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HindustanTimes Thu,28 Aug 2014

West Bengal not top investment priority, says US ambassador

HT Correspondent, Hindustan Times  Kolkata, May 22, 2013
First Published: 02:06 IST(22/5/2013) | Last Updated: 02:08 IST(22/5/2013)

US ambassador to India Nancy J Powell on Tuesday told Kolkata’s industrialists West Bengal was not the first location that came to mind when talking about business and investment.

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“They would think of Mumbai, Bangalore or Tamil Nadu perhaps. If it’s going to be policies, New Delhi would be the ideal location,” Powell said while addressing an audience of representatives from the different chambers of commerce in Kolkata. After Powell’s speech many in the audience avoided commenting on her observations, arguing enough had been discussed on this point, but to no avail.

“The remark is crucial as companies from any country sound out their embassy on any particular state before investing there,” said a Kolkata-based investor.

On Monday, Powell met chief minister Mamata Banerjee and tried to convince her about the merits of foreign direct investment in multi-brand retail.


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