“Government has the definite role in developing basic hard infrastructure that facilitates and accelerates economic growth including overseeing the development of soft infrastructure to improve quality of life. This is still a job simple to describe but hard to do, and the administrative skill lies in doing it,” Thiaga Rajan said.
“So far as entrepreneurship is concerned, we should bear in mind that the role of government is limited to building the right ecosystem for excellence and encourage professionalism, ensure ease of doing business, reduce complexity and unnecessary regulations, without compromising standards and environmental benchmarks, and then get out of the way. We also have to provide a safety net – some compassionate hands for those entrepreneurs who go through difficulties,” he said.
Thiaga Rajan said government has also a role to play as the first buyer of all brilliant technologies that government needs, which will naturally encourage entrepreneurship and innovative ideas.
“It is also imperative that new avenues and projects that generate revenue need to be identified in rural and urban areas. Human resources idling in many redundant government departments can be effectively shifted to activate, coordinate, guide and develop these identified sectors which generate employment and income. It is high time we carried out expenditure switching especially with respect to the less-utilized or unutilized manpower in many departments,” he said.
Industries minister P Rajeeve had earlier announced a slew of legislative and infrastructure reforms in the TieCon meet to facilitate ease of doing business and ensure resilient and sustainable Industrial development.
KPMG India chairman and CEO Arun M Kumar spoke on new directions for Kerala beyond the pandemic. Marico Ltd chairman Harsh Mariwala gave a talk on the journey of the Brand Marico – the success and challenges, Tourism director Krishna Teja led a session on Caravan Tourism, the new tourism policy announced by the state.