Planning commission to come up with ratings for states in next three weeks

Chennai:

In the next three weeks, Planning Commission will come up with ratings for states to make them more competitive and enhance their business regulatory environment, according to planning commission member Arun Maira.

The rating will be conducted by Deolitte and will be validated by industries, MSMEs, Department of Industry Policy and Planning and Planning Commission.

The rating will be based on six parameters, including access to land and space, labour and human resources and skills and taxation, said Maira, who was here to release the study on Manufacturing in Tamil Nadu: A regulatory roadmap.

Interestingly, the draft had already been presented to the planning commission and we had given it back to the consultant to tie up the loose ends, said Maira.

Maira said since the elections are about to happen and the model code of conduct is likely to be in place, we would like to defer it.

He said the ratings initially may not be welcomed by many states but the process has to be done. “It is through this the states can learn about the best practices followed by other states,” he added.

Interestingly, the plan is to have the ratings annually. The ratings is more or less similar to the World Bank ratings on countries. It will be more of a ‘Business Regulatory Impact Analysis' for tuning up investment climate of the State, he added.