Chairman of the Ambuja Realty Group Harsh Neotia said, "The government has shown urgency and energy to push for peace in Junglemahal and Darjeeling. This will create a positive climate for development."
He also said it was positive that the new government has made certain laws to hold land in excess of ceiling limit for approved industrial projects.
Industry minister Partha Chatterjee has said that by amending section 14Y of the Land Reform Act by which enterprenuers could acquire and hold land beyond 24 acre for industrial purpose, the combined potential investment could be anywhere between Rs 90,000 crore and Rs 1,10,000 crore by 128 companies.
JSW alone is planning to invest Rs 20,000 crore in the first phase for a three-million tonne steel plant of a proposed 10 million integrated steel project in phases at Salboni in West Midnapore district.
"We cannot expect a miracle in one year. But it has resolved the 14Y issue which was hanging fire for long," Shyam Steel director Lalit Beriwala said.
Chairman of the RP-Sanjiv Goenka Group Sanjiv Goenka said, "It is a good year. We are committed to invest in the state."
Asked whether the state government's land policy would be a hindrance for investment, he told PTI from the US, "You cannot see one specific thing that way. You have to see the whole package. I will invest in West Bengal."
CII member and president of Bengal Chamber of Commerce Harsh Jha, however, said that the perception of state had not changed with the change in government.
"It has failed to change the perception about West Bengal being not a safe or easy place to do business," Jha said in a statement to PTI. MORE
