Mamata Banerjee woos post-Brexit investments to Bengal, says state is a ‘great base’ for UK businesses

'West Bengal is a gateway to the north-eastern region. Our skills, talent and technology is our advantage, which makes the state a great base for UK businesses,' the CM said in London

By: PTI | London | Updated: November 14, 2017 2:57 pm
Mamata Banerjee, Mamata Banerjee Londin trip, Bengal Business Summit, FICCI, Federation of Indian Chambers of Commerce and Industry, Bengal investors, Brexit, Investment in Bengal, Amit Mitra, Bengal jobs. Bengal news Mamata Banerjee presided over a meeting titled ‘Opportunities in Bengal’, organised by the UK India Business Council (UKIBC) and the Federation of Indian Chambers of Commerce and Industry. File Photo

Pitching West Bengal as an attractive destination for post-Brexit investments from the UK, Chief Minister Mamata Banerjee has said the state is a “great base” for British businesses and a gateway to the north-eastern region.

Mamata presided over a meeting titled ‘Opportunities in Bengal’, organised by the UK India Business Council (UKIBC) and the Federation of Indian Chambers of Commerce and Industry (FICCI) here. “West Bengal is a gateway to the north-eastern region. Our skills, talent and technology is our advantage, which makes the state a great base for UK businesses,” Banerjee said on Monday.

“The citizens of Bengal are eagerly waiting to express their hospitality. Let us work together; I believe that if there is any problem in the path of business, there is also a solution,” she said, while inviting UKIBC to lead a delegation to the Bengal Global Business Summit to be held in Kolkata in January 2018. “We are business friendly and have a constructive and proactive approach,” Banerjee said.

UKIBC chair Lord Davies, who steered the roundtable discussions, said he was “totally convinced” with West Bengal’s potential as an investment hub for the UK and highlighted the state’s cluster-based approach to encourage start-ups as a major attraction. “It (West Bengal) is an incredible success story,” he said. Amit Mitra, the state’s finance, commerce and industries minister, called on entrepreneurs across different sectors operating in West Bengal to share experiences of doing business in the state.

Y K Modi, CEO of Great Eastern Energy Corporation Ltd, hailed the ease of doing business in the state, while Stephanie Farr of UK drinks giant Diageo flagged the Goods and Services Tax (GST) as an issue that the company was keen to work on with the West Bengal government. The visiting business delegation from India included Harshvardhan Neotia, chair of Ambuja Neotia Group, Tarun Jhunjhunwala of Reliance Group and Rudra Chatterjee of LuxmiGroup, among others.

“The kind of government we have in Bengal is compassionate, proactive and action-oriented,” said Purnendu Chatterjee, chair of Haldia Petrochemicals Ltd. The UK enterprises represented at the meeting included PwC, Standard Chartered Bank, Oxford University and British Telecom. Banerjee arrived in the UK over the weekend on a week-long investment scouting visit for West Bengal.

Besides her formal engagements, including the unveiling of a commemorative plaque in memory of Scottish-Irish social worker Sister Nivedita on Sunday, she has been walking the streets of London in her trademark flip-flops with her delegation of business chiefs and media persons. Banerjee will also hold talks with Scottish Development Investment (SDI) officials in Edinburgh.

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