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  1. Assocham optimistic on Bengal for next 5yrs

Assocham optimistic on Bengal for next 5yrs

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.

By: | Kolkata | Published: July 5, 2016 5:38 PM
Assocham Assocham president Sunil Kanoria said the job and investment figures are based on the past CAGR of 22 per cent and overall improvement in the investment climate after 2010-11. (Source IE )

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 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 golden time for West Bengal as FDI policy has been liberised and business confidence is on the rise. Bengal can also take an holistic view on SEZ, specially IT SEZ, he said.

According to the state finance minister Amit Mitra has said the Trinamool Congress government had created 68 lakh jobs in the last five years in West Bengal.

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