In a significant push to position Andhra Pradesh as a premier investment destination, Visakhapatnam Member of Parliament M Sribharat has detailed the state government's aggressive, investor-friendly policy framework. The MP emphasized that the administration is being guided by the dual principles of ease of doing business and speed of doing business to attract and accelerate industrial capital flow across the state.
Engaging Industry Leaders on Growth and Reforms
Sribharat shared these insights during an informal interaction with members of the Confederation of Indian Industry (CII) – Southern Regional Council in Visakhapatnam. The meeting served as a platform to bridge the gap between policy intent and industry expectations. Drawing from his personal background in business and entrepreneurship, the MP provided a grounded perspective on how government policies can effectively catalyze private sector growth.
He urged industry leaders to capitalize on the momentum generated by major events like the recently concluded 30th CII Partnership Summit in Vizag and the announcement of the ambitious Visakhapatnam Economic Region. Sribharat invited them to explore the vast and emerging investment opportunities not just in the coastal region but throughout Andhra Pradesh.
Tackling Regulatory Hurdles for a Smoother Business Climate
The MP did not shy away from addressing long-standing challenges faced by businesses. He pointed out that excessive regulation, complex compliance demands, and arbitrary enforcement mechanisms have traditionally stifled entrepreneurial spirit and business expansion. A critical issue highlighted was the systemic reluctance to repeal outdated and redundant laws, even as new rules are frequently added, creating a tangled web of compliance.
"This accumulation of obsolete regulations, coupled with new ones, creates unnecessary barriers," Sribharat explained, noting that it increases costs and uncertainty for companies.
Legislative Push: The Jan Vishwas Bill and Beyond
To systematically dismantle these barriers, Sribharat stated that the NDA government is implementing progressive legislative reforms aimed at fostering a more enabling and trusting ecosystem for industry. He spotlighted two pivotal initiatives as part of this clean-up drive.
The first is the Repealing and Amending Bill, 2025, designed to remove archaic laws from the statute books. The second, and potentially more transformative, is the Jan Vishwas Bill, 2025. This legislation is specifically aimed at simplifying existing laws, significantly reducing the compliance burden on businesses, and building greater trust between the government and the industry.
These reforms, the MP asserted, are concrete steps towards translating the vision of 'ease and speed of doing business' into a tangible, competitive advantage for Andhra Pradesh, making it a compelling choice for both domestic and global investors looking at India's growth story.
