Private Briefing: Chief Minister of West Bengal

West Bengal is the sixth largest economy in India. Strategically located, bordering Bangladesh, Bhutan and Nepal, with proximity to Myanmar, the state of West Bengal is a key gateway to Southeast Asian markets. It has abundant natural resources and a growing IT sector. However, it lags behind in infrastructure development.

Mamata Banerjee, the current and 8th Chief Minister of West Bengal, will brief Asia House corporate members on West Bengal’s economic prospects and the steps the government of West Bengal is taking to make the state a more attractive investment destination.

West Bengal has historically been a highly indebted state owing to poor tax collection and large amounts of state revenues being used to pay back interest on debt. Under the leadership of Mamata Banerjee, the state government is making efforts to encourage higher revenue mobilisation and enhance capital expenditure. The state is undergoing a major deregulation drive to make doing business in the state easier, faster and more transparent. Upgrading social infrastructure is running parallel to strengthening industrial infrastructure. Attractive incentive packages and regulations have also been introduced to attract investment.

Banerjee created history in the state with a sweeping victory in the 2011 Legislative Assembly Elections of West Bengal that uprooted the 34-year-long Left Front government led by the Communist Party of India. This marked the end of the longest ruling democratically elected Communist party in the world.

In May 2013 she was voted by the largest anti-corruption coalition of India, India Against Corruption, as the most honest politician in India. Time magazine in 2012 named her as one of the 100 Most Influential People in the World.

Mamata Banerjee is the current Chief Minister of West Bengal and the first woman to hold the office. She also holds the record of being the first woman Union Cabinet Railways Minister of the nation, serving the post twice. She is the chairperson of All India Trinamool Congress Party which she founded in 1997 after splitting from the Indian National Congress. She is a seasoned politician having also served as Union Cabinet Minister of Coal and Mines and as Union Minister of State for the Human Resource Development in the Department of Youth Affairs and Sports; and Department of Women and Child Development.

Mamata Banerjee is leading a delegation of top industry and business leaders with senior representatives from her government to London.

This event is being held in partnership with KPMG.

This event is open to Asia House corporate members only.

For further information, please contact: Jeremy Wimble, Business & Policy Team at jeremy.wimble@asiahouse.co.uk or call 0207 307 5439.