Natural resources need to be utilised | kolkata | Hindustan Times
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Natural resources need to be utilised

I would like to see the new government catalyse investment and accelerate growth in the state. We need to push ahead on the development front.

kolkata Updated: May 14, 2011 17:19 IST
Harshavardhan Neotia

I would like to see the new government catalyse investment and accelerate growth in the state. We need to push ahead on the development front.

Over the past two centuries, Bengal has been known for its vast intellectual resources and cultural heritage. Our rich talent pool can be harnessed effectively by giving further emphasis to information technology businesses, tourism, healthcare and education.

Investment in infrastructure, particularly state highways, needs to be a priority with this government.

We have abundant natural resources in the sectors of iron and steel, tea and jute that can work towards our state’s advantage. These are the sectors where investments can be made and has a huge potential for growth.

Because of the Gangetic plain and the rich agricultural tradition, we have great opportunities in food processing. Unfortunately, not much development has taken place in this sector. Fishing is also another important but neglected area which has the potential to attract investors.

In view of the political uncertainty in the state over the last few years, some investors particularly those from outside the state, have adopted a wait and watch policy.

Hopefully, with the new government taking on the reins, with a clear and decisive mandate in place, political uncertainties would be over in no time and this stability will give us an opportunity to bring back these investors to the state. An effective system of single window clearance will go a long way in encouraging investment and their speedy implementation.

Harshavardhan Neotia is the chairman of Ambuja Realty

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