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West Bengal kicks off road show for global business summit in January 

Business Line , Sep 08, 2015

In the run-up to a global business summit to be held in January, West Bengal today kicked off a road show to attract investors and asked industries to infuse money in the state.

"West Bengal government and top six industrialists are working together towards the growth that the state has generated. India has grown by 7.5 per cent, West Bengal has grown by 10.48 per cent," State Finance Minister Amit Mitra said.

He was speaking at Bengal Global Business Summit 2016- Investment Roadshow, organised by FICCI and West Bengal government here.

Open discussion

Mitra along with top state bureaucrats had an open discussion with six industrialists namely -- Harshavardhan Neotia of Ambuja Neotia Group, Sidharth Birla of Xpro India, Rajan Bharti Mittal of Bharti Enterprises, Y K Modi of Great Eastern Energy Corp, R V Kanoria of Kanoria Chemicals & Industries and Puneet Dalmia of Dalmia Bharat Group.

A similar road show will be conducted in Mumbai in the coming days, he said.

He said the state is growing at a faster rate than the country's because of a combination of hard work, pragmatic hardline direction and connect with the poor.

Further, Mitra said that state government has brought down fiscal deficit from 4.12 per cent to 3.08 per cent since it took charge and for the current fiscal, West Bengal targets to cut it further to 1.87 per cent.

Mitra also said that the present government has brought down the revenue deficit from 3.65 per cent to 1.7 per cent in 2013.

He said the previous government had a negative capital expenditure of (-)26 per cent, which meant no capital formation and asset creation was happening.