Big money for Modi

Discussion in 'Politics & Society' started by GPM, Jan 29, 2013.

  1. GPM

    GPM Tihar Jail Banned

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    The economic tale of two Indian states could not be more starkly different. Under Mamata Banerjee’s chief ministership, West Bengal managed to implement new investment proposals of just Rs. 935 crore from April to November 2012, while Narendra Modi’s Gujarat acted on Rs. 49,405 crore — 50
    times more.

    Unsurprisingly, Gujarat tops the chart while Bengal is at the bottom among the major states.

    Andhra Pradesh ( Rs. 10,745 crore), Maharashtra ( Rs. 7,021 crore), Madhya Pradesh ( Rs. 2,157 crore) and the much smaller Punjab ( Rs. 1,042) is ahead of West Bengal in implementation of investment proposals, according to the Union ministry of commerce and industries.

    The ministry’s latest report on Industrial Entrepreneurs Memorandum (IEM), which measures flow of investment into different states, shows even Bengal’s former Left Front regime in better light. While Buddhadeb Bhattacharya had implemented fresh capital of Rs. 1,163 crore in his last year as chief minister in 2010-11, the Trinamool Congress managed to implement just Rs. 325 crore in 2011-12 after sweeping to power, outperformed even by the far smaller Jharkhand.

    Banerjee came to power riding on massive and violent farmers’ protests over acquisition of land for industry in Nandigram and Singur.

    The Singur protests saw Tata take its proposed Nano factory from Bengal to Gujarat.

    Lately, Banerjee has been holding regular meetings with industrialists and business chambers to woo investors to her cash-strapped state. Last month, she was in Delhi for a first-of-its-kind discussion with the Capital’s top industrialists.

    But everywhere she went, she made it clear her administration would not acquire land for private investors to set up industries, ignoring perhaps the most important demand of India Inc.


    Big money for Modi, Didi loses out - Hindustan Times
     
    parijataka and Raj30 like this.
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  3. jalsa

    jalsa Regular Member

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    Andhra Pradesh at 10000 Crore Rupees? I'm very surprised with the stated in shambles.
     
  4. GPM

    GPM Tihar Jail Banned

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    Why? AP has about 1.5 times population of Guj, yet 1/5 of investment.
     
    Last edited: Jan 29, 2013
  5. jalsa

    jalsa Regular Member

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    AP has no MODI, and the state is going to dogs, there may be much less investment coming in.
     
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  6. arya

    arya Senior Member Senior Member

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    modi sould mae sure that poor pepole will bet maximum benifit
     
  7. panduranghari

    panduranghari Senior Member Senior Member

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    A Bengal of Swami Vivekanand and Subhash Bose is without a good leader. What travesty?
     
  8. jackprince

    jackprince Turning into a frog Senior Member

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    It's business investment, not doles.

    However, the more business comes to a state, the more everyone gets benefitted. The poor gets job, and the smarter one goes up.

    But, if MNREGA kind of projects goes on without proper supervision, where a worker can get a 100 buck working only 2-3 hours and that too with little hardwork, the future of the whole nation would be bleak. Why would a person choose to come to a factory for 300 bucks and 8 hours work, when he gets 100 buck without sweating?
     

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