Kolkata, March 11 (IANS) The approach to industry and the corporate outlook of West Bengal need more clarity to attract meaningful investment in the state, an industry official said on Wednesday.
"We are yet to see credible outcome from the government and clarity is needed from the (state) government to leverage business here," head of global wealth management from the Edelweiss Financial Services (EFSL) Anshu Kapoor told mediapersons here.
He said the valuation of mutual fund assets alone from the state is to the tune of Rs. 62,000 crore and the agro industry is also coming up well.
"However, the state government needs to lay down it's priorities in the industrial sector clearly for any fruitful outcome," he said.
The company's associate director and research head Vinay Khattar said while uprooting the 34 years of communist rule, chief minister Mamata Banerjee had acquired the image of not being industry-friendly which is further dampening the spirit of investment and industry here.
"On top of her (Banerjee) image of not being industry friendly, the state also has a heavy debt burden", he said.
However, he said the state's GDP growth and cost-cutting measures adopted by the government have helped in increasing the net earnings. In 2013-14, Bengal witnessed double-digit GDP growth at 14.14 percent.
The company also said the focus on boosting the MSME segment will take time to translate into action and the period may stretch from one to one and a half years.
WPL 2024: UP Warriors' most expensive player out of the tournament, franchise announces replacement
The 11th match of the Women's Premier League 2024 was played between UP Warriors and Royal Challengers Bangalore on Monday, in which RCB won by 23 runs. UP Warriors suffered a big setback during this
Petrol Diesel Price Today: Petrol crosses Rs 121 per liter in this district of Madhya Pradesh, diesel price reached Rs 110
Petrol Diesel Price Today: For the first time in Anuppur district bordering Madhya Pradesh, the price of petrol crossed Rs 121 per liter on Saturday, while the price of diesel reached Rs 110.29.
All new national highways will have helipads, and with the help of this, immediate help will be provided: Scindia
Civil Aviation Minister Jyotiraditya Scindia has said that all new national highways to be built in the country will have helipads. Through this, immediate help can be provided in case of emergency.
India-Australia Virtual Summit: PM Modi said - our strong relationship is necessary for Indo Pacific and the whole world
New Delhi. Prime Minister Narendra Modi and Australian Prime Minister Scott Morrison held talks today during the first India-Australia Virtual Summit. The Heads of State of the two countries attended
Heavy Rain: Heavy rains affected life in Kerala, red alert in eight districts
Incessant rains in Kerala for the past two days have thrown life out of gear. At the same time, the Meteorological Department on Thursday issued a red alert of heavy rain for eight districts till
First Quarantine The Politics On The Corona, Accusations About The Epidemic Like Playing With Fire: WHO Chief
Washington / Geneva. The World Health Organization (WHO) has appealed to all countries to stand united against the spread of coronavirus spread around the world. US President Donald Trump has accused
Naval plane crashes near Goa, two missing
Panaji, March 25 (IANS) A Dornier surveillance aircraft of the Indian Navy with three personnel on board crashed into the Arabian sea, some 20 miles off the coast of Goa late on Tuesday, officials
Covid-19 in China: After South Korea, China now imposes restrictions on Japan, ban on citizens' visas
Chinese embassies have stopped issuing new visas for South Korean and Japanese citizens amid increasing cases of corona in China. Let us tell you that recently some countries have imposed restrictions
Ramayan Film: Video of the set of Ranbir Kapoor's 'Ramayan' goes viral, so many crores spent to show Ayodhya?
Ranbir Kapoor is in the news these days about his upcoming film 'Ramayana'. Every day some news related to this is coming out. Ranbir's fans are eagerly waiting for this film. It is said that Ranbir
Cryptocurrency: Decline in the digital currency market, Uniswap raises hopes, jumps 3 percent
Cryptocurrency markets around the world are seeing a decline on Monday. During this period, the world's largest cryptocurrency, Bitcoin, fell by up to one percent. Bitcoin is currently trading at