Government needs to make doing business easier with consistent policies, says Biocon chief Kiran Mazumdar-Shaw

Kiran Mazumdar-Shaw, the Chairman and Managing Director of India's biggest biotech company Biocon, has expressed disappointment over the government policies, saying that it is paying mere "lip service" to the manufacturing sector. She also said that there have been no improvements in doing business in India, because of lack of consistency in policies.

"According to me, right now, the government needs to only focus on ease of doing business and it should also focus on consistent policies, where there is no ambiguity and flip-flopping," she said.

"I have not seen any improvement in ease of doing business. It is as complex, and I think the policies are as ambiguous and there is no consistency. That's all the government has to ensure," Mazumdar-Shaw said.

She also stressed on the importance of government support to jobs in the manufacturing sector.

"Apart from saying Make in India, there is no policy supporting manufacturing jobs. Government is going on focusing on service sector and only paying lip service to manufacturing sector. The government should stop paying lip service to manufacturing and do something if they are serious about it," said Mazumdar-Shaw.

Talking of the upcoming budget and her expectations, she said that the government should focus on socio-economic development and increase investment on education, healthcare, jobs, low- cost housing and infrastructure areas.

She, however, was appreciative of some industrial corridors having being taken off.

"As long as infrastructure keeps happening in a big way, then we can say that yes the government is beginning to deliver on its promise," she said, declining to comment on whether the Modi government has delivered on its pre-election promises.

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