Compliance burden must be reduced for industry: PM Modi

3 months ago 9

NEW DELHI: Prime Minister

Narendra Modi

on Friday said the compliance burden on

industry

needs to come down and asserted that the

government

would look at reducing more than 6,000 compliances at the central and state level this year.
“Our government believes that the government’s interference in everything creates more problems than solutions. That’s we are emphasising on self-regulation, self-attesting and self-certification by trusting the citizens to move forward,”

Modi

told industry representatives at a webinar on the production linked incentive (

PLI

) scheme which has been unveiled by the government to boost manufacturing in the country.
The PM urged the industry to write to him with suggestions and the government would seriously consider their views and said use of technology should help in streamlining processes and do away with the need to fill up multiple forms as well as ease the compliance burden. The NDA government has taken a series of steps to reduce the compliance burden on businesses and boost ease of doing business across sectors.

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