Stay updated with the latest - Click here to follow us on Instagram
Journalism of Courage
Premium
This is an archive article published on May 20, 2009
For Bengal Inc,Lefts drubbing has a silver lining
With the UPA back in the Centre and the Left Front cornered,the corporate sector expects an industrial upsurge in Bengal.
Written by Mohana Dam
Kolkata | May 20, 2009 02:33 AM IST
2 min read
2 min read
With the UPA back in the Centre and the Left Front cornered,the corporate sector expects an industrial upsurge in Bengal. The business community in Bengal is pinning its hope on a stable UPA government and the Trinamool-Congress alliance in the state.
In the last year tenure of the UPA,economic policies like fiscal stimulus,FDI and pension reforms were not implemented after opposition from some quarters. In the last five years,some of the reforms did not materialise because of differences in ideologies among the constituents of the government. With a stable government at the Centre now,Bengal should focus on issues like developing infrastructure,balance between industry and agriculture and development of skilled labour, said Khokon Mookerji,chief mentor,Bengal Chamber of Commerce and Industry.
According to Pawan Poddar,president of the Bharat Chamber of Commerce and Industry,the present political climate is a positive signal since earlier the industrial policies at the Centre were guided by rigid ideologies of the Left. Though the industry in Bengal depends more on the state governments policies than the Centres,industrialists believe the projects which were shelved so far in Bengal might now be revived with the Central intervention.
The Left Front has disappeared. Since the Trinamool is with the Congress,we expect Bengal to be in focus, said SK Agarwal,president,Calcutta Chamber of Commerce.
The Left opposed FDI in many sectors. The Centre will now be able to move forward without the Left, said KK Nevada,president,Bengal National Chamber of Commerce and Industry. Sandipan Chakravortty,chairman of Confederation of Indian Industries,said: The CPM is cornered in Bengal. It is now up to the Trinamool to pull investment.
Advertisement
Top Stories
Live Blog
Loading Taboola...
Advertisement