ABA Conference: People want to Business in India but Don’t Abide by Indian Laws: MP Rajya Sabha Kartikey Sharma

ABA Conference

The Parliament member of Rajya Sabha Kartikey Sharma has said that Government of India and its machinery making right laws and moving in in right direction which created a corruption free business friendly environment. He was a part of panel of ABA India Conference, and topic was MPs Roundtable on Law, Economic Development & Governance.

MP Kartikey Sharma said The Biggest problem is this the people want to business in India but don’t abide by Indian laws. They want to go London or Singapore, this is not coming prospective of lawyer but this is coming from person who deal with international entities,  you have come to India and to get abide by the Indian laws.

Although he said that the hesitance and reluctance of signing on to Indian Law is an issue and that has perhaps because of the inefficiency, that plaque in systems the contracts, the ability to implement contracts in India that been a problem, But government has systemically tried to address number of issues through these arbitration centers , proactive approach, rather going to court.

Rajya Sabha MP Kartikey Sharma Said  that this is the way of ease of doing business, conducive for growth and that’s what even the people who putting the money and expecting, and India has to live up to that expectation. He said I think there is a lot of right moves are being made over there,  but having said that I think biggest example of making law which effect people at very fundamental level.

MP Kartikey Sharma gave an Example that in 2016 when start up India was initiated, that time only 471 start ups, today, we have 13 thousands, this show that government is making good laws and moving in right direction. This has brought a positive change in environment and reducing the losses. We had more then 100 unicorn last year. Actually the laws has made recently by the government help structuring, raising money and conducive environment to grow. As of today India having poll position in forth in industrial revolution.

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About the Author: Ashish Sinha

-Ashish Kumar Sinha -Editor Legally Speaking -Ram Nath Goenka awardee - 14 Years of Experience in Media - Covering Courts Since 2008