Andhra Pradesh topped the ranking in Ease of Doing Business followed by Maharashtra and Delhi according to researchers led by Dr Tan Khee Giap, co-director, Asia Competitiveness Institute (ACI), Lee Kuan Yew School of Public Policy, National University of Singapore. The institute has announced the 2018 Ease of Doing Business Index Attractiveness to investors, business friendliness, competitiveness policies (ABC) rankings.
In the latest ranking of ACI’s EDB index, Andhra Pradesh got first rank in 2018. Emphasising the importance of leadership, Tan recognised Chief Minister Chandrababu Naidu’s leadership and relentless efforts in shaping a vision for the new sun rise state of Andhra Pradesh.
Chandrababu Naidu said international investors look for stable government with strong policies before coming forward for investments. Expressing happiness over National university of Singapore ranking AP as number one in Ease of Doing Business, the Chief Minister termed it one more prestigious recognition for the state. He said the state govt would take into consideration the observations including weaknesses and try to strengthen those areas. He said the state has to go for next step of innovation and development.
The Chief Minister said `we have to meet the expectations of foreign investors’. He said that the state government is planning to distribute smart phone to each family for ease of living. He said nearly 14 million smart phones should be manufactured for distribution in the state. He said that the central government should extend cooperation when a state marching forward in all sectors.
The Singapore institute also suggested the areas for improvement needed for state of Andhra Pradesh. The report mentioned that despite of AP’s excellent performance in ACI’s EDB index ,the government needs to bridge numerous institutional and infrastructural gaps in order to sustain its position in the future. The ACI team highlighted that there is sufficient room for improvement in sub environments such as facilitating business operations and infrastructure resilience and market potential. Among others workers density, foreign direct investment per capital, labour productivity, illiteracy rate were identified as weakest indicators for the state. The ACI team emphasised that an analysis at the indicator level will help identify specific areas of improvement and will play a crucial role in realising the Chief Minister’s vision of making AP the best investment destination in the work by 2050. The report will provide recommendations on how AP can leverage on its strengths to overcome its weaknesses and sustain its position in the years to come.
It may be noted that the Asia competitiveness Institute at Lee Kuan Yew school of public policy, national university of Singapore was established as a research centre in 2006 and aims to build the intellectual leadership and network for understanding and developing competitiveness in Asia region.