TIL Desk/Business/New Delhi/ Sunil Mittal, the head of the largest telecom operator Bharti Airtel, has said ease of doing business still remains a “major concern” and urged the government to do more. “The ease of doing business remains a major concern. I know government is very focused on this, the PM wants our ranking to go up. You come out with fantastic policies,” Mittal said.
Describing how he was stunned to get approvals for a merger in Ghana in flat three days despite the holding companies were based in The Netherlands, Mittal rued that it still takes much longer for such processes in our country.
“We can’t get to three days. But can we get to 30, may be 60 days? We really need such a framework,” Mittal told a panel discussion where Union minister Arun Jaitley, who handles the finance and corporate affairs portfolios, was the chief guest at an ET awards function here last night.
He cited the case of the merger of a 100 per cent subsidiary with the parent, saying it takes up to five months to get the requisite approvals in India.
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