Finance & Economy | News & Insights

Mamata’s Resolute Stance at BGBS: Bengal’s Business Ambitions

Published: November 22, 2023
Author: TANVI_MUNJAL

In a bid to boost the state’s economy and attract investments, Chief Minister Mamata Banerjee announced five new industrial policies at the Bengal Global Business Summit (BGBS) held in New Town. With an aim to enhance exports, modernize logistics, and promote renewable energy manufacturing, these policies are expected to pave the way for significant growth in West Bengal.

Brand Ambassador Appointment

During the summit, Mamata Banerjee appointed former Indian cricket captain Sourav Ganguly as the brand ambassador of Bengal. Ganguly, who accompanied the Chief Minister on her recent foreign tour, expressed his appreciation for her personal touch and attentiveness despite her busy schedule.

Policies for Economic Growth

The newly announced policies include the West Bengal Logistics Policy 2023, West Bengal Internet Cable Landing Policy 2023, West Bengal Export Promotion Policy 2023, West Bengal Green Hydrogen Policy 2023, and New and Renewable Energy Manufacturing Policy 2023. These policies are expected to attract investments in various sectors and drive sustainable growth.

Promotion of Cultural Harmony

Miss Banerjee emphasized the cultural diversity and harmony in Bengal, mentioning that people from different communities and religions live happily and peacefully. She highlighted the state’s celebration of religious festivals encompassing Durga Puja, Eid, and Christmas, as well as memorable anniversaries of Guru Nanak, Lord Buddha, and Mahavir.

Industrial Corridors and Development

The Chief Minister announced the establishment of four industrial and economic corridors: Dankuni-Kalyani, Tajpur-Raghunathpur, Dankuni-Jhargram, and Durgapur-Cooch Behar. These corridors aim to further boost economic development and attract investments to the state.

Emphasis on Tourism and Hospitality

Mamata Banerjee acknowledged the significant progress in the tourism sector, with the development of numerous homestays across the state. The government has granted industry status to the tourism and hospitality sector, aiming to attract more investment and capitalize on the potential in this area.

Rebuttal of False Narratives

While addressing concerns about political unrest, Mamata Banerjee refuted claims that Bengal is ridden with violence. She stated that the state is one of the most peace-loving in the country and urged investors to look beyond false narratives and consider the immense opportunities available.

Attracting Investments and Assurances

Despite pending dues from the central government, the Chief Minister highlighted the state’s impressive growth in Gross State Domestic Product (GSDP), revenue collection, and budget allocation. She assured investors of the administration’s commitment to providing facilities and leveraging the state’s land bank and land use policy to facilitate business ventures.

As the Bengal Global Business Summit concluded, Mamata Banerjee’s bold initiatives and commitment to economic growth have set the stage for a prosperous future in West Bengal. Investors have been urged to consider the state’s potential and seize the opportunities that lie ahead.

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