Long way to go for India to benchmark itself with Singapore, Hong Kong: USISPF chief
The HinduIndia needs to remove impediments to the ease of doing business, the head of a top Indian-American business advocacy group has said, asserting that the country has made some progress but has a long way to go to match Singapore or Hong Kong. When you look at what's happening on the manufacturing side, as people are trying to de-risk their position in China they are looking at China plus one strategy, India becomes a good alternative," said Aghi. What we need to do is make sure that we keep removing the impediments and the ease of doing business becomes world-class as we are going to compete for the manufacturing to come from China into India,” Mr. Aghi said. "We have made a lot of progress, but we still have a long way to go if you're gonna benchmark ourselves with Singapore or Hong Kong or other geographies itself,” Mr. Aghi said. So, I don't think it has a long-term impact on either Indian investors or US investors,” Mr. Aghi said.