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Name:      Rajneesh Verma

“Don’t sit down and wait for the opportunities to come. Get up and make them.” The students of SBUP, understood the real path of perceiving to $5 trillion economy in upcoming years, through ease of doing business on the 3rd day on #IMC22.

Sri Balaji University, Pune (SBUP) is proud to be associated as academic partner of India Mobile Congress (IMC), the largest telecom, media, and technology forum in Asia, jointly organized by the Department of Telecommunications (DoT) and Cellular Operators Association of India (COAI).

IMC has, since its inception, established itself as a leading forum for bringing together industry, government, academia, and other ecosystem players to discuss.

IMC also includes India’s biggest technology exhibition and is a bedrock of technology demos with thought leadership participation from across the globe, and grows from strength to strength every year.

India Mobile Congress 2022 was scheduled on 1st, 2nd, 3rd & 4th October, 2022 and was inaugurated by the Hon’ble Prime Minister of India, Shri Narendra Modi.

The Session was open to the all the delegates and approximately 200 people were in attendance. During the session, attendees shared opinions, thoughts and suggestions for ease of doing business in upcoming years to make India a $5 trillion economy.

The invigorating session began on an inspirational note as our key note speaker, was Ms. Manmeet K Nanda, Joint Secretary for Department for Promotion of Industry and Internal Trade (DPIIT). Ms. Manmeet K Nanda spoke about a variety of issues impacting ease of doing business & national-international level initiatives designed by government to address these issues.

He expressed his views on very critical aspect now and in upcoming years i.e. ease of doing business a path towards $5 trillion economy, India has made significant stride in ease of doing business, worked on major interaction & collaboration, was ranked 63 in 2019. DPIIT as a nodal ministry has been spear heading since 2014 itself towards ease of doing business, states duties, exercise of reducing compliance version in the way of ease of doing business.

Last year has been year of reforms like structural, procedural reforms, audits regime was done to make each & every process transparent, doable laws were enforced to make the businesses work freely without too much restrictions imposing on it.

Cost of doing business should be normalize, license fee collected by telecom sector of 3% which is much more than other countries being one of the reasons as a hurdle towards ease of doing business, plug n play services for our startups, seed funds policies available to the startups but fund of fund is only available with SIDBI, still restrictions are imposed & not getting them resolved.

Just by doing ease of doing business will not meet the purpose, we will have to invite foreign direct investments, give them full support to establish and start their joint venture with Indian partner, with less regulations and more appreciation, this will work as a game changer in ease of doing business, if alone some foreign entity comes up to India, we should welcome them with open arms to do whatever business they like to do & full support should be given to both domestic & global entities.

At last, he said that ease of doing business is only the beginning, there is more step ahead for self – reliant economy.

That was an amazing and informative session for students as well as people who came from outside, these types of events are a source to increase knowledge and interest.

-Rajneesh Verma

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