Increased investment in Bengal: Success tales from businesspeople
Dr. Amit Mitra, Principal Chief Advisor to the Chief Minister of the Government of Bengal, provided information on the profitable investments being made in the state of West Bengal at a news conference that was held at The Taj Palace in New Delhi on August 23 in advance of the Bengal Global Business Summit.
A careful balance has been struck between capital investment, the growth of physical infrastructure, and the diversification of industry, all with the main objective of generating livelihoods and employment for the Bengali people. Mitra noted, “An investment of Rs 1 Crore generates 37 jobs, and Bengal’s banks have invested Rs. 1.28 Lakh Crore,” picturing the significant employment prospects created.
Seven business owners from both domestic and foreign firms who have seen a rise in investment in Bengal were there to share their success stories.
Wow Momo, an Indian restaurant brand with Bengali roots, presently has 650 locations. Sagar Dariyani, the creator, expressed his thanks to the Bengali government for creating a supportive business climate. Currently, Bengal-based Wow Momo is India’s biggest domestic quick-service restaurant brand.
The healthcare industry in Bengal is also expanding. The availability of affordable healthcare in Bengal has led to an increase in medical tourism, according to Rupak Barua, CEO of AMRI hospitals.
Mitra noted that new industries are developing and that investments in Bengal are on the increase and would continue to climb.
In Bengal, TATA Steel has increased its investment significantly. Given the 295 rivers that Bengal has in plenty, TATA has forayed into ports, shipping, marine agencies, and motorways to assist its multimodal logistics operations.
According to the NIPFP database, West Bengal has ranked first among all states in reducing its debt-to-GDP ratio.
It’s important to note that the government of Bengal has made considerable expenditures in the field of social services. In comparison to Rs. 6,846 in 2010–11, projected investments are expected to reach Rs. 82,180 Crore in 2023–24. Steel, gold, shrimp, human hair, and other exports from Bengal have all seen considerable increases in recent years.
