Chowdhury termed the West Bengal governments initiative to attract investments by organising business summit every year as a "complete waste of public money".
"Every year crores of rupees are being wasted in the name of business summit. But the state government has never given a complete report on how many proposals have fructified. Every year the state government tries to fool every one in the name of business summits," Chowdhury said.
He alleged the state government's unrealistic and stubborn attitude is the main roadblock in the path of industrialisation in the state.
Stating that industrialisation cannot take place by only by inviting industrialists, Chowdhury said the government should clearly state its policies and position on governance and work culture.
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"No industrialists will come to the state where they have to pay bribes to goons and party leaders to set up industries," he said.
Chowdhury's comment comes in the backdrop of the ongoing two day Bengal Global Business Summit in the city.
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