The current government has undertaken various measures to improve India's ranking in ease of doing business and to attract investments. The government is making steadfast efforts to ease the foreign investment norms, revamping labour laws and cut down the red tape in order to support the 'Make In India' initiative. It is significant to note that between September 2014 and November 2015, the government received proposals from the foreign companies for manufacturing electronics in India worth Rs 1.20 lakh crore, which indicates a positive growth trend in the economy. The government has also amended the Arbitration and Conciliation Act, 1996, which, inter alia, will provide quick remedy to parties for resolving the disputes. Further, they have introduced Commercial Courts Act, 2015 which will have jurisdiction over commercial disputes. Another step in this direction is the "e-court project".
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The current government has undertaken various measures to improve India's ranking in ease of doing business and to attract investments. The government is making steadfast efforts to ease the foreign investment norms, revamping labour laws and cut down the red tape in order to support the 'Make In India' initiative. It is significant to note that between September 2014 and November 2015, the government received proposals from the foreign companies for manufacturing electronics in India worth Rs 1.20 lakh crore, which indicates a positive growth trend in the economy. The government has also amended the Arbitration and Conciliation Act, 1996, which, inter alia, will provide quick remedy to parties for resolving the disputes. Further, they have introduced Commercial Courts Act, 2015 which will have jurisdiction over commercial disputes. Another step in this direction is the "e-court project".
