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HindustanTimes Sat,25 Oct 2014

City biz fraternity rues ABG pullout

HT Correspondent, Hindustan Times  Kolkata, November 05, 2012
First Published: 13:40 IST(5/11/2012) | Last Updated: 13:44 IST(5/11/2012)

Italian entrepreneurs put Tamil Nadu and Pune way ahead of West Bengal in terms of establishing an automotive industry in the state. This was revealed during a talk and interactive session on “Furthering Trade Ties Between India and Italy” organised by Calcutta Chamber of Commerce (CCC) at a city hotel on Saturday.

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Reminding Tata leaving Singur in 2010 Erica Di Giovancarlo, Italian Trade Commissioner to India, said on Saturday, “We are not considering West Bengal in terms of flourishing automotive industry since this industry is already doing very well in other states like Pune and Tamil Nadu.”

Several Italian automotive companies like Ferrari, Maserati in India with Fiat as their predecessor debuting in 1899 are promoting their business across the country barring West Bengal.

Members of Indo-Italian Chamber of Commerce think Italian Trade Commissioner’s statement as obvious in the postABG massacre in the state.

“It’s not only about Italian entrepreneurs. No foreign investors consider West Bengal is worth of any value in terms of promoting any industry or business. So their comment was very much obvious,” said Pankaj Parekh, chairman of Indo-Italian Chamber of Commerce, to HT.

The members of CCC agreed on the issue of ABG leaving Haldia port having negative impacts on West Bengal’s image as an industry-friendly state.

“If an industry is moved out of our state then it will definitely have several negative consequences, same is with the case of ABG,” said Alka Bangur, CCC president.

Unanimous depreciation on issues of prevention of Foreign Direct Investment (FDI) by the state government was also evident from both CCC and Indo Italian Chamber of Commerce’s comments at the meet on Saturday.

“We expected a real change after this government took charge. But the situation still remains the same. Incidents like ABG leaving Haldia port and opposing FDI in West Bengal are glaring examples of it. These incidents give the foreign investors impetus to regard our state as worthless in terms of promoting industry,” Parekh said.


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