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Need regulators as partners rather than taskmasters for startups, says Anand Mahindra

Economic TimesEconomic Times · 8m
Need regulators as partners rather than taskmasters for startups, says Anand Mahindra

Chairman of Mahindra Group, Anand Mahindra, has called for increased ease of doing business for startups in India. He highlighted that startups face numerous existing regulations and controls that hinder their growth and urged regulators to work as partners rather than taskmasters. Mahindra also recommended expanding the government's production-linked incentive schemes to support a wider range of industries. He emphasized the need to address factors like high land costs, utility costs, and logistics costs to enhance India's competitiveness in manufacturing. Additionally, he proposed utilizing international aid tied to Indian industry to open doors for Indian companies in closed markets.

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