Provide labour flexibility by removing the requirement of State Government approval from Chapter V-B and permitting Contract Labour in all areas.
Promote SEZs for key sectors. Redefine norms on the basis of scale, investment quantum/levels and sector focus. Separate the Developer of the SEZ from the Occupants.
Provide a level playing field in sectors with PSU dominance – establish an Independent Central Regulatory Commission headed by a Chief Commissioner appointed by the President or the Prime Minister with independent Regulators for each regulated sector. Provide long term visibility and consistency of policy.
Improve business environment – reduce number of procedures and approvals; make all approvals time bound and non-discretionary.
Eliminate scope for discretionary interpretation to stop corruption; update key laws and statutes using Study Groups or Committees (with Government and Industry participation) to reflect this.
Establish effective mechanisms to resolve centre-state issues –establish an Empowered Committee framework (as done for VAT implementation) for implementation of key policies that require Centre-State cooperation such as Power Sector reform, Labour law reform, Urban land reforms (including (ULC Act), APMC amendment.
Create a special high level fast track mechanism for priority sector projects. Enhance availability of skilled manpower for sectors like Biotechnology, Automotive Engineering, Textile Engineering, IT – establish new private educational institutes with international collaborators.
Facilitate upgradation of Urban infrastructure by having a directly elected Mayor in key cities – as is the case with major cities in China and the USA. Establish a single point contact at the Centre to implement policies and procedures to enhance investment as well as facilitate high value projects across Ministries and Departments.
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