Flexport CEO Critiques India's Business Bureaucracy Amid GST Praise
Flexport's CEO Challenges India's Business Practices
In a recent statement, Ryan Petersen, the CEO of Flexport, criticized the business landscape in India, claiming that excessive bureaucracy and paperwork hinder the ease of conducting business, contradicting the government's assertions of improvement.
On July 1, Petersen reacted to a tweet from Prime Minister Narendra Modi, who hailed the Goods and Services Tax (GST) as a significant reform that simplifies compliance for small and medium enterprises.
Petersen countered this perspective on X, stating, "I have to file more useless paperwork for our entity in India than all our other countries combined."
Related News: PM Modi Honored with Ghana’s National Award
This remark has ignited discussions regarding India's regulatory environment, particularly for foreign firms facing intricate compliance challenges.
Flexport, based in the United States, operates in more than 89 nations, with offices located in Amsterdam, Hong Kong, and Shenzhen, focusing on digital logistics and supply chain solutions.
As of now, there has been no official comment from Indian officials regarding Petersen's claims.