New Delhi : Labour reforms unveiled by the government will make it easier to do business in India and boost global investor sentiment by easing compliance burden and ushering in transparency, according to Indian industry.
The reforms aimed at eliminating ‘Inspector Raj’ will provide a huge fillip to manufacturing, industry bodies said.
“Simplification of procedures has been a long standing concern of industry and this initiative will considerably ease the burden of compliances especially for small & medium enterprises (SME) sector,” CII Director General Chandrajit Banerjee said. Assocham Secretary General D S Rawat said: “The simplification of procedures and introduction of a unified web portal to ensure compliance with labour laws is a welcome move which will avoid harassment at the hands of inspectors.
