The CEOWorld magazine reverberates Rajasthan as a global investment destination and one of the top 10 states in the country to do business. The ranking pivots on the state’s ease of doing business, owing to its well-entrenched and robust land allotment processes, easy and time-bound single-window online clearance mechanisms for companies that wants to invest and do business and other industry conducive advantages that it offers to organisations who are rethinking their investment relocation strategies.
Speaking on the recognition by the magazine, Mr. Dhiraj Srivastava, Commissioner of Rajasthan Foundation said, “We are elated to be featured by such a coveted global media. Under the visionary leadership of the Chief Minister of the State, Mr. Ashok Gehlot, Rajasthan has successfully introduced several sustainable and business empowering policy reforms and light touch regulatory pathways in terms of tax concessions and other policies which enabled the investment ecosystem to gather steam. We believe all the mechanisms are in place that will attract significant investments in the coming times, helping economies to wade out of the current crisis.”
In another report released by CEO World in February 2020, India has been ranked amongst the top 5 countries to invest in or do business for 2020. Other countries that made into the top 5 included Singapore, United Kingdom, Poland and Indonesia, amongst 80 other countries worldwide, like Australia, Philippines, the United States, Malaysia, Czech Republic, The United Arab Emirates, Germany, China and so on.
The rankings were based on 11 distinct parameters such as corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness. Each category had equal weightage.