Still, it's a bumpy ride
The Times of India , Feb 12, 2019
Despite the pro-investor measures being mooted and implemented by the state, experts are not sure of a radical change in the enterprise sector.
P M Mathew, director of Institute of Small Enterprise and Development (ISED), said K-Swift was only a measure to improve the Ease of Doing Business ranking, which is a universally-accepted criterion for measuring pro-business policy and systems. “One has to wait and see how far this will succeed in creating a positive impact on the business climate in Kerala. For large-scale industries, this new measure will be a quite useful, but for MSMEs, it is a different case, because nationwide MSMEs are highly vulnerable to both external shocks like floods or policy changes like GST implementation or internal issues,” he said.
According to Savio Mathew, Kerala head of Federation of Indian Chambers of Commerce and Industry (FICCI), measures like K-Swift should be complemented with creation of a pro-business mind set among the labour unions also. “Labour unions and hartals are two factors that deter investors in Kerala the most. Hence the government should come up with bold reforms,” he said.