The Economic Times

Need to look at cost of doing business to boost manufacturing; cut statutory liquidity ratio: Amitabh Kant

Amitabh Kant has advocated for reducing the statutory liquidity ratio to promote job-intensive manufacturing in India. He emphasized that cutting SLR could lower the cost of credit for businesses. Kant highlighted the importance of adequate credit in supporting the growth of startups in new-age sectors. Additionally, he addressed the need for easier land acquisition and better power availability for manufacturers.