Singur verdict comes as a shot in the arm for Mamata

Image
Press Trust of India Kolkata
Last Updated : Dec 19 2016 | 6:13 PM IST
West Bengal, which is gasping for more industrial investments, the recent Supreme Court verdict on land acquisition for Tata Motors at Singur came as a morale booster for Chief Minister Mamata Banerjee.
Industry captains of the state, refusing to be identified, were of the view that the verdict was a big political victory for her, but the fate of future industrialisation of West Bengal might have entered the dark zone.
The verdict, which ordered that land acquired for the abandoned Tata Motors plant be returned back to the farmers, would thwart the possibility of any entrepreneur showing interest in making fresh investments here.
At the same time, there had been no announcement of any new investments in the state during the year.
The much-awaited entry of IT major Infosys in West Bengal have not materialised yet as the state government is reluctant to grant SEZ status which the company seeks for its project.
The same applies to the second unit of Wipro which is also stuck for similar reasons.
The tea industry, a major employment generator, is also suffering as many gardens are lying closed in north Bengal.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 19 2016 | 6:13 PM IST

Next Story