Money and prosperity are essential for everyone’s progress. Be it a home or a state, lack of money can have dire consequences. The Bharatiya Janata Party (BJP) has won with a big victory in West Bengal. But what we are going to tell you today is directly related to the progress of Bengal. Investment is very important for the improvement of the economy of any state. Talking about Bengal, investment has become the biggest villain in the progress of Bengal. Let us know how the condition of Bengal deteriorated without investment?
More than 6600 companies in West Bengal were closed or shifted to other states. This had a negative impact on the progress of the state. The country’s largest auto company Hindustan Motors plant has been closed since 2014. Similarly, the plant of another large company in Bengal, Dunlop India, has been closed for a long time. According to experts, when investment in a state stops, and existing investments also stop, the situation is bound to get worse. According to experts, the decline in Bengal’s industry is not due to any one company, but to the combined effect of non-updating of old industries, lack of new technology and lack of financial and policy coordination. As a result, many big companies in Bengal left Bengal and shifted to Gujarat and Maharashtra. A prominent example of this was Tata’s dream project Nano which Ratan Tata planned to develop in Singur, Bengal. However, after the project was cancelled in 2008, Nano was shifted to Sanand in Gujarat. Today, Sanand in Gujarat is known as one of the major auto hubs in the country. Similarly, cigarette giant ITC, based in the capital of Bengal, Kolkata, later became more active in Gujarat and Maharashtra. Petrochemical giant Reliance Industries gradually reduced its presence in Bengal and expanded to Jamnagar in Gujarat. Apart from Tata and Ambani, Birla Group also closed its old units in Bengal and shifted them to Gujarat and Maharashtra. If only Nano had remained in Bengal, more than 10,000 people could have found employment.
These were the big companies. Now let’s know about each sector and how Bengal slowly fell behind in development. The jhote industry was once the biggest source of income for Bengal. But many jhote mills were closed. The largest jhote companies National Jhote Mills, Alexandra Jhote Mill, Kanishan Jhote Mill, Khardah Jhote Mill also closed completely.
Apart from jhote, the economic sector of Bengal was seriously affected. The finance sector was completely affected after the Saradha Group scam came to light in 2013. Before the wounds of the Saradha scam healed, another scam related to the Rose Valley Group came to light, which later stopped its operations. The reality of the dire situation in Bengal is that thousands of MSMEs have closed down. Previously established engineering companies have gradually come to an end. Apart from fraud and finance, the condition of sectors like auto, engineering, manufacturing has already deteriorated. The plant of the country’s largest auto company Hindustan Motors has been closed since 2014. Now, after the BJP government comes to power in Bengal, according to experts, a new investment hub will be created in Bengal like Uttar Pradesh. The face of Bengal will change.
