LE Blog: Structure before Manufacture – By Matrugupta Mishra, Partner, Praxis Counsel

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It is time for India to shift from a flourishing service economy to a manufacturing economy which is one of the most viable solutions to deal with the menace of fiscal deficit, rising unemployment and to climb up the ladder in the global economy. 

This article is not an insight into complex economic nuances and analysis, since I am no economist, rather it is only a broad checklist which is ensuing out of the day to day difficulties experienced by investors in setting up industries across the length and breadth of the country.

This blog is also in the wake of the discussion the Government of India recently had to lay down a road map to woo foreign investors in India.

In the above checklist, each and every bullet point is amenable to detailed discussions and brain storming to execute them into action. Losing this opportunity would be a failure of the economic mandate and the inability of India to introduce to the world a second large-scale manufacuring hub in Asia, which happens to be the need of the hour as well as the calling by the West and the Far East. 

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Advocate Matrugupta Mishra is Partner at New Delhi-based Praxis Counsel that specialises in infrastructure-related litigation and arbitration matters. 

Disclaimer: The views or opinions expressed are solely of the author.

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