Prepare policy before investors meet, industry
tells Bengal
Monday January 28, 2013 07:33:51 PM,
Mithun Dasgupta,
IANS
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Kolkata: With the West
Bengal government postponing its Feb 13 industry meet in Mumbai,
the business community has warned that unless the state finalises
its industry policy, the event would end in a whimper.
Chief Minister Mamata Banerjee, in a speech at a recent investors'
summit in Haldia, had said another industry meet would be held in
Mumbai. But Industry Minister Partha Chatterjee later said the
meet would be deferred due to lack of preparation and because the
chief minister would be busy ahead of the state budget.
The three-day 'Bengal Leads' in Haldia during Jan 15-17 saw a
lacklustre response from industry captains. The new industrial
policy was expected to be announced at the meet but was not.
"My suggestion to the Bengal government is that it should prepare
the policy before the Mumbai meet to showcase the state as an
attractive investment destination. The government should show
entrepreneurs what it is going to offer," Bengal Chamber of
Commerce and Industry president Kallol Datta told IANS.
"We are waiting for the new industry policy," said Datta, also
chairman and managing director of engineering company Andrew Yule,
a public sector undertaking.
Bengal National Chamber of Commerce and Industry secretary D.P.
Nag said the new industry policy would help the government woo
investors and it was imperative to prepare it first before going
for any meet.
"It will surely help the government in Mumbai and other places
where such events are going to take place," Nag said.
Tata Steel Processing and Distribution managing director Sandipan
Chakravorty said the industrial policy should clearly include
policies of land, labour, infrastructure and monetary matters.
"We will expect the government to come out with specific policies
regarding land, labour and infrastructure. The industrial policy
should also have a monetary policy to tell probable investors from
where they are going to get loans," Chakravorty said.
He said that about a month ago, industry experts gave the state
their recommendations for the policy as asked by the industry
department. "I think it is still in the discussion stage."
Industry sources told IANS that one of the reasons behind the
Banerjee government's decision to defer the Mumbai meet might be
its inability to finalise the policy.
"The draft of the policy is ready. But there has been some
internal debates going on regarding some clauses. So the chief
minister has not yet okayed it," a lobbyist told IANS on condition
of anonymity.
"It is one of the main reasons for the postponement of the event,"
he said.
Asked whether the deferment of the event date would have any
impact on probable investors, he said: "Who is bothered?"
Banerjee and her government have so far been facing an uphill task
to woo investors to West Bengal as the state's land policy has
drawn flak from entrepreneurs. The policy has taken out the
state's role in land acquisition for industrial projects and asked
industrialists to buy directly from landowners.
(Mithun Dasgupta can be contacted at mithun.d@ians.in)
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