‘Fast mover’ Assam ranked 17th Best State in Ease of doing Business

Guwahati, July 11: Assam has been ranked as the 17th best state to do business in India by scoring 84.75 per cent.

It has been labeled as a ‘fast mover’ for jumping seven ranks up over the previous year in the ease of doing business index for states, according to a report by the Ministry of Commerce & Industries.

The third edition of the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industries, in partnership with the World Bank Group, released the Business Reform Action Plan (BRAP) 2017 for implementation by States/ UTs in New Delhi on Tuesday. The BRAP includes 372 recommendations for reforms on regulatory processes, policies, practices and procedures spread across 12 reform areas.

Andhra Pradesh topped the list of states in implementing reforms under the Centre’s ease of doing business initiative for a second straight year.

Assam ranked 24th in 2016. Assam scored 92.41 per cent in the reform evidence score in  2017.

Barring Assam, the northeastern states continue to remain at the bottom of the index. Tripura is 25th (22.27 %), Nagaland 28th (14.04 %), Mizoram 30th (3.63 %), Manipur 32nd (0.27 %) and Sikkim 33rd (0.13 %) in rankings in the ease of doing business. Arunachal Pradesh and Meghalaya share the 34th position. Both the states scored zero in ease of doing business.

To accelerate the ease of doing business in Assam, the state government had organized ‘Advantage Assam’- the Assam Global Investors’ Summit. As many as 264 Memorandum of Understandings worth Rs 78,208 crore and investment commitments worth Rs 19,950 crore were signed during the Global Investors’ Summit. The Summit highlighted the state’s geostrategic advantages offered to investors by Assam.

Potential investors from diverse sectors are expected to attend ‘Advantage Assam’ – the Global Investor’s Summit 2018, for exploring investment opportunities in Assam – India’s Expressway to ASEAN.
The 2016 DIPP report had stated that Assam implemented few reforms related to tax registration (51.02%) and access to information (38.46%). The report also stated that Assam had not implemented any reforms related to law and property registration, labour registration and so on. The 2016 DIPP report also mentioned that Assam performed poorly on inspections reforms and single window systems.
It may be mentioned Assam passed the Ease of Doing Business Bill, 2016, providing speedy processing of applications and issue of clearances to set up industries and service sector undertakings in the state.