West Bengal Finance Minister Swapan Dasgupta highlighted the challenges faced by the BJP government in dealing with a significant debt inherited from the previous Trinamool Congress administration. Despite this, the government aims to transition the state into a more market-oriented economy.
Dasgupta emphasized the importance of balancing bureaucratic and political aspects while preparing the state’s budget. He mentioned the state’s substantial debt of Rs 8 lakh crore and outlined strategies to address it, including leveraging benefits from Central schemes and enhancing compliance.
The Finance Minister underscored the need for increased compliance and efforts to tackle issues like illegal sand mining and non-payment of royalties in certain sectors. He acknowledged the grievances prevalent in the state and emphasized the government’s commitment to restoring confidence among the people of West Bengal.
Dasgupta discussed the government’s focus on attracting business and industries back to the state, assuring investors of reliability and a conducive environment. He expressed confidence in Bengal’s industrial potential and the government’s determination to facilitate business growth.
Regarding infrastructural development, the Finance Minister highlighted plans to invest in ports and expedite projects like the Ludhiana-Dankuni freight corridor. He also mentioned the government’s intention to review outdated land laws to optimize land usage for industrial purposes.
