WB Ranks Fifth In Attracting Investments

Kolkata: West Bengal has ranked fifth wooing investments, according to the Investment Climate Survey conducted by the Indian Chamber of Commerce (ICC). There were about 150 respondents to this survey who are top management executives of different companies. About 17 Indian States were taken into consideration for this survey. Maharashtra has topped the list followed by Tamil Nadu, Gujarat and Karnataka. The survey report, however, stated that infrastructure and connectivity issues, labour and work culture, bureaucracy and red-tapism are the major constraints for industrial growth in the State. The respondents also felt that land acquisition for industrialisation has been an area of worry in the State and has suggested that rehabilitation packages should be finalised before land acquisitions.