BGBS to be held every 2 years from now, announces CM

Kolkata: The Mamata Banerjee government will now hold Bengal Global Business Summit (BGBS) once every two years. This was announced by Chief Minister Mamata Banerjee at the state Assembly on Wednesday.

"There are various processes involved after we receive an investment proposal. We need to prepare a Detailed Project Report (DPR), sign MoUs and complete certain other formalities. So we have decided to give some more time before holding such business meets. This will help us make more investments fruitful in the real sense of the term, before we hold the next edition of BGBS," Banerjee said, while deliberating upon the Governor's speech that was delivered in the last session in February. The session could not be held after that with the announcement of the elections in March.

Banerjee said 50 percent of the investments received in the five editions of BGBS held since 2015 are already under implementation. It may be mentioned that most of the states in the country have already started holding such summits once in two years.

The 2019 BGBS held in February has seen investment to the tune of Rs 2.84 lakh crore, which is expected to create 8 to 10 lakh jobs in the state. The next BGBS will be held in 2021 instead of 2020.

"86 Memorandums of Understanding (MoUs) were signed, while 45 business to consumer (B2C) and 1,200 business to business (B2B) meetings were held," a senior official of the state Finance department said.