Kochi: The Government of Kerala has appointed Kerala State Industrial Development Corporation (KSIDC) as the Nodal Agency to implement the World Bank directed ‘Ease of Doing Business’ initiatives.
This is to meet the parameters laid out by Department of Industrial Policy and Promotion (DIPP), Government of India, regarding starting a business, dealing with construction permits, registering property, paying taxes, trading across borders, enforcing contracts and resolving insolvency. By achieving the set parameters Kerala aims for a frontline ranking in the Ease of Doing Business environment among all States.
Based on the Government direction, leading consultancy firm, KPMG have been appointed as Consultant by KSIDC to undertake study to reform the existing Rules and Acts related to clearance procedures for starting an enterprise under the ‘Ease of doing Business’ initiatives in Kerala. KPMG will conduct a study and advice on best practices along with suggestions / solutions for implementation of reformation in the respective Acts, rules and procedures in the concerned areas/sectors.
In this context, a formal agreement between KSIDC and KPMG was signed by Dr. M Beena IAS, Managing Director, KSIDC and Prasad Unnikrishnan, Director, KPMG in the presence of P H Kurian IAS, Principal Secretary (Industries & Commerce) at Thiruvananthapuram.
The suggestions and recommendations for reformation will be forwarded to the Government by KSIDC on completion of the study.
Kerala Biz News