New Delhi, Sep 30 (IANS) The government on Monday said that the Business Reforms Action Plan (BRAP) 2024 is set to establish a seamless business regulatory framework, enhancing the ease of doing business and further strengthening the ‘Make in India’ initiative.
The action plan aligns with key government initiatives such as the reducing compliance burden (RCB) and decriminalisation, while also integrating elements from the World Bank’s upcoming B-READY programme.
According to the Ministry of Commerce and Industry, this convergence will streamline regulatory processes, bolster economic growth and foster greater investor confidence in India’s business landscape.
The action plan, led by the Department for Promotion of Industry and Internal Trade (DPIIT), introduces next-generation reforms that address the needs of both businesses and citizens.
“The upcoming BRAP 2024 framework introduces an innovative assessment methodology, blending evidence and feedback-based evaluations for a more comprehensive and dynamic approach,” said the ministry.
Notably, the BRAP 2024 focuses on reducing approval times, integrating online service delivery, and leveraging initiatives like the National Single Window System and PM Gati Shakti.
As per latest government data, the production-linked incentive (PLI) scheme under the ‘Make in India’ initiative has been a great success in terms of attracting investments and increasing exports, as actual investment is likely to reach Rs 2 lakh crore in the next year with 12 lakh jobs.
Exports have exceeded Rs 4 lakh crore, with substantial contributions from key sectors such as electronics, pharmaceuticals and food processing.
To further ramp up the momentum, BRAP 2024 continues to streamline processes, reduce compliance burdens, and implement digital solutions to make India a preferred global investment hub.
The action plan also covers critical sectors such as labour, environment, taxes, land administration, utility permits, inspection and construction, while also incorporating new areas like ICT adoption and process reengineering.
The government said that BRAP has emphasised transparent service delivery, ensuring that both businesses and citizens have access to clear information on procedures, fees, and timelines.
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
