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Last Updated : Feb 28, 2015 03:42 PM IST | Source: CNBC-TV18

Union Budget 2015: Focus on entrepreneurship, creating jobs, says DIPP Secy

DIPP secretary Amitabh Kant said the government is clearing indicating its intentions of making India a 'job creators' country rather than 'job seekers' and is trying to drive entrepreneurship. The government has eased the process of doing business in the country to quite an extent.


DIPP secretary Amitabh Kant said the government is clearing indicating its intentions of making India a 'job creators' country rather than 'job seekers' and is trying to drive entrepreneurship. The government has eased the process of doing business in the country to quite an extent. Around 98 approvals have been given by the Modi government so far with most of them strictly focusing on the micro small and medium-sized enterprises (MSMEs), he added.

Below is the transcript of Amitabh Kant’s interview with Shereen Bhan on CNBC-TV18.

Q: My first question to you, if you can give us some clarification on what is this committee that the government says it will setup and then draft a legislation to try and do away with prior permissions along the plug and play model that it is trying to deploy for the Ultra Mega Power Projects (UMPPs) specifically with regards to the ease of doing business. Can you share some light and details on that?

A: I think the key in this Budget is the focus on infrastructure and driving young entrepreneurship and innovation in many ways. On the infrastructure side it does a range of things – Rs 70,000 crore, it talks about the creation of a National Infrastructure and Investment Fund, it leaves the fiscal space, he talks about a roadmap from 3.9 percent to 3 percent but he says the fiscal space will be utilised for infrastructure fund.

I think more important than that is the Finance Minister talks about making India a nation of job creators rather than job seekers and he is trying to drive entrepreneurship in this country. What he says is you need so many approvals and if you can avoid these approvals, can you get into business without taking approvals at this point of time and fulfill these requirements as you go along in due course.

Q: Do you have clarity on when we can see this committee being set up, when we are likely to see this draft legislation being put together which will then address the issue as far prior permissions and prior approvals for large projects are concerned?

A: There are two issues to this. One is the government has taken a range of measures when ease of doing business across central government, integrating and converging different departments, doing away with the number of procedures, he has asked state governments to do away with 98 different approvals which were required; the states governments are acting on that. What it does in this particular case is it says that you get into manufacturing without even taking approvals and that is really meant for the MSME sector. This can be operationalised within the next four to five months; it is a quick job. We have already identified 17 different acts under which these permissions can be given subsequently. Start manufacturing, get permissions later, get cracking on innovation and entrepreneurship.

For entire interview, watch accompanying videos.

First Published on Feb 28, 2015 03:42 pm
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