HomeNewsOpinionWill Mamata Banerjee’s attempts to woo investors succeed like her politics?

Will Mamata Banerjee’s attempts to woo investors succeed like her politics?

The Bengal CM’s overseas trip aims to give a fillip to the state’s MSME sector and boost job creation. Anticipating early Lok Sabha polls, Banerjee is focussed on the optics, firing up Bengali sentiments on the political front and projecting earnestness in welcoming foreign investment on the economic front 

September 16, 2023 / 09:28 IST
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Spainish textile major to start production in Bengal from December: Mamata Banerjee
Spainish textile major to start production in Bengal from December: Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee is attempting to steady herself both politically and economically by wooing foreign investors to fast-track the state’s development in the run-up to the Lok Sabha elections.

And the urgency in the Trinamool Congress supremo’s drive to consolidate her position stems from her conviction – which she has expressed publicly – that the Narendra Modi government is going to advance the parliamentary polls to December from April-May next year to gain a strategic advantage over the Opposition’s INDIA bloc.

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On September 12, Banerjee left for Spain via UAE in search of capital for generating jobs in three key sectors. During her 11-day-long trip, she is scheduled to hold meetings with NRI businessmen in Dubai before heading for Madrid and Barcelona where her officials have already done considerable legwork, according to reports. She has also roped in the Indian Chamber of Commerce (ICC) and the Federation of Indian Chambers of Commerce and Industry (FICCI) for their domain expertise.

After returning from Europe, Banerjee will host the Bengal Global Business Summit (BGBS), the state’s yearly flagship programme for attracting domestic and overseas investments, on November 21-22, underlining her sharp focus on the economy along with politics ahead of parliamentary polls.