(Aditya Shaw, Intern Journalist): Bengal Finance Minister Amit Mitra, while dismissing allegations that the Bengal Global Business Conference (BGBS) was not important, told Governor Jagdeep Dhankhar that this annual conference has helped improve GDP and attract investment in the state. In fact, expressing concern over the alleged financial irregularities in organizing the business conference, the Governor had sought information from the state government about the expenses incurred in the ceremony.
Dhankar had last month sought information about the actual investment made under BGBS and the jobs created and its achievements. “You know we came to power in 2011,” Mitra said in a detailed reply to the governor through a letter. Our government was already heavily burdened with debt. Our economy was staggered and huge capital had gone out of our state. “
In a letter written on September 24, the Finance Minister said, “In a few years, we were able to bring the economy back on track.” The debt-to-GDP ratio has been steadily reduced. New investment started in small, medium, and large industries, which increased the government’s revenue and also created employment opportunities. “The letter was released to the media on Wednesday.
Mitra said that the government decided to start the Bengal Global Business Conference, so as to attract investment and generate employment. Referring to Prime Minister Narendra Modi’s speech at the NITI Aayog, Mitra said that BGBS has been appreciated nationally and globally for its “different innovative approach” in attracting investment from across the country and the world. Modi had praised the states for organizing the investment conference.
He said that due to BGBS, investment proposals of Rs 12,32,603 crore were received between 2015 and 2019. The Minister said that between 2015 and 2018, about 50.27 percent of investment proposals are in the implementation stage. These investments have created 28 lakh jobs. He said that the state’s GDP increased from Rs 4.6 lakh crore in 2010-2011 to Rs 12.5 lakh crore in 2019-20 due to the influence of developmental policies and BGBS.
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