The Wise Leaders of JK have voted to reduce restrictions on investments in the State, and will reduce times for approvals for businesses therein; this is superb! We, in International Business, see time and again, in other countries, national leaders not understanding that impediments to commerce are facilitated with onerous restrictions. Many times, the ‘blockages’ have little, if anything to do with the intended commerce desired. The restrictions may merely be ‘grandfathered’ into a onerous process, for people desiring manufacturing, marketing, and or mining in a nation. The rules add burdens to intended projects that cost-efficient investors must incorporate into their business models; there are no “Free Lunches”.
For example, in JK, while timber and water resources are plentiful, so are arsenic, bauxite, coal, chromium, copper, gold, kaolinite, lead, lignite, marble, ochre, quartz, rubellite, sapphire, serpentine, slate, and zinc per the Indian Government. Investors should strongly consider examining harvesting and/or mining potentials in the gorgeous state. If mining is accomplished responsibly, its inherent depletion of minerals is more than made up by funds in-flow to the area. This, with properties remediations, assures all participants a ‘Win’.
Manufacturing, with abundant water supplies, also make for a wise choice to locate commerce in JK. Add in a intelligent work force, as is the case with the local inhabitants, and efficiencies in productions are attainable.
As to the aforementioned beauty of JK, we think also, ‘Hoteliers’ should consider International Tourism possibilities on a larger scale. Using the business proviso: “‘Beautiful Environment Eye Candy’ brings tourists, who bring their monies, then tell their friends, and a stream of ‘Mammon’ flows to the inhabitants living therein; all prosper through good management of ‘Tourism’.”
Simplification of “Business Eligibilities’ and ‘Timeliness of Government Approvals’ will bring logarithmic commercial growth to geographies seeking to prosper. We have see this time and again around the world. It is not “Rocket Science”; it is merely “Good Business”. Leaders in JK have made this possible now with their votes.
Reality: Many times, ‘Simpler’ is better; People can work more efficiently and faster, without being ‘manacled’ with restrictions.