed optimism that Kerala will do well in the ranking process now under way.
Mr. Hanish assured the industrialists that the department has virtually finalised land allotment at industrial estates and development zones to meet a long-standing demand of the unit owners. Land allotment to individual unit owners, who have paid the price of the land through a hire purchase scheme, will facilitate possible transfer units, raising fresh capital and expansion of the units.
