HYDERABAD: India’s youngest state of Telangana has slipped to third spot in the Ease of Doing Business (EoDB) rankings 2019, behind Andhra Pradesh and Uttar Pradesh.
Telangana was edged out by dark horse Uttar Pradesh, which jumped 10 spots by scoring 186 out of 187 in the Business Reform Action Plan (BRAP) 2019 to clinch the second spot. The first spot is retained by Andhra Pradesh.
Commenting on the EoDB rankings, Telangana IT & industries principal secretary Jayesh Ranjan said, “Our biggest strength is that the level of satisfaction of all the investors in the last five-to-six years is very high. This has led to many of them continuing to invest in the state. Basically, there is action on the ground. Many new projects that come to us are referred to the state by the existing players.”
He, however, said the state was not taking the drop in EoDB rankings lightly. “We will analyse the areas where our scores have fallen and others have improved and the steps that nees to be taken. We will definitely work on it. But we are awaiting those details at this moment.”