Industry body Assocham is optimistic on West Bengal, which it said has the potential to create one crore jobs and attract investment of Rs 10 lakh crore in the second term of Mamata Banerjee government.
Assocham president Sunil Kanoria said the job and investment figures are based on the past compound annual growth rate (CAGR) of 22 per cent and overall improvement in the investment climate after 2010-11. He said land is not an issue as the state has adequate land but the government would have to focus on ease of doing business, faster clearance and right policies to attract investment.
“It is a golden time for West Bengal as FDI policy has been liberalised and business confidence is on the rise. Bengal can also take a holistic view on SEZ, specially IT SEZ,” he said.
According to state finance minister Amit Mitra, the Trinamool Congress government had created 68 lakh jobs in the last five years in West Bengal.