No discussion on FDI, Teesta with Hillary: Mamata
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No discussion on FDI, Teesta with Hillary: Mamata

Last Updated: Monday, May 07, 2012, 15:54     A- A A+
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No discussion on FDI, Teesta with Hillary: Mamata Kolkata: The US has agreed to treat West Bengal as a partner state for investment in the changed political situation, Chief Minister Mamata Banerjee said here on Monday.

"As per partner state, they will invest in West Bengal which was not taking place due to the political situation in the past," Banerjee told reporters after a 52-minute meeting with US Secretary of State Hillary Clinton.

She also said that the issue of FDI in retail did not come up during the meeting.

She said that the areas identified for US investment were IT, software sector, manufacturing, deep sea port, tourism, health care and education.

"They will give full support for economic and business development," Banerjee said, adding that Chief Secretary Samar Ghosh and US Ambassador Nancy Powell would coordinate and monitor the progress.

Describing her meeting with Hillary Clinton as "positive, constructive, creative and concrete", the chief minister said that Teesta water-sharing agreement and FDI in retail issues did not figure in the discussion.

"There were no talks about Teesta (water-sharing with Bangladesh). There were no talks on FDI in retail. No nuclear or strategic issues were discussed," Banerjee told reporters in reply to a volley of questions.

Hillary Clinton welcomed the political change in the state after 34 years and expressed her happiness at the implementation of programmes taken up.

"We discussed many issues. She congratulated us. Hillary Clinton appreciated our passion of work and implementation of programmes."

"My boundary is limited. I am a small person," the chief minister said when asked if strategic issues and nuclear issues were discussed.

She said that she had informed Clinton that the situation in the Darjeeling Hills and Junglemahal was normal now.

"There were some problems in Darjeeling and Junglemahal when we came to power. Now it is settled and peace has been restored."

Taking pride in Hillary Clinton's visit, she said, "This is a matter of pride that a US secretary of state has come and talked to us here for the first time after independence.

"We are all happy and we think that West Bengal should be a destination for investment. This is not my credit but the victory of the Ma, Mati, Manush (Mother, Land and people)," she said.

Stating that she laid stress on the development of the entertainment industry, she sought a joint endeavour to promote Bengal's entertainment industry along with Hollywood and Bollywood.

"Hillary Clinton said they will discuss and let us know," the chief minister said.

She told the US Secretary of State that that Shah Rukh Khan was the brand ambassador for West Bengal and frequently visited the US to which Hillary Clinton replied that he was very popular in the US and had fans there.

The chief minister said that Hillary Clinton gifted her a mat with Tagore's picture embossed on it with a line from his song 'aguner parashmoni chhoaon prane' inscribed on it.

Banerjee also sought Hillary Clinton's cooperation to hold a world youth festival to commemorate Swami Vivekananda's address at the Chicago world religious festival where he had addressed the gathering as 'brothers and sisters of America'.

"She told me that she will speak to the Mayor of Chicago and let me know," Banerjee said.

Banerjee said that if possible, President Barack Obama should come to such a programme here as also Hillary Clinton and her daughter Chelsea.

The chief minister presented Hillary Clinton a scarf from Shantiniketan, an English translation of Tagore's Gitanjali, a copy of Gitabitan, the collected work of Swami Vivekananda and a book on Sri Ramakrishna brought from the Belur Math.

PTI

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First Published: Monday, May 07, 2012, 09:10

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Build India Swadeshi - Mumbai
Foreign direct investment in retail does not build India in any way, it only drains forex reserves and does nothing to build India`s infrastructure. FDI in retail is reminiscent of the exploitation days of the British Raj whereby raw materials were looted from India and finished products were sold back to Indians. I say, ban FDI in retail in India. Instead, Indian government should concentrate on building hi-tech manufacturing facilities to manufacture high quality retail products indigenously for domestic consumption and not for export.
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JJJackxon - U.K.
I know what you mean and would tend to agree. However, the idea behind allowing FDI is that the infusion of foreign competition and the need to become more competitive on price as well as on quality would force retailers to work to eliminate the numerous middle-men and work directly with providers such as farmers. In this way, India will develop a modern retail supply chain. Competition from foreign companies is the key. There is no ``looting`` of Indian raw materials here. Instead, Indian raw materials will be provided to Indians for a significant lower price for a significantly higher quality.
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Vijayendra Kumar - Washington DC
FDI in retail will accomplish the following. Cut waste from production of fruits and vegetables by establishing an infrastructure for cold storage and transportation.it will cut out middlemen who squeeze the farmers and increase pricing by hoarding. They will use India as a base for manufacturing items for export. China has welcomed FDI in retail and benefited by it.
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NP Singh - Canada
US,for sure,will act in the national interest. Indian polititions should also act in the national interest. But the Indian worthies are not reliable Dar lagta hai Ki kahin Bik na jaen. That is just possible. Very Very EASY.
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Most liked Comments

NP Singh - Canada
US,for sure,will act in the national interest. Indian polititions should also act in the national interest. But the Indian worthies are not reliable Dar lagta hai Ki kahin Bik na jaen. That is just possible. Very Very EASY.



JJJackxon - U.K.
I know what you mean and would tend to agree. However, the idea behind allowing FDI is that the infusion of foreign competition and the need to become more competitive on price as well as on quality would force retailers to work to eliminate the numerous middle-men and work directly with providers such as farmers. In this way, India will develop a modern retail supply chain. Competition from foreign companies is the key. There is no ``looting`` of Indian raw materials here. Instead, Indian raw materials will be provided to Indians for a significant lower price for a significantly higher quality.



Build India Swadeshi - Mumbai
Foreign direct investment in retail does not build India in any way, it only drains forex reserves and does nothing to build India`s infrastructure. FDI in retail is reminiscent of the exploitation days of the British Raj whereby raw materials were looted from India and finished products were sold back to Indians. I say, ban FDI in retail in India. Instead, Indian government should concentrate on building hi-tech manufacturing facilities to manufacture high quality retail products indigenously for domestic consumption and not for export.



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