Gujarat has forever been the land of brave entrepreneurs and industry friendly policies have led to the proliferation of many successful micro, small and medium enterprises (MSMEs).

Fifty-two-year-old Kishore Patel of Ankleshwar based printing and packaging firm Techno Packaging credits his success to the business friendly and technology savvy nature of his state Gujarat. Patel started out from a small godown (warehouse) in 1998 supplying cartons and labeling equipment to local industries in the vicinity. His familiarity with computers and an inherent urge to expand the business matched other similar entrepreneurs around and he quickly graduated to more sophisticated offset colour printing, scanning and visualisers. As businesses grew big feeding on the state’s industry friendly policies, so did Patel.

The World Bank’s representative working at the heart of the definitive ‘Doing Business’ rankings revisits the Indian government’s pledge to improve the country’s rating on global charts. The overall assessment is good but there is a long road ahead to achieve a truly business-friendly environment.

The private sector is often described as the ‘engine of economic growth’, given its critical role in creating jobs, which enable citizens and countries to prosper. However, several factors, such as lack of access to finance or burdensome processes for starting a new business, can undermine private enterprise and, if left unaddressed, can impede growth…