1 hr ago
Neotia Sees Bengal Investment Optimism Amid Calls for Easier Clearances
Harshavardhan Neotia thinks more people are becoming hopeful about investing in Bengal.
He said new government and private infrastructure projects could help the state attract money.
Possible Adani Group projects include improvements to Kumortuli Ghat and Writers’ Buildings, plus a large hospital in New Town.
Neotia said businesses face delays because they must get many permissions one after another.
He wants one faster system for approving projects.
He also said land rules should be reviewed so companies can obtain land more easily.
Neotia believes Bengal could grow in technology, artificial intelligence, robotics, biotechnology and tourism.
He said better infrastructure might encourage workers in other Indian cities to return to Bengal.
Harshavardhan Neotia said optimism about investment in Bengal is growing inside and outside the state.
He pointed to Centre-assisted infrastructure projects involving metros, railways, airports, roads and bridges.
Neotia cited likely Adani Group projects including work at Kumortuli Ghat, Writers’ Buildings and a New Town hospital.
He urged Bengal to establish a single-window clearance system operated through the Chief Minister’s Office.
Neotia called for reviewing land laws and focusing on sectors including information technology, artificial intelligence, biotechnology and tourism.
- Who
- Harshavardhan Neotia, chairman of the Ambuja Neotia group, discussed Bengal’s investment prospects.
- What
- Neotia called for faster project clearances, changes to land laws and greater investment in Bengal.
- Where
- The discussion concerned Bengal, with comparisons to Assam and other Indian cities.
- When
- The comments were made in an interview with My Kolkata; the date is not stated.
- Why
- Neotia said easier clearances, more flexible land rules and stronger infrastructure could attract investment and enable growth.
Key facts
- Speaker
- Harshavardhan Neotia, chairman of the Ambuja Neotia group
- Investment outlook
- Neotia said there is optimism about Bengal both within and outside the state.
- Infrastructure
- Centre-assisted projects mentioned include metros, railways, airports, roads and bridges.
- Likely Adani projects
- Renovation of Kumortuli Ghat, Writers’ Buildings and a 2,000-bed hospital in New Town.
- Clearance proposal
- Neotia wants a single-window system for projects to operate through the Chief Minister’s Office.
- Land-law proposal
- He advocated reviewing or abolishing the Land Ceiling Act and Thika Tenancy Act.
- Priority sectors
- Information technology, artificial intelligence, robotics, biotechnology, tourism and medical tourism.
Quotes
Harshavardhan Neotia
Chairman of the Ambuja Neotia group
“Many things in government are sequential. If 20 permissions are required for a project then those have to be obtained one after the other. It takes an inordinate amount of time. The process ends up becoming a punishment and by the time the project comes through the investors have lost interest.”
telegraphindia.com
“There is a fair amount of optimism, not just in the state. There is optimism even among those outside who are now a little more open-minded while looking towards Bengal.”
telegraphindia.com
Sources
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