Narendra Modi govt needs to shed British-style bureaucracy, move faster to achieve $5 tn economy: Gopichand Hinduja

Hinduja Group co-chairman Gopichand Hinduja on Tuesday said that while the $5 trillion target of 2024 is achievable, Prime Minister Narendra Modi-led government needs to shed the British style of bureaucracy to move faster

Press Trust of India December 18, 2019 12:43:19 IST
Narendra Modi govt needs to shed British-style bureaucracy, move faster to achieve $5 tn economy: Gopichand Hinduja
  • Hinduja Group co-chairman Gopichand Hinduja said that the company has been willing to invest more than $20 billion in India, but it wants the obstacles to be removed and provide ease of doing business

  • $5 trillion economy is an achievable target and the initiatives taken by Modi are great and his vision is excellent but his team has to be fast, Hinduja said

  • He noted that the British style of bureaucracy still exists in India, while Britain has already modified their bureaucracy

Mumbai: Hinduja Group co-chairman Gopichand Hinduja on Tuesday said that while the $5 trillion target of 2024 is achievable, Prime Minister Narendra Modi-led government needs to shed the British style of bureaucracy to move faster.

The industry veteran also said that the company has been willing to invest more than $20 billion in India, but it wants the obstacles to be removed and provide ease of doing business.

"$5 trillion economy is an achievable target. The initiatives taken by Modi are great and his vision is excellent but his team has to be fast," Hinduja said at the India economic conclave 2019.

Narendra Modi govt needs to shed Britishstyle bureaucracy move faster to achieve 5 tn economy Gopichand Hinduja

File image of Prime Minister Narendra Modi. AFP

He noted that the British style of bureaucracy still exists in India, while Britain has already modified their bureaucracy.

"The first step we have to see is how our bureaucracy will be modified. Some 6-7 years back, we wanted to invest $20 billion more in India. When we started getting in, we could see so many obstacles and was not easy to do business. But when Modi announced the initiative of ease of doing business, we thought things will change. But the speed of change should be faster," he said.

Hinduja further said his company would love to invest more and more in the country because India has the maximum opportunities to invest from all over the world.

"Our only expectation is that the government should honour what it has committed," he added.

Speaking at the event, Hinduja Group of Companies chairman Ashok Hinduja noted that system processes need to change.

"There is a lot of criticism from SME and corporate sector about the fear and psyche, but I think this has to be there. We have to change the seven-decade-old system processes and there has to be a stick approach and we need more transparency. But at the same time, there should be a limit to it and everything cannot be criminalised," he added.

Updated Date:

also read

Centre approves MoA by India for establishment of BIMSTEC Technology Transfer Centre in Colombo
India

Centre approves MoA by India for establishment of BIMSTEC Technology Transfer Centre in Colombo

The main objectives of the BIMSTEC TTF are to coordinate, facilitate and strengthen cooperation in technology transfer among the BIMSTEC member states by promoting the transfer of technologies, sharing of experiences and capacity building

Rajouri resident 'salutes' Prime minister Narendra Modi over government airlifting son from Dhaka after accident
India

Rajouri resident 'salutes' Prime minister Narendra Modi over government airlifting son from Dhaka after accident

Aslam Lone said his son Shoaib Lone is an MBBS student at Barind Medical College Dhaka and met with a car accident while travelling with four other people

Jaishankar meets Indian community in Rwanda, appreciates their contribution to the bilateral ties
World

Jaishankar meets Indian community in Rwanda, appreciates their contribution to the bilateral ties

S Jaishankar is in Rwanda to attend the 26th Commonwealth Heads of Government Meeting (CHOGM) from 22-25 June. He will represent the prime minister of India at the Commonwealth Summit on 24-25 June