Recent reforms have made Puducherry an ideal destination for investment: L-G

Inviting industrialists for setting up their base in the Union Territory, Lieutenant Governor K. Kailashnathan on Friday said the Puducherry government’s recent initiatives on Ease of Doing Business, approvals for SEZs and plans for augmenting the operational capacity of Karaikal Port have made the region an ideal destination for investments.

Speaking at the Southern Regional Council meeting of the Confederation of Indian Industry, he said a slew of reforms were initiated prior to the Assembly elections. A good platform has been created for industries to establish their units with the enactment of legislations, including the Puducherry Ease of Doing Business (Service Delivery) Act. The government was taking every step towards strengthening the ease of doing business factor, with greater monitoring of applications and bringing accountability for delays, the Lt. Governor said.