The ‘Made in India’ Problem - Moneylife

The ‘Made in India’ Problem - Moneylife

Amazon CEO Jeff Preston Bezos gave an interview to Hindu Business Line which was published on September 29. My response to the published version of the interview is copied below for information and taking the debate further:
“The positive approach to doing business which helps Bezos keep smiling all through is admirable and worth imbibing by any entrepreneur anywhere in the world.
The $2 billion cheque brought in by Amazon is a good omen when Prime Minister Modi is inviting the world not only to do business in India but to ‘Make in India’ and do business with the rest of the world. The World Bank Group(2013) which rated India at 179 under the parameter ‘Starting Business’ in a group of 189 countries, should revisit its assessment and see how many of the countries which were positioned above India got an individual single external investment of $2 billion or above in 2014. 
The assertion made by Bezos that ‘Every country in which we do business, there are regulations. Our job is to accommodate those regulations. So, let us use it as an opportunity, instead of just complaining about it.’ should be an eye-opener for all those who grumble about business environment in India.
This is not to say that business environment in India is perfect and needs no improvement. But the progress made in improving the ‘ease to do business’ by various states and the present efforts by the central government to make things better need to be taken note of, and position taken by Amazon and its CEO Bezos makes sense in this context and stands alone in the whole mess up in comparisons by international rating agencies.”
M G Warrier, Mumbai


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