“We are not quiet on Make in India. It is doing very well and we have brought out reports on the last two years for all 21 sectors. It is in the public domain,” said Abhishek on the sidelines of the Indian Private Equity and Venture Capital Association’s Annual India Alternatives Conclave. “Now we are doing Make in India 2.0 and getting champion sectors. The work has been extremely successful but then so much more remains to be done.”
Some of sectors that India has an advantage in such as aerospace, pharma, electronic manufacturing, automobile and defence have been identified for Make in India 2.0. Few more sectors will be added before the completion of the study.
Speaking on the efforts taken by the government to improve ease of doing business, Abhishek reiterated the government’s commitment to improve India’s dismal ranking in the global index. The government has taken steps to reduce the time taken to start a business from 26 days to just 6. “Our target is to bring it down to 6 days as we want to be in top 50 (countries for ease of doing business),” said Abhishek. “We have integrated the issue of pan and tan number with the issue of company incorporation. These are the kind of efforts that we are taking to ensure much less time and it shouldcost much less money for companies to start business.”