Business Reforms Action
Plan 2024 to further Strengthen Make in India; bring Seamless Business
Regulatory Framework Across India
[ABS News Service/30.09.2024]
In
a major push to further strengthen the Make in India initiative, the Business Reforms
Action Plan (BRAP) 2024 is set to establish a seamless business regulatory framework
across the country, enhancing the ease of doing business. Led by the Department
for Promotion of Industry and Internal Trade (DPIIT), BRAP 2024 introduces next-generation
reforms that address the needs of both businesses and citizens. Building on the
successes of previous editions, BRAP 2024 aligns with key government initiatives
such as the Reducing Compliance Burden (RCB) and Decriminalisation, while also integrating
elements from the World Bank’s upcoming B-READY program. This convergence will streamline
regulatory processes, bolster economic growth, and foster greater investor confidence
in India’s business landscape.
The
upcoming BRAP 2024 framework introduces an innovative assessment methodology, blending
evidence and feedback-based evaluations for a more comprehensive and dynamic approach.
With a focus on reducing approval times, integrating online service delivery, and
leveraging initiatives like the National Single Window System and PM Gati Shakti, BRAP 2024 promises to create a more transparent,
efficient, and dynamic regulatory environment.
BRAP
2024 continues to streamline processes, reduce compliance burdens, and implement
digital solutions to make India a preferred global investment hub. BRAP has expanded
beyond its initial scope, covering critical sectors such as Labour, Environment,
Taxes, Land Administration, Utility Permits, Inspection and Construction while also
incorporating new areas like ICT adoption and process reengineering through the
Time and Document Study (TDS) to ensure faster and more efficient Government-to-Business
service delivery.
Launched
in 2014-2015, BRAP has been a transformative force in reshaping India's business
landscape, embodying the spirit of competitive federalism, with six successful editions
already completed. BRAP's unique approach, which involves evaluating States and
UTs based on reform implementation, is rare among countries. The focus has been
on easing sectoral challenges and building multiple investment hubs nationwide by
creating a favourable business environment.
As
part of its citizen-centric reforms, BRAP has emphasised transparent service delivery,
ensuring that both businesses and citizens have access to clear information on procedures,
fees, and timelines. This initiative aligns with the Honourable Prime Minister Shri
Narendra Modi’s vision of creating an ecosystem where businesses can thrive, and
citizens experience a more efficient and responsive governance system.