Industry wants Mamata to make WB economy a `trend-setter`
New Delhi: Corporate heads based in West
Bengal want Chief Minister Mamata Banerjee to send a strong
signal to investors that the strategically located state will
be a "trend-setter" and "not a spent force" in the country`s
"We hope to see a turnaround in economic fortunes of the
state with newer investments and most importantly, a change in
perception in the minds of the investors," the Chairman of the
Electronics and Software Export Promotion Council (ESC), S
He said that a perception change is required among
investors that West Bengal "is not a spent force, but a trend
-setter of development and growth".
Radhakrishnan, who runs an engineering consultancy firm
from Kolkata, said the new Trinamool Congress-led government
has shown a "great deal of energy and confidence". The
challenge for the Banerjee government is is to address the
problem of huge debt and achieve some easy deliverables in
According to Reserve Bank data, the state has a debt of
Rs 2 lakh crore.
Sanjay Budhia, the Managing Director of Rs 200 crore
engineering export house Patton, said the initial signals are
positive, but problems of perception need to be addressed
first through an image uplift.
The state suffered an image setback in the eyes of
industry after Tata Motors pulled out its Nano project from
Singur in 2008.
"Also, within the state, there is a negative mindset and
mental block... We have to create an environment to bring the
talent of the state back to West Bengal," he said, adding that
the state can be a gateway to the north-eastern states --
Bangladesh, Nepal, Bhutan and Mynamar.
Budhia, who is also chairman of the CII National
Committee on exports, said the trade unions should be led by
people within the organisation and not by outsiders.
Asked about the issue of land and farmers` protests
against acquisition, he said the sites locked in sick and
closed industries should be released and the land banks should
He suggested "some kind of ownership" for land losers in
industrial projects. Besides, the land valuation should be
proper and justified.
They also expressed confidence that with industry-
friendly ministers like Partha Chatterjee (Industry) and Amit
Mitra (Finance), the new government will be able to win back
the confidence of investors.
Download the all new Zee News app for Android and iOS to stay up to date with latest headlines and news stories in Politics, Entertainment, Sports, Technology, Business and much more from India and around the world.
More from India
More from World
More from Sports
More from Entertaiment
- Video: India won't tolerate disrespect to national anthem – this Mumbai family learnt it the hard way
- Watch: Boy dies after falling from a Mumbai local train – video maker is guilty too!
- Had Sardar Patel become PM, India would have been another Pakistan, says Kancha Ilaiah
- Watch: ISIS terrorist blown into pieces while bragging about his previous victory
- Shocking! World Cup winning cricketer forced to sell 'kachoris' to make a living