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Arun Jaitley advises Mamata Banerjee to make investment friendly policies

Arun Jaitley has a suggestion for West Bengal chief minister Mamata Banerjee: pursue more investor friendly policies to come out of the left legacy in the state.

, ET Bureau|
Updated: Jan 29, 2016, 08.46 PM IST
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Arun Jaitley has a suggestion for West Bengal chief minister Mamata Banerjee: pursue more investor friendly policies to come out of the left legacy in the state.
Arun Jaitley has a suggestion for West Bengal chief minister Mamata Banerjee: pursue more investor friendly policies to come out of the left legacy in the state.
KOLKATA: Finance Minister Arun Jaitley has a suggestion for West Bengal chief minister Mamata Banerjee: pursue more investor friendly policies to come out of the left legacy in the state.

Referring to the Left rule which saw investors moving out from Bengal and debt mounting, Jaitley said: "Now West Bengal is under an alternative government. If it wants to put Bengal again in its past position then it has to become business friendly."

Interestingly, Jaitley was rather soft on Mamata ahead of the 2016 assembly elections in the state while he criticised the CPM-led Left rule.

"The small states like north eastern states are revenue deficit. Now even Orissa and Jharkhand are revenue surplus. Only two major states are revenue deficit...Bengal and Kerala and one can easily understand the link between the two," he added, while delivering the 1st Suresh Neotia Memorial Lecture in Kolkata, organised jointly by CII and Suresh Neotia Centre of Excellence for Ledership.

Commenting on co-operative federalism in the country, Jaitley pointed out that it had called all the state government on the land issue as few states like Tamil Nady asked for change in land policy framed during UPA regime which some felt is very stringent.

"We left it on states as far as land policy and labour policy are concerned. Now every states will try to formulate a more friendly land and labour policy and if the land policy of state A is not attractive then investor will go to state B," the FM said. .

It may be recalled that the Mamata Banerjee is against forceful land acquisition and many see her policy as anti-industry. However, the CM has assured several times that land would not be a problem for investors willing to invest in Bengal.

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