Bengal shines in London, thanks to the initiatives of WB CM

West Bengal Chief Minister Ms Mamata Banerjee truncated her visit to London by a day because of the natural calamities in Bengal. That did not stop the 5-day visit to UK from being a success.

As the Chief Minister had said before leaving on July 25, this visit helped a lot in dispelling myths about West Bengal and gave the State an image-makeover.

 

MoUs signed

The delegation to the UK clinched 21 MoUs with the UK in the fields of industry, health, education and urban development.

The agreements were signed during a bilateral meeting with Britain’s Minister of State for Employment and British Prime Minister David Cameron’s Indian Diaspora champion Priti Patel at a reception hosted at the Foreign and Commonwealth Office (FCO) in London on July 26.

 

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WB CM with delegates at the British Foreign Office

 

“This is a landmark visit… These MoUs will help bring the UK and West Bengal ever closer, and unleash the potential of our relationship,” Patel said in her address.

“If you say London is the (financial) capital of the world, I say Bengal is the human capital of the world,” WB CM said in her address.

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Come to Bengal, Ride the growth

Speaking at a gathering of British and Indian business delegates, organised by the UK India Business Council (UKIBC), the Finance and Industries Minister Dr Amit Mitra assured British investors that the government has taken steps to bring down the labour strikes to zero levels, as it made a strong case for attracting investments.

“We are setting up systems in place. There has been a radical shift since 2010-11, when 7.6 lakh work days were lost [due to labour strikes]. By 2013, the number of working days lost came down to zero. It takes time for mind-sets to change but please come to Bengal and we can assure very clear worker management processes,” he said.

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WB CM taking a walk by the Thames

 

Letter from the UK PM

UK PM David Cameron, who could not be in London because of a foreign visit, sent a letter to West Bengal Chief Minister Ms Mamata Banerjee on Monday apologising for his absence. “I wish you a successful and rewarding visit which will help forge the close ties between UK and Bengal,” reads an excerpt from the letter.

“My message for the British PM is that he must visit Kolkata again soon and see that it is truly the gateway to the east,” WB CM said in response to the letter.

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Reception at Buckingham Palace

Mamata Banerjee on Monday became the first chief minister from an Indian state to get an official reception at Buckingham Palace, Britain’s most iconic address. Prince Andrew hosted an evening tea for the Chief Minister at the house of the monarch.

 

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WB CM at Buckingham Palace with Prince Andrew

 

The Chief Minister had a 40-minute one-on-one interview with Prince Andrew, who described her as “a very dynamic leader, leading a dynamic government, sowing the transformation of Bengal”. The prince, it was learnt, has gifted the chief minister a bag with motifs of Buckingham Palace on it.

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WB CM wins hearts at Asia House, UK

The West Bengal Chief Minister invited the members of Asia House, London – the probable investors – to come and scout the State for exploring investment opportunities.

She received a standing ovation from the members of the Asia House who admitted that they were mesmerised by her speech and were glad to know about the investment opportunities in Bengal.

 

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WB CM at Asia House, London

 

“The state is undergoing a major deregulation drive to make doing business in the state easier, faster and more transparent. Upgrading social infrastructure is running parallel to strengthening industrial infrastructure. Attractive incentive packages and regulations have also been introduced to attract investment,” said a note on the Asia House website.

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The London trip got a lot of praise from the media too. Here is an article praising the initiatives of Mamata Banerjee to attract investments for Bengal.

Bengal’s best foot forward with Mamata’s London trip

Didi’s London Trip

  • Mamata Banerjee attended an interactive private dinner with UK investors
  • Discussions focused on how to increase UK investment in West Bengal were held
  • UK businessmen voiced their concerns about labour issues, urban development, speed of clearances and approvals
  • MoUs were signed with the University of Cambridge, East Anglia and SOAS

 

The death of India’s much-loved former President APJ Abdul Kalam truncated West Bengal Chief Minister Mamata Banerjee’s 4-day programme in London. As a mark of respect all public engagements were cancelled.

Mamata Banerjee left London last night, a day ahead of schedule as ‘the possibility of a cyclone’ hitting Bengal loomed.

22 MOU were signed, which covered four areas: industry, healthcare, education and smart cities.

The first day saw 250 people at the business seminar in the afternoon. It was an interactive discussion with the UK and West Bengal businesses asking and answering the questions that emerged.

Those present say businessmen from Bengal did a great job selling the state. Both business and the state government sent out the same positive message. Businessmen from the UK voiced their concerns about labour issues, urban development, speed of clearances and approvals. Their fears were brushed aside by businessmen from Bengal, who assured them that ‘bandhs’ or forced closures were now a thing of the past and this government was serious about business.

 

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West Bengal Chief Minister Mamata Banerjee with UK Minister of State for Education Priti Patel

 

That evening, the event at the Foreign Office was also over-subscribed. The UK Minister of State for Education, Priti Patel, who had met Banerjee in 2013 when she visited Kolkata with the British Prime Minister David Cameron, welcomed her to London and offered continued partnership. The Chief Minister responded with a speech that drew applause, “London is the world’s financial capital, and West Bengal is the world’s human capital.”

One of those present at the meeting says, “It was very personal, showing her love of Bengal and her belief that the UK is the right partner, not least because we have such a strong shared cultural and historical connection.”

 

Wooing UK Investors

 

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  MoUs and other business documents between UK and Bengal were signed

 

Mamata Banerjee also attended an interactive private dinner with UK investors, hosted by Patricia Hewitt, Chair of the UK India Business Council. It gave the Chief Minister and select members of her team an opportunity to closely interact with UK investors. Banerjee had a proposition for each of the UK businesses that attended. A plan was drawn up to further develop these relationships.

Interestingly, a potential British investor was heard saying at the dinner that night, “Until today, West Bengal was not a priority area in India for us, but it is now.”

Kevin McCole, UK India Business Council’s Chief Operating Officer points out:

“Although the shortened programme meant there was only one full day of activity, it was a hugely impactful day. The Chief Minister, by bringing such a strong business delegation, has set the bar high for other Indian states looking to attract investors. And the highly interactive nature of the business conference – no speeches and no powerpoint – has redrawn the model for how these events are delivered. UK investors were impressed by her can-do attitude. They were also impressed by the message the Chief Minister gave in her speech at the evening event. It was full of passion, compassion, humility and humour.”

 

There was also a focused round table, led by the Industries Secretary and the West Bengal Industrial Development Corporation (WBIDC), Managing Director on the mining and natural resources sector. Ten current and potential UK investors held a discussion, which focused on how to increase UK investment into the state. Among the subjects discussed, was the need to create a UK-WB public private partnership mining engineering training institute, another was modifications to the Government of India’s public procurement processes to make it more commercially viable for companies to set up in India to service the market.

 

MoUs with UK Universities

 

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Exchanges on investment and other collaborations between United Kingdom and Bengal were held

 

On the education front too, there was a sense of satisfaction. MoUs were signed with the University of Cambridge, East Anglia and SOAS . Presidency University’s Vice Chancellor Anuradha Lohia was overwhelmed with the support she received from the state government, “Our CM would like to make Bengal an education hub and create a huge resource of skilled manpower.”

“Mamata di’s ability to connect with every member of the delegation was exemplary. She was constantly chatting with all of us during the flight, looking after everyone’s food and comfort while conducting her business. She is an amazing walker.She walked constantly at Kolkata and Delhi airports. She walked 10 to 12 kms every morning, often leaving her companions trailing far behind. Inexhaustible, full of affection, energetic and enthusiastic.”

 

Once she returns, the Chief Minister and her team will have to work doubly hard.

“The stage has now been set for more UK investments in Bengal. But it will require follow up by both parties, and we hope that a further delegation from West Bengal in the autumn will generate a strong return delegation to Kolkata for the investors summit in January.”

 

Bengal certainly seems to have put its best foot forward. Now it needs to take brisk steps and regain lost ground.

 

(The writer, Payal Mohanka, is a Kolkata-based senior journalist. The article was first published on The Quint, July 30, 2015)

A musical museum to come up soon in Bengal

One of Asia’s biggest museums on musical instruments will soon come up in Bengal. Mamata Banerjee and her delegation have tied up with Britain’s iconic Horniman Museum to set up a museum of musical instruments in Bengal.

Horniman has the world’s most exhaustive collection of instruments from across the world. It houses over 8,000 objects made to produce sound.

The oldest is a pair of bone clappers in the form of human hands made in Egypt around 3,500 years ago. Electric guitars and synthesizers are among the most recently acquired.

Bengal Finance Minister Dr Amit Mitra said on Wednesday they “discussed the plan to set up a musical instrument in Kolkata. This museum will house a large collection of musical instruments from Bengal. The state’s efforts to pre serve folk art and its musical instruments in Bengal were shared with the museum. The musical instruments gallery at Biswa Bangla Haat in Rajarhat could be the starting point of this collaboration.”

 

Image: Horniman Museum in London (source)

WB CM wins hearts of investors at Asia House, London

The West Bengal Chief Minister invited the members of Asia House, London – the probable investors – to come and scout the State for exploring investment opportunities. She asserted that during the last four years, the infrastructure in the State has become business-friendly in comparison to the past years.

West Bengal Chief Minister Mamata Banerjee highlighted the economic advantages of West Bengal and investment opportunities in the state during a private briefing held at Asia House.

The topics discussed included infrastructure development in the state, incentives for foreign businesses to invest, the state’s relationship with the Centre, efforts to cut bureaucracy and tackle corruption, the state’s workforce and West Bengal’s historic ties with the UK.

“I am not from a business background, I am a street fighter. You know better, Bengal is ready for investment. Perception of Bengal has to change and is changing. That is why I am here in London to meet you,” the West Bengal Chief Minister said at the meet.

She received a standing ovation from the members of the Asia House who admitted that they were mesmerised by her speech and were glad to know about the investment opportunities in Bengal.

The Corporate members represented at the table included Anglo American, KPMG, Barclays, Nikkei, BP, PA Consulting, PwC and Standard Chartered. The private briefing was held in partnership with KPMG.

Prominent UK industrialist keen to set up sports car hub in Bengal

Prominent UK investor Lord Swraj Paul-led Caparo Group may set up a compact sports car manufacturing unit in the state.

With West Bengal Chief Minister Ms Mamata Banerjee by his side, Lord Paul said on Wednesday that his company is looking forward to integrating its auto ancillary business. Currently the group is working on the design of a low-end sports car for the Indian and Asian market.

The Caparo group has business interests in the manufacturing and marketing of car bodies, steel sheets and other auto engineering products. “This project is currently at the R&D stage. We have entrusted British Formula One giant McLaren with its design. If all goes well, India would be the place where I plan to set up its manufacturing base,” Paul said.

When asked, if Bengal would be his preferred choice, Paul replied: “West Bengal would certainly have the first rights of refusal.”

Bengal growth story not highlighted on national scale: Amit Mitra

Interview of Dr Amit Mitra, Hon’ble Industries & Finance Minister, West Bengal

Q: Is Bengal suffering from a perception issue?

Dr Mitra: Bengal’s reality has changed a lot. It is not being shown on national scale. Bengal’s GDP is growing at 10%. The state is surging ahead in every field, be it agriculture, services or industry. Our slogan is “Come to Bengal, Ride the growth”.

 

Q: Is WB Govt suffering from communication issue?

Dr Mitra: Media channels are the main source of communication. Some local media channels do not want to show the Bengal growth story.

 

Q: What is the sales pitch of Bengal in UK?

Dr Mitra: We will highlight all the macroeconomic parameters. Investment proposals worth Rs 84000 crore are already underway. If you take our statistics that I have submitted in the State Legislative Assembly, there will be a lot of heads turning.

Changi airport and SAIL are taking up projects which will not only help in infrastructure but also generate employment. We have land in 38 industrial parks. 4500 acres of land are ready for industries. All departments together have 100000 acres of land which can be put to judicious use.

We have an analytics park coming up at Kalyani. AIIMS-like hospital and several universities in the pipeline too. All this is coming up on government land. We have cleared 7500 acres of private land which is vested and already in the market. The largest technology park of the Central Govt is coming up in Kolkata.

Five tea estates belonging to State Government, which were lying closed for a long time, have been given out in transparent, competitive manner. The transition of the tea estates also saw 100% employee retention. Haldia Petrochemicals is receiving 95% capacity even as stake sale process is underway.

We have applied our minds and are moving ahead at a fantastic pace regarding the issue of land and SEZ. Research shows that SEZs are not sustainable in India which have become a playground for real estate.

Bengal is a power-surplus State now. NTPC is taking up power projects in the State. Bengal is water-surplus State, thanks to the Jal Dharo Jal Bharo project.

The MoUs that will be signed in London are across the board and will encompass all major small and large industries.

 

Q: Will you change your FDI policy?

Dr Mitra: We will not change our policy. Let me be clear because it is our commitment to the people. We have a mall in the heart of Kolkata which is the highest rated mall in India. So who is against business houses setting up shop? We welcome companies to enter Bengal.

We have eased the process of doing business. One of the biggest problems was mutation. WB CM has put a 30 days limit for the process.

West Bengal Government received award from Central Govt for e-taxation. We are the only State in India to go cheque-free in taxation.

Kanyashree is a revolutionary programme where 22 lakh girls have been registered for financial assistance to pursue education and got appreciation from United Nations as well.

WB CM invited to USA to showcase Bengal

The US-India Business Council has invited West Bengal Chief Minister Ms Mamata Banerjee to visit USA to showcase Bengal as an ideal destination for investment.

West Bengal Finance and Industry Minister Dr Amit Mitra said that the USIBC chairman appreciated the industrial environment prevailing in the state.

It is a fact that West Bengal offers tremendous opportunity for global investors to leverage from local skilled resources to proximity to Bangladesh and the ASEAN nations for increased manufacturing and trade. To improve investment in the State and increase skilled job creation are objectives that have been focused upon.

The USIBC has also proposed organizing individual Senior-level meetings and summits in multiple cities to increase the awareness about the opportunity and benefits of investing in West Bengal.

The USIBC has partnered with the major trade bodies in India, including the Confederation of Indian Industry, Federation of Indian Chambers of Commerce and Industry, American Chamber of Commerce in India (AmCham India), National Association of Software and Services Companies, Indus Entrepreneurs and the Indo-American Chamber of Commerce.

Incidentally, the Chief Minister is expected to visit UK and have a meeting with the British Prime Minister Mr David Cameron later this month.

Videocon to set up mobile making unit in Bengal

The Videocon Group will invest approximately Rs 50 crore to set up a mobile handset making facility in West Bengal. This was announced after senior functionaries of the company met West Bengal Finance and Industries Minister, Dr Amit Mitra at Nabanna.

According to Anirudh Dhoot, Director, Videocon, the assembly unit will come up at its existing facility at the IT Township of Salt Lake, on the north eastern part of the city.

Another Rs 100 crore, sources said, will be spent in ramping up its Phulbari facility in Jalpaiguri district. The facility located in north Bengal caters to computer peripherals and assembly of devices.

According to sources, around Rs 25 crore has already been invested in the facility. The remaining amount will be spent towards expanding the facility and include manufacturing of mobile accessories and peripherals like batteries and chargers.

Chinese tour operators to visit Bengal tourist spots for international promotion

Around 20 tour operators from Kunming in China are coming to see the tourist spots of the West Bengal to promote tourism from that country to Bengal.

State Finance Minister Dr Amit Mitra recently led a delegation to participate in the third China South Asia Business Forum and Expo that was held from 11 to 13 June at Kunming to showcase Bengal as an investment-friendly state.

Dr Mitra said Chinese tourists go for bulk bookings. “We hope that the Chinese tour operators find the state a prospective tourist destination and inflow of Chinese tourists to Bengal increases,” he said. Moreover, there is a direct flight between Kolkata and Kunming and the journey takes just around two hours, he added.

This apart, the State Government has been allotted space in an industrial park in Kunming to showcase handicraft products from Bengal. It will be a permanent stall and it will help in making Bengal products available in Chinese markets.

WB Govt paid Rs 76000 Cr on debt servicing, a legacy of Left: Amit Mitra

West Bengal Finance Minister Amit Mitra said that in the last four years, the Trinamool Congress (TMC) government had to spend Rs 76,000 crore on debt servicing, a legacy of the erstwhile Left government.

In real terms, the present government has taken only Rs 6,000 crore loans in the last four years, which was a very meagre amount compared to the previous government, he said.

The Chief Minister, Ms Mamata Banerjee has maintained that she inherited a huge debt left behind by the erstwhile Left government.

Dr Mitra explained how the state government had been able to multiply expenses in the sectors like social infrastructure, development of physical infrastructure, state plan expenses and capital expenditure.

The government has been able to raise the growth of Gross State Domestic Product (GSDP) above 5 per cent successively in the last four years of TMC rule as against below 5 per cent registered by the previous Left regime.