With the Government working on various planks like bringing in self-regulation, transparency and promoting trust between various stakeholders, the industry will soon see things working on the ground, Commerce and Industry Minister, Nirmala Sitharaman said at an ASSOCHAM event held in New Delhi.
“I am sure from now you will probably see a lot of things happening on the ground, if it is happening on the ground, you are the ones who are going to be able to speak about it first,” said Sitharaman while inaugurating ASSOCHAM 7th Global CSR Summit.
“We hope at least now in the forthcoming session, with co-operation from the opposition, because it is the economy which needs it. It is not for crediting the NDA government, it is more the economy which has been waiting in the wings to bloom in the last 10 years which has not happened,” she added.
“Therefore to see it on the ground, you need the rules to change, self-regulation, trust between stakeholders and the government which is willing to be a facilitator rather than a regulator and above all you need the laws, we are working on all these planks and being transparent about it and in fact involving all stakeholders together to engage with us,” stated Sitharaman.
“If regulations are removed, trust is built and if self-regulation can be brought about than we are on course for a cleaner, transparent and open system, we are on that route,” said the Minister.
She also said that the union government is in a hurry to perform as the Indian Economy has waited for far too long.