The Economic Advisory Council member, Sanjeev Sanyal, highlighted Kolkata’s revival as crucial for uplifting the eastern region of India, which lags economically behind the west. Sanyal emphasized the need for a high-growth hub in eastern India, with Kolkata being a potential candidate due to its historical significance and existing clusters. Industrialist Sanjiv Goenka expressed optimism about West Bengal’s future under a stable government, foreseeing increased investor confidence and fresh investments.
Goenka stressed the importance of creating a business-friendly environment in West Bengal to attract talent and capital, moving away from concerns of outward migration. He underlined the significance of policy consistency for industry growth and called for structural reforms to eliminate outdated regulations hindering development, such as urban land ceiling laws.
