Ready for business
According to a Millennium Post report dated October 16, Anand Mahindra, Chairman and Managing Director of Mahindra Group, will have a detailed discussion with the Bengal government over proposed investment in the state. Mahindra Group – one of the most renowned business houses in India – is eyeing new opportunities in the Eastern part of the country. Meanwhile, another Indian corporate giant, the Tata Group, has several projects are underway in the state. Chief Minister Mamata Banerjee has been unequivocal in her claim that Bengal is the final destination for economic investment in this country.
After the Left Front government's disastrous attempts at industrialisation, the TMC has picked up the pieces and gradually brought industry back into West Bengal. In her second term, there has been a renewed focus on industry, keeping it at par with the rural development agenda. The impression that Bengal is not a favourable industrial destination is a creation of the elite New Delhi-based media, aided by the short-lived anti-industry and anti-business agitations by local Naxal insurgents, followed by CPM-led Left Front, which ruled the state for 34 years until May 2011.
The Bengal government, however, is out to change the mindset of both overseas and Indian investors. Under TMC government, the state now ranks among the highest in the maintenance of industrial stability. Prolonged industrial strife is a thing of the past. The ruling dispensation in the state has also spoken directly to entrepreneurs outside the country.