Investments of Rs 47,000 crore under implementation

Industrialisation in West Bengal is not on the back burner as investments of Rs 47,500 crore are in various stages of implementation.

Click here for Cloud Computing

Also Read   Related Stories News Now - He came, he saw, he left - Mukul Roy refuses to share dais with Bengal ministers - One step forward: Bengal to buy land for private projects again - North Bengal buoyant as tea gardens yield bonus - Nirupam calls for political solution to Singur deadlock - We'll return Singur land if state compensates us: Tata

Also Read   Related Stories News Now - Markets end lower on profit booking - GM reports weaker-than-expected profit - Israel steps up security for its diplomats - Price revisions, hiking output key to profitability for Coal India - LIC to pick up to 5% stake in Punjab & Sind Bank More

However, without dwelling on the political uncertainty leading to derailment of Bengal’s industrialisation, Sen said that some positive lessons had emerged from the debate surround industrialisation and the state government was taking corrective measures.

“If one has move from the seat of power due to industrialization it should not be concluded that the state does not need industrialization,” he said. West Bengal municipal affairs and urban development minister, Ashok Bhattacharya, urged the Trinamool Congress ministers of state at the Centre to take up the funding pattern of Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

Around 65 per cent of the investment in all JNNURM projects was funded by the West Bengal government while the balance was borne by the central government. Bhattacharya said, 50 per cent should be borne by the Centre. Bhattacharya’s suggestion was an oblique response to the BNCCI president, Sandip Sen’s speech. Sen said in his address, “Never before in the history on independent India, West Bengal was so well represented in the Centre. The voice of our state is now audible at the Centre. It is also hoped that a stable UPA government having comfortable majority, would be able to take up major reform measures, as required, to sustain growth in tune with global trends.”

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower on profit booking - GM reports weaker-than-expected profit - Israel steps up security for its diplomats - Price revisions, hiking output key to profitability for Coal India - LIC to pick up to 5% stake in Punjab & Sind Bank

Tags : BNCCI | Nirupam Sen | JNNURM   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  We live for our family. have you secured them? -  Office 365 for professionals and small businesses. -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...